Miscellaneous
What are the best tax savings options for salaried employees?
There are numerous ways in which salaries employees can utilise tax savings benefits. Here is a list of optimal tax savings options for them: Use EPF, Home Loans and/or ELSS Funds to max out the Sec 80C benefits. Note that the max total benefit ...
Why are we switching from Bharat Bond FOF to Motilal Oswal 5yr GSec FOF in our goal-based portfolios?
From March 2022, we will be replacing the Bharat Bond FOF mutual fund in our portfolios with the Motilal Oswal 5yr GSec FOF mutual fund. From the perspective of goal based investing, the key reasons for the switch are as follows: Fund ceases to exist ...
How do I update my bank account details if they have changed due to bank merger?
There has been a series of bank mergers since 2019/20. Given below is the list of merged banks and associated changes. # Erstwhile Bank Merged Bank Changes 1 CORPORATION BANK UNION BANK OF INDIA No changes to A/c Number; Changes only to IFSC code 2 ...
What is the difference between Sovereign Gold Bonds, Gold ETFs and Gold Mutual Funds?
Jewellery is not viewed as an investment because the sentimental value takes precedent and it is considered for sale only in dire circumstances. Moreover, GST is levied on making charges. Sovereign Gold Bonds (SGBs) and Gold ETFs, are a low-cost way ...
I wish to gift my mutual fund units to my children or someone else. Can I do the same?
As per SEBI regulations, mutual funds cannot be transferred through a Gift Deed to anyone. However, if you would like to gift mutual fund units to someone, you will either have to bequeath the units to the person whom you want to gift through a Will ...
How can I bring my current funds to your platform? Can I map them to my goals?
You cannot transfer or migrate your funds from one platform or advisor to another. Your best alternative is to STOP investing on those platforms and setup new SIP orders in Funds or setup new Goals on Glide Invest. Look at it as an opportunity to: ...
How safe are my documents in the document repository?
The document repository feature was launched in January 2021 to make it easy for you to keep all your key financial and KYC documents in one place. This feature ensures that documents uploaded are encrypted and stored on our servers. Only you have ...
Funds I want to invest in are missing. How do I invest in them?
At Glide Invest, we plan to make the direct plans of mutual funds from all 41 fund houses available on our platform. We are still in the process of signing up with various fund houses. Please be patient while our team works tirelessly to get every ...
How can I trust you not to misuse my mandate, bank account and other information?
Your bank mandate is a detailed and binding legal document which authorises us to do tasks only as per your instructions. We cannot do anything else outside of your authorised instructions nor will your bank allow for any unauthorised transaction to ...
Will Glide Invest have access to my bank account?
No, we do not have any access to your bank account. We are just the links between your bank account and the mutual fund house. Please note that we use BSE for reporting the transactions to the AMCs. When you purchase units of mutual funds, we ...