Transactions & Payments
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 ...
From where can I download my Capital Gains statement for the financial year?
We compute your capital gains statement for the financial year and provide it to you under Profile > Investment History > Reports. Here you will find all the 3 reports that may be required by you to provide to your tax accountant during tax filing ...
What are the applicable taxes on Mutual Funds?
Equity mutual funds are those funds that invest 65% or more in equity shares of listed Indian companies. All other funds are categorised as Non-equity mutual funds and include debt funds, gold funds, fund of funds and international funds. Taxation ...
Is it mandatory to link Aadhaar with PAN?
Yes, absolutely! As per notice provided by CAMS to all online distributors, recent amendments to the Income Tax Rules (detailed extract given under) makes it mandatory to link Aadhaar with PAN, on or before 30th Sep 2021 (previously 30th Jun 2021), ...
How do payments via AutoPay work? When will my money get debited from my bank account?
AutoPay, as the name suggests, is the payment method we use once your mandate is approved, to facilitate the transfer of funds from your bank account to the mutual fund company. By selecting the AutoPay option on the Glide Invest app, your money will ...
What are the limits on UPI transactions?
UPI transaction limit is Rs 1 lakh per transaction, as set by NPCI, the RBI regulated entity that built UPI. In addition to this, transaction limits can be categorised as follows: Transaction amount limits (i.e the maximum amount of money that can be ...
What are the cut-off times for transactions?
We have partnered with BSE Star for transacting in mutual funds. All online transactions sent to BSE Star are routed through the bank accounts of the Indian Clearing Corporation Limited (ICCL), from where they are routed to the respective bank ...
Will I get notified if there’s a transaction failure?
Yes, you shall get notified about any transaction failure via email and/or sms. While we keep a constant lookout for failed transactions, we encourage you to contact customer support in case of any failures.
Where can I find details about my transactions?
You can check updates on your transactions in the notification section in your profile. You will also get notified about your transactions through emails and SMS. You can download your transaction history from Profile > Investment History > Reports.
Can I make a lumpsum investment through my bank mandate?
Yes. Please note that trade will occur the next business day and you will get units at the following business day’s NAV.
Can I use Debit Card, NEFT, RTGS or IMPS to make payments?
No. Unfortunately we do not support payments by these methods. For now we only support netbanking, UPI and bank mandate for investments. Debit card method cannot trace the details of account holder. Funds can be added through a third party account. ...
Money has been deducted from my account but no units have been allotted yet?
Mutual funds follow a T+2 days settlement cycle. For AutoPay orders, your order first gets placed with BSE Star on T. On T+1, the order is picked up by the payment system. On T+2, the payment is deducted from your account. On T+3, the units are ...
I missed my payment! My payment failed! Please Help
When an order is placed on our app, our partner BSE Star gives our customers time until the next working day 9:30am (T+1 9:30am) to complete the payment. In the meantime, it goes ahead and places a Provisional Order with the AMC. The AMC takes this ...
What happens to my money after I invest?
Glide Invest will facilitate the transfer of money from your bank account to the respective fund as soon as you make the transaction. Your money never touches our bank account. Glide Invest platform allows you to track all your investments in both ...
Why can’t I invest using a credit card?
Indian regulations do not allow for investments in mutual funds using loans/credit facilities. Using a credit card is akin to paying with borrowed money. Only verified bank accounts are allowed for mutual fund transactions.
What are the payment methods at Glide Invest?
Through the Glide Invest app, you can pay for your investments via Netbanking, UPI and bank mandate.
Why does Glide Invest use only online payment methods?
Going online only allows us to save on expensive infrastructural as well as administrative costs, allowing us to serve you better without charging exorbitant fees or sneaking in hidden charges and commissions. All this boomerangs into savings that ...
I don’t have Netbanking on my bank account. Can I still invest?
Yes, you can still pay through your UPI or bank mandate. Once your mandate is set up, you can even make lumpsum investments with your mandate. The bank mandate will allow us to deduct the amount from your bank account on the date mandated by you.
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 are your charges and fees and how are you compensated?
Glide Invest is a distribution platform for Direct Plans of Mutual Funds. Hence, we don't take any fees from our investors for transacting directly in Mutual Funds through our platform. We also don't take a kick-back from the Mutual Fund house ...