• It is an integrated, one stop shop for all your financial needs.
  • Consider us as your holistic financial partner.
  • All your money management needs such as budgeting , expenses tracking and savings optimization.
  • Do a comprehensive financial planning and get investment recommendations
  • Track your portfolio and optimise the returns.
  • Invest through us at no extra cost. You don’t have to pay anything for our services. There are no hidden charges too.
  • Its one platform where you can get the benefit of budgeting, planning, advisory, tracking and investing in a click.
  • Link your bank accounts for ease of operation.
  • Execute all the transaction and get prudent advisory at zero cost.
  • Yes. We provide prudent research on various asset classes that helps you take an informed decision for the correct investments.
  • You have an option to compare products across asset classes to make smart investment choices.
  • We offer a wide range of investment products ranging from Mutual Funds, FDs, Bonds, Gold, Real Estate, Loans , Credit cards etc.
  • You need to get registered with us and follow a simple process.
  • We help you do the required documentation. All your transactions are absolutely free.
  • The security standards are same as what your bank offers, hence its absolutely safe to do a financial transaction on our site.
  • All our processes are complied as per required regulations.
  • The ownership of all the assets remains with the investor. We provide an excellent platform for you to invest and keep your records updated.

Request you to follow the below redemption steps

Step 1: Login your ID in our 5nance platform

Step 2: Go to the Dashboard

Step 3: Then click on My Investments

Step 4: Click on Mutual Funds under Tab ‘Asset’

Step 5: Select the fund in which you want to redeem

Step 6: Then click on the Redeem option given above

Step 7: After that select on Sell All option to redeem the full investment  

Step 8: Tick on terms and conditions and click the redeem button.

Step 9: You will receive the OTP on your registered number. Input the OTP and click on Submit. 

Your redemption will be completed.

What is 5nance.com?

What can I do at 5nance.com?

How is this platform different from others?

Does it recommend me where should I invest?

How can I initiate investing with you?

Is it safe to invest through 5nance.com?

What are the Steps to redeem the investment

All Rounder

How can I open an account with All Rounder?

  1. Existing 5nance customer - Log into the 5nance app / If you’re a new customer – register with 5nance
  2. Click on the All Rounder home page banner in Our Best Offerings section
  3. You will see the All Rounder Video & its USPs
  4. Check All Rounder’s past performance
  5. Choose your All Rounder Plan – Managed portfolio or Advisory portfolio
  6. Determine your capacity to take risk (Risk profiling)
  7. Choose investment amount
  8. Complete the e-signing process
  9. Open/Link your demat account
  10. Automate portfolio execution with consent

What if my phone number is not linked to the Aadhaar Card?

  1. Visit the nearest Aadhaar centre & update your mobile number with the Aadhaar card
  2. Request for an offline agreement on allrounder@5nance.com It can be couriered to 5nance.com (Innovage Fintech Pvt. Ltd) A-703, Eureka Towers, Mindspace, Malad West 400064

What documents are required for account opening

Complete the KYC process using your PAN Card & Aadhaar Number.

How do I e-sign?

Once the payment is successful, activate the account by e-signing

  1. A security code will be sent to your mobile number (registered with 5nance)
  2. Enter the Aadhaar card number
  3. Enter the OTP sent on the mobile (that is linked with the Aadhaar card)
  4. E-signing is done.

How can I change my risk profile?

You cannot change it. The risk profiling window will open after 6 months. It’s regulatory in nature as the advisory gets aligned to the risk profile.

Who should invest?

All Rounder is designed to any investors as profiling determines the suitability in accordance to the investors' risk taking ability. It is an all-weather portfolio which is designed to reduce volatility thereby achieving stable returns on an annual basis. This is the timeframe which FD investors usually invest for. At the same time stocks in the portfolio take care of the growth required to effectively tackle inflation.

What documents are required to open a Trading/Demat account?

The following documents are needed to open a Trading/demat account

  1. A photocopy of your PAN card
  2. Aadhaar card details
  3. The mobile number linked to your Aadhaar card
  4. Bank proof: A cancelled Cheque/ Bank statement/Passbook front page
  5. Income proof – Bank statement for the last 6 months/ the latest salary slip
  6. Signature – A photo copy or scanned copy of your signature to be uploaded

How can I proceed when my broker is not available on 5nance?

  1. Since 5nance has tied up with 5paisa.com you can open a new broker account with 5paisa via the 5nance platform. Simply follow these steps

Steps to open a broker account via 5nance:

  1. Click continue on Open/Link 5paisa demat account
  2. Set up a trading password
  3. Fill up your personal details – PAN no. & birth date
  4. Add your bank details – a/c no & IFSC code
  5. Upload the documents – PAN card, Signature & Photo
  6. e-sign the form digitally using your Aadhaar card
  7. The application process will be completed & account will open in the next few hours

How will I add funds? Where will I add my funds?

You cannot add funds through the 5nance platform. You need to add funds into your brokers trading/demat account via UPI apps, Net banking, IMPS, NEFT or RTGS & via a cheque.

What is a TOTP w.r.t Zerodha? What is the process?

TOTP means a Time-Based OTP. It’s a one-time task that adds security to your demat account. It is a two-factor authentication process for your demat account.

What do I do when I don’t have a Trading/Demat account?

