Why to invest in mutual fund with MoneyOnApp?
Now you can invest and manage all kinds of mutual funds from this app.
What is mutual funds?
A mutual fund is pool of funds gathered from individual investors and being invested in company shares, bonds, stocks by asset management company (AMC). Mutual fund is secured way to invest for any individual as it is being monitored by SEBI and managed by professional fund manager. Objective of mutual fund is to share resource among thousands of investors and collectively earn the highest possible returns on investments.
What is Net Asset Value (NAV) of a fund?
NAV is the market value of the equity, stocks or bonds held by the funds. The performance of a fund is measured by monitoring Net Asset Value (NAV).
What are the different types of mutual fund types?
Open ended, Close ended, Growth, Hybrid, Debt, ELSS, Money Market, Gilt, Index etc..
Who can invest into mutual funds?
Anyone! who fulfill KYC criteria can invest in mutual funds with MoneyOnApp.
What profit will I get by investing in mutual fund
Mutual Funds managed by asset management company to invest in equity, stocks and bonds so anyone who invest in mutual fund get price appreciation, bond dividend or interest as profit. you can realize profit earn from mutual funds by redemption of mutual fund. With SIP Calculator feature available in app, you can estimate profits from Equity and Debt funds based on past performance.
What is the minimum amount to invest in mutual fund SIP?
Start online SIP investment with as low as Rs.100/month
Can mutual funds help in tax saving?
Tax Saving Mutual Funds (ELSS): Tax saving investments can help you save up to Rs. 45,000 every year in taxes (Based on income tax slab). ELSS fund has lock period of only 3 years. This is much lower compared to other tax saving instruments like PPF where money is locked for 5-15 years.
What mutual funds can I invest into with MoneyOnApp?
Invest online into best mutual funds in India -
SBI Mutual Fund
Reliance Mutual Fund
Franklin Mutual Fund
HDFC Mutual Fund
DSP Mutual Fund
Axis Mutual Fund
Aditya Birla Mutual Fund
IDFC Mutual Fund
Kotak Mutual Fund
L&T Mutual Fund
Mirae Mutual Fund
Sundaram Mutual Fund
Tata Mutual Fund
UTI Mutual Fund
Invesco Mutual Fund
How I can do payment in mutual fund ? or Which banks are support ?
Payment to any mutual fund is safe and secure investment as it is being directly deposited to Fund House's bank account (We don't touch your money).
We currently support:
Bank of Baroda
Bank of Maharashtra
Central Bank of India
ING Vysya Bank
Indian Overseas Bank
Standard Chartered Bank
South Indian Bank
Which are the mutual fund investment apps in India ?
MoneyOnApp, Fisdom, Piggy, PayTM SIP, Investica, ET Money, Groww, PayTM Money, Funds India, My SIP Online, My CAMS, Scripbox, Wealth Trust, SIP Planner etc.
Which are popular mutual fund site for research ?
Money Control, Value Research, Economic Times offer analysis.