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Upstox Mutual funds Review - Charges and SIP

Upstox is a discount broker company that offers various mutual fund schemes from almost 28 houses. All the schemes that are offered on the Upstox mutual fund platform are regular schemes. 2500+ mutual fund schemes from multiple fund houses are available in Upstox. Upstox mutual fund brokerage charges are Zero. Different Asset Management Companies (AMCs) have the different minimum investment requirement at the Upstox MF.

Upstox Mutual Fund Charges

There are no mutual fund charges in Upstox while buying Upstox mutual fund. Upstox Mutual fund SIP charges are also Zero. However, at the time of selling mutual funds ₹18.50 is charged by the CDSL. Upstox brokerage charges for mutual fund and Upstox charges for mutual fund transaction is Zero. There are no Upstox Direct mutual fund charges as Upstox does not provide Upstox direct mutual fund plan or schemes.

SERVICES

CHARGES

Upstox Mutual Fund Account Opening Charges

Nil

Upstox Mutual Fund AMC Fees

Nil

Upstox Mutual Fund Transaction Charges

Nil

Upstox Mutual Fund Commission

1% to 1.25% a year

Upstox Mutual Fund DP Charges

Buy - ₹0; Sell - ₹18.50


Upstox Mutual Fund platform offers regular mutual fund schemes. Mutual fund in Upstox provides the facility of investing in either through SIP or lumpsum mode of investment. Upstox direct mutual fund is not provided by them. This platform has easy and fast account opening services. Upstox customer is free to choose best mutual funds in Upstox as per their need from multiple funds for better returns. It provides mutual fund categories as per the risk appetite of investors. It provides the search filters and performance details to view potential returns of mutual funds.

Mutual Fund Account Opening

A customer does not need to open a separate account for mutual fund investments through Upstox. Upstox demat account is required to buy Upstox mutual funds. If you do not have an Upstox demat account, you are required to open demat account with Upstox in order to make Upstox mutual fund investment.

Upstox Mutual Fund Platform

Upstox for mutual fund offers a web-based mutual fund platform that makes mutual fund investing easy for its customers at a very low-cost. It is completely a free platform to invest in mutual funds. Mutual fund on Upstox does not provide any recommendations on mutual fund investment schemes. Each and every scheme available on this platform is open-ended; that means there is no restriction on the number of units purchased in the mutual fund. Upstox app for mutual fund is also available. Upstox old is a Upstox mutual fund app which also provides mutual fund investment facility.

Steps to start investing in mutual fund through Upstox MF platform:
1. Visit to the official website of Upstox.
2. Scroll down and click on Products and choose Mutual Funds.
3. Login to Upstox Mutual fund platform with Upstox Pro unique Client code and password.
4. After Upstox mutual fund login, you can access all the mutual fund schemes available on the platform.
5. Search the schemes available from “Search Funds” on Upstox MF platform.
6. Select the scheme and enter the amount you are planning to invest.
7. Add the Mutual Fund scheme to your MF account.
8. You can choose either “Start SIP” or “Buy Fund” for lumpsum investments.

Upstox Mutual Fund SIP

A Systematic Investment plan (SIP) is an organised and disciplined way to invest in a certain amount at regular intervals to fulfil your financial goals. If you are investing for the first time via Upstox mutual fund platform for SIP, it is compulsory upload or send an Upstox mutual fund mandate form to Upstox. This mutual fund mandate is also called ECS mandate.

Upstox mutual fund mandate form is required for approval of auto debit of the SIP amount at a particular interval from your bank account. It generally takes up to 5 days to get the mandate approval or else it gets expired. Upstox does not charge any amount for Upstox mutual fund bank mandate form. There are two ways via which you can complete Upstox mutual fund bank mandate form.

1. Online: Login to Upstox MF platform. On SIP tab, click on ‘Approve e-mandate’. Then, an email verification code will be received from BSE StarMF for E-Mandate Authentication. Enter this email verification code and proceed to complete Upstox mutual fund e mandate.
2. Offline or physical mandate: visit the official website of Upstox and download Upstox mutual fund bank mandate form. Login to Login to Upstox MF platform. On SIP tab, click on ‘Setup Auto Debit’. Upload filled and scanned Upstox mutual fund bank mandate form in JPEG format.

Benefits of Investing in Upstox Mutual Fund SIP

• A little amount of money is needed to invest at each interval.
• A regular saving and investment habit is generated within you.
• It protects from the extreme market volatility condition and gives rupee cost averaging benefits.
• It helps in creating wealth or completing a financial goal over a long-term horizon.

