Upstox Mutual Fund Investment 2024

Yes, Upstox is a great platform for mutual fund investment. Below are some of the key benefits of investing in Mutual funds through Upstox.

• Zero cost investment in direct mutual funds.
• No need to open Upstox Mutual Fund Account.
• Single Upstox Demat account to keep shares and Mutual Funds.
• You can invest in any of the mutual funds out of 2000+ available mutual funds.
• Both SIP and Lumpsum types of investments are allowed.
• Paperless mutual fund investment on the Upstox Pro Web and App.
• No minimum investment required in Upstox Mutual Fund Account.

Yes, Upstox accepts direct mutual fund investment at 0 brokerage charges from its clients. The direct funds of 28+ AMCs like Axis, ICICI, SBI, HDFC, Reliance, Tata, etc. are available on the Upstox MF platform. It provides paperless MF investment and transfers mutual fund holdings to the Upstox Demat Account.

There are almost 2000+ Mutual funds available in Upstox to invest. The platform is free for investment into any mutual fund. However, you need a Upstox Demat account to buy the Mutual funds. Follow the steps below to learn how to buy Mutual funds in Upstox.

• Visit Upstox Mutual Funds and enter your login credentials.
• Go to the “ Mutual Funds” section.
• Search for the Mutual funds you want to buy and click on it.
• You can “Start Monthly SIP” or “Invest one Time.”
• Once you decide the type of investment you want, you can enter the amount, dates, Bank details, etc.

The amount will be deducted from your bank account and invested as per your selected plan.

Upstox Pro Mobile app is an all-in-one app for investment in stocks and mutual funds. Customers can log in to the Upstox Pro app using their Demat account credentials i.e. client ID and password and invest in direct mutual funds of their choice.

You can visit the Upstox Mutual fund platform through this link. You can tailor your searches by using various filtering tools that are available on the website. Below are some filters that can be used for this purpose.

• Fund House: There are various Mutual Fund offering companies such as Aditya Birla Sunlife, Motilal Oswal, Mirae, Axis, UTI, etc. You can choose your preferred fund house from here and proceed with the search.
• Fund Category: You can choose the type of asset class in which you want to put your investments. The available fund categories are Debt, Equity, Commodity, Hybrid, etc. These categories are again divided into many sub-categories. This will help you create a diversified Mutual Fund Portfolio.
• Fund Risk: The Return comes with the Risk. If you choose the highest return funds, that would be equity but also contains the highest risk. So, according to your age and risk appetite, you can filter the stocks from “Low” to “Very high”-Risk.
• Minimum Investment: When you start investing in a Mutual fund, you can start investing from as low as 100Rs in SIP and 1000Rs in lumpsum investments. There is a filter called “Minimum Investment,” which can filter out the stocks as per your selected range.
• Lock-In period: Some funds are there that you can’t redeem(exit) once invested for a certain pre-determined period. Ex- Most of the ELSS funds come in this Category. Holding a mutual fund for a longer time gives better capital appreciation. So a lockin period is beneficial for both investors and the Fund house. You can use Lockin Period as a filter to find funds having 0 to above 3Yrs of lock-in duration.

Upstox Pro app allows investment in direct mutual funds for Free. The mobile app is downloadable on Android and iOS devices from the Google Play Store and the App Store.

Steps to purchase Mutual funds through Upstox;

1. Download and log in to the Upstox Pro Mobile App.
2. Go to the “Menu” tab and click on the “Mutual Funds” option.
3. Search and click on the fund, you want to invest in.
4. Click on the “Start SIP” or “One Time” option for SIP and lumpsum investment.
5. Enter the amount of investment, SIP frequency, date, and submit the order.
6. Upon successful payment of the investment amount, investment in mutual funds is done!

After you complete the online bank mandate registration process, it can take around T+7 working days for the mandate to be approved. The Upstox team will verify the signed mandate and send it to BSE for registration. The offline mandate can take up to 25 working days to get approved depending on the bank you want to register with. Upstox doesn’t charge anything for registering the bank mandate. However, the bank might charge a one-time fee for registration.

You can cancel or stop your mutual fund SIP investment in Upstox anytime as per your requirements through the below process;

• Visit Upstox Mutual Fund
• Click on “MF Portfolio”
• Go to the “SIP” tab and click on the Mutual fund for which the SIP is active.
• Now click on the “Cancel the SIP” button.
• Click “Confirm.”
• You will see a pop-up of “Cancellation Successful.”