  1. Open a new trading/demat account with the broker 5paisa.com utilizing the 5nance platform (screenshots) – Steps details required
    1. Click continue on Open/Link 5paisa demat account
    2. Set up trading password
    3. Fill up your personal details – PAN no. & birth date
    4. Add your Bank details – a/c no & IFSC code
    5. Upload the documents – PAN card, Signature & Photo
    6. e-sign the form digitally using your Aadhaar card
    7. The application process will be completed & account will open in the next few hours
  2. Open a new trading/demat account with 5nance’s broker partners - Angel One, Zerodha etc.
  3. Documents you need to open a new trading/demat account – i)A photocopy of the PAN card ii)Aadhaar card details iii)mobile number linked to your Aadhaar card iv)Bank proof v) Income proof

What is TPIN? How to generate CDSL TPIN?

TPIN will be generated by broker (zerodha). You would have received the CDSL TPIN to your registered mobile number and email address with CDSL ). You have to use the CDSL TPIN instead of your Kite PIN, and authorize the stocks to be debited from your demat account before placing a delivery/CNC (including GTT) sell order on Kite.

What is POA?

When you sell shares during market hours, the shares are debited from your (seller’s) account to deliver to the buyer. The broker needs the Power of Attorney (POA) to debit these shares from your demat account.

Is 5nance.com a stock broker?

  • 5nance is an wealth advisory platform and going forward we will be an Associated Partner with a global broker.

Do I need to have a demat and trading account to subscribe to the services offered by 5nance?

  • To execute the advice provided it is essential to invest into stocks and ETFs which can be bought and held in a demat account.

What is the difference between an advisory and a managed portfolio?

Advisory Portfolio

Managed Portfolio

Self - Driven

Automated Control

Do It Yourself

1-Click Auto Execution

Manual Portfolio Tracking

Automated Portfolio Tracking

Single-Trade Execution

Basket Order Execution

Rebalancing Updates

Automated Rebalancing

Why should I opt for a managed portfolio?

A managed portfolio works with a single-click consent when rebalancing is scheduled. Hence, it reduces your effort while also improving accuracy to provide better results. Moreover, the trading process is hassle-free.

Can I add one more stocks to my All Rounder Portfolio?

Yes. The control & ownership lies with the investor. We provide our advisory basis the entire portfolio. So for proper Portfolio execution, tracking & management, it’s recommended to add only 5nance’s suggested stocks to your All Rounder Portfolio. 5nance will track & review only its recommended stocks in your All Rounder Portfolio.

Can I skip buying one recommended stock in the overall All Rounder Portfolio?

Always. It is the investor's discretion whether they want to act or not. We provide our advisory basis the entire portfolio. Often, a particular stock or ETF might not look lucrative on its own but is very relevant in context of the entire portfolio.

Will I get the returns monthly?

Although returns are tracked daily, it’s best to track your portfolio’s performance over a quarterly basis. Our experts recommend that you stay invested for at least 3 yrs. to ensure your portfolio’s optimal performance

What is Cash Allocation in my Portfolio?

Cash allocation is just to create a buffer to account for the changes in price and other expenses like demat charges, brokerage, CDSL charges etc.

Can I get a review done for all my stocks that are not a part of All Rounder?

You’ll get reviews only on the stocks that are a part of your All Rounder portfolio.

Can I execute a partial order?

Yes. It’s always the investor's discretion whether they want to go ahead with the recommended stocks or not. We provide our advisory basis the entire portfolio. Often, a particular stock or ETF might not look lucrative on its own. But it is very relevant in context of the entire portfolio.

What is Risk-Off Allocation?

These assets are negatively correlated with equities. They protect the downside when the equity markets fall.

Is there any lock-in period for this product?

No. There is no lock-in period. All Rounder is long-term investment Product.

So to get ~2x returns, we suggest staying invested in All Rounder for atleast 3 yrs.

How is Artificial Intelligence used?

Artificial intelligence is used to define asset allocation, stock weights and to identify the price action for a large set of securities. There are regular checks as well to review the AI's output.

Is All Rounder a tax-saving investment?

No. All Rounder is not a tax-saving investment. Usually, the holding period is more than a year. Therefore, a 10% long-term capital gains tax is applicable. Only in a few cases will a short-term capital gains of 15% require to be paid.

What is the investment philosophy of 5nance?

  • The investment philosophy is an ever-evolving philosophy focussed on future growth. Being a technology company ourselves, our ethos is also driven by investing into the future be it for investor portfolios or even when it is for our team and processes.

What parameters are used to create the model?

  • The model begins with early warning signals which takes in consideration a whole host of global and India specific macro-economic parameters. When securities are chosen, parameters like sustainability, management quality, unit economic analysis and many others are quantified to bring to the fore high caliber securities. These are again analysed with the price action theory. The above parameters are also under continuous incremental transition and evolution.

What is minimum and maximum Investment amount?

  • There is no such requirement. Though for execution services a minimum investment of Rs. 200,000 is required which is also ideal.

Tenure of the structure?

  • There is no lock-in period. We recommend to stay invested for 3 years to get optimal results.

What happens in case of underperformance?

  • There could be periods when All Rounder underperforms important indexes. That is when we track, take stock and course correct. In recent years there has been an underperformance of a maximum of 3 consecutive months.

How much minimum returns I can expect from this product?

  • Over the investment period of 3 years you can expect consistent returns.

What happens when markets are negative?

  • The product is designed to protect during market downturns. This is achieved by investment in high calibre securities and prompt shifts in asset allocation to have a sophisticated hedged portfolio.

Tax implication of this product?

  • Usually the holding period is more than a year. Therefore a 10% long term capital gains tax is applicable. Only in a few cases short term capital gains tax of 15% will have to be paid.

Key features of this product?

  • It is an absolute return product and the two main features of the product's core are:
  • 1. High caliber stocks to be invested into. Hence even in difficult phases for equities, these stocks are still protected.
  • 2. Accurate asset allocation in context to the systemic conditions to protect during tough phases while taking advantage of asset.

