Request you to follow the below redemption steps
Step 1: Login your ID in our 5nance platform
Step 2: Go to the Dashboard
Step 3: Then click on My Investments
Step 4: Click on Mutual Funds under Tab ‘Asset’
Step 5: Select the fund in which you want to redeem
Step 6: Then click on the Redeem option given above
Step 7: After that select on Sell All option to redeem the full investment
Step 8: Tick on terms and conditions and click the redeem button.
Step 9: You will receive the OTP on your registered number. Input the OTP and click on Submit.
Your redemption will be completed.
Health insurance is a type of insurance that covers your medical expenses. A health insurance is a contract between you (the insured individual/group) and the insurer, wherein the insurer agrees to cover your specified medical bills and other treatment-related expenses at a particular premium.
There are several forms of health insurance that offer a range of health covers depending on your (the insured’s) need and choice. However, the Hospitalization Plan is the most common and widely popular form of health insurance in India. The type and amount of healthcare costs that will be covered by your health plan are specified in advance.
Further, your insurer can cover the cost as per your convenience in the following ways:
Disbursement of a fixed benefit on occurrence of an illness
Insurance companies have tie-up arrangements with several hospitals all over the country as part of their network. When you opt for cashless facility under your health insurance plan, your hospital bills are taken care of by a Third-Party Administrator on behalf of your insurance company. This applies to hospitalization and treatment in any of the specified network hospitals. Thereupon, you will have not to pay a single penny in case the expenses incurred are within the limits or sub-limits that’re allowed by your insurer. If, however, your medical bill is beyond the specified expense limit or includes any unspecified costs not covered under your policy, then you will have to settle the residual amount with the hospital directly. The same goes for treatments taken in a hospital that is not in the network.
Health insurance comes with attractive tax benefits as an added incentive. There is an exclusive section of the Income Tax Act which provides tax benefits for health Insurance-Section 80D.
Under this section, any individual who purchases a health insurance policy by any mode of payment other than cash can avail tax deduction of INR 25,000. This deduction can also be claimed for premium paid with insurable interest towards your spouse, your dependent children or dependent parents.
If your dependent parents are more than 60 years old, then you can claim deduction of up to INR 50,000.
In case both you (the taxpayer) and your dependent parents are 60 years or above, then the maximum deduction you can avail is to the extent of INR 100,000. For example, suppose a taxpayer named Roshan is 65 years old and his father’s age is 90. In this case, the maximum deduction Roshan can claim under section 80D is INR. 100,000.
In addition to this, a cumulative additional deduction of INR 5,000 is allowed for the preventive health check up to individuals effective from FY 2015-16.
Several factors affect your Health Insurance premium. Some key factors are as follows:
Premium rates may also vary depending upon factors like your marital status, choice of profession, place of residence, and prevailing taxes/GST.
The features included and excluded in a health insurance policy depend upon the insurance company, you choose. Generally, pre-existing conditions are excluded under Health Insurance policy.
Pre-existing conditions refer to any health problems an individual might be facing before seeking health insurance. These include usual suspects, such as diabetes, asthma, high blood pressure, cancer, and even acne.
Further, most health insurance policies generally exclude certain diseases from the first year of coverage and also impose a waiting period. You must read the prospectus/policy you are interested in to get a fair idea of disease and treatment coverage along with the terms and conditions.
Certain standard exclusions in every health insurance policy are as follows:
Most insurance companies provide a 15-day grace period for renewing your policy. This means you have a chance to pay the premium within the next 15 days if you miss the expiry date. However, you will not get any coverage from the insurance company during this period. Further, your policy will lapse in case you do not pay the premium within the extended grace period.
You can make any number of claims during the policy period provided that there is no cap prescribed in your policy. However, the maximum monetary limit is the sum insured under the policy.
Some health insurance policies pay for specified expenses towards a general health check-up once in every few years. This referral is termed as health-check facility. Generally, this is available once in four years.
