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Frequently Asked Questions
What is a Mutual Fund?
A mutual fund is the kind of investment that pools money of several investors and invests them in stocks, bonds, money market instruments and other types of securities. Buying a mutual fund is like buying a small slice of a big pizza. The owner of a mutual fund unit gets a proportional share of the fund’s gains, losses, income and expenses.
What is NAV?
NAV is the per-unit value or per-unit price of a particular mutual fund scheme. The number of units allotted to an investor depends on the fund’s NAV.
What is SIP and how does it work?
A Systematic Investment Plan (SIP) lets you invest a fixed amount monthly in mutual funds. It promotes discipline, reduces risk over time, and helps build long-term wealth.
What is STP and how is it different from SIP?
STP transfers a fixed amount from one fund to another (usually debt to equity), while SIP invests a fixed amount from your bank account at regular intervals into a mutual fund.
What is the difference between growth and dividend mutual fund options?
Growth options reinvest profits, helping your investment grow over time. Dividend (IDCW) options pay out returns periodically, offering income but slower compounding.
What is goal-based investing?
Goal-based investing aligns your investments with specific life goals like retirement or education. It helps you stay disciplined and track your progress meaningfully.
How safe is my money with Fundscart?
Mutual fund transactions are made entirely in the name of the investor, and no money is retained by Fundscart on behalf of the investor. We only facilitate the money transfer for making investments. When an investor makes an investment, the money is sent directly to the respective Asset Management Company (AMC) towards the investment. In the rare cases where the money transfer does not succeed, the amount will be refunded to your account within two business days.
What are the charges to transact on Fundscart?
There are no charges when you transact with us. Your Fundscart account is free for lifetime. We earn through trail revenue which we receive from mutual fund houses.
Are there any hidden charges?
No, there are no hidden charges. Fundscart earns commissions directly from mutual fund houses, and we do not charge any extra fees for transactions on our platform.
What documents are needed to start investing?
To begin, you’ll need your PAN card, Aadhaar card, a bank account, and a few minutes for KYC
verification. If you’re already KYC-compliant, the process is even faster.
What is the minimum amount of investment?
A minimum amount of Rs 1000 is required for SIP investment.
I am an NRI. Can I invest in mutual funds through Fundscart?
Yes, NRIs can open a Fundscart account and invest in mutual funds through us.
Can I invest for my family members through Fundscart?
Yes, Fundscart allows you to create and manage investments for multiple family members under a single login for simplified tracking and control.
How does Fundscart select mutual funds?
Our team uses a research-driven process considering over 14 parameters like risk, returns, fund manager experience, consistency, and AMC credibility before recommending funds.
How often should I review my portfolio?
We recommend a yearly review or whenever there’s a major change in your financial goals. Fundscart provides regular performance reviews and portfolio rebalancing suggestions.
Can I redeem my investments anytime?
Yes, most mutual fund investments (except ELSS and lock-in schemes) can be redeemed partially or fully at any time through the platform.
Can I pause or stop my SIP anytime?
Yes, you can pause or stop your SIP at any time through the Fundscart platform or mobile app. There are no penalties or charges — we offer flexible control based on your financial needs.
What is the cutoff time for getting same-day NAV for mutual fund investment?
To receive same-day NAV, your investment must be completed before 3:00 PM on a working day. Transactions after that will get the next business day’s NAV.
Is there a mobile app available?
Yes, you can track and manage your investments anytime via our mobile app — available on both the App Store and Google Play.