Where you will invest?

  • There are stocks and ETFs that can be bought and held in the demat account. For risk-off investments ETFs can be held while stocks can cover the growth requirements.

Can I carry out transactions, other than the ones recommended by 5nance, on the Upstox/Zerodha Platform?

  • Yes, it can be executed with any broker. Once we begin execution with our associated broker this leg will become even more seamless.

Will a robot manage my investments/advisory? Or there is a human interference.

  • The research carried out to provide advisory is automated to a large extent and so is the entire process that follows. Though every now and then, a human touch is required to only improve the experience and performance.

Why you should invest?

  • Markets will stay volatile and investors have a rationale requirement of safeguarding the money and flexibility when the markets are low and gaining higher returns when the markets are high. Our algorithm does this accurately to ensure that you gain positive returns irrespective of the market conditions.

Do you guarantee a return on my investment?

  • No investment can have guarantees, not even government bonds. Though the portfolio is well diversified with multiple asset classes, the risk is prudently managed.

Can I choose not to act on a notification if I have a different view on the stock?

  • Always it is the investor's discretion whether they want to act or not. We provide our advisory basis the entire portfolio, hence many a times a particular stock or ETF might not look lucrative on its own but is very relevant in context of the entire portfolio.

Can I make changes to my portfolio if I have a different view on a stock?

  • Yes like said previously, the control and ownership lies with the investor.

It will deliver negative return?

  • On a yearly basis it has never delivered negative returns, not even in tough years. It is designed to optimally allocate to assets considering the overall portfolio situation. Though there can be times that all assets classes are in a downward spiral and the product does not deliver for a year.

Can I exit before 3 years?

  • Yes. These investments have no lock-in period, though advisory and execution to stay ahead will be stopped.

How it works?

  • We have sophisticated systems and processes to build an all-weather portfolio. These portfolio suggestions need to be followed and approved to achieve the best results. The portfolio holdings include risk-off assets and stocks to achieve the growth factor. The objective is to achieve consistent annual returns. 

Can I transfer my existing folio in this structure?

  • No an existing folio cannot be incorporated.

AR Investment v/s PMS

  • All Rounder is more DIY and also the investments are held in the investor's own demat account rather than a pool account. In PMS the advantage is that after the funds are transferred the investor can just sit back but the that also means that an investor has very little control.

How much do I need to invest?

  • It is advised that atleast a lakh of rupees can be set aside for investment to have a meaningful portfolio.

How often will my portfolio be reviewed?

  • The portfolio is reviewed on a weekly basis but it not necessarily mean that action needs to be taken that often. Our experience has been that action on individual securrities need to be taken twice a month.

How can I sell my portfolio in case I need the money ?

  • As the control, ownership and access lies with the investor. One only needs to see their holdings and put sell orders to get access to funds in 2 days.

How will the Risk Management System be executed / implemented on my portfolio?

  • The RMS is ingrained by a well diversified portfolio with high calibre securities. Also the agility of systems enables prompt shifts in asset allocation. Both of the above are administered by a 3-layer analytical system with a strong tracking mechanism.

What is the frequency of getting rebalancing updates in a month?

On an average, rebalancing is done once in a month. Rebalancing could be done 2-3 times in a single month. There could be no rebalancing done for 2 months at a stretch. It totally depends on the market conditions and stocks in your portfolio.

What if I missed rebalancing update?

We providing multiple reminders via app notifications, SMS, emailers & WhatsApp messages. As it is not trades but investments, price fluctuations every few days can have little impact on a portfolio with an investment horizon of 3 years.

Will I get to know the reason/rationale behind rebalancing?

Yes. For securities that need to be bought afresh or sold completely, there will be a rationale for same.

My order failed, how will I execute it?

In case your initial order is failed, kindly check the reason of failure in your broker account and take corrective action. The order will be available again at 5nance site in next 30 minutes for execution.

Haven’t received any update on my order?

On execution of order, the same will reflects within 5 minutes in the 5nance App under your dashboard. In case the order is failed or rejected, the same will be available again in 5nance site in next 30 minutes for execution.

Can I put after-market hours through 5nance?

No, the aftermarket hours' order can not input through 5nance.

My order was executed. But was it executed as a partial order?

The order is normally placed as a market order. 99% of the time, it gets fully executed.Although, it may happen that order gets executed partially. In such a case, a differential quantity will be available for execution in the next 30 minutes on the platform.

What happens if I still am not able to execute the transaction?

  • It will be rebalanced in the next advisory. Besides our individual securities are of very high calibre and less often are impacted by timing.

What will be the min. SIP amount?

You can start an SIP in All Rounder with a minimum amount of Rs. 10,000/- per month.

Can I choose/change my SIP date?

No. You cannot change your All Rounder SIP date. The SIP date for each month is the same as the date of your first month’s subscription.

What is the min and max amount of SIP?

Start a SIP in All Rounder with a minimum amount of Rs. 10,000/- per month. You can add amount in multiples of Rs. 1,000/-.

Portfolio recommendations will be sent as per your chosen SIP amount.

How will I get my SIP portfolio updates?

We are providing multiple reminders via app notifications, SMS, emailers & WhatsApp messages. You can also check them on your All Rounder Dashboard.

What are the fees charged for Advisory-Lumpsum/SIP?

We’re charging a flat fee of Rs.7500/- + 18%* GST on irrespective of the amount for Advisory services - Lumpsum and SIP.

What is the Fee structure for a Managed Portfolio (Lumpsum/SIP)?