Medical emergency can strike anyone at any time without any prior warning. In addition to that, healthcare is becoming increasingly expensive. Technological advances, new procedures, and more effective medicines have also driven up the cost of healthcare. Nonetheless, you cannot ignore the need for hospitalization and/or treatment just to save up some money. Health insurance can provide you the much needed financial cover against unexpected costs of hospitalization in such trying times.
Yes. Most insurance companies have an initial waiting period of minimum 30 days. This means that any claim made upto 30 days from the policy’s inception date will not be admitted (except for accident cases). This restriction has been put so that people do not exploit insurance companies by buying a policy after being diagnosed with a serious condition.
Yes. You can transfer your policy from one insurance company to another without losing any renewal benefits. The Insurance Regulatory and Development Authority (IRDA) had issued a circular effective from 1st July, 2011 in compliance with the same. It directs the insurance companies to allow portability from one insurer to another and/or from one plan to another. It further allows you (the insured) to keep any and all renewal credits for pre-existing conditions accumulated in the previous policy. However, this credit is limited to the sum insured (including bonus) under the previous policy. You must check with your insurance company for further details and/or clarification.
Insurance providers:
Third-Party Liability Insurance is mandatory for all vehicles plying on public roads in India. However, if you are confused between comprehensive and liability only insurance, it is better if you first understand what each type of insurance offers.
It is best to buy a Comprehensive Package Policy, which covers both ‘Own damage’ along with ‘Third-Party Liability’. Some insurance providers also offer additional riders for maximum protection at a nominal fee.
Motor insurance coverage requirement varies from person to person and vehicle to vehicle. Most insurance companies typically provide unlimited coverage for Third-Party Injuries and upto a sum of INR 750,000 for Third-Party Property Damage. However, if you want to get a lower ‘Liability only’ premium, you have the option to restrict coverage for Third-Party Property Damage to INR 6,000. Further, since different insurance companies provide different features for similar coverage, you can settle on the one that offers the most competent premium rates and riders as per your needs and capability.
A motor policy is usually valid for a period of one year and has to be renewed before the due date. No Insurer currently offers a grace period for paying the premium. So, it is important to pay the premium on time. In case of lapse of policy by even one day, your vehicle will have to be inspected again by the insurance company.
Additionally, you will lose the accumulated benefit of NCB (No Claim Bonus) if you have a lapse for more than 90 days in your comprehensive policy.
No Claim Bonus (NCB) is a form of reward for you (the vehicle owner) for not making any claims during the policy period. It helps you get a significant discount on premium during renewal. However, most insurance companies in India consider NCB of minimum 5 years when working out a discount. It is likely to get you a discount in the range of 20 to 50% on own-damage or comprehensive premium. It is not applicable on Liability only premium.
If, however, a claim is lodged, No Claim Bonus is lost in the subsequent policy period.
Further, NCB is given to you (the insured) and not to the insured vehicle. Hence, on transfer of the vehicle, the insurance policy will be transferred to the new owner but not the NCB. You as the original owner can, however, use the NCB on a new vehicle purchased.
Yes. You can get your NCB migrated if you change your insurer on renewal. However, you will need a proof of the NCB earned. You can get it by asking for a renewal notice or a letter confirming NCB entitlement from the previous insurer.
Alternatively, you can produce your original, expiring policy along with a certification that you have lodged no claims on the expiring policy.
Motor insurance deductible (also known as ‘excess’) is the amount of money that you have to pay toward repairs or other bills before your insurance company covers the rest. For example, if you have an accident that causes INR 5,000 worth of damage and your deductible is INR 1,000, you will have to pay INR 1,000 toward the repair. Your insurance company will pay the remaining INR 4,000.
Further, there is a compulsory deductible in motor insurance covers as follows:
You can also apply for voluntary deductibles in your vehicle insurance plan for possible discount on premium. However, do check with your insurance company regarding their discount offers before applying.
