Introducing Balance – Clever ways to save

Traders and Investors,

We promote products which have high risks and rewards. But it is also extremely important to diversify and save money in low risk instruments impulsively or as a habit for a rainy day. I am very excited to introduce Balance, an app that will help you save up in clever ways using our Kite connect APIs.

Find below an introduction to the app by Ankit, co-founder @Balance.

Save up a little today

We all understand the merits of saving up money from a very early age. However, saving up constantly is a pretty tough habit to build. Saving money means avoiding risk and making sure that you have money available when you need it, for emergencies, for life goals, or just because it is reassuring.

Balance is your everyday saving app that builds a saving habit for you. Your own little money saving accountant for a world that makes you spend. For example, Balance calculates how much you should save based on your weekly spends.

Advantages

Effortless saving, automatically

Balance has powerful ways to save, built right into the app. These ways to save are called Recipes. We offer a range of such Recipes that perform complex calculations and suggest saves for you. Just choose a Goal, apply one or more Recipes, instantly link your Kite account as a funding source and you are done.

Ways to save

Grow your savings

We have collaborated with the largest AMC in India to offer the ideal mutual fund for your saving needs. Balance invests your savings with ICICI Prudential Money Market Fund — Growth and enjoy past returns of up to 8.65% p.a., with zero exit load and complete liquidity, this fund is twice as nice as a savings account.

We recently launched a tax saving goal where Balance invests your money into an ELSS fund with past returns of up to 22% p.a, with a 3-year lock in period. Tax savings of up to ₹46,350 are just a tap away.

How it works

Balance account, powered by Kite

Simply connect Zerodha Kite account to Balance by logging in and it’s done. When you Fund your goals on Balance from your Zerodha  account, Balance processes your saves through the Zerodha regular Mutual Fund platform.

When you withdraw your money, the AMC redeems your units and your money is deposited back to your Zerodha account. Your saves through Balance can be seen on your Zerodha MF dashboard as well. Any modifications made to these transactions through Zerodha MF dashboard will not be reflected on Balance, affecting your experience and returns.

Safe and Secure

We take security very seriously, and that is the reason why we have chosen some of the best encryption protocols in the world. Your data is safe, secure and only accessible by you, protected with bank level security.

Zero fees | 100% Free

We offer our services 100% free of charge with zero fees. Enjoy all the benefits of using Balance with zero annual fee, zero monthly fee and no minimum balance.

Download now!

Say hello to Balance

Balance has been designed for you with a lot of love and care and we are constantly innovating to help you save up in clever little ways. We would love to hear your feedback, ideas, questions or suggestions! Reach out to us at [email protected] or comment below.

Save up a little today,

Team Balance

Nithin Kamath

Founder & CEO @ Zerodha, team working towards breaking all barriers that I personally faced as a retail trader for over a decade. Love playing poker, basketball, and guitar. Getting body fat % in single digit is the next personal endeavor :) .

291 comments

  1. praveen g says:

    Nice thought and great initiative by Nitin bro. Wish you Good Luck. Time to say hello to Balance.

    • Balance says:

      Thank you for your support, 🙂 Hello to you too.

    • Sanjeev says:

      I m already using your trading platform, i just want to know, what is the limit of little as you said, say today i give 100, tmrw i will give 300 or 150, is it possible? Or it is simply another method to invest in liquid,debt based MF through you.

      • Balance says:

        Hi Sanjeev, the Balance app allows you to save up as little as Rs. 100 into a carefully chosen Ultra Short Term Debt Mutual Fund by ICICI Prudential. The Balance app is completely free to use and you would be charged anything for saving on Balance.

    • Deepak says:

      Says app is not available in your country i am from india

  2. Mohammed Junaid J.H says:

    This application is not available for IOS ??

  3. Ritesh says:

    That is very clever. Can’t I transfer money from my bank account?

  4. Abhishek Singhania says:

    Hey,

    This is something new in the financial markets industry.

    Some queries

    1- is there any payin and payout charge in goals ?

    2- what will be the minimum amount for the withdrawal ?

    3- when can I withdraw money is there any lock-in period or any exit load if we withdraw before the goal achieve ?

    4- As this amount will be invested in mutual fund of ICICI is there any lock-in period ?

    • Balance says:

      Hi Abhishek,

      Thanks you for using Balance, we are indeed a new concept and looking to make saving up easier for all. 🙂

      Here are the answers to your queries:

      1. There are no pay-in or pay-out charges. Balance is a free to use app. Absolutely free, with no charges at all.

      2. You can withdraw as little as Rs 1.

      3. There is no exit load for withdrawal before completion of goal. For all goals, apart from tax saving there is no lock-in period, your savings are completely liquid. The tax saving goal comes with a 3 year lock in period.

