DHAN SHOULD ALLOW INVESTING TO MFs NFO / Existing scheme through fund available in DHAN a/c instead of asking to transfer from Bank account. It is not good. Today lost the opportunity of investing in NFO.
DHAN SHOULD PROVIDE NOTE / DISCLAIMER WHEN MF A/C OPENED THAT “DO NOT TRANSFER FUND TO DHAN A/C FOR INVESTING IN ANY MFs THROUGH DHAN PLATFORM.”
NOT ABLE TO WITHDRAW TODAY FUND TRANSFERRED TO DHAN A/C TO INVEST IN MFs NFO. HOW TO GET BACK THIS TRANSFERS FUND TO INVEST IN MFs NFO WHICH HAS TODAY LAST DAY TO APPLY ??
Hii @D_Saha, as per SEBI guidelines, payments for NFOs or Mutual Funds need to be made directly from your registered bank account. NFOs are part of mutual funds, so payments cannot be made directly from the Dhan ledger. This ensures a secure and transparent transaction process for all investors. For more details, you can refer to the SEBI circular here: SEBI Circular – Discontinuation of Pool Accounts
Thank you for your suggestion. We will consider including a disclaimer to inform users that payments for Mutual Funds and NFOs will be directly debited from their bank account.
As not aware to do above process of fund transfer form bank a/c, transferred fund to dhan a/c and now not able to get back “FUND” to bank a/c to invest in NFO. Can you help to get back credit to bank a/c ASAP so can be invested in MFs NFO?
GOING TO LOOS OPPORTUNITY SO IN TURN DHAN ALSO LOSING THE MTF INTEREST AS NOT ABLE TO GET NFO ALLOTMENTS …
HAVE TWO A/C WITH DHAN AND OPPORTUNITY LOOSING IN BOTH A/Cs - VERY SAD AND DISAPPOINTING EXPERIENCE.
@D_Saha I believe it has been like this for all brokers since the start. NFOs and IPOs are direct mandates and don’t go via the user’s trading account margin.
Ok now I understand. It’s a UI issue. In Groww, they also have the “Invest” option but they also show the mode of payment. The Show of the “mode” isn’t available in “Dhan” I suppose and hence the confusion. Rather than a disclaimer, I think showing the mode of payment for both NFOs and IPOs will make it really clear.
Point here is that if it is mandatory at DHAN platform to transfer fund from bank a/c to MFs investing either current scheme or NFO then there has to be note to Investor that “DO NOT TRANSFER FUND TO DHAN A/C IF WANTED TO INVEST IN MFs SCHEME”
Recently joined this platform and facing now fund shortage issue - not able to withdraw also so that it can be invested on either through DHAN or other platforms which are allowing to invest…
IF HAVE TO USE ONLY UPI / BANK TRANSFER AT DHAN PLATFORM, AGAIN IT IS ONLY THROUGH MOBILE APPs, NOT EVERN DHAN DESKTOP / WEB BASE INVESTING PLATFORM, THEN WHY SHOULD USE IT?? WHY NOT TO INVEST DIRECTLY FROM AMC / RTA WEB SITE ??
@D_Saha Well investing directly through AMC or MF Central or a trading app is a personal choice. What I was trying to mention is that NFO mandates are direct to the AMC and it has always been like this. It’s the same for IPO as well. It would be the same in other trading platforms too.
Have shared screen shot above, which allows fund (which has been already transferred from bank to broker a/c) to be invested from broker fund management and no need to do either Bank transfer or UPI as required here …
IF it is restricted by SEBI then how that broker is allowing it??
If you want to invest directly through AMCs, go ahead. If you prefer using Dhan or any other broker, that’s fine too.
No one’s stopping you from doing what you want.
That said, buying through Dhan lets you hold units in demat form—easier to manage and pledge later. But again, it’s your call. Do what actually fits you.
Your lack of awareness about the laws and regulations doesn’t make anyone else responsible. No brokerage is allowed to let you invest in mutual funds using wallet balance — pretty basic stuff, really.
No point blaming others when the miss was on your end and you couldn’t invest in the NFO.