Update : Mutual Fund Investments
Dear customers/investors, thank you for being a valuable member of the INDmoney family. It is through your trust in us and consistent efforts to grow your wealth that we have become one of the fastest-growing investment platforms in the country.
As part of our internal business restructuring, we are transferring the distribution of direct Mutual Fund business from Finzoom Investment Advisors Pvt. Ltd (Holding Company) to our stock broking subsidiary, INDmoney Pvt. Ltd. The existing mutual funds account information, existing SIPs, mandates, and AUM of the customer will be migrated to INDmoney Pvt. Ltd. There will be no impact on your existing investments or active SIPs. You will be able to continue managing them on the INDmoney platform exactly as today.
Key things to know about migration
- INDmoney will continue to provide Direct Mutual Funds on its platform without compromising user experience.
- Your current SIPs and mandates will function as they do today.
- After migrating to the BSE Star MF platform, Direct Mutual Fund units will continue to be in the Statement of Account (SoA) format. This means they will be issued in physical form and not in demat form.
Please Note: Existing INDmoney investors who already have a Demat account do not need to take any additional steps.
Our integration with BSE StARmf will not impact your existing Mutual Fund investments. You can continue to access them on INDmoney. Your Direct Mutual Fund units will remain in a statement of account (SoA) form and will not be dematerialised.
Incase of any doubt or clarification, write to us at mfsupport@indmoney.com
Will this impact my existing Mutual Fund investments?
No, your existing Mutual Fund investments on INDmoney’s platform will not be impacted. You will be able to continue to manage them as before. The way your Direct Mutual Fund units are held will remain unchanged in a Statement of Account (SoA) form and will not be dematerialised.
What if I don't want to change my INDmoney Mutual Fund account?
If you opt out of this migration, you will not be able to make a new SIP or lumpsum investment on the INDmoney platform.
How can I opt out of this process?
If you opt out of this process, you will no longer be able to create transactions on our platform. If you still wish to proceed, you can reach out to our customer service team at mfsupport@indmoney.com.
What are the benefits after the process is completed?
You will be able to create transactions as before on our platform. You will also gain access to enhanced features and a whole new Direct Mutual Fund experience on the INDmoney app.
Additional Features includes:
- Access to a new and improved payment experience.
- Create SIPs with UPI Autopay eliminating ECS charges in case of installment failure.
- User friendly features such as Mutual fund Baskets, portfolio analytics etc