Mutual Funds

Questions investors ask

• Where does my money go when I invest?

  Directly from your bank account to the fund house, in your own name. Folios are registered to you and redemptions come straight back to your account; Sanriya sets up the transactions and reviews the portfolio while the regulated institutions hold the money.

• What does working with Sanriya cost me?

  We distribute Regular Plans and earn a trail commission from the AMC, paid out of the scheme's expense ratio and disclosed in our commission disclosure. There is no separate fee charged to you for distribution and portfolio reviews.

• Can I start small and increase later?

  Yes, SIPs start from as little as ₹100 to ₹500 a month depending on the scheme, and you can top up, add goals or start new SIPs at any time. Most families begin with one goal and grow from there.

• What happens to my existing investments elsewhere?

  Nothing has to move. We can review what you already hold, map it to your goals, and consolidate folios only where it genuinely helps; transfers are your call, made with full information.

• What is the difference between a mutual fund distributor and an investment adviser?

  A mutual fund distributor is registered with AMFI, helps you choose and transact in schemes, and is paid by the fund house on Regular Plans. A SEBI-registered investment adviser charges a fee directly to the client and may suggest Direct Plans. Sanriya Finvest works as a distributor: the guidance comes with the distribution, and every decision stays with you.

• Regular Plan or Direct Plan: what is the difference?

  They are the same scheme with the same portfolio and fund manager. A Regular Plan is bought through a distributor and its expense ratio includes the distributor's commission; a Direct Plan is bought from the fund house with no commission. AMFI's guidance: a Direct Plan makes sense if you can select funds yourself; otherwise use a distributor. Sanriya distributes Regular Plans, with the service that comes with them.

• How much commission does Sanriya earn, and can I see it?

  The fund house pays us a trail commission every month, a small percentage of the value you hold, out of the scheme's expense ratio; SEBI allows no upfront commission. The rupee amount paid on your investments appears in your half-yearly consolidated account statement, and the rate for every scheme is on our Disclosures page.

• What documents do I need to start investing?

  Your PAN, an address proof (Aadhaar works for e-KYC), a cancelled cheque or bank statement for the account the money will come from and go back to, and a photograph. If you are already KYC-compliant, only the bank proof and the application are needed. Online KYC and a SIP mandate usually take one to three working days.

• How do I choose a mutual fund scheme?

  There is no single best scheme. Start with the goal: its date decides the category, equity for far goals and debt or hybrid for near ones. Within the category, compare consistency against the benchmark, risk control in falling markets, cost and churn, and the manager's tenure. Read the riskometer and the scheme information document before investing.

• How quickly can I redeem, and are there charges?

  Open-ended schemes pay redemptions in one working day for liquid funds and two to three for equity funds, to your registered bank account. Many liquid funds allow instant redemption up to ₹50,000 a day. An exit load, often 1% on equity units sold within a year, may apply; ELSS units are locked for three years.

• Can NRIs invest in mutual funds through Sanriya?

  Yes, from an NRE or NRO account after NRI KYC, on a repatriable or non-repatriable basis. Some fund houses restrict investors resident in the United States and Canada, so the choice of schemes is checked first, and tax is deducted at source on NRI redemptions. For dollar-based investing, see our GIFT City page.

• How often is my portfolio reviewed?

  At least once a year, and after any event that changes the plan: a new goal, a windfall, a job change, a market fall. The review covers each goal's gap, overlap between schemes, cost, and whether the equity-debt mix fits the years left. You decide; we execute on your instruction.