Invest in
Mutual Funds

Mutual funds are investment funds managed by professional fund managers who pool money from individual investors to invest in various financial instruments such as stocks, bonds, and other assets. The fund managers make investment decisions based on factors like investors' risk tolerance and investment duration.

Investing in mutual funds is simple:

• Download the Appreciate app and set up an account (if you haven’t already).
• Set up Mutual Funds (if you are not KYC verified).
• Choose a Mutual Fund and make a SIP or one-time investment

During the onboarding process, once you complete your personal details, you’ll be asked to choose your investment preference. You can simply select “Indian Mutual Funds” and proceed .

We need to verify your details ( CKYC) before you can start investing in mutual funds. If you’re already a Mutual Fund investor, we’ll check your CKYC automatically. If it’s your first time, you'll need to submit your signature and verify your Aadhaar using DigiLocker.The KYC Registration Agency (KRA) usually verifies your CKYC status within 24 to 48 hours.

Due to regulatory compliance, we must verify your data again to make you eligible for mutual funds. This verification involves submitting a selfie, signature, and verifying Aadhar via Digilocker. The KRA will share the final status within 24-48 hours.

If your Video KYC (vKYC) with YES Bank doesn’t go through, you can still invest in Mutual Funds. All you need to do is add a bank account of your choice and complete the Mutual Fund onboarding process.

A Systematic Investment Plan (SIP) allows you to invest a fixed amount at regular intervals, usually monthly, into a mutual fund. Based on the fund’s Net Asset Value (NAV) at the time of investment, you are allocated units accordingly.

Benefits of SIP:

• Rupee Cost Averaging: You buy more units when prices are low and fewer when prices are high, helping average out your cost.
• Power of Compounding: Small, regular investments grow significantly over time.
• Investment Discipline: Encourages consistent investing, regardless of market conditions.

To automate your SIPs, you can set up a bank mandate (such as e-NACH), ensuring timely and hassle-free payments.

There’s no one-size-fits-all answer. The right choice depends on your financial goals, risk appetite, and investment style.

Tip: Choose based on your risk appetite and investing style.

1. Search and select a fund.
2. Tap "SIP".
3. Enter investment amount and SIP date.
4. Complete OTP verification.
5. Done! Your SIP is now active.
6. Track it under "Active SIPs".

Note: Ensure e-NACH mandate is set up before starting your SIP.

1. Choose a fund to invest in and click on "One-Time."
2. Enter the amount and details.
3. Complete OTP verification.
4. Select the bank account for investment and the same bank on your UPI app.

We apologize for the inconvenience. Please retry with the following checks:

• Ensure the amount meets the minimum investment requirement.
• Select the same bank account on both the platform and your UPI app.
• Check that your account has sufficient balance.

If the issue continues, try again later or raise a support ticket, and we'll help resolve it.

We understand it can be overwhelming. Use our "My Investment Calculator" to simplify the process. Please note that this is not a buy or sell recommendation.

e-NACH (Electronic National Automated Clearing House) is an electronic approval that lets mutual fund companies auto-debit money from your bank account for SIPs. It’s paperless, fast, and safe.

1. Start an SIP setup in the app
2. Enter your bank details and authenticate via net banking or debit card
3. You’ll be securely redirected to your bank’s page to complete the process

e-NACH typically activates instantly and your SIP is set up.

The SIP transaction will fail if there aren't enough funds in your account on the scheduled date. Your bank may also charge a penalty for the failed auto-debit. It's advisable to keep sufficient balance at least a day in advance.

Exit load is a fee charged by the AMC for exiting a scheme early. Exit loads applicable on different fund categories are:

• Equity funds: Generally 1% to 2%
• Debt funds: Generally 0.5% to 2%
• Liquid funds: No exit loads
• For units above 10% of the investment, an exit load of 2% if redeemed within 365 days and 1% if redeemed after 365 days but on or before 730 days.

NAV (Net Asset Value) cutoff time The time by which you need to make your investment or redemption to get the same day’s NAV. Requests submitted after the cutoff time will be processed at the next business day's NAV. The cutoff times can vary:

• Liquid Funds: Around 1:30 PM to 2:00 PM.
• Overnight Funds: Between 11:00 AM and 1:00 PM.
• Other Funds: Around 3:00 PM to 3:30 PM.

STCG (Short-Term Capital Gains) and LTCG (Long-Term Capital Gains) refer to the profits earned from the sale of investments.

• STCG applies to assets held for a short duration (up to less than 12 months for equities and up to less than 36 months for other assets like real estate).
• These gains are taxed at a higher rate compared to long-term gains. For example, in India, short-term gains on equity investments are taxed at 20%.

• LTCG applies to assets held for a longer duration (more than 12 months for equities and more than 36 months for other assets like real estate).
• These gains are taxed at a lower rate to encourage long-term investments. For example, in India, long-term gains on equity investments are taxed at 12.50%.

Adding a bank account for mutual funds is optional but recommended. You can easily link up to 4 bank accounts.

Adding a bank account for mutual funds is simple:

Option 1: Go to Profile section → Bank accounts → Mutual funds → Add bank → Enter bank details, and we’ll verify within seconds.

Option 2: While placing an investment order, you can add a new bank account, complete the verification, and use it for the investment.

Note: Ensure correct bank details for verification, sufficient funds to avoid cancellation, and remember you can add up to 4 bank accounts.

Just contact our customer support team at helpdesk@ppreciate.com, and we’ll help you update your bank account for withdrawals.

Some funds have a lock-in period, meaning your funds will be locked for a specific duration (e.g., 1 year). In the case of ELSS, there is a mandatory 3-year lock-in period.

For a one-time mutual fund investment, you'll use a UPI lump sum order:

1. Select one of your registered bank accounts
2. Open your UPI app, select the same bank account, and complete the payment. If a different bank or UPI ID is selected, the payment will fail

You can track your investment and returns in the portfolio section on the Mutual Fund home screen. Click on it to view detailed information about your transactions, one-time payments, and active SIPs.

Withdrawals usually take 2–3 working days. Once processed, the money typically reaches your bank within a few hours.

When you need money or have reached your investment target, here are the steps to withdraw your funds:

1. Go to the portfolio.
2. Go to Mutual Funds.
3. Scroll to the bottom and select "Withdraw".
4. Enter the amount you want to withdraw.
5. Complete OTP verification.
6. Go to the portfolio to keep track of your withdrawal.

You should receive the funds back to the primary bank account that you selected for your first Mutual Funds investment order. The money should be received within 4-5 working days.

When you need money or have reached your investment target, here are the steps to withdraw your funds:

• Investment orders: 2–3 working days
• Withdrawals: 2–3 working days, plus a few hours for the money to reflect in your bank account.

Note: "Working days" means weekdays, excluding weekends and public holidays.

If your withdrawal order has failed, there could be multiple reasons for the failure:

1. Entered a withdrawal amount more than your investments.
2. Some bank server or RTA server issues.

Raise a support ticket at helpdesk@ppreciate.com if the issue persists.