Maximize Your Returns: Invest in Mutual Funds with MoneyOnApp

Investing in mutual funds has never been easier or more efficient, thanks to MoneyOnApp. This innovative platform allows you to invest in top-performing mutual funds and Systematic Investment Plans (SIPs) quickly and effortlessly. With MoneyOnApp, you can make informed investment choices that yield substantial returns. Additionally, the Equity Linked Savings Scheme (ELSS) offers a unique opportunity to save on taxes while growing your wealth. Let’s explore how you can leverage this app to enhance your investment journey.

Who Can Invest in Mutual Funds and SIPs Online?

Anyone looking to achieve significant returns through long-term investments in mutual funds is eligible to use MoneyOnApp. Our streamlined, paperless process makes it simple to start investing in carefully selected mutual funds and SIPs online.

How to Start Investing in Mutual Funds (MF, SIP, ELSS)?

Getting started with MoneyOnApp is a breeze. Follow these three simple steps:

1. Create Your Profile: Sign up by providing essential details.
2. Select a Fund/Scheme: Choose from a variety of mutual funds that suit your investment goals.
3. Make Payment: Complete your investment using net banking.

What Information is Required to Create a Profile?

To create your profile on MoneyOnApp, you will need to provide the following information:

• PAN Number
• Name, Date of Birth, Mobile Number, Email ID, and Address
• FATCA Details
• Bank Account Information

Benefits of Investing in Mutual Funds

Mutual funds are versatile investment instruments that allow you to diversify your portfolio across various markets, including stocks, debt, commodities, and international assets. By investing in mutual funds, you can potentially achieve higher returns compared to traditional savings options.

Minimum Investment Amount for Mutual Fund SIPs

You can initiate your mutual fund SIP with a minimum investment of just Rs 1000 per month, making it accessible for everyone.

How to Save Tax by Investing in Mutual Funds?

The Equity Linked Savings Scheme (ELSS) is a mutual fund option that allows you to save income tax up to Rs 46,800 annually. These schemes come with a lock-in period of three years, making them a smart choice for tax-saving investments.

Understanding ELSS Mutual Funds

Investing in ELSS mutual funds enables you to save on taxes under Section 80C of the Income Tax Act. This makes ELSS a dual-benefit investment, allowing you to grow your wealth while reducing your tax liability.

Income Tax Rates and Mutual Fund Benefits

With MoneyOnApp, you can save up to Rs 46,800 per year by investing in ELSS mutual funds. Here’s a quick overview of the income tax rates:

• Income between Rs 2.5 lakh to Rs 5 lakh: 5% Tax
• Income between Rs 5 lakh to Rs 10 lakh: 20% Tax
• Income above Rs 10 lakh: 30% Tax

Mutual Funds Available on MoneyOnApp

MoneyOnApp provides access to a wide range of mutual funds from top Asset Management Companies (AMCs), including:

• SBI Mutual Fund
• Reliance Mutual Fund
• Franklin Mutual Fund
• HDFC Mutual Fund
• DSP Mutual Fund
• Axis Mutual Fund
• Aditya Birla Mutual Fund
• IDFC Mutual Fund
• Kotak Mutual Fund
• L&T Mutual Fund
• Mirae Mutual Fund
• Sundaram Mutual Fund
• Tata Mutual Fund
• UTI Mutual Fund
• Invesco Mutual Fund

Secure Investment with Leading Banks

Invest securely through MoneyOnApp with various banks, including:

• SBI Bank
• CITI Bank
• Yes Bank
• Kotak Bank
• Axis Bank
• Allahabad Bank
• Andhra Bank
• Bank of Baroda
• Bank of Maharashtra
• Central Bank of India
• Canara Bank
• IDBI Bank
• IndusInd Bank
• Indian Bank
• ING Vysya Bank
• Indian Overseas Bank
• Standard Chartered Bank
• South Indian Bank
• Vijaya Bank

Alternative Applications for Mutual Fund Investment in India

While MoneyOnApp stands out as a premier choice for mutual fund investments, other popular applications include:

• Angel Bee
• PayTM Money
• Fisdom
• Piggy
• Investica
• ET Money
• Groww
• Funds India
• My SIP Online
• My CAMS
• Scripbox
• Wealth Trust
• IIFL
• Zerodha Coin
• Cash Rich
• CAMS
• KARVY
• MoneyControl
• Value Research
• MorningStar