If you want to record any changes, you can do so by getting an endorsement on your insurance policy. The changes may include:
You have to submit a letter to the insurer along with proof of changes in order to obtain the endorsement. You may also have to pay additional premium for some endorsements. Also, do check the accuracy of endorsement before accepting.
Certificate of Insurance is a document issued by your insurer showcasing all the details of your effective insurance plan for your vehicle.
As per Rule 141 of the Central Motor Vehicle Rules 1989, it is mandatory for your insurer to issue a Certificate of Insurance along with the policy document at the time of purchase or renewal. In addition to this, the certificate must be issued in the format laid down in Form 51 as given under the Motor Vehicle Rules.
You must always carry this certificate in your vehicle. It is required for any sort of police inspection along with other important documents such as your driving license. It is also advisable to keep a copy separately at home or office.
You must always carry the following documents while plying in public places:
You are required to submit the following documents when making a Motor Insurance claim:
In case you want to avail cashless facility, only the repair invoice would be needed. You may also be asked to submit an FIR in case of theft.
In case of a pure theft claim, you will have to submit the keys of the vehicle as well along with the FIR and a non-traceable certificate.
Third-Party Liability (only premium) rates are laid down by IRDA.
In case of own damage or comprehensive insurance covers, various factors are used to determine the payable premium for your motor insurance. Further, different insurance companies may provide different coverage, deductibles and IDV for the same vehicle after duly filing rates with the Insurance Regulatory and Development Authority. There may also be a significant difference in premium rates offered for similar coverage by different insurance companies. So, it is best to compare three or more insurers before buying a policy.
You can use the 5nance platform to get a list of offers from various insurance companies in one place. You will need the following information:
In case of break in insurance, vehicle inspection is required and extra charges may be incurred for the same.
Insurance companies in India offer discounts on motor insurance premium for the following:
It is important to remember that different insurance companies have different criteria and discount offers. So, it is best to check with your insurance provider directly to avoid any confusion.
Yes. Service Tax is applicable on all motor insurance policies. It is as per the prevailing rule of law.at any given time.
The premium rate applicable on a vehicle is reckoned on the basis of city of registration (not the place where the vehicle is used).
For example, if your vehicle is registered in Chennai in Zone A, the rate applicable for Zone A is charged. The same rate will be applicable even if you shift to a different city / town.
Similarly, if a vehicle is registered in a town in Zone B, it will attract Zone B premium rates. Subsequently if the owner shifts to a metro, he will continue to be charged the Zone B rate.
Yes. Insurance companies usually have a clause on CNG and/or LPG conversion. So, it is necessary to inform the Insurance Company if you fit a CNG or LPG kit in your vehicle. As it is considered as a major modification to the vehicle, it has to be endorsed in your insurance policy. If you fail to do so, your entire policy will be nullified at the time of the claim.
You must also notify the RTA (Road Transport Authority) office where your vehicle is registered. It is crucial for the accurate updation of the registration certificate (RC) of the vehicle.
Yes. You can transfer your insurance to the buyer of your vehicle. However, the new owner will have to submit a proof of transfer (in writing from the seller-You) to the insurance company along with a fresh proposal form. He will also have to pay a nominal fee for transferring your insurance. This includes pro-rata recovery of NCB from the date of transfer till policy expiry.
No. Registration and insurance of the vehicle should always be in the same name and with the same address. The claim is not payable otherwise.
Besides, there is a nominal fee charged for transfer of insurance, which includes pro-rata recovery of NCB from the date of transfer till policy expiry. You simply need to submit a fresh proposal form along with a proof of transfer from the previous owner.
Further, it is mandatory to record the transfer of ownership within 14 days from the date of transfer in case of comprehensive/package policies. If you fail to do so, no claim will be payable to for own damage to the vehicle.
