Mutual Fund - FAQ

My VKYC with YES Bank is rejected, can I still invest in mutual funds?
Yes, you can still invest in mutual funds. Add a bank account specifically for mutual funds from the mini modules → bank account section and use it for all ...
Thu, 19 Sep, 2024 at 12:21 PM
Why do I have to give Nominee consent?
As per SEBI regulations, every mutual fund investor must submit their nominee's consent. This ensures that in the event of the investor's demise, th...
Thu, 19 Sep, 2024 at 12:22 PM
How many nominees can I add?
You can add up to 3 nominees, applicable to all your folios. Make sure to enter all details correctly. You must distribute 100% of the allocations among the...
Thu, 19 Sep, 2024 at 12:22 PM
The nominee added by me is under 18, what do I do?
If your nominee is under 18, you can add the details of a guardian who is above 18.
Thu, 19 Sep, 2024 at 12:23 PM
How to make a one-time investment?
It's simple: Search for the fund you wish to invest in. Scroll to the bottom and click on "One-Time." Enter the amount and other deta...
Thu, 19 Sep, 2024 at 12:24 PM
Is there a lock-in period for investments?
Yes, certain funds have a lock-in period, meaning your funds will be locked for a specific duration (e.g., 1 year). In the case of ELSS, there is a mandator...
Thu, 19 Sep, 2024 at 12:25 PM
What is the mode of payment for making an investment?
To make a one-time investment in mutual funds, you will place a UPI lump sum order. The process is simple: Select one of your registered bank accounts. ...
Thu, 19 Sep, 2024 at 12:25 PM
My one-time order has failed, what do I do?
We apologize for this experience. There can be multiple reasons for the failure: Entered less than the minimum investment required. Did not select the...
Thu, 19 Sep, 2024 at 12:25 PM
How to withdraw money?
When you need money or have reached your investment target, here are the steps to withdraw your funds: Go to the portfolio. Go to Mutual Funds. Scr...
Thu, 19 Sep, 2024 at 12:26 PM
My withdrawal order has failed. What do I do?
If your withdrawal order has failed, there could be multiple reasons for the failure: Entered a withdrawal amount more than your investments. Some ban...
Thu, 19 Sep, 2024 at 12:26 PM