Mutual Funds
What is a folio number and how can I find it?
A folio number is a unique identifier assigned to your mutual fund investments by the Asset Management Company (AMC). It helps in tracking and managing your investments efficiently. The folio number for your mutual fund investments will not be ...
Why am I encountering the 'NOT allowed to trade in BSE MF' error on FYERS?
If you're attempting to place a Mutual Funds order in Fyers Direct and face this error, it typically stems from: UCC Mapping Delays: Sometimes, there's a lag in UCC mapping from the exchange side which can temporarily hinder your trading. BSE MF ...
How can I track the status of my Bank Mandate with FYERS?
If you've initiated a Bank Mandate request on FYERS, monitoring its status is straightforward: Pending Mandates: Immediately post-request, mandates appear here. A move to 'Active' or 'Rejected' sections follows their activation or denial. Active ...
How I can cancel the bank mandate?
While we strive to offer flexibility, there's a limitation when it comes to online cancellation of e-mandates on FYERS. Here's what you can do: Approach your associated bank branch and provide the unique 7-digit code to revoke the e-mandate. ...
How can I find the ISIN numbers for mutual fund schemes on FYERS Direct?
While FYERS Direct does not showcase ISIN numbers for mutual funds, there's a workaround. Visit the BSE India website to access a comprehensive list, available in Excel and PDF.
What is an NFO and how does it function?
n NFO, or New Fund Offer, denotes the debut offering of a scheme to investors by Asset Management Companies (AMCs). AMCs introduce NFOs with the primary goal of collecting capital to invest in various securities. NFOs come in three distinct flavours: ...
Can I use mutual funds as collateral for trading in the F&O Segment on FYERS?
Yes, you have the flexibility to invest in Mutual Funds and subsequently pledge them for acquiring additional trading margins in the F&O Segment. It's important to note, however, that not all mutual funds qualify for pledge. For the list of ...
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 ...
What does 'Additional Lumpsum' mean in Mutual Fund investments?
A lumpsum investment pertains to a one-time commitment of funds into a specific mutual fund scheme. Essentially, when you invest a certain sum all at once, that's termed as a 'lumpsum' investment. Now, an 'additional lumpsum' is when you decide to ...
How can I verify the allotment of my NFO?
Post investing in a New Fund Offering (NFO), the allocated units will be credited to your Demat account within five working days following the NFO's closing date. You can conveniently monitor these details via the ‘Fyers Direct’ dashboard. For a ...
Is there a dedicated mobile app by FYERS for Mutual Fund investments?
Currently, FYERS does not offer a dedicated mobile application specifically for mutual fund investments. But fear not! You can easily navigate to direct.fyers.in on your mobile browser, sign in using your FYERS credentials, and execute your desired ...
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 ...
Where can I find details about the lock-in period for a mutual fund scheme?
A lock-in period refers to a specified duration during which investors are restricted from selling their mutual fund holdings. In the Indian context, the duration of the lock-in period usually starts from a minimum of 3 years. While a majority of ...
What are charges applicable for investing in mutual funds?
At FYERS, we aim to maintain transparency in all our financial dealings. Here's a breakdown of the charges related to mutual funds: Purchase Costs: Buying Direct Mutual Funds with FYERS is completely FREE. Selling Charges: Upon selling your mutual ...
Can I customize the dates for the SIP?
Yes, we provide you the flexibility to select the SIP date as per your requirement. To set your SIP date, simply follow the intuitive options provided, exemplified in the image below: Note: Keep in mind that once your SIP date is finalized, you won't ...
How can I shift my existing direct mutual funds from the Fund House to my FYERS account?
Moving your mutual funds to FYERS is an offline process. Here's a structured guide to help you: 1. Start by downloading the transfer forms (in the attachment). 2. Fill in the following details: Your DP (Depository Participant) ID. Your name as it ...
What are the timings for placing mutual fund orders?
Mutual fund orders can be placed between 9:00 AM to 3:00 PM. Key Points: Orders submitted before 2:30 PM will be processed on the same trading day. Orders placed after 2:30 PM will be queued for processing on the next trading day. It typically takes ...
Can I transfer my shares or mutual funds from an NSDL Demat account to FYERS?
Yes, you certainly can transfer your shares or mutual funds from an NSDL Demat account to a FYERS Demat account. Here's a step-by-step guide to assist you with this process: Request a Client Master Report (CMR): Start by obtaining a CMR from FYERS. ...
What is a mutual fund?
A mutual fund is a financial vehicle that pools together money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities. Managed by a professional portfolio manager, mutual funds offer investors access to a broad ...
What does the term Net Asset Value (NAV) of a scheme mean?
Net Asset Value, often abbreviated as NAV, signifies the performance of a specific mutual fund scheme. Think of it as the price tag for each unit of a mutual fund. Essentially, it represents the current market value of the securities that the scheme ...
