Mutual Fund
How to confirm if the SIP mandate from savings account has been processed
Upon completion of the mandate change process, you will get the confirmation on the submit page
What if the SIP amount is not maintained in a savings account on the SIP date. What will be the bounce charges ?
IIFL do not charge for bounce SIP transaction. You need to check with your respective bank for the same
What if the SIP is not debited from savings account for a particular month, will the same be continued for next month ?
Yes the SIP for the next month will continue to be debited.
How to confirm if the SIP mandate from savings account has been processed ?
Upon completion of the mandate change process, you will get the confirmation on the submit page.
How to change Mutual Fund (MF) SIP Mandate from Ledger to Savings ?
You can change the Mutual Fund SIP mandate from ledger to savings, following the steps below: Login via MF website -> Dashboard -> Holdings -> Ongoing SIP -> Mandate Action -> Change Payment Mode -> Tap on ‘Yes’ -> Choose existing mandate / create ...
I want to consolidate my mutual fund holdings across platforms. How can I do that?
We have enabled a unique feature "Transfer Holdings" on our platforms. Investors can transfer their holdings outside IIFL Securities to IIFL Securities with changes as applicable with a single click.
Can I get the MF redemption proceeds immediately?
Whenever redemption is initiated in a mutual fund scheme, the realization of funds to the investor is not immediate - in case of liquid funds the investor gets the funds the next business day; in case of other schemes the timelines could be even ...
How can I withdraw money from mutual fund schemes?
Investors can visit the MF portfolio section on the app or website, and initiate redemption/switch from the selected scheme(s). Investors should note that redemptions would entail capital gain/loss and would attract income tax as per prevailing laws ...
I have forgotten to allocate enough funds for my Mutual Fund SIP order. Is my order liable to be rejected?
Yes, the order will get rejected if you do not have sufficient funds in your account. Hence it is important for you to maintain the required balance in your bank account or IIFL Securities Ledger.
How do I differentiate between Mutual Fund SIP orders and lump sum orders in the order book?
Mutual Fund SIP orders and lump sum order book details are visible from 2 different reports. Through Mobile app: 1.Click->Menu->Invest 2. SIP orders can be tracked under the My SIPs section under Mutual Fund menu on the app, or under Portfolio >> ...
At what price will Client's Mutual Fund SIP orders be placed and where client can see details for the same?
Units will be allotted at closing NAV of the scheme on the SIP date or the applicable business date if the SIP date is a non-business day. You can view the details of all successfully placed SIP orders in your account in the normal Mutual Fund SIP ...
Is there a possibility that my entire Mutual Fund SIP order may not be executed at the exchange?
Yes ,processing of SIP order is subject to successful settlement of funds for the SIP amount. As IIFL Securities receives payment confirmation, all the SIPs will be executed. Hence we request our clients to maintain sufficient balance in their bank ...
When would IIFL place clients Mutual Fund SIP orders?
Once the SIP is registered, exchange triggers subsequent SIP on the cycle date. SIP order will be executed basis on the Payment. (Note. Maintain the amuont in bank at least 2 to 3 days prior of SIP date)
How many Mutual Fund SIP Requests client can place in a day? Is there a restriction on the number of Mutual Fund Schemes in which Mutual Fund SIP can be placed by a client?
Client can place multiple Mutual Fund SIP Requests in a day for different Mutual Fund Schemes or for the same Mutual Fund.
Can client place Mutual Fund SIP Request at any time during the day?
Yes. client may place Mutual Fund SIP Request at any time during the day and even post market hours.
Can I place Mutual Fund SIP request in any Mutual Fund Scheme?
Mutual Fund SIP requests can be placed in all mutual fund schemes available on BSE Star MF scheme master. Scheme Master gets updated as available in the BSE exchange. Every mutual fund scheme will have an objective, suggested investment horizon, risk ...
Do I need to login on every Mutual Fund SIP date to place the Mutual Fund SIP orders?
No, once you register a SIP request , basis of instructions Exchange will trigger the SIP orders on every SIP date, SIP will be executed on the successful SIP amount debit.
Can all clients of IIFL avail Mutual Fund SIP facility?
Yes, all active clients can avail the Mutual Fund SIP facility.
How client can cancel Mutual Fund SIP?
Yes, Client can cancel Mutual Fund SIP request by visiting the Mutual Fund SIP registration book under the Mutual Fund holding page of your online trading account. Guide client to login tohttps://mf.indiainfoline.com/MFOnline/Loginand visit Ongoing ...
How to buy Mutual Fund ?
To register a SIP online, you can follow the steps mentioned below: through IIFL Mobile App: Open the menu on IIFL Markets App. Click on Invest. Click on Mutual Funds. Select Buy MF/SIP. Click on Buy or sell. Fill in the required details, accept the ...