With ‘Instant Investing’, bid farewell to boring paperwork and invest in just 5 minutes! It’s super quick and simple, really!
We are proud to announce that FundsIndia.com has become the first online platform to enable completely paperless account opening for mutual fund investing! And that too in just 5 minutes!
That’s right – now, an investor can go from zero to investment in 5 minutes flat with our ‘Instant Investing’ process that requires no signature or paperwork.
This is truly a milestone for mutual fund investors in India and we are the first and only platform to enable this for investing in schemes across mutual fund companies.
All we require from an investor to be able to go through this ‘green channel’ for investing are the following:
- The investor must by KYC verified with CVL KRA
- The investor should have a bank account in one of the 11 supported banks (all major banks included – SBI, ICICI, HDFC, Axis, etc.)
- The investor must email us a photocopy of his cancelled cheque leaf to start investing
If these are met, an investor can simply come to FundsIndia.com, enter his PAN and bank details, and accept the terms of the website. This, along with the uploading of the cheque image, will immediately qualify him for making investments in any one of five different mutual fund companies that we have currently enabled for this facility.
The five mutual fund companies that accept investments presently for such investors are:
- Birla Sun Life Mutual Fund
- ICICI Prudential Mutual Fund
- L&T Mutual Fund
- IDFC Mutual Fund
- PineBridge India Mutual fund
We are adding more AMCs to this list and we expect this list to double in size within a few days.
This has been the result of tireless work from all our teams – especially, technology and operations – who made this possible. We made this happen by working with multiple AMCs, payment gateways, and KRAs. Our thanks to them for making this a reality!
We are expecting our Instant Investing process to come in really handy for the upcoming tax-saving season as ELSS funds from the above-mentioned fund houses will soon be just 5 minutes away. Investing in tax-saving funds just got so much simpler!
To invest in schemes from other mutual fund houses, you will have to complete our customary registration process (that doesn’t take too long too!). FundsIndia’s Instant Investing process doesn’t just revolutionize investing; it revolutionizes your life too. You no longer have to wait to invest. By just giving a few details, you can invest in about 500 mutual fund schemes from the above-mentioned fund houses!
Investing cannot get more exciting than this, can it?
- Discontinuation of the Systematic Investment Plan (SIP) of the Designated Schemes of MOMF
- Change in Maximum Subscription Amount of Aditya Birla Sun Life Medium Term Plan
Wealth Conversations – December 2024
Are Arbitrage Funds right for you?- Introduction Of Daily, Weekly Frequency In Sip And Changes In Default Sip Date And Minimum Investment Amount For The Groww Mutual Funds
a simple question. one time paper work for sip as you said. say suppose if i have sip in some tax saving fund for Rs 5000 every month which is going on from fundsindia, and if i need to add in some where around Rs 20000 a month additional sip amount in different mutual fund schemes, then do i need to send inn ecs mandate with the new amount again ?
Hello sir,
Not with our open ECS mandate system. You can add new SIPs using the same mandate that you have on file without any further paperwork, as long as the new amount is within the maximum limit specified on your mandate. For example, if the maximum limit is Rs 25,000, then you can add Rs 20,000 on top of the existing Rs 5000 on the same day.
Hope this clarifies.
Thanks,
Srikanth
Hi there. I am not sure I understand this online only deal. So a new investor who is not kyc registered will still need to go through paperwork right? What about your existing customers who have old kyc registered. Can that be done via online only?
Hello sir,
Anything that requires KYC (new or update) will need to walk the paper trail 🙁
Srikanth
I want to invest online through instant investing process . Do i require in future to send you singed copy tho complete this investment.
Urgent please reply…
Hello Sanjay,
Our support team will mail you. If you have not registered with us, pl. do so online, leaving your contact no. there, to make it easier for our team to talk to you. thanks
I didn’t get the reply . please suggest if there is any offline work to do later or not….
If you are KYC compliant, there is no offline work. You can just invest after the online work. I have only a while ago forwarded your query to our support team. The blog is only a discussion forum. They will mail you. Else, let us know whether you have registered (so that we can track your number) with us and under what id. thanks
I WANT TO KNOW ABOUT MUTUAL FUNDS AND SIP
Hello Amit: Pl. read our tutorials on it: http://pages.fundsindia.com/pages/learning/using-fundsindia/#3 For more help, our advisors will guide you once you have an activated FundsIndia account. Vidya
I want to invest online through instant investing process . Do i require in future to send you singed copy tho complete this investment.
