How to use Kuvera to invest in all mutual funds under direct plan

Open an account in Kuvera (www.kuvera.in)

1. You can sign up through Facebook/Google or email Id and Password
2. Complete your KYC by adding your PAN number.
3. Fill your details like address, Nominee, Bank account details etc. (You can complete it in the beginning, or it will ask for the same while investing.

For investment in SIPs (Screenshots below)

1. Click on invest (Right to Home)
2. Click on MF (below explore)
3. Enter the name of fund in search funds. You can use category & subcategory for easy selection.
4. Click on fund name
5. Add SIP amount (as suggested in the plan). (Lumpsum means one time investment)
6. Add to Cart
7. Repeat the process for all mutual funds where you want to register SIP.
8. Once the process is complete for all mutual funds scheme, click on Cart button
9. Select folio number on the left and SIP date for all mutual funds schemes
10. Place order
11. It will redirect to your bank account
12. First instalment is deducted immediately, the next instalment will deducted as per the SIP date (Please note it takes around 30 days for deduction of next instalment)

Mandate for SIP – It will ask for a mandate of 1 Lakh per month for deduction of SIPs, you can approve that. Mandate is approved by your bank for next instalments of SIPs, and it takes around 3-4 days for mandate approval. Even if you are giving mandate of 1 Lakh, the amount will be deducted only as per your SIP instructions. If you have registered for 30,000 only through SIP, it will deduct 30,000 only.

In case, you have monthly SIPs of more than 1 Lakh, you can increase the mandate limit.

For Systematic Transfer Plan STP (Screenshots below)

1. Invest lump sum amount in liquid mutual funds as suggest in the plan (the process would be same as above- You would have to add lump sum amount here). After 7 days, you can register for STP (to avoid exit load from liquid fund)
2. Click on SIP, STP, SWP (on left hand side – below Manage Folio)
3. Click on STP and then add STP
4. Choose mutual fund scheme from which you want to start STP i.e., liquid mutual fund (Transfer from)
5. Choose mutual fund scheme to transfer i.e., equity mutual fund (Transfer to)
6. Select Folio Number (Folio number of Transfer from)
7. Select Start date, amount, and frequency (Monthly frequency)
8. Select number of instalments
9. Click on Continue

For Systematic Withdrawal Plan (SWP)

1. Once the amounts start showing in your mutual funds scheme, click on SIP, STP, SWP (on left hand side – below Manage Folio)
2. Click on SWP and then add SWP
3. Choose mutual fund scheme from which you want to withdraw i.e. liquid/debt mutual fund (Withdraw from)
4. Select Folio Number (Folio number of Transfer from)
5. Select Start date, amount, and frequency (Monthly frequency)
6. Select number of withdrawals
7. Click on Continue

Import Portfolio (This will help you in seeing all your existing investments in mutual funds in a single platform)

1. For importing portfolio to Kuvera- Follow the process as mentioned in website
2. Click on import portfolio
3. Click on import now
4. Follow the instruction
5. The link for CAS statement is – https://new.camsonline.com/Investors/Statements/Consolidated-Account-Statement

For Switching to Direct Plans

1. Go to portfolio (Home Page – below dashboard)
2. Select the mutual fund scheme
3. Click on mutual funds scheme
4. Click on Redeem/Switch (depending on mutual fund scheme)
5. If it is same AMC – opt for switch option. If it is different AMC- opt for redeem option
6. While redeeming/switching- It will show trade smart option
7. Trade smart option calculates the exit load and capital gains (Long term and short term)
8. It is advisable to opt for the option as it helps in calculating exit load and capital gains (The option is chargeable – Rs. 300 one time)
9. There is no exit load in equity mutual funds after 1 year. It is advisable to redeem/switch only after 1 year.

Account statement from the respective fund houses.

Please ensure that you are receiving the account statement for each investment from the respective fund houses within 3-4 working days. This is the proof that your money is invested. Please check the details and confirm they are correct.

 Disclaimer

Arevuk Advisory Services Pvt Ltd (tradename: Kuvera) is a SEBI Registered Investment Advisor (INA200005166).

Finvin Financial Planners is not associated with Kuvera in any form. We suggest Kuvera as the User Interface is good and there are no hassles to invest, switch or redeem. If you are not comfortable with Kuvera, you can use other platforms like Groww, Zerodha, Paytm money, MF Utility etc.

You can choose any platform which allows you to invest in direct Plan of mutual funds.