Question 1

What is Mino and how does it work?

Accepted Answer

Mino parks your idle money in liquid mutual funds and lets you earn up to 7% a year. You can withdraw to your bank in minutes, any day. It is operated by Bullsurge Private Limited, an AMFI-registered Mutual Fund Distributor (ARN-185445).

Question 2

Is Mino better than keeping money in a savings account?

Accepted Answer

Most savings accounts in India pay 2.5 to 3.5% a year. Liquid funds on Mino have historically returned around 6 to 7%. You can withdraw to your bank in minutes with no lock-in period. Mutual fund investments are subject to market risks.

Question 3

Is Mino a bank account, fixed deposit, or mutual fund app?

Accepted Answer

Mino is not a bank account or fixed deposit. It is a smart savings platform powered by liquid mutual funds through Bullsurge Private Limited, an AMFI-registered Mutual Fund Distributor.

Question 4

How fast can I withdraw my money through instant redemption?

Accepted Answer

Eligible instant redemptions may be processed in minutes, subject to AMC and RTA rules, limits, banking availability, and technical status.

Question 5

Can I use Mino as an emergency fund?

Accepted Answer

Yes. Because withdrawals reach your bank in minutes, Mino works well as a place to keep your emergency fund. Your money earns more than it would in a savings account and stays just as accessible.

Question 6

Are my returns on Mino guaranteed?

Accepted Answer

No. Returns are market-linked and not guaranteed. Mutual fund investments are subject to market risks. Read all scheme related documents carefully before investing.

Question 7

Which mutual funds are available on Mino?

Accepted Answer

Mino supports eligible instant-redemption liquid funds from Axis AMC and HDFC AMC to prioritize institutional stability and speed.

The Cost of Idle Cash.

The High Cost of Quiet Capital: Rethinking Indian Savings Accounts