  1. Fee structure for a Managed Portfolio: Lumpsum – 2.5% of the total portfolio amount + 18%* GST
  2. Fee structure for a Managed Portfolio-SIP

Monthly SIP amount in Rs.

Fee Structure in Rs.

10,000 – 12,000

3500 + 18%* GST

13,000 & onwards

2.5% of the total portfolio amount + 18%* GST

What are the charges for Top-up?

Rule 1:

Minimum fees on Lumpsum & SIP amounts will be INR 100.

Rule 2:

Fees will be charged for a minimum of 2 months throughout the year of the execution services availed by the client. The exception is Rule 3.

Rule 3:

No top-up will be allowed in the last month of the service period.


Here ‘Service period’ or ‘Service’ means 1 year from the date of availing the execution services.

We’ll charge fees of 2.5% per annum as and when the above-mentioned 3 rules are fulfilled.


The calculation will be done for the remaining period divided by 2. The fees shall be charged for the 2 months’ rounded off.

Remaining months

To be charged for (Months)

























No fees to be charged in the last month. The fees will be charged on a pro-rata basis.

How much brokerage is charged on the trades?

We do not charge customers any brokerage or commission for execution of transactions. Any brokerage/commission levied to the customer will be as per his arrangement with the broker that he is executing the trades with.

Agreement says - Fees charged is only for 6 months, remaining is as complimentary services, in that case will this be the same for every consecutive year or it is only for the Initial year and it will keep on changing year on year?

This is complimentary offer only for first year and the fee charges may vary year on year.

Are there any hidden charges or charges over & above advisory fees?

This product has no hidden fees. We only charge advisory fee as per your plan and investment amount for All Rounder product, apart from same, there is absolutely no charges from 5nance.

Why does 5nance charge an advisory fee?

  • The advisory fee is charged so that the built systems and technology can be made more robust and future proof so that 5nance can continue to provide optimised services to achieve high performance.

It is a fee based investment?

  • We charge a flat fee of Rs 7500/- on Advisory Model and 2.5% on Execution model on the portfolio amount. (Taxes applicable)

Is there any extra/ hidden cost in this?

  • This product has no hidden fees.

Is there a schedule to pay the monthly subscription fees?

  • The advisory fee is charged on an annual basis.

How can I track my portfolio performance?

Our platforms available on web and app. Additionally we shall be sharing the performance update with you each month.

What does 5nance team exactly help me with?

  • 5nance helps with curated advisory which is driven by an AI based system which is continuously evolving with practical intelligence. The intention of this advice is to maxmise investment returns to achieve consistent returns with minimal non-leveraged risk.

Who manages advisory?

  • The research team works very closely with the technology team to build and maintain systems to optimise and improve investment portfolio performance.

How will I get any communication on Rebalancing or updates?

We providing multiple reminders via app notifications, SMS, emailers & WhatsApp messages.

Will I receive any report on my portfolio?

There will be a performance report shared on a monthly/quarterly basis

What happens if I miss the mail or the notification?

  • We provide multiple reminders and because it is not trades but investments, price fluctuations in a few days can have little impact on a portfolio investment horizon of 3 years.

Will the funds be re-deployed post triggering of Stop-Loss or Position Sizing?

  • Not applicable, as we are not a trading based advisory platform.

Will I be getting daily trading calls?

  • All Rounder is an offering with an investment mindset to enable growth generation with little risk. Therefore it is not a run of the mill trading advisory with targets and stop loss. Rather it is a portfolio management which has intentions to build wealth. It takes care of the growth required for financial independence.

Will I get regular update of my investment?

  • Yes the update will be on a monthly basis.

How do I access the transaction details?

  • Each day when transactions take place, a contract note will be emailed after which transactions in the demat account will also be sent across.

Will my subscription get automatically renewed?

You will get subscription renewal notification with renewal link via email, WhatsApp and in app notification. You need to click that link and need to pay the fees as per the portfolio selected.

Do I have pay any additional fee for renewing the services?

No, you do not have to pay any additional fee for renewing the services. You have to pay only the subscription amount as per the portfolio selection.

Can I get a discount on renewal fee If I pay in advance?

There is no any discount or offer on advance renewal fee. You need to pay complete subscription charges as per the selected portfolio.

Can I continue the structure after 3 years?

  • Yes you can.

Will I get my P&L Statement?

P/L statement is issued by the brokers. We have the provision to see the entire trade book.

What about my capital gains, is there a report?

There will be a provisional report from us on the capital gains. Actual capital gain report needs to be collected only where the shares are held i.e. from the stock broker

How can I view my Holdings?

  • All trading and broking accounts have a section which mentions the Holdings. Besides consolidated Holdings statements are also provided by the depositories.


  • In-house research is done by domain experts who hold a significant experience on various investment products and advisory.
  • We provide an exhaustive research on various product classes that helps you make a smarter choice of investments

What is the research methodology that you use?


  • You can initiate the payment through net banking, credit cards whichever are applicable.
  • We provide a platform where you are initiating payments directly to the respective company from where you purchase a product.
  • 5nance uses third party payment gateway for facilitating transfer of amount from customers bank account.
  • 5nance sends the successful order mail to customer on receipt of confirmation from payment gateway (Techprocess or Billdesk). The amount is directly remitted to the bank account of AMC (Asset management company) by payment gateway and does not come to the account of 5nance.
  • In case of debit of amount from customers account but failure of receipt of intimation from PG, the amount would be refunded within 3 to 5 working days to the registered bank account of customers by PG/AMC.

How do I make a payment for the transaction that I initiate?

