Can I apply for an New Fund Offering (NFO) on FundsGenie?
Yes, you can apply for an NFO on FundsGenie:
Step 1. Log in to FundsGenie and go to Build Wealth
Step 2. Go to New Funds Offers (NFO) and select Invest for the desired fund
Step 3. Select Lumpsum / SIP and enter the required details:
A. Lumpsum:
i. Enter the required Lumpsum Amount and select the Order Type (Physical / Demat) > Proceed
ii. Payment: Select your Bank Account > Proceed
The payment can be made in 3 ways:
- Payment Gateway (Net Banking)- If your bank is registered with BSE, you will be redirected to your net banking page to make the payment.
- NEFT/RTGS/IMPS- If your bank is not on the list of BSE registered banks, BSE's bank account details for NEFT/RTGS/IMPS transfers will be displayed. You will have to add this account as a beneficiary (in your net banking account) and make the payment via NEFT/RTGS/IMPS.
Please ensure that you make the transfer from your registered bank account on the order placement day. Once the transfer is made, the transaction reference number must be updated in the payment confirmation email sent from BSE to your registered email ID. This is done in order to validate the payment against your order.
- Mutual Fund Order Payment Confirmation Link- An email will be sent from BSE to your registered email ID. There is the provision to pay via UPI/net banking/NACH mandate (if authorised).
B. SIP:
i. Select the Investment Day (Installment date), Investment Frequency, Tenure & Order Type (Physical / Demat) > Proceed
ii. Payment: Select the desired Mandate Amount (Only the installment amount will be deducted) and tick the mandate creation box > Proceed
The payment can be made in 3 ways:
- Payment Gateway (Net Banking)- If your bank is registered with BSE, you will be redirected to your net banking page to make the payment.
- NEFT/RTGS/IMPS- If your bank is not on the list of BSE registered banks, BSE's bank account details for NEFT/RTGS/IMPS transfers will be displayed. You will have to add this account as a beneficiary (in your net banking account) and make the payment via NEFT/RTGS/IMPS.
Please ensure that you make the transfer from your registered bank account on the order placement day. Once the transfer is made, the transaction reference number must be updated in the payment confirmation email sent from BSE to your registered email ID. This is done in order to validate the payment against your order.
- Mutual Fund Order Payment Confirmation Link- An email will be sent from BSE to your registered email ID. There is the provision to pay via UPI/net banking/NACH mandate (if authorised).
iii. Authenticate the NACH Mandate/OTM:
- Go to Profile > Mandate Info > Select Authenticate next to the desired mandate
- You will be able to authenticate the mandate via net banking or debit card (for NPCI-supported banks).
We currently offer only monthly SIPs on FundsGenie. For other frequencies, you will have to invest through the offline route.
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