Use advice plus support to build a winning portfolio and reach your financial goals, faster.
1. How can I start using Unovest MF Platform?
It’s simple. Create a FREE online transaction account with Unovest at smart.unovest.co.
As soon as you login, enter your Common Account Number (CAN). For verification, upload or send across the CAN confirmation email from MFU. We will verify the CAN and activate your online transactions.
Go on to set your Goals and complete your Risk Profile.
Once you are through this, you can start investing online in direct plans of mutual funds.
In case you don’t have a CAN, you can create your CAN online. It is a one time, highly useful exercise. http://unovest.co/2019/08/e-can-transact-online-mutual-funds/
You can also upload your existing mutual fund portfolio that you have and view reports and analysis. You can map the investments to your goals and track your progress on those goals.
Note: Your account is FREE for first 30 days from the date of sign up. Do Online transactions in Direct Plans in multiple family CANs and view various reports. Please note, a CAN is required for doing online transactions.
2. What is a FREE Trial Account?
A Free account enables you to do several things including transact online in direct plans of mutual funds. You get a feel of what is in store. In the 30 days of your free trial account, you can use it to
- Add and track your goals,
- Upload your existing mutual fund portfolio in 1-click,
- Map your existing MF folios with your CAN(s) as well as to your goals and
- View quick portfolio reports including a summary, analysis, gain/loss and switch report.
With a FREE Trial account, you can do it yourself without using any support or advice. Once you are ready to take your experience further with the required advice + support, you can sign up for a premium account.
3. What is a Premium Account?
A premium account is your next step. Once your 30 day trial is over, you can continue to use your Unovest account with a subscription fee.
With a premium account, you are entitled to support from us. You can ask as many questions as you want using your My Questions section in your account and we will respond to them patiently.
To subscribe, go to the Premium Section -> Subscribe page in your Unovest login.
For MF portfolio recommendations, please see Insider Plus.
4. What is a CAN or Common Account Number?
CAN or Common Account Number is a unique identity for your mutual fund transactions, issued by MF Utilities, Mutual Fund Industry initiative.
To know more about CAN and its benefits, click here.
To know how to get a CAN online, paperless, click here.
Please note that in case of eCAN, only confirmed CANs work on Unovest and not Provisional CANs.
5. What type of transactions can I do through Unovest?
You can make lumpsum purchases, start SIPs and do STPs, SWPs and make Switch transactions (including that from regular plan to direct plan) through Unovest.
Currently, you can do transactions in schemes of 28 fund houses.
6. Who all can invest through Unovest?
Anyone can use Unovest to track MF portfolios and goals for multiple family members.
However, only Individuals and Joint holders (in ‘anyone or survivor’ holding mode) will be able to transact online as of now. HUF, Companies, etc., cannot transact through Unovest.
7. Can an NRI invest through Unovest?
Yes, an NRI too can create an account and invest through Unovest.
Note: US and Canada based NRIs are restricted by several mutual funds from making investments. To know more, click to read this.
8. Can I use the same account to view and transact in my family portfolio?
Oh yes, of course. You can have multiple CANs belonging to your family members, mapped to the same account / login. Family includes you, your spouse, dependent children and parents.
You can transact and view CAN based reports for various family members through a single login.
9. Is there a per transaction fee?
No, there is no per transaction fee. In fact, there is no transaction fee at all on Unovest. With a valid CAN, you can do UNLIMITED number of transactions in direct schemes of the enrolled mutual funds.
10. Which Mutual Funds are currently available?
While you can track and manage any scheme from any mutual fund, you can transact in schemes from following mutual fund houses.
- Birla SunLife
- BNP Paribas
- Canara Robeco
- DHFL Pramerica
- Franklin Templeton
- ICICI Pru
- India Infoline
- L & T
- Motilal Oswal
- Principal PNB
- Reliance Nippon
11. Is my data safe? How secured are the online transactions?
The Unovest platform is secured with a verified Thawte SSL web server security, capable of up to 256-bit encryption and complies with the strongest identity authentication standard available today. You can verify it by clicking on the Thawte seal that appears at the bottom of smart.unovest.co.
For execution of your fund transactions, we have patterned with MFU which ensures a secured environment to transfer transaction data.
“No transaction data will be stored in MFU for beyond a certain period. Besides, MFU infrastructure has multi-layered security features with state-of-the-art security appliances which are thoroughly tested through independent security testing agencies. In addition, MFU will only act as a Transaction Aggregation Portal which will accept and forward the transactions to the respective AMC/RTA.”
12. How can I switch my existing investments in regular plans to direct plans through Unovest?
Once you have created an account with Unovest, you can upload your existing mutual fund details. Here is how to do it: Track all your mutual fund portfolio in one place with Unovest
Post, that map your folios to your CAN using CAN folio mapping. You will then receive an alert on the schemes that can be converted into Direct Plans. You can also view those investments that are free of capital gains as also of the lock-in period.
Note: Your CAN holding type should match your actual MF holding type. Only then you can use the CAN to transact in your existing MFs.
13. Will you tell me which mutual funds to invest in?
Yes, we understand that choosing a mutual fund may not be an easy task.
To help you with this, you can choose one of our suggested portfolios based on your risk profile and time horizon. All you need to do is to subscribe to our Insider Plus service.
You can also take up our personalised advisory services such as mutual fund portfolio review or comprehensive financial planning.
14. Is there any catch here?
There is no catch. Our only mission is to help you reach your financial goals, faster. We do not receive any commissions from any mutual fund house or any entity for that matter. We charge a flat annual fee for our services. Our only customer is YOU. Our only focus is YOU.
15. Can I transact in existing folios?
Oh yes, you can transact in existing folios (of the mutual funds that are available to transact). As soon as your CAN gets verified, go ahead, upload your existing mutual fund portfolio and map the folios to your CAN using the CAN folio mapping feature.
Then go to Transact under Premium Section. You will see a list of your existing folios mapped to your CAN along with short cuts to make a transaction in those folios.
16. Once I have updated my CAN, will my transactions get updated automatically?
If you do a transaction through Unovest, it is updated automatically.
Any other transactions that you do outside Unovest or transactions that you have done in the past including SIPs, STPs or SWPs have to be manually uploaded using the 1 click upload of the CAMS detailed transactions statement.
17. How do I register the PayEezz bank debit mandate for SIPs? Do I have to visit my bank branch to get the authorisation?
You can now register your PayEezz debit mandate online. Here is a detailed note on online PayEezz mandate registration.
If you are doing an offline form, you do not have to visit your bank branch. Just mention the required details on the form and send it across to MFU or us. They will take care of it. Here is a detailed note on filling the offline PayEezz form.
18. I want to delete some of my transactions that I have uploaded. How can I do it?
Sure.You can use the Delete transactions link at the bottom of your account Menu to delete any transactions or folios or the entire portfolio.
19. How can I delete my Unovest account?
Ah! This is not something pleasant. We want to serve you for next 50 years. Yet if you feel Unovest is not the right service for you, just let us know. We would delete your account permanently.
We respect your choice. We would love to have your feedback though.