Urgent please reply…
Hello Sanjay,
Our support team will mail you. If you have not registered with us, pl. do so online, leaving your contact no. there, to make it easier for our team to talk to you. thanks
I didn’t get the reply . please suggest if there is any offline work to do later or not….
If you are KYC compliant, there is no offline work. You can just invest after the online work. I have only a while ago forwarded your query to our support team. The blog is only a discussion forum. They will mail you. Else, let us know whether you have registered (so that we can track your number) with us and under what id. thanks
I WANT TO KNOW ABOUT MUTUAL FUNDS AND SIP
Hello Amit: Pl. read our tutorials on it: http://pages.fundsindia.com/pages/learning/using-fundsindia/#3 For more help, our advisors will guide you once you have an activated FundsIndia account. Vidya
is here lock period applicable????????
All open-ended mutual funds do not have a lock-in period. ELSS or tax-savings funds alone would have a 3-year lock in.
thanks
IS THERE ANY CHARGES eg. BROKERAGE CHARGE OR DISTRIBUTOR CHARGE FROM UR SIDE FOR OPENING MUTUAL FUNDS, THANKS
Hello Sunil, There is no charge what so ever from us on the investor for investing in mutual funds. The platform services and advisory services are all free of charge. thanks, Vidya
Please suggest me how to start investments in ELSS?
I am having zero knowledge towards these type of investments.
Hello Sir, If you have an online FundsIndia account (it is free to start) our advisors we can help you understand about MFs and also help you invest. if you need help, let us know. Our support team will get in touch/call you. thanks,
Dear Sir/ Madam
I wish to start from SIP in mutual funds from Rs. 1000/-. Is it possible by your online platform.
Awaiting your reply.
Ramdarash Prajapati
9869 344 584
Hello Ramdarsh, Yes, it is very much possible to start SIPs online and also use our free advisory/portfolio review services on an ongoing basis. Pl. login to the website and so the intitial registration and one-time paper work and you will be ready to invest. entirely online every time you invest or when you wish to redeem. If you need more help, I can ask one of our onboarding support associates to call you. thanks, Vidya
Thanks. I will start.
Ok madam thanks. You can ask your support associate to call me on 9869344584.
Will do. thanks, Vidya
Sir
what does FundsIndia charge for the services provided.. Are there any hidden cost or the cost whcih are there in T&C..
I just hope its not one charitable organisation providing such marvelous services with no charge..
Appreciate your early reply.
Thanks
Hi, Himanshu! Thank you for your kind words of appreciation. FundsIndia does NOT charge any fees, hidden or otherwise, from its customers for mutual fund transactions. We make our revenue through trail fees, which are paid out of the annual fund management fees that every mutual fund already charges. All our unique value-added services come without any charge too, as they are born from the noble intent to deliver an enriching investment experience to our customers. We hope you enjoy investing with us!
What is the requirement of rs.25000 mentioned in Mandate Instruction Form?
should i have to paid it?
Hi, Bubai!
No, you aren’t required to pay any such sum. The Rs. 25,000 mentioned in the Mandate Instruction Form is the default amount for your ECS mandate’s ‘daily transaction limit’. This means that the maximum value of transactions you can execute under that ECS mandate on any given day will be Rs. 25,000. You can choose to edit this amount as per your liking by logging in to your FundsIndia account and selecting:
‘My Accounts’ -> ‘Manage Your Account’ -> ‘Generate Open Mandate’ -> ‘View and Generate’. In the last section of this page, you will see a section called ‘Mandate Details’. Here, you can pick a value of your choice and generate a fresh mandate.
Hi FundsIndia,
I have got mandate form, i choose for SIP of 2000 rs , mandate says 25000 on one day. There is no mention that although you have choosen to have SIP of 2000, but this mandate could be used for future SIP’s also.
This brings trust issue . Could you kindly add this point in conditions which will help me as investor to feel secure.
Thanks
Dhananjay
Hi Dhananjay,
Thank you for your suggestion. We understand your concern and we will take it under consideration.
