FAQ

Mutual Fund

What does the NAV of Mutual Fund mean?

NAV is short for Net Asset Value, which is the mutual fund’s per-share value. It is the amount you pay or get when you buy or sell a mutual fund share.
When NAV is updated?

It updates every day between Monday to Friday after the market closes to reflect the fund's current value.
Why should I add a nominee to my Mutual Fund?

Adding a nominee to your Mutual Fund makes it simpler and faster to transfer your investment to your chosen nominee if something happens to you. It's a way to ensure your investments are easily passed on to the person you choose, without complications.
Can I save tax if I invest in Mutual Fund in India?

Yes, by investing in specific Mutual Fund like ELSS (Equity Linked Savings Scheme), you can save on taxes. These investments qualify for tax deductions under Section 80C of the Income Tax Act, helping you reduce your taxable income.
What is NFO in Mutual Fund?

An NFO, or New Fund Offer, is the first time a new mutual fund scheme is offered to the public.