Moneyfy App Review 2021 | Get goal-based investment options

Table of Contents

What is Tata Capital Moneyfy app?

Your goals can be met by investing in SIPs or lump sums using Moneyfy’s goal-based investment options; you establish your goals and then invest to meet those goals. Make use of the Moneyfy app to get started investing. Investing in Mutual Funds doesn’t have to be complicated or confusing anymore, thanks to Moneyfy. This is supplemented with a wide range of Investment solutions to provide you with an outstanding Investment experience.

Invest in SIP on the first of every month to make payday your SIP Day! With the Moneyfy app, you can keep tabs on your monthly SIP investments in real-time. You can also use our SIP calculator to predict your SIP’s return. An excellent way to save on your taxes is to invest in tax-advantaged mutual funds or exchange-traded savings schemes (ELSS). It offers comprehensive mutual fund services in the stock, debt, and hybrid asset classes.

Main Highlights

Instant Redemption: Make prudent investments in liquid funds and instantly redeem up to Rs. 50,000.
Diversification as a Competitive Advantage: Diversify your Mutual Fund portfolio to mitigate risk.
Tax-Efficiency: Invest in ELSS and get up to Rs.1.5 lakhs in tax deductions.

Features of Tata Capital Moneyfy App

This application includes an investing calculator.
Moneyfy comes equipped with an EMI Calculator.
Moneyfy enables you to do mutual fund analysis and comparisons, supporting you in making an informed investment decision.
Money’s Platform Provides Financial Services in the Following Sectors:

- Mortgage Financing.
- Personal Loan.
- Business Loan.
- Automobile Loan for Users.
- A loan of a two-wheeler is available.
- Loan collateralized by real estate (LAP).
- Insurance.

Moneyfy Platform is an insurance platform that offers both life and general insurance.

Why choose Tata Capital Moneyfy App?

Make use of the Moneyfy app to get started investing. The purpose of our company is to simplify and make clear the process of investing in mutual funds for you. This is supplemented with a wide range of Investment solutions to provide you with an outstanding Investment experience. Invest in SIP on the first of every month to make payday your SIP Day!

With the Moneyfy app, you can keep tabs on your monthly SIP investments in real-time. You can also use our SIP calculator to predict your SIP’s return. Moneyfy offers a comprehensive range of mutual fund services, including equity, debt, and hybrid products.

Tata Capital Moneyfy App Reviews

Frequently Asked Questions

What are your Moneyfy objectives?

Moneyfy’s goals make it simple to keep track of your progress toward your financial objectives depending on your present investments. A vacation, retirement money, home purchase, or anything else you desire could be included in your list of goals.

How to add, delete, or modify goals?

If you’d like, you can create your own sets of objectives. Once you begin investing, you will not be able to make changes to your purpose. You must quit being who you are and start anew.

What are Curated Packs?

Curated portfolios are portfolios of investments depending on your risk profile. Saver is one of five packs available in the curated pack’s category.

- Protector.
- Balancer.
- Enhancer.
Is it possible to add or remove money from a pack?

You can use the additional money to cover the shortfall. Simply select ‘Modify’ and then ‘Replace Fund’ from the drop-down menu. Each box has 2-3 different fund possibilities for replacement.

What’s the best way to end SIP for a group?

To access the Hamburger Menu, click here. Choose Manage Investments from the drop-down menu. Go to SIP > by clicking on it. Choose the fund you want to cancel from the drop-down menu. SIP should be terminated.

What is the intelligent redemption feature, and how can I utilize it?

Visit the Portfolio page to see more. Select ‘Smart Redemption’ from the drop-down menu. The amount you wish to redeem should be entered here: To redeem your points, select a bank account from the list below. To redeem your points, click Redeem. The money will be credited to your bank account in 2-3 working days, depending on the type of fund you have selected.

What does it mean when you say “immediate redemption”?

A withdrawal limit of Rs.50,000 or 90%, whichever is lower, can be made on any day without incurring an exit load using this facility. While you wait for the remaining funds to be placed into your bank account, this sum is withdrawn instantaneously and appears in your account within a few minutes. Because they earn more than savings banks, instant redemption funds are a great location to keep your extra cash.

What distinguishes it from the other of the MF subcategories?

Moneyfy allows you to keep track of the returns on both mutual fund and direct redemption plan investments separately. In contrast to saving bank accounts, which are intended for long-term wealth accumulation through mutual funds, immediate redemption funds are utilized for parking idle money and taking advantage of high-interest rates and quick redemption when needed.

Hence Instant redemption funds are maintained separately from other types of investments since they can give you a false impression of your mutual fund investments’ growth or returns over the long run.

What is the purpose of risk profiling precisely?

Risk Profiling is a method for determining an investor’s ability and willingness to take on a certain level of risk. For this, we’ll ask you a few easy questions to get a better idea of your investment objectives, risk appetite, and time horizon, among other things. Using your Risk Assessment, you can pick the correct investment programs.

What is the benefit of risk profiling to me?

Investing is what investors do to help them reach their financial goals. By utilizing risk profiling, investors may better understand how much risk they are comfortable taking and make investments that fit their risk tolerance.

In what way do I finish my risk profile?

Answering a few easy questions in the Risk Assessment section will allow you to complete your risk profile. This information will assist us in determining your level of risk. Log in and select the Risk Assessment tab from your profile’s navigation bar. Go to Home > Investment > Mutual Fund Investment > risk assessment as an alternative. Click on Investment > Mutual Fund Investment.