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Faqs

Frequently Asked Questions (FAQ's)

Investing in ELSS also known as tax saving mutual funds can fetch a tax break of Rs. 150,000/- (₹1.5 lakh} under section 80 C of the Income Tax Act.

As compared with other tax saving instruments, ELSS comes with the lowest lock-in period of 3 years only. Secondly, there is an option to invest in Equity mutual funds, hence they have an ability to earn a higher rate of return over the long term.

ELSS comes with a dual benefit –
1- Tax savings
2- Wealth Creation.
They help not only to save taxes but to build wealth too over the long term. As these Mutual Funds invest primarily in Equities, hence generate higher returns on investment than any other traditional instrument of tax savings like PPF, Insurance & NSC.

All tax saving instruments come with a lock-in period. ELSS has the lowest lock-in period of 3 years as compared to PPF which has a lock-in period of 15 years & NPS and EPF require you to invest till you get retired.

Systematic Investment Plans are where money is deducted from your bank account and invested automatically. By investing in SIP, you are able to purchase units of funds at different levels of the market and get benefit from rupee cost averaging.

By investing in SIP, you are able to invest on regular basis every month. In this way, investment is spread at all levels and gets a cushion from catching a market peak. SIP also benefits you by getting into a habit of saving and investing regularly every month.

After rigorous research, we choose the right mix of funds that is best suited as per your need. Taking into consideration the funds past returns, fund managers performance, consistency of fund, performance against its peer’s funds are chosen.

When you invest in mutual funds through MF Invest India your money goes directly to the accounts of the mutual funds that you invest in. it does not come to MF Invest India. When you redeem units, the money will be directly deposited to your registered bank account by the fund company.

When you invest in mutual funds through MF Invest India your money goes directly to the accounts of the mutual funds that you invest in. it does not come to MF Invest India. When you redeem units, the money will be directly deposited to your registered bank account by the fund company.

Most funds have a minimum investment ₹500, but the cumulative yearly investment can be as per your convenience. On MF Invest India you can start investing with just ₹ 500 per month too.

MF Invest India is completely free for you. Any commission is not charged from our users. We get a commission from funds that help us keep our service free and high quality.

You can withdraw your investments anytime from your MF Invest India Investment Dashboard. After redemption, the money is usually transferred to your registered bank account directly within 3 working days. Investment in ELSS can be redeemed after completion of 3 years lock-in period.

MF Invest India is registered with the Association of mutual funds (AMFI) under ARN code: ARN147789. Your investments made through MF Invest India are 100%
genuine & safe.
All data and transactions through MF Invest India are protected with 128-bit encryption.

Yes sure, You can make additional investments anytime from your investment dashboard in MF Invest India. You can make payment from your registered bank account using net banking or debit card.

Whenever you invest money in ELSS (Tax Saving funds) during the year, the amount of tax you have to pay in the year is decreased. Also, you keep earning returns and create wealth on the amount invested.

You can invest up to Rs.1.5 Lakh under section 80C of Income tax Act.

One should finish all his tax saving investments by March 31st to reduce the amount of tax you pay this year.

You have many options like PPF, Insurance, Tax Saving FDs, Tax Saving Mutual funds (also called ELSS) etc.

Yes. It is. As Know Your Customer (KYC) compliance is mandatory to invest in ELSS funds. But KYC is not a difficult process. MF Invest India has a completely paperless process for KYC which can be completed online.

The documents required for KYC are:
• 1 passport size photograph

• 1 copy of PAN

• 1 address proof

With these documents, the entire KYC process can be done online when you invest through MF Invest India.

Mutual fund investments are subject to market risk and the past performance of a fund does not guarantee future results or returns. Diversification may help to spread the risk but it does not assure a protection against loss or ensure a profit, in a down market. Potential of losing money while investing in securities or any other financial product is always there. Investors should consider their investment objectives and risks carefully before investing.

MF Invest India is registered with AMFI under ARN code: ARN144789

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