What is Insta Withdrawal ? How do I avail this facility?
Mutual Fund withdrawals typically take up to 2-3 working days to credit the amount back to your bank account. Insta-redemption is a facility by which you can withdraw upto Rs. 50,000 or 90% of your invested balance (whichever is lower), within 30 minutes, on any given day through the IMPS facility.
We recommend all our investors to start their investing journey with us by setting up an Emergency Fund
. We have partnered with ICICI to provide their Liquid scheme with a insta-redemption facility only
when you invest in an Emergency Fund through our app. This goal will only have "ICICI Pru Liquid Fund - Direct (Growth)" scheme in it, which is enabled with the insta-redemption facility. Our Emergency Fund
has several advantages:
- it is easily accessible through the app,
- it earns more than your savings account,
- there is not penalty on withdrawal (if you withdraw after 7 days of your investment),
- and is easily insta-redeamable into cash in your bank account within 30 min (upto Rs. 50,000 or 90% of the invested balance, whichever is lower).
Note: if you want to withdraw more than the maximum limit, you will have to go through a normal withdrawal process. Your funds will be credited back to your bank account in 1-2 working days (depending on the cut-off time of your order).
What is an Emergency Fund? How much is sufficient?
Life is full of unpleasant surprises, like a job loss, a medical emergency, or a natural calamity affecting you directly. These are the events that you cannot anticipate, and for which you might need a backup at any time. A sudden loss of income or ...
Can I invest via cash or cheque?
No, we are an app only platform and investments via cash. However, we are allowing cheque investments for values over Rs. 10 Lakhs. Please contact customer support in case you would like to deposit a cheque in a fund or a goal for this amount.
What is a Systematic Withdrawal Plan or SWP?
A Systematic Withdrawal Plan (SWP) is an intelligent way to withdraw money at regular intervals from large investments while you allow them to continue to grow with the market. With a SWP, you can predetermine an amount to be withdrawn monthly with ...
What are the changes in sell orders through Glide Invest?
IMPORTANT!!! Due to change in regulatory rules, please note the change of process for your SELL order. You will now receive an additional email on your registered email address directly from our partner BSE Star requesting you to select the folio to ...
How can I withdraw from Smart Portfolios?
You can withdraw your investments anytime. There's no lock-in and the withdrawal process is completely online. However, based on the mutual funds category, it might take 3-7 working days for the amount to get credited to your account. Just like Goal ...