Frequently Asked Questions

Profinity Mutual Fund Distribution Private Limited is an AMFI-registered mutual fund distributor based in Kanpur, Uttar Pradesh. Since 2009 we have helped 10,000+ clients invest in mutual funds through SIPs and lump sum investments, with access to schemes from 35+ asset management companies (AMCs).

Yes. Profinity is registered with the Association of Mutual Funds in India (AMFI) under ARN-76921 (EUIN: E027659). You can verify any distributor’s registration on the AMFI website at amfiindia.com.

Through Profinity you can access 5000+ schemes from 35+ AMCs, including Nippon India, Kotak, HSBC, Bandhan, Edelweiss, Quant, Invesco, Bajaj Finserv, PGIM India, Sundaram, Union, 360 ONE and many more.

We do not charge you a separate fee for investing. As an AMFI-registered distributor we offer the regular plans of mutual fund schemes, and we receive a commission from the AMC that is included in the scheme’s expense ratio. Details of commission are available on request.

A Systematic Investment Plan (SIP) lets you invest a fixed amount in a mutual fund scheme at regular intervals, usually every month. It builds investing discipline and averages your purchase cost over time. Read our beginner’s guide to SIP to learn more.

It depends on the scheme. Many schemes allow a monthly SIP from ₹500, and some from as little as ₹100. Minimum lump sum amounts are usually between ₹100 and ₹5,000. Check the scheme’s documents or ask our team for the exact minimum.

Both have their place. SIP suits regular income and reduces the stress of timing the market, while lump sum can make sense when you have a large amount to invest and a long horizon. See SIP vs Lump Sum for a detailed comparison.

Yes. You can stop a SIP at any time, and many AMCs also allow you to pause it or increase the amount (step-up). Stopping a SIP does not attract a penalty, though exit load may apply if you redeem units early. Requests usually take a few working days to process, so place them well before your next SIP date.

No. Mutual fund investments are subject to market risks and returns are not guaranteed. The value of your investment can go up or down depending on market conditions. Always read the scheme related documents and choose schemes that match your goals and risk profile.

You need a PAN card, an address proof such as Aadhaar, a photograph, and your bank account details. A one-time KYC (Know Your Customer) is mandatory before investing. Our mutual fund KYC guide explains the process step by step.

eKYC done online with Aadhaar is usually completed within a few working days. Once your KYC is validated, you can invest with any mutual fund — you do not need to repeat KYC for each AMC.

Yes. Investments can be made in a minor’s name with a parent or legal guardian. Payment and documentation rules apply for minor folios — our team will guide you through them.

A nominee makes it easy for your investments to be transferred to your loved ones in an unfortunate event. SEBI requires investors to either add a nominee or formally opt out, so we recommend adding one when you open your account.

When you invest, your money goes directly to the mutual fund’s bank account, and units are allotted in your name and recorded by the registrar (such as CAMS or KFintech). Profinity never holds your money. Mutual funds in India are regulated by SEBI; however, the value of investments is subject to market risks.

You can place a redemption request through our app or by contacting our team. For most equity and debt schemes, money is credited to your registered bank account within a few working days, and liquid funds are usually faster. Exit load and taxes may apply depending on the scheme and holding period.

Our mobile app lets you track your portfolio in real time, view transactions and download account statements and reports anytime. You also receive a Consolidated Account Statement (CAS) for all your mutual fund holdings.

Visit us at 127/T/25, Vinobha Nagar, Kidwai Nagar, Kanpur, Uttar Pradesh – 208014, call +91 8795 789 789, or email info@profinitygroup.com. Our office is open Monday to Friday, 10:00 AM to 5:00 PM. You can also use our contact page.