FAQs > Withdraw

What is the minimum period for which I need to stay invested? Is there a lock in period? Is there any penalty (exit load) for earlier redemption?

There is no minimum period or lock-in unless you invest in tax-saving schemes. You have the option to withdraw your money at any time. However, […]

Can I transfer mutual funds held somewhere else into Fisdom? What is the process?

Yes! We actively encourage it so that you can manage all your money in one place. After opening your account, you only need to send […]

Can I transfer my investments from fisdom to another broker?

Yes. As your investments are held in your name with the mutual fund, you can request them to transfer your investments to the code of […]

How do I make a withdrawal from my account? Are there any charges on funds withdrawal?

You can place a withdrawal request on the app itself. We do not charge any fee for withdrawal. So you can always make a withdrawal […]

How long does it take to get the money?

It takes 1-2 working days for the money to get credited into your bank account. In most cases, this happens in the next working day […]

Can I get the credit in a different bank account?

No, for security of your money, redemption are credited only to the same bank account you invested from. If you have closed that account, you […]

Do I have to pay taxes on my gains from the fisdom account?

Tax implications, if any, only happen on withdrawal. Till you actually withdraw any money, there is no tax. On withdrawal, the current tax rules are: […]

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