How to Start Mutual Fund SIP in Upstox?

It is very easy to invest in a mutual fund through SIP on the Upstox Mutual fund platform. Follow the below steps to start Upstox mutual fund SIP.
1. Login Upstox Mutual Fund platform.
2. Search the scheme name on the MF dashboard.
3. Choose the fund and enter the amount.
4. At last, click on “Start SIP” and choose the details.

Your account will be auto-debited to invest in Upstox SIP at regular intervals depending on the interval you have chosen. It is important to maintain the required balance in the linked bank account to stay invested through SIP.

Upstox mutual fund customer care number - +91-22-6130-9999


Frequently Asked Questions


A stop-loss order is an order placed with a broker in order to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed in order to limit an investor's loss on a security position.
Yes, everyone can invest in mutual fund through Upstox with Upstox demat account.
While carrying Intraday orders, we trade using margins and thus the trade goes in loss showing the negative balance. It will show the negative balance till the time we square off our trade or their RMS team do so. Your AMC might be deducted and this is the reason why it shows negative balance.
No, you cannot buy direct mutual fund through Upstox as it does not provide direct mutual fund schemes.
₹20 brokerage and 5x intraday margin are the most suited for a new trader. Whereas, the Priority plan is best for the experienced traders who require higher leverage. The brokerage charges (₹20 per trade) are also higher under the Priority Plan.
It allows customers to trade across Equity, Currency, Commodity and Derivative segments in Indian stock market. Upstox has various advanced technology platforms like Pro Web, Mobile Nest Trader, Fox Trader and DartStock.
The Upstox has pioneered the low-cost brokerage model. Thus while trading with Upstox, equity delivery trades are free of cost. For intraday trading on BSE, NSE and MCX and F&O. It is 0.05% or up to ₹20 per order traded.
Upstox is good for mutual funds as it provides regular mutual funds plans from 2500+ fund houses.
Upstox Nest Trader download from official website of Upstox is possible.
You can invest in mutual funds through Upstox if you have a Upstox demat account.
The Upstox provides three trading platforms. There is Upstox Pro web that you can access from your favorite browser. The other software Upstox Mobile which is available on both Android and iOS will help you in trading on the go.
Upstox runs a partner program wherein you can become a sub-broker and start referring customers from your network. You can earn commissions when they trade. You can receive earnings in two ways in this program either earn a part of the brokerage paid by your referrals or earn incentives for referrals when they open an Upstox account.
The Account opening is free. But if you pay ₹149, you will get a brokerage credit worth ₹250 with the validity of 30 days.
To buy mutual fund in Upstox, login to Upstox MF using Upstox ID and password.
You can withdraw money from your Upstox account directly from the application. You go to the balance section of the app and choose to “withdraw funds” from your securities or commodities account. Once after selecting the account, click on the “withdraw” screen. Now enter the amount you want to withdraw and click on “submit”.
Upstox is an online broker and a POA is compulsory during the account opening. This is done in order to keep your information safe and secure.
Upstox is one of the top discount brokers of India. It provides trading services at very low and unbeatable prices.
There is no limit of how many banks accounts you can link with Upstox. One bank account will be marked as the primary account and rest of them will be marked as the secondary bank accounts.
There is no such thing as Upstox branches. Upstox is a complete online stock broker. Only its registered office is situated at New Delhi and Head office situated at Mumbai.
No, Upstox does not provides direct mutual fund schemes or plan.
Upstox Mutual fund is an investment platform where investor invests in a pool of money to achieve their long-term financial goals.
Yes, any one with Upstox demat account can buy mutual funds in Upstox. If you do not have an Upstox demat account, you can easily open an online Upstox demat account.
Upstox Mobile App Support is significantly invested in technology. After Upstox mobile app login users can use its features and tools to its customers. For Upstox mobile app links, visit the official website of Upstox.
Mr Ravi Kumar CEO & (Co-Founder), Kavita Subramanian (Co-Founder) and Shrini Vishwanath.
The monthly maintenance charge for the demat account is ₹25 (excluding GST). This amount will be charged at the end of every month.
The trading with Upstox is completely safe. The company started offering its services in 2012 and since then it has grown exponentially. It has lakhs of trusted customers and over 5 lakh customers traded in January 2020. This made it rank as the second largest discount stock broker in India. The company is registered with the SEBI, BSE, NSE, MCX, CDSL and NSDL. It is regularly audited by the exchanges and no violations have been noticed so far. The company is backed with the leading investors like Ratan Tata, Tiger Global and GVK Davix.
Login to Upstox mobile app or login to Upstox trading software using your Upstox demat account login credentials to use Upstox demat account.
