Upstox Mutual Fund Investment (Start SIP Process, Charges, and More)

You can cancel your IPO bids in Upstox during the IPO window (10 AM to 5 PM)

• Log in to the Upstox app
• Select the IPO
• Tap on Timeline or Summary
• Click on Cancel Application
• Tap “Yes, Cancel” option to confirm the order cancellation.

Note: IPO applications in HNI cannot be cancelled.

Fetch your external mutual fund investments on the Upstox Pro app in just 30 minutes.

1. Log in to the Upstox Pro mobile app.
2. Click on the Account tab, switch to Upstox for investors.
3. Tap on Import mutual funds.
4. Enter your mobile number and email ID.
5. Verify with OTP.
6. The external MF investment will be fetched.

You can stop or cancel your SIP anytime in Upstox. If you no longer want to invest regularly in any scheme, it’s better to stop your SIP.

• Log in to Upstox app.
• Switch on Upstox App for investors tab.
• Click on Mutual Funds – Portfolio – Investments.
• Tap on the SIP option to view all active SIPs.
• Select the scheme.
• On the top, click on the Stop SIP option.
• Confirm the stop SIP request and your SIP will be stopped.

Note:

• You cannot stop SIP for the next SIP, which is due in next 7 days.
• You can also pause your SIP investment in Upstox. The pause option is available near to the Stop option.

You can sell or redeem mutual funds online in Upstox app. You can withdraw a partial or full amount and/or MF units. Steps to sell mutual funds in Upstox:

1. Log in to the app.
2. Access your MF portfolio: Discover – Portfolio – View Investment
3. Choose the scheme: Select the scheme you want to sell.
4. Click on the Redeem/Sell button.
5. Enter units or amount: You can redeem MF investment either by the number of MF units or amount.
6. Review the MF redemption order and confirm.
7. Enter CDSL T-PIN authorization
8. Complete OTP verification sent to your registered mobile number and email ID
9. That’s done! Your redemption request is successfully placed and you will get the funds credited in your registered bank account.

Follow the steps below to check your mutual fund investment with Upstox:

1. Log in to the Upstox app.
2. Find mutual funds option under the Discover option.
3. Click on Your portfolio – Investment
4. The page will show all your Upstox mutual fund investment.

You can buy SIP in Upstox mutual fund in just a few clicks using its mobile app or via web portal. Follow these steps:

1. Log in to your Upstox account.
2. Navigate mutual funds – select a mutual fund.
3. Tap on SIP option.
4. Enter the SIP amount, specify SIP date, and submit
5. Pay the 1^st SIP via UPI or net banking.
6. Track your mutual fund investment under the portfolio.

Once you’ve set up SIP, set up e-mandate (auto mandate) to debit your next SIP installment automatically from your bank account.

No, Upstox does not charge any brokerage on buying mutual funds through its platforms.

Upstox account holders can purchase any direct mutual fund scheme/s for free, but when you sell or redeem mutual fund investments, DP charges of Rs 18.50 + GST are charged.

Yes, Upstox is good broker for investment in mutual funds with many features like:

1. Cost-effective: Brokerage charges = Zero, MF Platform fee = Zero
2. Buy and sell thousands of Direct mutual funds online
3. Multiple schemes across categories and AMCs
4. Best platform: Upstox Pro web and app with ease of use
5. Hold stocks and mutual funds in your Upstox Demat account
6. Smooth mutual fund investment experience, particularly for beginners.

You can cancel or stop your mutual fund SIP investment in Upstox anytime as per your requirements through the below process;

• Visit Upstox Mutual Fund
• Click on “MF Portfolio”
• Go to the “SIP” tab and click on the Mutual fund for which the SIP is active.
• Now click on the “Cancel the SIP” button.
• Click “Confirm.”
• You will see a pop-up of “Cancellation Successful.”

After you complete the online bank mandate registration process, it can take around T+7 working days for the mandate to be approved. The Upstox team will verify the signed mandate and send it to BSE for registration. The offline mandate can take up to 25 working days to get approved depending on the bank you want to register with. Upstox doesn’t charge anything for registering the bank mandate. However, the bank might charge a one-time fee for registration.

Upstox Pro app allows investment in direct mutual funds for Free. The mobile app is downloadable on Android and iOS devices from the Google Play Store and the App Store.

Steps to purchase Mutual funds through Upstox;

1. Download and log in to the Upstox Pro Mobile App.
2. Go to the “Menu” tab and click on the “Mutual Funds” option.
3. Search and click on the fund, you want to invest in.
4. Click on the “Start SIP” or “One Time” option for SIP and lumpsum investment.
5. Enter the amount of investment, SIP frequency, date, and submit the order.
6. Upon successful payment of the investment amount, investment in mutual funds is done!

You can visit the Upstox Mutual fund platform through this link. You can tailor your searches by using various filtering tools that are available on the website. Below are some filters that can be used for this purpose.

• Fund House: There are various Mutual Fund offering companies such as Aditya Birla Sunlife, Motilal Oswal, Mirae, Axis, UTI, etc. You can choose your preferred fund house from here and proceed with the search.
• Fund Category: You can choose the type of asset class in which you want to put your investments. The available fund categories are Debt, Equity, Commodity, Hybrid, etc. These categories are again divided into many sub-categories. This will help you create a diversified Mutual Fund Portfolio.
• Fund Risk: The Return comes with the Risk. If you choose the highest return funds, that would be equity but also contains the highest risk. So, according to your age and risk appetite, you can filter the stocks from “Low” to “Very high”-Risk.
• Minimum Investment: When you start investing in a Mutual fund, you can start investing from as low as 100Rs in SIP and 1000Rs in lumpsum investments. There is a filter called “Minimum Investment,” which can filter out the stocks as per your selected range.
• Lock-In period: Some funds are there that you can’t redeem(exit) once invested for a certain pre-determined period. Ex- Most of the ELSS funds come in this Category. Holding a mutual fund for a longer time gives better capital appreciation. So a lockin period is beneficial for both investors and the Fund house. You can use Lockin Period as a filter to find funds having 0 to above 3Yrs of lock-in duration.

Upstox Pro Mobile app is an all-in-one app for investment in stocks and mutual funds. Customers can log in to the Upstox Pro app using their Demat account credentials i.e. client ID and password and invest in direct mutual funds of their choice.

Buy mutual funds in the Upstox app – For Traders version:

• Log in to Upstox account.
• Click on Discover – Mutual Funds – Explore.
• Select the MF.
• Select the SIP or One-time option, as per your choice.
• Enter the necessary details like amount and date. etc.
• Make payment.

Steps to buy mutual funds in Upstox app – for investors version:

• Log in to Upstox trading account.
• In the bottom, click on Mutual Funds – Explore.
• Choose any MF scheme.
• Select SIP or One-time
• Enter the investment amount and other required details.
• Make a payment.

Yes, Upstox provides access to direct mutual funds of different fund houses. The platform offers direct category of equity, debt, and hybrid mutual funds. There are around 40 AMCs available to choose funds from.

Upstox facilitate instant MF investment (purchase) and redemption (sell) process.