Frequently Asked Questions.

The one-time process is digital and takes only a few minutes. All you need is the following:

• PAN Card image
• Address Proof image (Passport / Driving License / Voter ID)
• Canceled cheque image
• Signature image
• Passport photo
• Verification of OTP via a video recording (In only KYC non-compliant users)

You can start investing with just Rs. 100 every month, in Indian mutual funds (SIP).

Yes, you will receive confirmation on your email registered with us, from individual funds that are part of your portfolio when you invest in Mutual Funds.

Currently, we do not provide this option.

Since we don’t offer any plans for minors, currently, mutual fund investments can only be made by you for your child. You can transfer the money obtained from these funds from your account to your child’s bank account when he/she attains major status.

Yes, you can. If you want to stop investing on a monthly basis you can send a ‘Stop’ request to us on the app itself. We will initiate with the respective mutual fund and get your payments stopped. Since this process may take a few days, your next SIP payment may be processed before the SIP is canceled. So please take the processing time into account, when you cancel your SIPs.

Please visit our pricing page for more information

At EduFund, you have complete control over your assets. The money you invest goes directly to the AMCs. If EduFund is no longer in business, your money will remain with the AMCs unless you wish to redeem, which you can directly do at any time.

If the transaction failed, then the money will get reversed to your bank account. This is done automatically and should happen in 24-48 hours. In the rare case that the amount does not reflect in your account, you can get in touch with your bank to get the issue resolved.

Redemption option is available on the app for mutual fund SIPs. Every mutual fund will have a different timeline for processing redemption requests.

The investment advice provided on the EduFund platform is by a Registered Investment Advisor (RIA), licensed under Securities and Exchange Board of India (SEBI).

Unlike other goal-based platforms, EduFund is an advisory app, focused on education. Our proprietary investment algorithm offers customized investment options based on your goals. Navigate through the rising costs of education with the EduFund College Calculator. To give you a realistic estimate, our unique College Calculator takes into account many important factors like-

• Inflation rate
• Country you choose
• Degree or preferred Program
• Preferred University

Additionally, you can track your progress and celebrate milestones using our app.

If you want to give your child a future full of opportunities, having a dedicated corpus foryour child’s education is important. EduFund gives you personalized investing options based on your child’s education goals.

Yes, it is legal to invest abroad. As per the RBI’s Liberalized Remittance Scheme (LRS) guidelines, an Indian resident can remit up to USD $250,000 abroad on an annual basis, without requiring prior approvals from any government agency. The LRS specifies the countries that you can send money to or spend in and also the types of activities that are permitted. You can invest in shares/debt instruments within the mentioned limit.

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An exchange traded fund (ETF) is a collection of assets —such as stocks—that often tracks an underlying index, similar to an index mutual fund. However, ETFs can be traded on stock exchanges like stocks unlike MFs that only trade once in a day. ETFs may use various strategies and offer different options to investors, but the most popular ones are the ones that are built based on the composition of an index. E.g. – NIFTY50 and NASDAQ-100 Index-Tracking Stock.

The dollar has consistently shown good performance against various currencies, worldwide. Investing in dollars improves your chances of getting higher returns, over a 15-20 year period, compared to investing all your money in rupees. So, returns in dollars, will help you in sending your child to the best colleges, globally.

Yes, you can now diversify your portfolio with the EduFund app. You will be able to invest in US dollars into US Markets where your returns too would be in dollars.

You can fund your US brokerage account from your Indian bank account. We assist you in the entire process of setting up this account from start to finish, without any hassle. You can start investing abroad from the comfort of your home.

An Indian bank account is all you need. You don’t need an overseas bank account to invest in ETFs. In the case of ETFs based in the US, you will need an account with a US broker-dealer and we will help you set it up, easily.

No, you only pay tax in India, as per the government regulation on the instrument you are investing in. This is applicable to all your investments – Indian and foreign unless you are an NRI residing outside the country. It is highly advisable to speak to your tax advisor too who would be aware of any specific tax clauses that may be applicable to your specific circumstances.

The best time to start planning is now. The sooner you start investing the better it is. Even small investments you make every month, grow significantly over a period of time.

EduFund gives you access to highly-experienced and reputed counsellors who will personally guide your child and clear any confusion. Login to the EduFund app and schedule a session with an expert counsellor of your choice.

At EduFund, we value your trust over everything. Your account is protected by state-of-the-art security measures. Transactions made through the app are done with 128-bit SSL security. With bank-grade security in place, your data with EduFund is completely safe.