Yes, Upstox provide mutual fund investment facility to customers.
The client can freeze his account in case he does not wish to do any transaction in the near future. This helps in curbing the unauthorized use of demat account & prevention of frauds. The account will be de-freeze only on the instructions of the account holder.
When you open a Upstox demat account, Mutual fund segment is automatically activated. But if you plan to invest in Upstox mutual fund SIP, an Upstox mutual bank mandate bank mandate form is required to allow auto debit from your bank account at regular intervals as chosen by you to invest in SIP.
To reactivate your Upstox account, all you need to do is to fill the reactivation form and email it to us at ‎support@upstox.com. You also need to send a bank statement of the last three months that have been self-attested. Once after we receive this, your account will be reactivated within 24–48 business hours.
Upstox mobile is an advanced trading app provided by Upstox for easy and seamless trading experience.
Upstox core services does not include providing trading or stock tips. As an online broker, Upstox believes in keeping costs as low as possible.
Upstox is trustworthy and reputed stock broker in India. It is registered with SEBI. CDSL, NSDL, BSE, NSE and MCX with multiple exchanges are verified the UPSTOX.
There is no minimum balance that you are obliged to maintain in an Upstox Mutual Fund account once after the first time when you purchase the SIP.
You can upgrade your Upstox account by just sending an email from the registered email Id to support@upstox.com. Remember to keep the subject line "Request to change brokerage plan." Make sure that you mention your Name and UCC in the email. The request for changing brokerage plans will be processed in 24-48 hours during business days.
One of the major advantages of having trading account with Upstox is their low-cost structure. As a result, they do not provide any RM (Relationship Manager) services, even in Mumbai.
The Trigger price in Upstox is the pre-set price on a buy or sell order in trading. The order here is a special order such as a “stop-loss order”, a “take-profit order”, “bracket order” and a “cover order”.
The withdrawal of money procedure is an online process. Thus, every request is processed within 24 business hours after the trading day has ended. The Upstox staff get notified of your withdrawal request and hence they process all withdrawals once at the end of each day.
There is no demat account opening charges in Upstox. Free demat account opening in Upstox is available.
Upstox mutual fund is regular.
Yes, the account opening in Upstox is free with a ₹249 prepaid brokerage plan. Currently the company does not charge any account opening fee for the individual trading accounts.
When you open a Upstox demat account, Mutual fund segment is automatically activated in it. There is no separate activation required.
Upstox brokerage charges are Equity Delivery- ₹20 or 2.5% (whichever is lower) for Equity & Future- ₹20 per executed order or 0.05% (whichever is lower) for option Flat ₹20 per executed order.
There is no separate account opening required for mutual fund investment in Upstox. Only a Upstox demat account is required to be open. Visit garvthakur.com to check Upstox demat account opening procedure.
To start trading with Upstox, you need to open an account in Upstox stock broker.
Upstox Nest trader login can be done using Upstox Nest Trader.
Upstox demat account provides demat services. Upstox provides demat account facility as it is depository participant with both CDSL and NSDL. Anyone can easily open demat account with Upstox online.
In order to change your phone number in the Upstox account, you will have to open an online service request. To change phone number in Upstox, follow the below mentioned steps: a) Go to www.upstox.com b) Click on 'Sign in' > 'Dashboard' c) Upstox Login to the dashboard (Upstox back office) d) Choose and click on the 'Service Request' box e) Then, click on 'Change your Mobile Number" f) Enter the new phone number and verify the OTP. Once after the request is submitted, it will be processed in 24 to 72 hours.
There is no separate Upstox trading software brokerage. Only Upstox brokerage is applicable as per the Upstox brokerage plan.
Visit garvthakur.com to find the Upstox account opening procedure.
Upstox is not a listed company. It is a privately owned company run by the promoters of the company including Mr. Ravi Kumar and Mr. Shrinivas Viswanath. Four major investors that include Mr. Ratan Tata, Tiger Global Management, GVK Davix and Kalaari Capital Partners invested in this company.
The “Validity in Upstox” means the tenure or period for which a placed order is valid. The price of a stock moves up and down on a regular basis and thus the order is executed only when the matching price is available.
Span and Exposure margin is the leverage provided by Upstox to their customers. Find the above list to check Upstox margin exposure or visit the official website of Upstox to check Upstox exposure calculator.
If you are deciding to close your account then you can delete it, then you can delete it. Upstox does not charge any fees to close your Upstox demat or Upstox trading account. Just make sure that all your dues are clear and transfer all existing securities from your Upstox demat account.

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