Miles Wealth is a platform designed to simplify mutual fund investing. We offer personalized mutual fund investments based on your financial goals and risk tolerance, aiming to make investing accessible and straightforward for everyone.

You’ll need your PAN card, proof of identity (like Aadhaar, Passport), and Digilocker credentials to fetch your address proof. These documents help complete your KYC, which is necessary before you can start investing. To add your bank account, do keep your bank account details handy! Happy Investing!

KYC (Know Your Customer) is a mandatory verification process where we confirm your identity using documents like PAN and Aadhar. It’s required by regulatory authorities to prevent fraud and ensure secure investing. Happy Investing!

Miles Wealth has four key sections: 1. Home: View your portfolio overview, investment analysis, and investment details. 2. Invest: Explore curated collections of mutual funds. USP: RISK PROFILE BASED COLLECTION, based on your risk profile and financial goals. 3. Goals: Select and track essential financial goals, like retirement, buying a home, or education. 4. More: Access profile settings, transaction history, and other account-related information.

In the Goals section, you can choose from a list of predefined financial goals, such as retirement, child’s education, or buying a home. Miles Wealth recommends funds based on your chosen goals and timelines.

Even if Miles Wealth shuts down, rest assured your investments are completely safe, as they are securely held with mutual fund companies (AMCs). Miles Wealth acts solely as a facilitator, helping you assess your financial profile, understand your goals, recommend suitable mutual funds, and process transactions seamlessly. Your investments are not directly with us but with trusted mutual fund companies. While we hope such a day never comes, in the unlikely event that Miles Wealth shuts down, your investments remain intact. You can manage and redeem them directly through mutual fund companies, RTAs like CAMS or KFintech, or platforms like MFCentral. To access your funds, you’ll need to provide basic information such as your name, email, phone number, and PAN for verification. Your wealth will always be accessible and protected, regardless of our platform’s status.

Our home page (dashboard) provides a clear overview of your investments, including: Invested value Current value Gains/losses Investment details For in-depth analysis, click "View Analysis" to see: Portfolio movement: Track your portfolio's performance over time. Asset allocation: Your exposure to stocks, bonds, and others. Portfolio exposure: A breakdown of your portfolio exposure to individual equity holdings, sector exposure and market cap exposure details. With Miles Wealth, you have complete transparency and control over your investments.

Our Invest page has everything you need to start your investing journey: Trending Collections: Discover mutual fund categories that are making waves right now. Personalized Picks: Our Risk Profile Based Collection suggests the perfect funds for you, based on your risk tolerance and goals. Explore & Discover: Browse through top equity mutual funds or simply search for specific ones. Ready to get started? Try our Risk Profile Based Collection! Let's create wealth!

The More section allows you to view your profile details, transaction history, track ongoing SIPs, cancel SIPs, and manage other account-related information.

At Miles Wealth, we take a personalized approach to mutual fund selection. We begin by understanding your individual financial goals and risk tolerance. Then, we leverage our expertise and data-driven insights to curate a portfolio that aligns with your needs. Here's a breakdown of our process: Macroeconomic Analysis: We assess the broader economic landscape to identify potential investment opportunities and risks. Asset Allocation: We determine the optimal mix of asset classes (stocks, bonds, etc.) based on your risk profile and goals. Fund Selection: We carefully evaluate mutual funds within each asset class, considering factors like: Fund's investment objectives Fund manager's experience and track record Portfolio diversification Expense ratios Past performance (risk-adjusted returns & 15 other factors Our goal is to recommend mutual funds that not only help you achieve your long-term financial goals but also align with your risk appetite and investment horizon. By following this process, we ensure that your investments are suitable for your individual needs.

Traditional options like FDs and gold have lower growth potential compared to mutual funds. - FD returns have historically been low due to their low-risk nature. - Many Indians consider purchasing gold jewelry as an investment, but an investment should be viewed with the potential for exit at a higher value. Since gold bought in the form of jewelry is typically for personal use, and the likelihood of selling it is low, it is better considered a luxury expense rather than an investment. On the other hand, mutual funds provide the opportunity for higher returns by investing in a diversified portfolio of stocks, bonds, and other assets that can outpace inflation over time.

While other platforms focus on a DIY approach (requiring you to have substantial investing knowledge) or charge hefty advisory fees, Miles Wealth provides actionable insights and curated mutual fund portfolios that align with your risk tolerance and financial goals.

