FAQ

What are the prerequisites for an online mutual fund aggregator company?
To distribute regular plan mutual funds, you need to be empanelled with the Association of Mutual Funds of India. Before that you need to clear the NI...
Wed, 2 May, 2018 at 4:30 PM
Which would be the better investment, Rs 15,000 PM to SIP or Sukanya Samriddhi Yojana?
I quite like Sukanya Samriddhi Yojana as a product. It promotes long term investing, is tax free and has the highest interest rate among all smalls sa...
Wed, 2 May, 2018 at 4:31 PM
How much will the 0.01 % increase in total the expense ratio of my mutual fund impact me? What is an explanation with examples?
It is good that you are concerned about a 0.01% (or 1 basis point) increase in expense ratio. Each such 1 bps increase can decrease your return. SEBI ...
Wed, 2 May, 2018 at 4:33 PM
Is profit in mutual funds calculated as (Current NAV) / (NAV when bought) * Amount invested - Amount Invested?
The math may look simple (Value - Cost where Value = Latest NA * Units) , but look for these THREE catches to arrive at the net profit in hand! VThere...
Wed, 2 May, 2018 at 4:33 PM
Can I change a bank account linked to a SBI mutual fund in the case of a direct plan?
Yes, regardless of the type of plan, you can change the bank account linked to the Mutual Fund. To prevent fraud, the fund house will require you to ...
Wed, 2 May, 2018 at 4:34 PM
Is ELSS a better investment than LIC?
There is no doubt that an ELSS Mutual Fund is much better than an insurance policy. Let me cite the two major reasons here: Insurance policies that...
Wed, 2 May, 2018 at 4:34 PM
Which is the best platform to buy a tax saver mutual fund, in order to get latest NAV?
If you get Rs 7,000 off in commissions in one shot, isn't it a great deal? The best platform to buy a tax saver mutual fund is one that is: Ha...
Wed, 2 May, 2018 at 4:35 PM
Do all mutual fund schemes produce the same returns in the long run?
All funds do not give the same returns. This depends on the Type of Fund, and the Channel you buy it from. Channel: If you go through a broker or a...
Wed, 2 May, 2018 at 4:35 PM
Can I invest tax saver FD in a bank and mutual funds simultaneously?
ou can invest in Tax Saver FDs which have a lockin of 5 years. But the returns are much less than an ELSS or Tax Saving Mutual Fund. The differences a...
Wed, 2 May, 2018 at 4:36 PM
Why is Jama not completely free?
Jama (spelt Jamaá) is a Smart Investment Platform that helps you get upto 40% more with Direct Mutual Funds. You get the convenience of managing all m...
Wed, 2 May, 2018 at 4:36 PM