Frequently Asked Questions
Answers to the most common questions about mutual funds, SIPs, taxes, and investing with Myfolios.
A mutual fund is an investment vehicle that pools money from multiple investors and invests it in equity, debt, or hybrid securities on their behalf. A professional fund manager handles the portfolio, and investors own units of the fund proportionate to their investment.
A SIP (Systematic Investment Plan) invests a fixed amount monthly, averaging out market volatility via rupee-cost averaging. A Lumpsum is a one-time investment of a larger amount. SIP is best for salaried investors and volatile equity funds. Lumpsum works well when markets are low or when you have a windfall and a long horizon.
Most mutual funds in India allow SIPs starting from ₹500 per month. Some funds even accept ₹100 SIPs. There is no upper limit. Use our SIP Calculator to see how much your chosen amount could grow over time.
Yes. Myfolios is operated by Atul Shrivastava, an AMFI-registered Mutual Fund Distributor (ARN: 145870). Your money never goes to Myfolios — it is invested directly with the Asset Management Company (AMC) via BSE StAR MF / NSE NMF-II platforms. Your units are held in your own demat or folio, protected by SEBI regulations.
ARN (AMFI Registration Number) is a unique identification issued by the Association of Mutual Funds in India (AMFI) to every authorised mutual fund distributor. It confirms the distributor has passed the NISM VA certification and is licensed to sell mutual funds in India. Myfolios operates under ARN: 145870.
Log in to your Myfolios client portal or the AMC's website, select the scheme, enter redemption units or amount, and submit. Money is credited to your registered bank account within T+1 to T+3 working days depending on the fund type (liquid: T+1, equity: T+2/3, ELSS: only after 3-year lock-in).
Equity funds: Short-term capital gains (held < 1 year) taxed at 20%; Long-term capital gains (> 1 year) taxed at 12.5% above ₹1.25 lakh per year. Debt funds: All gains added to your income and taxed at slab rate (post-April 2023 rules). ELSS funds enjoy Section 80C deduction up to ₹1.5 lakh but have a 3-year lock-in.
NAV is the per-unit price of a mutual fund on any given day. It is calculated as (Total Fund Assets − Liabilities) ÷ Number of Outstanding Units. NAV is updated once daily at end-of-day for most funds. Use our live NAV Checker to look up today's NAV of any Indian scheme.
Yes. Our onboarding is 100% paperless. Complete e-KYC with PAN + Aadhaar (OTP-based), set up a bank mandate (e-NACH), and start your first SIP within minutes. All statements, NAVs, and redemptions are handled digitally.
Direct plans have a lower expense ratio (~0.5-1% saving) but no distributor advisory. Regular plans include distributor commission and include ongoing support — fund selection, rebalancing, tax-loss harvesting, goal tracking. For DIY investors with strong research skills, direct works. For most investors wanting guidance, regular is more profitable net-of-mistakes.