Does the NAV of a mutual fund scheme change daily?
Yes, mutual funds pool investors' money to buy securities in financial markets. Given that these securities experience price fluctuations each day due to market dynamics, the NAV, which reflects the value of these securities, also shifts daily.
What are Open-Ended Funds/Schemes?
An Open-ended mutual fund schemes are available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period. It allows investors to enter and exit the fund anytime after the NFO, whereas a close-ended fund ...
What is the benefit of open-ended funds/schemes?
These funds/schemes offer liquidity to the investors.
What are debt oriented schemes in mutual funds?
Debt Oriented Schemes, often known as income funds, primarily invest in fixed-income securities like bonds, treasury bills, and other debt instruments. Their primary goal is to offer regular and steady returns to investors. Given their investment ...
What are equity oriented schemes in mutual funds?
Equity Oriented Schemes predominantly invest in equity and equity-related securities. Their primary objective is capital appreciation over the investment duration. These funds expose investors to the dynamic world of equities, and hence, they come ...
What are closed-ended funds/schemes in mutual funds?
Closed-Ended Funds or Schemes are specific types of mutual fund schemes that are available for subscription only during a designated timeframe, often referred to as the New Fund Offer (NFO) period. They come with a predetermined maturity date, ...
What are balanced/hybrid funds in mutual funds?
Balanced or Hybrid Funds aim to strike a balance between growth and income. They invest in both equity and fixed-income securities, trying to capture the growth potential of equities while also offering the stability of fixed-income instruments. As a ...
Can NRIs invest in mutual funds in India?
Non-Resident Indians (NRIs) are eligible to invest in mutual funds in India. The specific guidelines and requirements for NRIs to invest are detailed in the offer documents of the mutual fund schemes. To initiate opening an NRI account, register ...
What are money market or liquid funds?
Money Market or Liquid Funds are a subtype of income funds. Their primary objectives are capital preservation, liquidity, and delivering moderate returns. They predominantly invest in short-term instruments like treasury bills, commercial papers, and ...
What are Gilt Funds?
Gilt Funds are a type of income fund aimed at capital preservation, liquidity, and generating moderate returns. They invest primarily in government securities and are an ideal choice for investors prioritising safety. Gilt Funds offer an avenue for ...
What are sector-specific funds/schemes?
Sector-Specific Funds are mutual funds that channel their investments into a particular sector or industry, such as Pharmaceuticals, IT, FMCG, or Banking. As outlined in the offer documents, the performance of these funds is closely tied to the ...
How do growth plans in mutual funds work?
Growth plans in mutual funds primarily focus on capital appreciation. Unlike dividend plans, they do not distribute the earned income or profits as dividends to investors. Instead, the income is reinvested, leading to an increase in the Net Asset ...
Can a mutual fund investor appoint a nominee?
Yes, individual investors in mutual funds can appoint a nominee to their investments. This ensures a smoother transfer of funds in unforeseen circumstances. However, it's essential to note that non-individual entities or corporate investors cannot ...
What are dividend reinvestment plan entail in mutual funds?
A Dividend Reinvestment Plan in mutual funds provides investors with an alternative to receiving dividends in cash. Instead of getting a cash payout, the dividends are reinvested to purchase more units of the fund. This can lead to compounded growth ...
How do Dividend Plans in mutual funds function?
Dividend Plans in mutual funds periodically distribute the income or profits generated by the fund to its investors. Instead of reinvesting the earnings, these plans provide cash payouts to unit holders, allowing them to benefit from the scheme's ...
Are there inherent risks when investing in mutual funds?
Yes, like all investment vehicles, mutual funds carry risks. They invest in a variety of financial securities such as equities, bonds, and money market instruments. The performance of these securities can be volatile, leading to fluctuations in the ...
What is exit load?
Exit Load is a fee or charge levied by an Asset Management Company when an investor redeems or transfers units from a mutual fund scheme. It's deducted from the Net Asset Value (NAV) and serves as a deterrent for premature withdrawal.
Is exit load a standard charge across all mutual funds?
No, the imposition of Exit Load varies from one mutual fund scheme to another. While some schemes might charge it, others may not. It's vital for investors to thoroughly read the scheme's offer document to understand any applicable charges. For ...
When can I access my mutual fund purchase details?
After executing a mutual fund transaction, you will receive the purchase details within three days from the date of the transaction, often referred to as T+3 days.
How do ELSS funds aid in tax saving and can they be pledged for F&O trading?
Equity Linked Savings Schemes (ELSS) are mutual funds offering tax-saving benefits under section 80C of the Income Tax Act, 1961. These funds primarily invest in equities, presenting opportunities and risks akin to equity-oriented schemes. ...
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