Yes. You can easily get a duplicate copy by approaching the same office that issued your original insurance policy. You may have to submit a written request and pay a nominal fee for the same.
Mutual fund schemes offer a lower individual risk and higher returns with pooled investments and financial experts at work. There are no additional fees or transaction charges to be paid. You get a personalized list of investment options to choose from on our platform. With a hassle-free process that is easy to understand and convenient, this investment avenue saves you a lot of time.
You can invest with convenience and ease in top-performing SIPs. As you invest during market highs and lows, market volatility doesn’t impact your investment harshly. Another advantage is that you get less units when the markets are high and more units when the markets are low. This averages out the purchase cost of your mutual fund units. You’re even free from timing the market and can always reinvest the returns that you earn. To see the expected returns on a year-on-year basis, just use our SIP calculator.
As investment is made in varied asset classes, the overall risk on your investment is reduced and your returns can multiply.
Mutual funds can be great investment options as they have something for everyone! It doesn’t matter if your motive is saving up, looking for a tax-saving investment, or wealth generation, mutual funds have it all covered. If you are looking to park your surplus money or for tax benefits, mutual funds might be the right pick for you!
Generally subject to market risks, not all mutual funds are exposed to the equity market. So, not all of them are risky! If you are looking to gain safety along with stable returns, then you can choose to invest in debt funds. Note that even a long-term investment in equity funds could be safe while providing you greater returns.
The entire KYC process can be done for free either online or offline and usually takes only 10 minutes of your time.
Approaching an advisor/distributor is a great option if you are investing in mutual funds for the first time. We at 5nance can act as one for you! This could be a smart and cost-efficient choice as we do not charge you any fee for our services.
You can invest in open-ended mutual funds at any time. In fact, they also allow you to invest a lumpsum amount at any time if you do not have a regular income or as SIPs to save regularly.
Yes, SEBI (Securities and Exchange Board of India) has mandated all applicants to be KYC-compliant. You can get your KYC done either online or offline.
If the KYC process has been completed with the correct information once, you can invest in any number of mutual funds without having to update your KYC.
When you want better returns along with the safety of your money, choose our algorithmic product offering - Algrow. It increases the possibility of higher returns while the money you’ve invested stays safe. This feat is achieved by intuitively switching between equity and debt funds as per market fluctuations. The funds that comprise this product come from reputed fund houses like HDFC, Aditya Birla Sun Life, Canara Robeco etc. Try FIT-SIP, our unique investment product too that could get you consistent returns. The selected funds are well-researched and extensively back-tested. So you can achieve a specific target in your desired time-frame.
Top AMCs offering hassle-free SIPs
a) Reliance Mutual Fund
b) Aditya Birla Sun Life Mutual Fund
c) Franklin Templeton Mutual Fund
d) Tata Mutual Fund
e) Mirae Asset Mutual Fund
f) Axis Mutual Fund and counting.
Critical illness is an insurance which pays which pays you a Lumpsum amount on diagnosis of listed critical illnesses such as Cancer, Stroke, etc.
The plan is available for tenure selection ranging from 1, 2, & 3 years as per the selected Insurer. There is a long-term discount of around 7.5% and 10% available for 2 & 3 year plans respectively.
This means that the insured has to survive a minimum of 15-30 days (depending on the Insurer), after the diagnosis of illnesses that’re listed under the policy to become eligible for the claim.
A critical Illness policy covers persons belonging to the age group of 5 years to 65 years. Some insurers consider the annual income of the proposer as a barometer too.
The best part of this policy is that you do not require to submit any documentation. Simply fill the details online and make payment via multiple secured payment modes. In case of a pre-existing disease, you might have to submit relevant medical documents.
Yes, a health insurance policy will cover your hospitalization expenses and other related medical expenditure, however in case of a critical illness you may need much more than that. The treatment can be long and ongoing which may need more financial support. The Lumpsum amount that a critical illness cover provides shields the insured individual against a hefty financial burden.