What if my account is debited but have received the mail for failure of transaction


  • Provide your Email ID and password.
  • Click on the link sent in confirmation e-mail.
  • You are ready to explore the world of 5nance.com
  • At 5nance.com, the Know Your Customer process is extremely simplified.
  • We keep a copy of your documents for all future references.
  • It is backed by an option of sending the documents to us via courier or arrange for a pick up.
  • The registration is absolutely free.
  • There are no additional charges for any transactions executed through us.
  • You can avail our advisory at zero cost. There are no hidden charges.
  • Yes. It’s a mandatory yet simple process.

How can I register myself on 5nance.com?

How is the KYC process taken care of?

What is the cost attached to be a registered member of this site?

Do I need a registration to invest through you?

Useful Topics

  • We facilitate you with various alerts that will help in better management of your finances.
  • You can create customized alerts too.
  • Yes. We have this facility on selected parameters that will help you keep up with the pace of your finances.
  • We pro-actively send you the alerts on your registered mobile number, mail that will help you take better control on your financial aspects.
  • Yes. You can use any part of the site. We offer Budgeting, Financial Planning, Portfolio tracking and investment platforms.
  • We recommend you to use all our offerings to help you have an integrated experience.
  • You can make the best use of our platform in 5 easy steps:
    • Register yourself with 5nance.com and create your profile.
    • Create your budget and track your cash flows.
    • Update your financial portfolio and monitor the growth at different time lines.
    • Create your financial plan and optimise your returns through our advisory.
    • Invest through us and save a transaction cost, otherwise incurred on other platforms.

How will the site help me on a pro-active basis?

Are there any pre-defined alerts?

Can I use only selected features on the site?

What is the best way I can use this site?

Mutual Funds

Mutual fund schemes offer a lower individual risk and higher returns with pooled investments and financial experts at work. There are no additional fees or transaction charges to be paid. You get a personalized list of investment options to choose from on our platform.  With a hassle-free process that is easy to understand and convenient, this investment avenue saves you a lot of time.

You can invest with convenience and ease in top-performing SIPs. As you invest during market highs and lows, market volatility doesn’t impact your investment harshly. Another advantage is that you get less units when the markets are high and more units when the markets are low. This averages out the purchase cost of your mutual fund units. You’re even free from timing the market and can always reinvest the returns that you earn. To see the expected returns on a year-on-year basis, just use our SIP calculator.

As investment is made in varied asset classes, the overall risk on your investment is reduced and your returns can multiply.

Mutual funds can be great investment options as they have something for everyone! It doesn’t matter if your motive is saving up, looking for a tax-saving investment, or wealth generation, mutual funds have it all covered. If you are looking to park your surplus money or for tax benefits, mutual funds might be the right pick for you!

Generally subject to market risks, not all mutual funds are exposed to the equity market. So, not all of them are risky! If you are looking to gain safety along with stable returns, then you can choose to invest in debt funds. Note that even a long-term investment in equity funds could be safe while providing you greater returns.

The entire KYC process can be done for free either online or offline and usually takes only 10 minutes of your time.

Approaching an advisor/distributor is a great option if you are investing in mutual funds for the first time. We at 5nance can act as one for you! This could be a smart and cost-efficient choice as we do not charge you any fee for our services.

  • Compare funds via past returns, ratings, etc.
  • Select the best mutual funds
  • Verify your KYC. Get a seamless KYC experience by permitting your mobile’s camera to upload your pic
  • Make quick, easy payments via Debit Card, Net Banking or UPI
  • Begin your monthly SIP or one-time investment

You can invest in open-ended mutual funds at any time. In fact, they also allow you to invest a lumpsum amount at any time if you do not have a regular income or as SIPs to save regularly.

Yes, SEBI (Securities and Exchange Board of India) has mandated all applicants to be KYC-compliant. You can get your KYC done either online or offline.

If the KYC process has been completed with the correct information once, you can invest in any number of mutual funds without having to update your KYC.

When you want better returns along with the safety of your money, choose our algorithmic product offering - Algrow. It increases the possibility of higher returns while the money you’ve invested stays safe. This feat is achieved by intuitively switching between equity and debt funds as per market fluctuations. The funds that comprise this product come from reputed fund houses like HDFC, Aditya Birla Sun Life, Canara Robeco etc. Try FIT-SIP, our unique investment product too that could get you consistent returns. The selected funds are well-researched and extensively back-tested. So you can achieve a specific target in your desired time-frame.

Top AMCs offering hassle-free SIPs

a) Reliance Mutual Fund

b) Aditya Birla Sun Life Mutual Fund

c) Franklin Templeton Mutual Fund

d) Tata Mutual Fund

e) Mirae Asset Mutual Fund

f) Axis Mutual Fund and counting.

What are the advantages of investing in a mutual fund?

What are the perks of investing in a SIP?

What are the benefits of making a lumpsum investment?

How profitable* are mutual funds?

How safe is it to Invest in mutual funds?

How much does a KYC update cost?

How much brokerage does a mutual fund distributor charge you?

How to invest in mutual funds?

Can you invest in mutual funds at any time?

Is KYC necessary to invest in mutual funds?

Do you have to update your KYC before investing in mutual funds?

Is there any way I could get higher returns?

Which are the mutual fund partners that’re associated with 5nance?

Health Insurance

Health insurance is a type of insurance that covers your medical expenses. A health insurance is a contract between you (the insured individual/group) and the insurer, wherein the insurer agrees to cover your specified medical bills and other treatment-related expenses at a particular premium.

There are several forms of health insurance that offer a range of health covers depending on your (the insured’s) need and choice. However, the Hospitalization Plan is the most common and widely popular form of health insurance in India. The type and amount of healthcare costs that will be covered by your health plan are specified in advance.