Dear Sir/ Madam
I wish to start from SIP in mutual funds from Rs. 1000/-. Is it possible by your online platform.
Awaiting your reply.
Ramdarash Prajapati
9869 344 584
Hello Ramdarsh, Yes, it is very much possible to start SIPs online and also use our free advisory/portfolio review services on an ongoing basis. Pl. login to the website and so the intitial registration and one-time paper work and you will be ready to invest. entirely online every time you invest or when you wish to redeem. If you need more help, I can ask one of our onboarding support associates to call you. thanks, Vidya
Thanks. I will start.
Ok madam thanks. You can ask your support associate to call me on 9869344584.
Will do. thanks, Vidya
Please suggest me how to start investments in ELSS?
I am having zero knowledge towards these type of investments.
Hello Sir, If you have an online FundsIndia account (it is free to start) our advisors we can help you understand about MFs and also help you invest. if you need help, let us know. Our support team will get in touch/call you. thanks,
Sir
what does FundsIndia charge for the services provided.. Are there any hidden cost or the cost whcih are there in T&C..
I just hope its not one charitable organisation providing such marvelous services with no charge..
Appreciate your early reply.
Thanks
Hi, Himanshu! Thank you for your kind words of appreciation. FundsIndia does NOT charge any fees, hidden or otherwise, from its customers for mutual fund transactions. We make our revenue through trail fees, which are paid out of the annual fund management fees that every mutual fund already charges. All our unique value-added services come without any charge too, as they are born from the noble intent to deliver an enriching investment experience to our customers. We hope you enjoy investing with us!
What is the requirement of rs.25000 mentioned in Mandate Instruction Form?
should i have to paid it?
Hi, Bubai!
No, you aren’t required to pay any such sum. The Rs. 25,000 mentioned in the Mandate Instruction Form is the default amount for your ECS mandate’s ‘daily transaction limit’. This means that the maximum value of transactions you can execute under that ECS mandate on any given day will be Rs. 25,000. You can choose to edit this amount as per your liking by logging in to your FundsIndia account and selecting:
‘My Accounts’ -> ‘Manage Your Account’ -> ‘Generate Open Mandate’ -> ‘View and Generate’. In the last section of this page, you will see a section called ‘Mandate Details’. Here, you can pick a value of your choice and generate a fresh mandate.
Hi FundsIndia,
I have got mandate form, i choose for SIP of 2000 rs , mandate says 25000 on one day. There is no mention that although you have choosen to have SIP of 2000, but this mandate could be used for future SIP’s also.
This brings trust issue . Could you kindly add this point in conditions which will help me as investor to feel secure.
Thanks
Dhananjay
Hi Dhananjay,
Thank you for your suggestion. We understand your concern and we will take it under consideration.
Hi there. I am not sure I understand this online only deal. So a new investor who is not kyc registered will still need to go through paperwork right? What about your existing customers who have old kyc registered. Can that be done via online only?
Hello sir,
Anything that requires KYC (new or update) will need to walk the paper trail 🙁
Srikanth
a simple question. one time paper work for sip as you said. say suppose if i have sip in some tax saving fund for Rs 5000 every month which is going on from fundsindia, and if i need to add in some where around Rs 20000 a month additional sip amount in different mutual fund schemes, then do i need to send inn ecs mandate with the new amount again ?
Hello sir,
Not with our open ECS mandate system. You can add new SIPs using the same mandate that you have on file without any further paperwork, as long as the new amount is within the maximum limit specified on your mandate. For example, if the maximum limit is Rs 25,000, then you can add Rs 20,000 on top of the existing Rs 5000 on the same day.
Hope this clarifies.
Thanks,
Srikanth
is here lock period applicable????????
All open-ended mutual funds do not have a lock-in period. ELSS or tax-savings funds alone would have a 3-year lock in.
thanks
IS THERE ANY CHARGES eg. BROKERAGE CHARGE OR DISTRIBUTOR CHARGE FROM UR SIDE FOR OPENING MUTUAL FUNDS, THANKS
Hello Sunil, There is no charge what so ever from us on the investor for investing in mutual funds. The platform services and advisory services are all free of charge. thanks, Vidya