There is a waiting period for the first 90 Days since the Policy’s Inception. Certain major surgeries might be covered after 180 days.
There is no cashless facility as lumpsum payment is made right upto the sum insured. This lumpsum amount can be used for hospitalization/additional expenses.
No pre-policy medical checkup is required for individual’s upto 45 years.
Yes. Critical Illness insurance provides the benefit of Lifelong Renewability. So, after enrollment, the insured person can keep availing the offered benefits throughout his/her life. (Applicable only when the policy is renewed via timely payments of all premiums).
You can avail upto Rs.50000 as tax benefit under 'Section 80 D’.
Contact the Insurer on the helpline numbers available in the policy. On receipt of the claim intimation, the insurer would register the claim and assign you a unique claim reference number which may be used for all future correspondence.
All Rounder is designed to any investors as profiling determines the suitability in accordance to the investors' risk taking ability. It is an all-weather portfolio which is designed to reduce volatility thereby achieving stable returns on an annual basis. This is the timeframe which FD investors usually invest for. At the same time stocks in the portfolio take care of the growth required to effectively tackle inflation.
Cash allocation is just to create a buffer to account for the changes in price and other expenses like demat charges, brokerage, CDSL charges etc.
Yes. The control & ownership lies with the investor. We provide our advisory basis the entire portfolio. So for proper Portfolio execution, tracking & management, it’s recommended to add only 5nance’s suggested stocks to your All Rounder Portfolio. 5nance will track & review only its recommended stocks in your All Rounder Portfolio.
A managed portfolio works with a single-click consent when rebalancing is scheduled. Hence, it reduces your effort while also improving accuracy to provide better results. Moreover, the trading process is hassle-free.
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Advisory Portfolio |
Managed Portfolio |
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Self - Driven |
Automated Control |
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Do It Yourself |
1-Click Auto Execution |
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Manual Portfolio Tracking |
Automated Portfolio Tracking |
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Single-Trade Execution |
Basket Order Execution |
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Rebalancing Updates |
Automated Rebalancing |
When you sell shares during market hours, the shares are debited from your (seller’s) account to deliver to the buyer. The broker needs the Power of Attorney (POA) to debit these shares from your demat account.
TPIN will be generated by broker (zerodha). You would have received the CDSL TPIN to your registered mobile number and email address with CDSL ). You have to use the CDSL TPIN instead of your Kite PIN, and authorize the stocks to be debited from your demat account before placing a delivery/CNC (including GTT) sell order on Kite.
TOTP means a Time-Based OTP. It’s a one-time task that adds security to your demat account. It is a two-factor authentication process for your demat account.
You cannot add funds through the 5nance platform. You need to add funds into your brokers trading/demat account via UPI apps, Net banking, IMPS, NEFT or RTGS & via a cheque.
The following documents are needed to open a Trading/demat account
You cannot change it. The risk profiling window will open after 6 months. It’s regulatory in nature as the advisory gets aligned to the risk profile.
Complete the KYC process using your PAN Card & Aadhaar Number.
The order is normally placed as a market order. 99% of the time, it gets fully executed.Although, it may happen that order gets executed partially. In such a case, a differential quantity will be available for execution in the next 30 minutes on the platform.
No, the aftermarket hours' order can not input through 5nance.
On execution of order, the same will reflects within 5 minutes in the 5nance App under your dashboard. In case the order is failed or rejected, the same will be available again in 5nance site in next 30 minutes for execution.
In case your initial order is failed, kindly check the reason of failure in your broker account and take corrective action. The order will be available again at 5nance site in next 30 minutes for execution.
There is no any discount or offer on advance renewal fee. You need to pay complete subscription charges as per the selected portfolio.
No, you do not have to pay any additional fee for renewing the services. You have to pay only the subscription amount as per the portfolio selection.
You will get subscription renewal notification with renewal link via email, WhatsApp and in app notification. You need to click that link and need to pay the fees as per the portfolio selected.