Further, your insurer can cover the cost as per your convenience in the following ways:

  • Cashless Facility (Direct Payment to Hospital)
  • Reimbursement of expenses associated with illness and injuries

Disbursement of a fixed benefit on occurrence of an illness

Insurance companies have tie-up arrangements with several hospitals all over the country as part of their network. When you opt for cashless facility under your health insurance plan, your hospital bills are taken care of by a Third-Party Administrator on behalf of your insurance company. This applies to hospitalization and treatment in any of the specified network hospitals. Thereupon, you will have not to pay a single penny in case the expenses incurred are within the limits or sub-limits that’re allowed by your insurer. If, however, your medical bill is beyond the specified expense limit or includes any unspecified costs not covered under your policy, then you will have to settle the residual amount with the hospital directly. The same goes for treatments taken in a hospital that is not in the network.

Health insurance comes with attractive tax benefits as an added incentive. There is an exclusive section of the Income Tax Act which provides tax benefits for health Insurance-Section 80D.

Under this section, any individual who purchases a health insurance policy by any mode of payment other than cash can avail tax deduction of INR 25,000. This deduction can also be claimed for premium paid with insurable interest towards your spouse, your dependent children or dependent parents.

If your dependent parents are more than 60 years old, then you can claim deduction of up to INR 50,000.

In case both you (the taxpayer) and your dependent parents are 60 years or above, then the maximum deduction you can avail is to the extent of INR 100,000. For example, suppose a taxpayer named Roshan is 65 years old and his father’s age is 90. In this case, the maximum deduction Roshan can claim under section 80D is INR. 100,000.

In addition to this, a cumulative additional deduction of INR 5,000 is allowed for the preventive health check up to individuals effective from FY 2015-16.

Several factors affect your Health Insurance premium. Some key factors are as follows:

  • Gender: Many insurance companies offer different premium rates for men and women.
  • Age: The younger you are, the lower will be the premium rates. This is because young people are less prone to illnesses.
  • Medical History: If you are a healthy individual with no prior medical history, the premium offered to you will automatically be lower.
  • Consumption of injurious substances: Everyone knows smoking is injurious to health. If you do not smoke, you will benefit lower rates of premium.
  • Insurance History: Having a previous health insurance plan deems you responsible in the insurer’s eyes. It is even more beneficial in case you have claim-free years, as it increases your chances of getting a lower premium.

Premium rates may also vary depending upon factors like your marital status, choice of profession, place of residence, and prevailing taxes/GST.

The features included and excluded in a health insurance policy depend upon the insurance company, you choose. Generally, pre-existing conditions are excluded under Health Insurance policy.

Pre-existing conditions refer to any health problems an individual might be facing before seeking health insurance. These include usual suspects, such as diabetes, asthma, high blood pressure, cancer, and even acne.

Further, most health insurance policies generally exclude certain diseases from the first year of coverage and also impose a waiting period. You must read the prospectus/policy you are interested in to get a fair idea of disease and treatment coverage along with the terms and conditions.

Certain standard exclusions in every health insurance policy are as follows:

  • Cost of spectacles
  • Contact Lenses and Hearing Aids
  • Dental treatment/surgery
  • Convalescence
  • General Debility
  • Congenital External Defects
  • Venereal Disease
  • Intentional Self-Injury
  • Use of Intoxicating Drugs/Alcohol
  • AIDS
  • Expenses for Diagnosis
  • X-ray or Laboratory tests not consistent with the disease requiring hospitalization
  • Treatment relating to Pregnancy or Child Birth including Cesarean Section,
  • Naturopathy Treatment

Most insurance companies provide a 15-day grace period for renewing your policy. This means you have a chance to pay the premium within the next 15 days if you miss the expiry date. However, you will not get any coverage from the insurance company during this period. Further, your policy will lapse in case you do not pay the premium within the extended grace period.

  • After a claim is filed and settled, your policy coverage is reduced by the amount that has been paid out on settlement.
  • For Example, suppose you buy a policy in January that offers coverage of INR 5 lakh for the year. Then, in April you make a claim of INR 2 lakh. Your balance for the rest of the year (May to December) will be INR 3 lakh, and the policy will continue as it is. You will suffer no reduction in benefit.

You can make any number of claims during the policy period provided that there is no cap prescribed in your policy. However, the maximum monetary limit is the sum insured under the policy.

Some health insurance policies pay for specified expenses towards a general health check-up once in every few years. This referral is termed as health-check facility. Generally, this is available once in four years.

  • Family Floater is a package policy that takes care of the hospitalization and treatment expenses of your entire family. It covers all sorts of medical expenses including sudden illnesses, accidents, and surgeries.
  • Family Floater plans are usually more beneficial rather than buying separate individual policies for each family member. Here you pay premium for one single sum insured and the coverage can be utilized by any or all insured persons. The claim can be made in any proportion or amount subject to the maximum overall limit of the policy sum insured.

Medical emergency can strike anyone at any time without any prior warning. In addition to that, healthcare is becoming increasingly expensive. Technological advances, new procedures, and more effective medicines have also driven up the cost of healthcare. Nonetheless, you cannot ignore the need for hospitalization and/or treatment just to save up some money. Health insurance can provide you the much needed financial cover against unexpected costs of hospitalization in such trying times.

  • Log onto 5nance.com/corporate/Insurance
  • Get quotes for Health, Motor or Life Insurance
  • Select the product, you need
  • Pay at the Insurer Payment Gateway
  • Fill the Proposal Form, upload the documents
  • Your Policy gets issued

Yes. Most insurance companies have an initial waiting period of minimum 30 days. This means that any claim made upto 30 days from the policy’s inception date will not be admitted (except for accident cases). This restriction has been put so that people do not exploit insurance companies by buying a policy after being diagnosed with a serious condition.