Returns vary depending on the type of mutual fund and the market conditions. While equity funds may provide higher returns over the long term, debt funds offer more stability with lower returns. It’s important to invest based on your risk tolerance and time horizon.

At Miles Wealth, we curate mutual funds that perfectly align with your risk tolerance and financial goals. We don't chase high returns for the sake of it; our focus is on finding investments that match your unique needs. Remember, all investments carry risks. Equity funds can fluctuate with stock market changes, and debt funds are influenced by interest rate movements. However, mutual funds mitigate risk by investing in a diversified portfolio of assets. By understanding your risk appetite and financial goals, we ensure your investments are not just profitable but also suitable for your journey.

No, you don’t need large amounts of money to get started. You can begin investing with as little as ₹100. We make it accessible for everyone to start building wealth.

Mutual funds typically offer higher returns compared to FDs and gold. They also provide diversification, liquidity, and professional management, helping you grow your wealth over the long term.

We offer curated baskets of mutual funds tailored to your financial goals and risk tolerance. These include equity funds, debt funds, balanced funds, and other categories suitable for both short-term and long-term goals.

You can generally withdraw your mutual fund investments anytime. However, it's important to consider the following: Exit Loads: Some funds charge exit loads, especially for early withdrawals. This is typically a percentage of the investment amount and can vary by fund type. For example, equity funds may attract about 1% for withdrawals within a year. Some funds have shorter or no exit load periods. Financial Goals: Aligning withdrawals with your financial goals is crucial. Avoid withdrawing funds for short-term needs, if possible, as it can disrupt your long-term investment strategy. Tax Implications: Selling mutual fund units early can attract short-term capital gains tax. This applies to: - Equity funds: Held for less than 1 year. - Debt funds: Held for less than 3 years. Note: Long-term capital gains tax rates are generally lower than short-term gains. Remember: Always check the specific fund's exit load structure and lock-in period before investing. Avoid short-term trading and focus on long-term investing for optimal results.

Miles Wealth is open to all Indian residents! Whether you're a first-time investor or have experience, we can help you simplify your investment journey. No need for extensive financial knowledge – we curate mutual funds to match your needs. Ready to get started? Check out our "How to get started with Miles Wealth?" post. For corporate investment inquiries: Contact us at support@mileswealth.in

While mutual funds primarily accept electronic payments, there's a provision for cash investments up to ₹50,000 per investor per financial year. This is primarily for convenience and to cater to those without access to digital payment methods. Who Can Invest in Cash? Only resident individuals, sole proprietorships, and minors (represented by their guardians) can invest in mutual funds using cash. All investors must be KYC compliant and have a valid bank account. Important Considerations: Redemption Payout: Proceeds from redemptions and dividends will be paid to your registered bank account. Bank Mandate: Ensure your bank account details are updated in your application form or folio record. Remember: Cash investments might have limited availability and additional procedures compared to electronic transfers. It's always advisable to check with the specific mutual fund house for the latest guidelines and restrictions.

Many people hesitate to invest due to financial literacy gaps, fear of market risks, and the complexities of traditional investing. Juggling busy lives, they often overlook the importance of long-term financial planning. Miles Wealth simplifies investing with personalized mutual fund recommendations tailored to your goals and risk tolerance. Our platform is designed for first time investors, busy individuals, and those who find traditonal options too complex, we offer a hassle-free way to build wealth.

We generate revenue through a commission-based model. This means we earn a small percentage of your investment as commission. It's a win-win situation: We succeed when you succeed. Here's why this model benefits both you and Miles Wealth: Aligned Interests: Our success is tied to your financial growth. We're incentivized to provide you with the best possible investment advice and support. Transparency: Our fee structure is clear and upfront, with no additional charges. Fair Compensation: The commission we earn is a fair reward for the value we provide in helping you make informed investment decisions. Ultimately, Miles Wealth's revenue comes from your success. By helping you grow your wealth, we grow our business.

The expense ratio reflects the cost of managing the mutual fund. Funds with higher active management, like equity funds, tend to have higher ratios compared to passively managed or debt funds. We ensure the funds we recommend offer value for the cost.

Yes, you can invest in as many mutual funds as you'd like! Diversification is key to managing risk and maximizing potential returns. However, it's important to avoid excessive diversification, which can dilute the impact of your investments. Our recommendation: Focus on building a well-diversified portfolio that aligns with your risk tolerance and financial goals. This might involve investing across different asset classes (like stocks, bonds, and gold), sectors, and fund types (index funds, actively managed funds, etc.).

