How many mandates do I need for multiple SIPs on FYERS?
If you're planning to invest in multiple Systematic Investment Plans (SIPs) on FYERS, the good news is you don't need a separate mandate for each. You can comfortably manage multiple SIPs in different mutual funds under a single mandate. Just ensure that the combined amount for all SIPs remains below the mandate's specified limit. At FYERS, this limit is set at ₹1,00,000.
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How can I cancel the bank mandate on FYERS?
We understand that you may want to revoke your bank mandates for various reasons. While FYERS facilitates setting up e-mandates online, canceling them currently involves an offline process. Here's a detailed guide to help you through it. What is a ...
How can I track the status of my Bank Mandate with FYERS?
Setting up a bank mandate is essential for enabling automatic SIP payments in mutual funds. Once you’ve submitted a mandate request via FYERS, it’s natural to want to track its approval status. Here's how you can stay updated and what each status ...
How is the buy NAV averaged for multiple orders in the same scheme on FYERS?
When investing in mutual funds via FYERS, the Buy Net Asset Value (NAV) will reflect the closing price on the day of your purchase. If you make another investment in the same scheme on a different day, the Buy average for this second purchase will be ...
Can I place market orders for commodity options on FYERS?
At FYERS, placing market orders in the MCX Options segment isn't feasible. Given that commodity derivatives, especially Options, witness low trading volumes in India, many of these options contracts are illiquid. Permitting market orders can ...
How to invest in SIPs or a lump sum?
Investing in any direct mutual fund scheme through Fyers Direct is extremely simple. If you have a Trading and Demat account with Fyers, make sure the BSE-MF segment is active. The procedure to invest in mutual funds is as follows: Investing via SIP ...