Yes. You can transfer your policy from one insurance company to another without losing any renewal benefits. The Insurance Regulatory and Development Authority (IRDA) had issued a circular effective from 1st July, 2011 in compliance with the same. It directs the insurance companies to allow portability from one insurer to another and/or from one plan to another. It further allows you (the insured) to keep any and all renewal credits for pre-existing conditions accumulated in the previous policy. However, this credit is limited to the sum insured (including bonus) under the previous policy. You must check with your insurance company for further details and/or clarification.

Insurance providers:

  • Religare
  • HDFC Ergo
  • Aditya Birla Capital

What is Health Insurance?

What are the forms of Health Insurance available?

What is cashless facility?

What are the tax benefits I get if I opt for Health Insurance?

What are the factors that affect Health Insurance premium?

What does a Health Insurance policy not cover?

What if my policy is not renewed in time before expiry date, will my renewal be denied?

What happens to the policy coverage after a claim is filed?

What is the maximum number of claims allowed over a year?

What is ‘health check’ facility?

What do you mean by Family Floater Policy?

Why is Health Insurance important?

How to buy insurance?

Is there any Waiting Period for claims under a policy?

Can I transfer my policy from one insurance company to another without losing the renewal benefits?

Which are the insurance companies that’re associated with 5nance?

Motor Insurance

Third-Party Liability Insurance is mandatory for all vehicles plying on public roads in India. However, if you are confused between comprehensive and liability only insurance, it is better if you first understand what each type of insurance offers.

  • Comprehensive or Package insurance covers damage to others as well as your vehicle, including property damage and bodily injuries. It is also known as fully comp insurance.
  • Liability only insurance covers damages and injuries caused to others by your vehicle. Any damage to your vehicle is your own problem. It is also known as Act only insurance.

It is best to buy a Comprehensive Package Policy, which covers both ‘Own damage’ along with ‘Third-Party Liability’. Some insurance providers also offer additional riders for maximum protection at a nominal fee.

Motor insurance coverage requirement varies from person to person and vehicle to vehicle. Most insurance companies typically provide unlimited coverage for Third-Party Injuries and upto a sum of INR 750,000 for Third-Party Property Damage. However, if you want to get a lower ‘Liability only’ premium, you have the option to restrict coverage for Third-Party Property Damage to INR 6,000. Further, since different insurance companies provide different features for similar coverage, you can settle on the one that offers the most competent premium rates and riders as per your needs and capability.

A motor policy is usually valid for a period of one year and has to be renewed before the due date. No Insurer currently offers a grace period for paying the premium. So, it is important to pay the premium on time. In case of lapse of policy by even one day, your vehicle will have to be inspected again by the insurance company.

Additionally, you will lose the accumulated benefit of NCB (No Claim Bonus) if you have a lapse for more than 90 days in your comprehensive policy.

No Claim Bonus (NCB) is a form of reward for you (the vehicle owner) for not making any claims during the policy period. It helps you get a significant discount on premium during renewal. However, most insurance companies in India consider NCB of minimum 5 years when working out a discount. It is likely to get you a discount in the range of 20 to 50% on own-damage or comprehensive premium. It is not applicable on Liability only premium.

If, however, a claim is lodged, No Claim Bonus is lost in the subsequent policy period.

Further, NCB is given to you (the insured) and not to the insured vehicle. Hence, on transfer of the vehicle, the insurance policy will be transferred to the new owner but not the NCB. You as the original owner can, however, use the NCB on a new vehicle purchased.

Yes. You can get your NCB migrated if you change your insurer on renewal. However, you will need a proof of the NCB earned. You can get it by asking for a renewal notice or a letter confirming NCB entitlement from the previous insurer.

Alternatively, you can produce your original, expiring policy along with a certification that you have lodged no claims on the expiring policy.

Motor insurance deductible (also known as ‘excess’) is the amount of money that you have to pay toward repairs or other bills before your insurance company covers the rest. For example, if you have an accident that causes INR 5,000 worth of damage and your deductible is INR 1,000, you will have to pay INR 1,000 toward the repair. Your insurance company will pay the remaining INR 4,000.

Further, there is a compulsory deductible in motor insurance covers as follows:

  • INR 100 for motorized two wheelers
  • INR 1,000 for private vehicles not exceeding 1500cc
  • INR 2,000 for private vehicles exceeding 1500cc

You can also apply for voluntary deductibles in your vehicle insurance plan for possible discount on premium. However, do check with your insurance company regarding their discount offers before applying.

If you want to record any changes, you can do so by getting an endorsement on your insurance policy. The changes may include:

  • Change of Address
  • Modifications to the vehicle
  • Modifications to the purpose of use etc.

You have to submit a letter to the insurer along with proof of changes in order to obtain the endorsement. You may also have to pay additional premium for some endorsements. Also, do check the accuracy of endorsement before accepting.

Certificate of Insurance is a document issued by your insurer showcasing all the details of your effective insurance plan for your vehicle.

As per Rule 141 of the Central Motor Vehicle Rules 1989, it is mandatory for your insurer to issue a Certificate of Insurance along with the policy document at the time of purchase or renewal. In addition to this, the certificate must be issued in the format laid down in Form 51 as given under the Motor Vehicle Rules.

You must always carry this certificate in your vehicle. It is required for any sort of police inspection along with other important documents such as your driving license. It is also advisable to keep a copy separately at home or office.