There will be a provisional report from us on the capital gains. Actual capital gain report needs to be collected only where the shares are held i.e. from the stock broker
P/L statement is issued by the brokers. We have the provision to see the entire trade book.
There will be a performance report shared on a monthly/quarterly basis
We providing multiple reminders via app notifications, SMS, emailers & WhatsApp messages.
Our platforms available on web and app. Additionally we shall be sharing the performance update with you each month.
This product has no hidden fees. We only charge advisory fee as per your plan and investment amount for All Rounder product, apart from same, there is absolutely no charges from 5nance.
We do not charge customers any brokerage or commission for execution of transactions. Any brokerage/commission levied to the customer will be as per his arrangement with the broker that he is executing the trades with.
Rule 1:
Minimum fees on Lumpsum & SIP amounts will be INR 100.
Rule 2:
Fees will be charged for a minimum of 2 months throughout the year of the execution services availed by the client. The exception is Rule 3.
Rule 3:
No top-up will be allowed in the last month of the service period.
Here ‘Service period’ or ‘Service’ means 1 year from the date of availing the execution services.
We’ll charge fees of 2.5% per annum as and when the above-mentioned 3 rules are fulfilled.
The calculation will be done for the remaining period divided by 2. The fees shall be charged for the 2 months’ rounded off.
| Remaining months | To be charged for (Months) |
| 12 | 12 |
| 11 | 12 |
| 10 | 10 |
| 9 | 10 |
| 8 | 8 |
| 7 | 8 |
| 6 | 6 |
| 5 | 6 |
| 4 | 4 |
| 3 | 4 |
| 2 | 2 |
| 1 | 0 |
No fees to be charged in the last month. The fees will be charged on a pro-rata basis.
| Monthly SIP amount in Rs. | Fee Structure in Rs. |
| 10,000 – 12,000 | 3500 + 18%* GST |
| 13,000 & onwards | 2.5% of the total portfolio amount + 18%* GST |
We’re charging a flat fee of Rs.7500/- + 18%* GST on irrespective of the amount for Advisory services - Lumpsum and SIP.
We are providing multiple reminders via app notifications, SMS, emailers & WhatsApp messages. You can also check them on your All Rounder Dashboard.
Start a SIP in All Rounder with a minimum amount of Rs. 10,000/- per month. You can add amount in multiples of Rs. 1,000/-.
Portfolio recommendations will be sent as per your chosen SIP amount.
No. You cannot change your All Rounder SIP date. The SIP date for each month is the same as the date of your first month’s subscription.
You can start an SIP in All Rounder with a minimum amount of Rs. 10,000/- per month.
Yes. For securities that need to be bought afresh or sold completely, there will be a rationale for same.
We providing multiple reminders via app notifications, SMS, emailers & WhatsApp messages. As it is not trades but investments, price fluctuations every few days can have little impact on a portfolio with an investment horizon of 3 years.
On an average, rebalancing is done once in a month. Rebalancing could be done 2-3 times in a single month. There could be no rebalancing done for 2 months at a stretch. It totally depends on the market conditions and stocks in your portfolio.
No. All Rounder is not a tax-saving investment. Usually, the holding period is more than a year. Therefore, a 10% long-term capital gains tax is applicable. Only in a few cases will a short-term capital gains of 15% require to be paid.
Artificial intelligence is used to define asset allocation, stock weights and to identify the price action for a large set of securities. There are regular checks as well to review the AI's output.
No. There is no lock-in period. All Rounder is long-term investment Product.
So to get ~2x returns, we suggest staying invested in All Rounder for atleast 3 yrs.
You’ll get reviews only on the stocks that are a part of your All Rounder portfolio.
These assets are negatively correlated with equities. They protect the downside when the equity markets fall.
