FAQs

How do I start my investments through Midas Money?

Please seek an appointment for an interactive meeting in order for us to understand your needs and accordingly we will recommend investments.

How do you provide advisory services for registered investors?

Personalised monitoring of your investment, regular updates via WhatsApp and mail, satisfying your queries related to investment and above all helping you grow your wealth are some of the key services being provided to the registered investors.

How you select mutual fund schemes?

We consider many aspects before selecting a mutual fund scheme. This also include our own research and different parameters. We study many of these criterion for selection of a scheme.

What documents are required for investment?

Know-Your-Customer (KYC) has been made mandatory for everyone who wish to invest in mutual funds. You will have to submit your KYC application with copies of Permanent Account Number (PAN) and Aadhar card, which will serve as a proof of your identity and address proof. These three documents need to be submitted along with your application for the first time investment in mutual funds.

Can I invest in cash?

We accept only cheques, RTGS or online payments for MF investments.

I am a first time mutual fund investor. Can I start my investment without a PAN card?

Investor can invest without a PAN card below Rs 50,000 but you need to provide an identity proof for your investment.

Can I do online investments in mutual fund through Midas Money?

Yes, you can invest online in mutual fund through us as we will register you on the National Stock Exchange Mutual Fund (NSE-MF) platform for online transactions.

Can NRI invest in Mutual Fund?

NRIs can invest in mutual fund through their NRE/ NRO account.

Is there any lock-in period for my MF units?

There is no lock-in period for open-ended funds. However, tax saving (ELSS) funds, are three-year lock-in period.

Should I invest in direct stocks or invest through mutual funds?

Investing in stock yourself is an option but it needs a lot of efforts. From collecting all relevant data necessary to make the right investment decision to accessing the research reports and analytical tools that help to define investment strategy might take much of your time. For us, it makes sense to let expert fund managers do the job for you. Save time and earn more.

Can I invest in bond and CO FD through Midas Money?

Yes, you can invest in selected highly rated CO FDs, 7.75% GOI Bonds and 54 EC Bonds.

I am retiring in two months, can you do retirement plan for me?

Yes, we offer special investment guidance after you receive your retirement fund because our advice today may not be relevant in two months’ time due to change in interest rate, market fluctuations, taxation changes, etc.

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