The best returns depend on your investment goals and risk tolerance. Equity funds may offer higher returns in the long run, but they come with higher risks. Debt funds are more stable but may have lower returns. Miles Wealth recommends funds based on your profile to maximize returns suited to your needs.

With ₹5,000 per month, you can start a SIP (Systematic Investment Plan) on Miles Wealth. Based on your goals and risk tolerance, the app will recommend suitable mutual funds to help you build wealth steadily over time. Checkout our "Invest" and "Goals" page for personalised investing. Happy Investing!

Redeeming your investments is straightforward on Miles Wealth. Simply go to your investment details on the "Home" page, select the mutual fund you want to redeem, and follow the steps. The amount will be credited to your bank account within the 1-3 working days.

Both SIP and lumpsum investments have their advantages. If you have a lump sum amount from your bonus, you could invest it at once to put your money to work immediately. On the other hand, increasing your monthly SIP using the salary hike ensures disciplined and regular investing over time. A balanced approach could be investing a portion of your bonus as a lumpsum and using the rest to boost your SIP. This way, you’re growing your investments steadily while also benefiting from the larger one-time amount.

Since your goal is just three years away, it’s important to prioritize stability over high-risk, high-return investments. For such short-term goals, you might consider investing in debt mutual funds or hybrid funds, which offer a balance of stability and moderate growth. These options can provide better returns than a savings account or FD while managing the risk effectively. Miles Wealth can help you choose funds aligned with your risk tolerance and time horizon, ensuring you stay on track to meet your goal of purchasing a car.

Mutual funds pool money from many investors to invest in a diversified portfolio of stocks, bonds, or other securities. They are managed by professional fund managers and are designed to help individuals invest without needing in-depth market knowledge.

Mutual funds are broadly categorized based on their underlying investments and risk profiles. Here are some common categories: 1. Equity Funds: Large-Cap Funds: Invest in large, well-established companies. Mid-Cap Funds: Invest in mid-sized companies with growth potential. Small-Cap Funds: Invest in small, emerging companies with high growth potential. Sectoral Funds: Focus on specific sectors of the economy (e.g., technology, healthcare, FMCG). Thematic Funds: Invest in stocks aligned with specific themes (e.g., renewable energy, electric vehicles). 2. Debt Funds: Liquid Funds: Invest in short-term debt securities, offering high liquidity and low risk. Money Market Funds: Focus on highly liquid money market instruments. Short-Term Debt Funds: Invest in debt securities with maturities of less than 1 year. Long-Term Debt Funds: Invest in debt securities with maturities of more than 1 year. Gilt Funds: Invest in government securities. 3. Hybrid Funds: Balanced Funds: A mix of equity and debt securities. Income Funds: Prioritize regular income generation. Arbitrage Funds: Aim to profit from price differences between related securities in different markets. 4. Index Funds: Track a specific market index (e.g., Nifty 50, Sensex). 5. Exchange-Traded Funds (ETFs): Trade on stock exchanges like stocks, offering flexibility and lower expense ratios compared to traditional mutual funds. 6. Special Funds: ELSS (Equity-Linked Savings Scheme): A type of tax-saving fund with a mandatory lock-in period of 3 years. Retirement Funds Children Education Fund 7. International Funds: Invest in securities of foreign markets. Understanding mutual funds is crucial for successful investing. Not all funds align with every investor's goals and risk tolerance. At Miles Wealth, we personalize your investment journey. We carefully select mutual funds that match your specific needs and risk appetite. This ensures you're not just investing, you're investing wisely.

Asset classes refer to broad categories like equity, debt, real estate, and commodities. Sub-classes narrow these down, such as large-cap, mid-cap, and small-cap for equity, or short-term, long-term, and liquid for debt.

Mutual funds offer diversified investments, reducing risk by spreading money across various assets. FDs are safer but offer lower returns and most don't even beat inflation, while stocks have higher potential returns but come with higher risks.

SIP is a way to invest small, fixed amounts in mutual funds at regular intervals (e.g., monthly), which helps average out market volatility and build wealth over time.

Lumpsum investing involves making a one-time investment in mutual funds, which can benefit from immediate market growth but also exposes you to market timing risks.

SWP allows you to withdraw a fixed amount from your mutual fund investments at regular intervals, providing a steady income stream, especially useful in retirement.

Taxation depends on the type of mutual fund and the holding period. Equity funds held for more than a year are subject to long-term capital gains tax (12.5% for gains above ₹1.25 lakh), while debt funds have different tax structures based on holding periods and income slabs.