We pull your savings from your bank account and invest it directly in the mutual fund scheme chosen by you from our curated offering by one of the most reputed mutual fund companies in India, ICICI Prudential AMC. Alternately, if chosen, you can invest your money in a fixed deposit with Axis Bank. Your money does not pass through our account at all.
Every mutual fund selected by us has a proven track record of performance and safety (kindly refer to the scheme details for more information).
You can view your investments, including how your savings are growing, on the Savvy dashboard. In addition, you will receive statements for your account from ICICI Prudential AMC and/or Axis Bank directly as well.
Importantly, you can withdraw your money at any point of time. No questions asked!
Please note that if you have invested in the ICICI Prudential Long Term Equity Fund (Tax Saving), there is a lock-in period of 3 years after investing, before which you cannot withdraw your investment.