Answers to Common Questions About the INDmoney App

How to get started with the INDmoney app:

Download the app: The app is available for free on both iOS and Android devices.

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Create an account: Once you download the app, you’ll need to create an account to start using it.

Link your accounts: After creating an account, you can link your bank accounts, investments, and loans to the app.

Explore the app: Once your accounts are linked, you can start exploring the app’s features and tools to manage your finances more effectively.

Is INDmoney safe to use?
The user’s data is secure and easy for beginner investors. There are two-in-one account features: a US trading account and a zero-charge SB account. Bishop Fox, a Google Partner, audits its data security feature.

Who is the owner of INDmoney?
Guest Feature with Ashish Kashyap (Founder-INDmoney)

Can I buy stocks on INDmoney?
You can buy US stocks and ETFs from India directly through INDmoney.

क्या इंडोमनी का इस्तेमाल करना सुरक्षित है?
शुरुआती निवेशकों के लिए उपयोगकर्ता का डेटा पूरी तरह से सुरक्षित और उपयोग में आसान है । दो-में-एक खाते की विशेषताएं हैं: एक यूएस ट्रेडिंग खाता और एक शून्य चार्ज एसबी खाता। बिशप फॉक्स, एक Google भागीदार, इसकी डेटा सुरक्षा सुविधा का ऑडिट करता है।

Is INDmoney registered in India?
INDmoney Private Limited is registered with Securities & Exchange Board of India (“SEBI”) bearing SEBI Registration No. INZ000305337, Trading and Clearing Member of NSE (90267, M70042) and BSE, BSE StarMF (6779) (‘Company’).

Can I sell US stocks on INDmoney?
INDmoney has enabled US Stock trading through Stock brokers like Drivewealth & Alpaca which are registered with USA Securities Exchange Commission and are regulated US stocks broker.

 

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What is the minimum investment in INDmoney?
You can start investing through a minimum SIP amount with as low as ₹500 per month or in case of certain schemes with ₹100 per month
Who is the broker of INDMoney?
Is this regulated? Using the INDmoney technology application, one opens an account with a regulated US broker, namely Drivewealth, LLC. This is regulated in all 50 states in the US by the U.S. Securities and Exchange Commission(‘SEC’), and Financial Industry Regulatory Authority (‘FINRA’).
What are the annual charges of INDMoney?
For value of holdings between Rs 50,001- 2,00,000, AMC not exceeding Rs 100 is chargeable. In case of debt securities, there are no AMC charges for holding value upto Rs 1,00,000 and a maximum of Rs 100 as AMC is chargeable for value of holdings between Rs 1,00,001 and Rs 2,00,000.क्या IND मनी भारत में सुरक्षित है?
Stored data is protected by an authenticated encryption . इसके अतिरिक्त, हम बिशप फॉक्स – सुरक्षा मूल्यांकन के लिए एक Google भागीदार द्वारा ऑडिट किए जाते हैं। हम एक सेबी पंजीकृत निवेश सलाहकार हैं। आपके मैप किए गए परिवार कार्यालय प्रबंधक/सलाहकार सख्त एनडीए के अधीन हैं।
मैं इंडोमनी से पैसे कैसे निकालूं?
आप अपने टर्म डिपॉजिट अकाउंट से जब चाहें तब पैसे नहीं निकाल सकते। इसके बजाय, आपकी राशि एक विशेष अवधि के लिए बंद रहती है और आप इसे केवल अपनी अवधि समाप्त होने के बाद ही निकाल सकते हैं । और यदि आप अपने टर्म डिपॉजिट से मैच्योरिटी से पहले फंड निकालते हैं, तो इसके परिणामस्वरूप भारी जुर्माना लग सकता है।
मैं भारत से यूएस स्टॉक कैसे खरीद सकता हूं?
आप घरेलू या विदेशी ब्रोकर के साथ विदेशी ट्रेडिंग खाता खोलकर सीधे अमेरिकी शेयर बाजार में निवेश कर सकते हैं। भारत से अमेरिकी शेयरों में निवेश करने के लिए सबसे अच्छा ऐप चुनने से पहले शुल्कों पर ध्यान दें।
Is INDmoney registered with NSE IFSC?
In the NSE-IFSC route, the depositary receipts will be held in the demat a/c that clearly creates a sense of security. In the direct route of via apps like INDmoney and buying via the US Broker, your shares purchased are insured by the SIPC ( Securities Investor Protection Corporation www.sipc.org) upto $500k.What are the hidden charges on INDmoney?
The charge is 0.00345% of transaction value for all stocks.
What if I invest 5000 rupees every month?
By investing just Rs. 5000 every month in an SIP, you can create high returns to meet your long-term goals. A systematic investment plan allows you to invest a monthly sum in a single type of fund, be it equity, debt, gold, etc. You can choose to diversify by investing in different types to balance out the risk.
Is INDMoney safe for long-term investment?
It is absolutely safe to invest in mutual funds through the INDmoney app. INDmoney is a SEBI registered platform which is secure and adheres to all the Indian regulations. Moreover, the INDmoney app has a Star BSE membership. The money invested through the app goes directly to the mutual funds.
How much tax do you pay on INDmoney?
So for example you had invested Rs 10,00,000 in an equity fund at the start of the 2022, made Rs 1,00,000 in gains till now. If you decide to sell it today, you will have to pay 15% + surcharge + cess on total capital gain, So your tax amounts to Rs 15,000.
What is the difference between Zerodha and INDMoney?
Zerodha has a charge of 20 rupees on Intraday and F and O. INDMoney does not ask for any such charge from the users. INDMoney does not have the option to allow its users to invest in currency derivatives and other segments which are available on Zerodha.
How does INDMoney make money?
INDMoney earns operating revenue primarily through advising fees received from premium platform users and distribution fees obtained from AMCs and mutual funds.

इंडियन स्टॉक्स को INDmoney में कैसे खरीदें?
चरण 1: शेयर बाजार में अपनी यात्रा शुरू करने के लिए पहला कदम अपने केवाईसी दस्तावेजों को सत्यापित करवाकर डीमैट खाता खोलना है। चरण 2: किसी भी प्लेटफॉर्म के माध्यम से डीमैट खाता खोलने के बाद आपको अपने डीमैट खाते में लैपटॉप या मोबाइल डिवाइस के माध्यम से साइन इन करना होगा।

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Which is the cheapest broker in India?
Zerodha – It offers one of the lowest brokerage charges in NSE options trading. Upstox – The account opening charged is Rs. 200, and the first five trades in a month are free of cost. ICICI Direct– Nil account opening charges with Equity delivery as low as 0.1% with Prime.

 

Conclusion:

The INDmoney app is a powerful personal finance management tool that can help users manage their finances more efficiently. Its comprehensive view of your finances, investment options, budgeting tools, tax optimization, and AI-driven insights make it an ideal choice for anyone looking to take control of their finances. So, if you’re looking for a comprehensive and easy-to-use personal finance app, the INDmoney app is definitely worth a try.

 

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