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BlinkX Mutual Fund Review 2024

Rated 3.5/5 by InvestorGain Team
BlinkX Mutual Fund Investment

BlinkX is a one-stop shop for all your investment needs, be it stocks, derivatives, IPOs, mutual funds, bonds, etc. If you have a demat account with BlinkX, you can invest in mutual funds through the BlinkX Wealth App.

BlinkX Wealth platform has 4000+ mutual fund schemes available from 40+ fund houses. You can start a SIP or invest lumpsum money in any scheme of your choice.

Here is a complete guide on how to invest in mutual funds online with BlinkX, brokerage fees, how to do SIP in the BlinkX Wealth app, and more.

BlinkX Mutual Fund Demat Account Charges

To invest in mutual funds, you must open a BlinkX-Demat account to hold the mutual fund holdings.

BlinkX Mutual Fund Demat Charges
Particulars Charges
BlinkX Demat Account Opening Charges Free
BlinkX Demat Account AMC Rs 300 (Free for 1st year)

BlinkX Demat maintenance fee is charged quarterly. Thus, you will be charged with Rs 75 every quarter + 18% GST.

BlinkX Mutual Fund Brokerage

Zero charges!

Yes, BlinkX does not charge brokerage fees for investing in mutual funds. Every BlinkX user can invest in mutual funds for free without incurring any transaction fee.

Only a demat management fee of Rs 75 per quarter + GST is charged.

BlinkX Mutual Fund plans: Direct or Regular

There are two types of mutual funds: direct and regular funds. At BlinkX, the platform only offers regular mutual funds, direct plans are not offered.

BlinkX Mutual Fund Platform

BlinkX Wealth is a dedicated mobile platform for investing in mutual funds. You will find over 4,000+ mutual funds from 40 asset management companies.

All major mutual fund companies like HDFC, SBI, Aditya Birla Sun Life, Nippon, Axis, Tata and ICICI are available on the BlinkX Wealth app.

The user-friendly BlinkX Wealth app offers a hassle-free investment experience in mutual funds of your choice. The app is available on the App Store as well as the Play Store.

BlinkX Wealth Mutual Fund App Features

  • Invest in mutual funds at your fingertips
  • 40 fund houses and 4,000+ mutual fund schemes
  • Paperless investment process via UPI, net banking, or NEFT
  • Start monthly SIP with as low as Rs 100
  • Invest lumpsum money in any mutual fund of your choice
  • Track your mutual fund portfolio anytime at ease
  • Invest in ELSS tax-saver funds and save tax upto Rs 46,800 a year
  • Best mutual fund recommendations from experts
  • Invest in other products like corporate FDs, insurance, SGBs, NCDs and Plan for your Health with Wellness and Health insurance.

BlinkX Mutual Fund SIP

SIP is the most convenient way of investing in mutual funds where a fixed amount is invested at regular intervals, e.g. monthly, quarterly, or half-yearly. You can start a SIP with a minimum amount of just Rs 100 per month in any mutual fund scheme.

Steps to start SIP in BlinkX Wealth App;

  1. Log in to the BlinkX Wealth App.
  2. Select your choice of scheme using the search option.
  3. Tap on investment and select the “Start SIP” option.
  4. Enter the amount, date and SIP tenure.
  5. Confirm the order and pay the first installment using UPI, net banking, or NEFT.
  6. Enter required details like virtual payment address (UPI) or net banking credentials.
  7. Once payment is successful, your SIP investment is done!
  8. Register auto-pay mandate to get your upcoming SIPs debited automatically from your linked bank account.

BlinkX Mutual Fund cut-off time

Cut-off time in mutual funds is of special importance as it is the basis for the allocation of mutual fund units to investors.

The cut-off time is different for the various categories of mutual funds like equity and debt mutual funds.

For transactions made in liquid and overnight funds, the cut-off time is 1:00 PM however, for all other categories of mutual funds (equity, hybrid, and other categories of debt funds) the cut-off time is 2:30 PM.

If you have placed any mutual fund transaction before the cut-off time, the same day’s NAV will be applicable whereas for all transactions received after the cut-off time, next day's NAV will be applied for the allocation of mutual fund units.

BlinkX Mutual Fund Research

BlinkX by JM Financial offers you mutual fund research services.

In the BlinkX Wealth app, you’ll find Top Rated Funds, Top Tax-saver Funds, popular wealth-creation funds, and many more research fund categories.

BlinkX Mutual Fund Pros

  • Plenty of schemes are available on the BlinkX Wealth platform
  • Invest in NFOs (New Fund Offers)
  • Tie up with 40 AMC
  • Multiple investment options; SIP, lumpsum, STP, SWP, Switch etc.
  • Paperless and hassle-free investment process
  • Craete /cancel SIP anytime online
  • Purchase or redeem mutual funds anytime, anywhere
  • Invest in ELSS (Tax-savings) funds and save upto Rs 46,800 tax a year
  • Track equity and mutual fund investment portfolio anytime anywhere
  • Invest in expert-recommended mutual fund schemes

BlinkX Mutual Fund Cons

  • Demat account is mandatory
  • Does not offer direct mutual funds

BlinkX Mutual Fund Customer Care

To invest in mutual funds or a Wellness and Health insurance plan you have to download BlinkX Wealth App

BlinkX mutual fund customer care
BlinkX mutual fund helpline number 022-45812222
BlinkX mutual fund customer care email [email protected]

The customer service team is available from Monday to Friday from 9:00 AM to 6:00 to answer your concerns or queries. Alternatively, you can also tap on the request for callback option in the BlinkX Wealth app and the customer care representative will get back to you soon.

Request call back from BlinkX

FAQs

Yes, BlinkX Wealth is the mutual fund app offered by BlinkX. There are more than 2500 schemes available on the platform to start a SIP or invest lumpsum money.

The platform is available on the play store and App store for iPhone, iPad, and iPod devices.

 

  1. Log in to the BlinkX Wealth App.
  2. Search for the desired fund.
  3. Click on the “Invest” option.
  4. Enter the amount you wish to invest in.
  5. Proceed to pay the lumpsum investment amount via desired payment mode.
  6. You have successfully invested and units will be allotted as per the cut-off time.
  7. You can track your mutual fund holdings in your Demat account within 2-3 days.

 

STP stands for Systematic Transfer Plan wherein a fixed amount is transferred periodically from one scheme to another mutual fund. BlinkX users can do STP in any mutual fund on the BlinkX Wealth App. However, you can only switch between funds from the same fund house.

Here are the steps to do STP in BlinkX Wealth mutual fund app:

  1. Log in to the BlinkX wealth app.
  2. Go to the Portfolio section and tap on the dropdown option respective to the fund you wish to switch out from.
  3. Select switch option and in the order window, select the another scheme, you want to switch to.
  4. Slide the STP option and place the order.
  5. Your STP setup process is done!

 

No, BlinkX does not offer direct mutual funds for investment. BlinkX users can only invest in regular mutual funds. Customers can do a SIP or invest lumpsum money in their choice of mutual fund available on the BlinkX platform.

 

Last Updated on 2024-04-02