Moneyfy App by Tata Capital

Moneyfy App is a online investment platform which is managed by Tata Capital, it’s a one stop online solution for mutual funds & SIP investments, Equity , Fixed deposits , insurance and credit cards etc. In nutshell, you can manage all your investments & finances through Moneyfy App. It simplifies your investment journey with few touches only.

Nowadays, people are investing in mutual funds and SIPs and they are allocating their funds to different companies through different platforms or their respective online website or apps. But, you can invest directly in one mutual fund or wide variety of mutual funds through Monefy App. You can view and manage your entire mutual fund portfolio from here at Moneyfy App very smoothly.

Benefits of Moneyfy App

No Platform / subscription fees.

Tax benefits under section 80 C.

Opportunity to earn good returns through investment.

Hassle free investment journey.

100% digital interface with a personal touch from an expert relationship team.

Whom to invest in Mutual fund

Age : 18 years & above.

Indian Residents.

Salaried or self-employed individuals.

Its available for all locations in India.

PAN CARD

Address proof documents – Aadhaar card/driving license/ voter card/passport.

Bank Account – account number and IFSC Code.

Live Selfie and Video KYC.

How can you open the account

Upon clicking this link “Investment in Mutual Funds “ , you will be redirected to Moneyfy by the Tata Capital.

Here , you can create your account by filling your personal details line name, email id and then create 4 digit MPIN.

Create your account at monefy and submit the required KYC documents along with bank details.

For existing Mutual fund investors, this step would not be available as the Monefy would fetch their details on the basis of their PAN card directly.

After this , the investor must give e-sign consent to proceed to NSDL authorization. An OTP is received on the investor registered mobile number for this authorization.

Here , the investor gets KYC completion acknowledgement.

Select the Tax saver mutual fund that is Equity Linked Savings Scheme( ELSS) you want to invest your money in .

Make your Tax Saver Mutual Fund ( ELSS) investment through any of the available online payment methods.

Frequently Asked Questions

What is a mutual fund?

Here I am writing very easy definition of mutual funds by this anyone can easily understand about mutual funds.  It’s a collection of money at very large scale( you can say this money pooling as well ) by entities  or Company for common investment objective and after collecting the money by investors they invest all moneys further in stocks, securities and bonds to generate good amount of RoI . Companys and entities  that offer mutual funds in India are known as Aseet Management Companies.

How to invest in an ELSS Tax Saver fund without a Demat Account?

A Demat account is not required to invest in the mutual funds .You can take the help of mutual fund distributor or broker to invest in mutual funds. You can make your payment against mutual funds with the help of net banking or UPI

How to invest a Lump Sum in Tax Saver Funds ?

If you want to make a lump sum investment in the mutual funds then you can first select the ELSS mutual fund and make the payment online through Moneyfy App. You can also invest lump sump amount into the mutual fund through offline with the help of mutual fund distributor. But keep one thing in mind before any mutual fund investment is that your KYC should be verified .

How to invest in ELSS tax Saving mutual funds through SIP Online ?

As you already know that SIP stands for Systemetic Investment Plan which allows you to invest fixed amounts in mutual funds on regular basis , most probably monthly.SIP is the best method for long term wealth creation through mutual funds. You can start your SIP in an ELSS fund for the minimum amount of Rupees 500 per month.To start invest in ELSS SIP , first you can Download the Moneyfy App promoted by Tata Capital. After that you can create the investment account by completing the KYC. Once KYC done , then you will choose the mutual fund scheme you want to start a SIP. After that you enter your bank account details and the SIP amount to set up auto debit and also choose the date when amount will be debited every month.

What are the documents required during the onboarding journey ?

Kindly keep the Original PAN Card and for address proof anyone of Aadhaar Card/ Drving License/Voter Card or passport are required, in addition bank details and live selfie during the on –boarding Journey.