Fast & Paperless Mutual Fund Investments and SIP – Systematic Investment Plan by Money On App
With MoneyOnApp now invest in best performing mutual funds and SIP become easy and fast. This app helps you to make an investment in right mutual funds which will get you good returns. ELSS is a type of mutual fund which helps you save tax. We provide you options to save tax by investing in ELSS funds in single click.
Who is eligible to invest in mutual fund and SIP online?
Anyone who is willing to gain good returns by investing in mutual fund for long term through our Money On App is eligible. Follow our paperless process to start investing in hand picked mutual funds and SIP online.
How can I get benefited from mutual funds?
Mutual fund is investment instrument. Through this you can invest your money in different types of markets like stock, debt, commodity or international.
What will be the minimum amount that should be invested in the mutual fund SIP?
You can start your mutual fund SIP by investing as low as Rs 1000/- per month.
How can I save tax by investing in the mutual fund?
Equity Linked Savings Scheme – ELSS mutual funds scheme is the investment you can choose to save income tax up to Rs 46800/- per year. The lock period for these schemes is 3 years.
How is ELSS-(Equity Linked Saving Schemes) mutual funds are helpful?
By Investing in ELSS (Equity Linked Saving Schemes) mutual fund you can save tax as per section 80c.
How to determine TDS rates? Is mutual fund helpful in tax saving?
TDS – Tax deducted at source, with Money On App you can save tax up to 46800/- per year by invest in ELSS mutual fund.
=>If income is 2.5 to 5 lakh then 5% TDS.
=>If income is 5 to 10 lakh then 20% TDS.
=>If income is more than 10 lakh then 30% TDS.
With Money On App, what are the mutual fun which I can invest in?
You Can Invest in all of below AMC’s mutual funds.
SBI Mutual Fund
Reliance Mutual Fund
Franklin Mutual Fund
HDFC Mutual Fund
DSP Mutual Fund
Axis Mutual Fund
Aditya Birla Mutual Fund
IDFC Mutual Fund
Kotak Mutual Fund
L&T Mutual Fund
Mirae Mutual Fund
Sundaram Mutual Fund
Tata Mutual Fund
UTI Mutual Fund
Invesco Mutual Fund
Fast and securely invest into CAMS and KARVY funds with Money On App for following banks:
Bank of Baroda
Bank of Maharashtra
Central Bank of India
ING Vysya Bank
Indian Overseas Bank
Standard Chartered Bank
South Indian Bank
Is there any other application for investments in India?
Angel Bee, PayTM Money, Fisdom, Piggy, Investica, ET Money, Groww, Funds India, My SIP Online, My CAMS, Scripbox, Wealth Trust, IIFL, Zerodha Coin, Cash Rich etc. Moneycontrol, Value Research, Economic Times offer analysis.
How to plan for Mutual Fund and SIP with Money On App?
With MoneyOnApp you can create financial goals in first step. Then by investing through SIP you can start saving for your goals. You can also track you goals with MoneyOnApp.
Invest in mutual fund and SIP online at no extra cost. Create your portfolio free of cost.
What are the device permissions for Money On App?
Following are the required permissions for Money On App to investing in a mutual fund
– Photo: Photo capturing permission to take images of mutual fund investment related documents
– Storage: Storage permission to access mutual fund documents and upload