You must always carry the following documents while plying in public places:

  • Certificate of Insurance
  • Xerox copy of Registration Certificate
  • Pollution under Control Certificate
  • Photocopy of Your Driving License

You are required to submit the following documents when making a Motor Insurance claim:

  • Duly filled-in claim form
  • RC copy of the vehicle
  • Original estimate of loss
  • Original repair invoice and payment receipt.

In case you want to avail cashless facility, only the repair invoice would be needed. You may also be asked to submit an FIR in case of theft.

In case of a pure theft claim, you will have to submit the keys of the vehicle as well along with the FIR and a non-traceable certificate.

Third-Party Liability (only premium) rates are laid down by IRDA.

In case of own damage or comprehensive insurance covers, various factors are used to determine the payable premium for your motor insurance. Further, different insurance companies may provide different coverage, deductibles and IDV for the same vehicle after duly filing rates with the Insurance Regulatory and Development Authority. There may also be a significant difference in premium rates offered for similar coverage by different insurance companies. So, it is best to compare three or more insurers before buying a policy.

You can use the 5nance platform to get a list of offers from various insurance companies in one place. You will need the following information:

  • Vehicle registration details with Engine No. (Used to calculate Insured Declared Value or IDV)
  • Chassis No.
  • Class and Age of vehicle
  • Cubic Capacity
  • Seating capacity (All relevant details are in the RC book/card)
  • Tax paid details
  • Certificate of fitness
  • Driver Details
  • Age
  • Gender
  • Qualifications
  • License Validity
  • Previous insurance history, if any.

In case of break in insurance, vehicle inspection is required and extra charges may be incurred for the same.

  • Log onto 5nance.com
  • Get quotes for Motor Insurance
  • Select the product, you need (two-wheeler, car insurance)
  • Pay at the Insurer Payment Gateway
  • Fill the Proposal Form, upload the documents
  • Your Policy gets issued

Insurance companies in India offer discounts on motor insurance premium for the following:

  • Membership of ARAI (Automobile Association of India)
  • Vintage Cars (Or Private cars certified by the Vintage and Classic Car Club of India)
  • Specially designed or modified vehicles for the blind, handicapped or mentally challenged individuals
  • Installation of Anti-Theft Devices approved by the ARAI
  • Impressive Credit Score
  • Long-Time Customers
  • Higher Deductibles
  • Low Annual Mileage
  • Voluntary Deductibles
  • More than one vehicle
  • No accidents in a period of over 3 years

It is important to remember that different insurance companies have different criteria and discount offers. So, it is best to check with your insurance provider directly to avoid any confusion.

Yes. Service Tax is applicable on all motor insurance policies. It is as per the prevailing rule of law.at any given time.

The premium rate applicable on a vehicle is reckoned on the basis of city of registration (not the place where the vehicle is used).

For example, if your vehicle is registered in Chennai in Zone A, the rate applicable for Zone A is charged. The same rate will be applicable even if you shift to a different city / town.

Similarly, if a vehicle is registered in a town in Zone B, it will attract Zone B premium rates. Subsequently if the owner shifts to a metro, he will continue to be charged the Zone B rate.

Yes. Insurance companies usually have a clause on CNG and/or LPG conversion. So, it is necessary to inform the Insurance Company if you fit a CNG or LPG kit in your vehicle. As it is considered as a major modification to the vehicle, it has to be endorsed in your insurance policy. If you fail to do so, your entire policy will be nullified at the time of the claim.

You must also notify the RTA (Road Transport Authority) office where your vehicle is registered. It is crucial for the accurate updation of the registration certificate (RC) of the vehicle.

Yes. You can transfer your insurance to the buyer of your vehicle. However, the new owner will have to submit a proof of transfer (in writing from the seller-You) to the insurance company along with a fresh proposal form. He will also have to pay a nominal fee for transferring your insurance. This includes pro-rata recovery of NCB from the date of transfer till policy expiry.

No. Registration and insurance of the vehicle should always be in the same name and with the same address. The claim is not payable otherwise.

Besides, there is a nominal fee charged for transfer of insurance, which includes pro-rata recovery of NCB from the date of transfer till policy expiry. You simply need to submit a fresh proposal form along with a proof of transfer from the previous owner.

Further, it is mandatory to record the transfer of ownership within 14 days from the date of transfer in case of comprehensive/package policies. If you fail to do so, no claim will be payable to for own damage to the vehicle.

Yes. You can easily get a duplicate copy by approaching the same office that issued your original insurance policy. You may have to submit a written request and pay a nominal fee for the same.

  • New India Assurance
  • Bajaj
  • HDFC Ergo

What Motor Insurance cover should I buy? Should I buy Comprehensive Insurance or Liability Policy only?

What coverage limit meets my needs?

What is the period of the policy?

What is ‘No Claim Bonus’?

What if I want to change my insurance company? Will my No Claim Bonus get migrated?

What is deductible?

What is the procedure for recording any changes in the policy?

What is a Certificate of Insurance under Motor Vehicle Act?

What are the documents to be kept in the vehicle while plying in public places?

What are the documents that need to be submitted for a Motor Insurance claim?

How is the premium determined?

How to get your vehicle insured

Are there any discounts that will lower my premium?

Is Service Tax applicable and how much is it?

If I am using the car in a particular city, what premium rate is applied?

Is it necessary to inform the Insurance Company if I fit CNG or LPG kit in my vehicle?

Can I transfer my insurance to the purchaser of my vehicle?

Can I continue the insurance in the name of the previous owner even after the vehicle is transferred in RTO records in my name?

I have lost the insurance policy. Can I get a duplicate one?

Which are the motor insurance partners that’re associated with 5nance?


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