Invest the Change is the easiest way to start investing small amounts in mutual funds, by simply using your Niyo Equitas Savings bank account to make any payments, transfers, etc.

For every debit transaction (any payment, spending) from your Niyo Equitas Savings account, we make a note of the spare change that you may have saved. As soon as the accumulated spare change reaches (or crosses) the selected threshold (it can be a min of Rs. 100 or a max of Rs.500, based on the minimum investment requirement of the fund you select), the accumulated change will automatically get deducted from your bank account and get invested into the mutual fund of your choice. 

For example, if you spend:

Rs. 17 - we make a note that Rs. 3 has been saved as spare change

Rs. 22 - we make a note that Rs. 8 has been saved as spare change.

In this example, we are rounded up to the next 10 (17 was rounded up to 20 and the difference was taken). You will have the option to choose this roundup value - Rs. 10, Rs. 50 or Rs. 100 (if you had selected roundup as 50, then if you spend Rs. 17, then the spare change will be Rs. 50 minus Rs. 17 = 33).

All you have to do is,

1. Set up the Invest the Change option (switch it on, select the fund you want your change to be invested in, and set up auto-pay to allow automatic investments).

2. Use the Niyo Equitas Savings bank account for everyday purchases such as online shopping, paying at a restaurant, etc.

We will keep making a note of the spare change that you save, and once that reaches/crosses 100, we’ll send a debit request to your bank to invest that amount in the mutual fund that you select.

Here’s an example to show you how it looks:

(Note: this is just an example, and thus the numbers showing here are random)

You don’t have to remember all of this, we’ll guide you through each step on the app :)