What is Additional lumpsum in Mutual Fund?
Lumpsum investment refers to the one-time investment in a particular scheme. In other words, investing all the amount in one go is called Lumpsum.
Similarly, additional lumpsum means investing in any scheme that you have already made a lumpsum investment in. Any lumpsum investment that is made for the 2nd time and thereon in a particular scheme is considered to be additional lumpsum. Generally, the minimum additional lumpsum investment is less than the minimum first investment (Refer to this article).
For instance, you have made a lumpsum investment of ₹5000 in ‘Canara Robeco Small Cap Fund - Direct Plan - Growth Option’ as ₹5000 is the minimum lumpsum that is required to be invested in this particular scheme. However, after a few days, you wish to invest more in the scheme. Now, you will have an option to invest a minimum of ₹1000 as the additional lumpsum investment as you already have invested in the ‘Canara Robeco Small Cap Fund - Direct Plan - Growth Option’.
Note: Minimum Additional Lumpsum Investment may vary from one scheme to another.
What are charges applicable for Mutual Funds?
You can buy Direct Mutual Funds at Fyers for FREE. However, on selling your Mutual Fund holdings, DP charges of ₹12.5+GST will be levied. We do not levy additional charges other than the DP charges mentioned above. For the details on the expense ...
What is a Mutual Fund?
Mutual funds are made up of all the money pooled in by a large number of investors. This pool of money is managed by a portfolio manager, who invests the funds in various financial instruments.
What is lumpsum and can I make a lumpsum investment using FYERS Direct?
If you invest all of the money at once to Buy Mutual Funds, it is called lumpsum investment. Yes, you can invest in Lumpsum in Fyers and for the procedure to do a lumpsum investment, refer to this article.
Can I transfer my existing direct mutual funds from the Fund House to my FYERS A/c?
Yes, you can transfer your existing mutual funds from your Fund House to FYERS. However, the procedure is completely offline. You can download the Forms here. The client has to fill in the DP ID. The name should be mentioned in the form as per the ...
If a mutual fund is closed, what happens to your invested money?
In case of winding up of a scheme, the mutual funds pay a sum based on prevailing NAV after adjustment of expenses. Unitholders are entitled to receive a report on winding up from the mutual funds which give all necessary details.