Yes. It’s always the investor's discretion whether they want to go ahead with the recommended stocks or not. We provide our advisory basis the entire portfolio. Often, a particular stock or ETF might not look lucrative on its own. But it is very relevant in context of the entire portfolio.
Although returns are tracked daily, it’s best to track your portfolio’s performance over a quarterly basis. Our experts recommend that you stay invested for at least 3 yrs. to ensure your portfolio’s optimal performance
This is complimentary offer only for first year and the fee charges may vary year on year.
Once the payment is successful, activate the account by e-signing
Steps to open a broker account via 5nance:
A report is generated instantly, which will help you understand your key areas of improvement. Basis the report, our financial expert will be more than happy to guide you along the way. We can also help you build customized solutions basis your requirements.
Whenever there is a change in your financial aspect, check the score, so it helps you identify how well you plan your investments. It is advisable to check the FinScore every month.
Whenever there is a change in your financial aspect, check the score, so it helps you identify how well you are planning your investments. It is advisable to check the FinScore every month.
To achieve financial stability, it is better to know the areas where you are lacking in your financial planning to make an informed decision to improve your FinScore.
We analyze a large data set and identify the optimal score for various persona parameters. Based on the assessment, your score is generated on each parameter, the total is your FinScore.
FinScore is an online financial health assessment platform that helps you understand the health of your finances in just a few minutes! Get your finances evaluated across 15 parameters such as Income, Expenses, Savings, Networth, Cashflow, loan, Insurance, tax saving, etc., and get to know the exact action you are required to take to improve your FinScore.
Advisory Services on 5nance.com is provided by Innovage Investment Advisers Private Limited, a SEBI registered Investment Adviser having registration no. INA 000003809 (Valid from 13th Nov 2015 - Perpetual).
Innovage Fintech Private Limited is registered with Association of Mutual Funds in India (AMFI) as a mutual fund distributor having ARN no. 87155 and is also holding a valid Corporate Agent (CA) registration with Insurance Regulatory and Development Authority of India (IRDAI) registration no. CA0339.
Yes, we have created a dedicated Marketing section in Partner Portal, where Partner can download and share all the relevant Marketing collaterals. The Partner will also get to co-branded collaterals with their respective contact details.
Yes, we have a specialized team that provides training and support to our partners, and we also conduct biweekly webinars to demonstrate our products and platform.
Partner can track and monitor his performance via Partner Dashboard. He can check no. of customers on boarded, revenue generated, payout received etc. The Partner can also check all his business report, monthly/fortnightly payout report etc. all at one place.
Yes, the advisory contracts we have with our customers are valid for one year and renewable annually, which means our partners will receive upfront revenue every year on renewal.
We at 5nance release the Business Partner commission in every 15 days of the month.
Business Generated between 1st-15th of the month – commission will be paid by 20th of every month
Business Generated between 16th-31st of the month – commission will be paid by 5th of every month
For eg: If a Partner has onboarded 6 customers between 1st to 15th of the month. The Partner is eligible to receive commission for all 6 customers whose transaction have been completed. The Partner commission will be released between 3-5 working days.
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All Rounder - Slabs for Revenue Sharing for Partner Model |
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Total Revenue Generated @2.5% |
% Sharing with Referral Partner of Total Revenue |
Actual Revenue |
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1500001 & Above |
60% |
1.5% |
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1000001 – 1500000 |
50% |
1.25% |
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500001 – 1000000 |
40% |
1% |
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4000-500000 |
30% |
0.75% |
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ALGROW - Slabs for Revenue Sharing for Partner Model |
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Flat Revenue |
% Sharing with Partner of Total Revenue |
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70% |
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Once you become Partner with 5nance, you get access to our Partner Portal Platform.
You can get on boarded with 5nance as a Business Partner in just 4 easy steps:
5nance is India’s first Performance-driven investment platform which offers unique AI based advisory to its clientele. It offers a wide range of AI based advisory products which help its customers earn consitent returns while hedging against risks.