      4. Saves in all goals apart from Tax saving are invested in the ICICI Prudential Money Market Fund- Growth- which has no exit load and no lock in. Savings through the tax saving goal are invested in ICICI Prudential Long Term Equity Fund- Growth, which comes with a 3 year lock-in period and zero exit load.

      • Manish Kayal says:

        How much time does it take the money to get credited back to Zerodha account once I withdraw from Balance?
        Suppose I am in cash and deployed the money through Balance to ICICI Money Market fund and next day I found an idea to invest, in what timeframe I would get the money in my account? Is it immediate?
        Thanks

        • Balance says:

          Hi Manish

          The withdrawal amount will reach your Kite account in up to T+2 trading days.

          • ZR7530 says:

            This is what i am searching for. If it is marked as liquid/ or parked only in liquid… shouldn’t money hit my trading account on T+1 at least.. especially when there is bridge between kite and balance?

            • Balance says:

              Hi

              Ideally this should take place in T+1 days, but as there is a 1:30 PM cut off for processing bulk requests- it is possible for it to go to up to T+2 trading days in case the request is placed post 1:30 PM.

              Thanks!

  5. bhushan says:

    Hello Balance,
    Please inform whether this is a direct investment (Like coin) or a regular MF (Paying commissions to sellers).
    Secondly Please post a video on youtube channel about the modus operandi of functioning of this app alongwith all its features and future plans.

    Best regards
    Bhushan

    • Balance says:

      Hello Bhushan

      Your savings through Balance are regular investments.

      Thanks

      • Manish says:

        I think this should have been Direct. On one hand Coin usage is being promoted on other this… lets be realistic. Nice initiative however. Kind of very similar to Bank of America’s Keep the Change initiative.

        • Balance says:

          Hi Manish, for the Ultra Short Term Debt MF that Balance automates your saves to, the commissions are extremely low. We don’t want our users to pay an extra 50 bucks every month and a potential 600 rupees annually for saving on Balance via Kite. Since the commissions amount to a much lower sum, we decided this to benefit the user instead, and not make you pay 50 bucks a month. However the direct options via Coin works well if you invest in several funds where the commissions would be higher than what they are for the MF used by Balance. Hope this answers your query. : )

    • Balance says:

      Hi Bhushan

      Apologies for missing out on answering the second query, We will host a webinar at 2:30 PM today on the Zerodha Youtube Channel, do tune in to know more about the product. 🙂

      Thanks!

  6. Ramesh says:

    Hey,

    Nice application, but have an important query on it.

    ICICI Prudential Money Market Fund – Growth, maximum average return in 5 years is 8.55%. Then how do you say 8.65% returns using Balance?

    Returns
    1 year: 7.11%
    3 years: 8.07%
    5 years: 8.55%

    • Balance says:

      Hi Ramesh

      Thank you! 🙂

      To answer your query, the ICICI Prudential Money Market Fund- Growth does indeed currently show returns of 8.55% over 5 years, however these number do fluctuate a bit. Up till recently- March’17 the 5 year returns were at 8.65%. We claim a growth of up to 8.65% to give a clearer picture of the potential of growth here.

      Additionally, investments held for a longer duration have historically lead to returns higher than even 8.65%

      • Jason says:

        With a yield to maturity of 6.56% under ICICI Money Market Fund, how can you claim a 8.65% return over the long term? Do you have a crystal ball? or Does the fund manager plan to invest in junk investments?

        • Balance says:

          Hi Jason

          No, we do not posses a crystal ball or any such instruments , nor do we believe that the fund manager will be investing in junk investments.
          However, the ICICI Prudential Money Market Fund- Growth does indeed currently show returns of 8.55% over 5 years, however these number do fluctuate a bit. Up till recently- March’17 the 5 year returns were at 8.65%. We claim a growth of up to 8.65% to give a clearer picture of the potential of growth here.

          Additionally, investments held for a longer duration have historically lead to returns higher than even 8.65%

  7. Sumit says:

    Since money is deposited in a liquid fund through Zerodha, can it be used for cross margin to trade equities segment?

  8. Priyank says:

    Ios release ?

  9. Roopesh Keshav says:

    When will you launch a iPhone version

  10. Sattala Sridhar says:

    How i check my balance

  11. chaitanya dara says:

    Hi,
    What are the taxation rules on earnings from liquid funds?

    • Balance says:

      Hi Chaitanya

      If you sell your funds before three years (36 months), you will have to pay short-term capital gains tax. Short-term capital gains are added to your income and taxed as per the income tax slab applicable to you. If funds are held for more than three years, your gains will qualify for long-term capital gains tax of 20 per cent with indexation benefit on your original investment.

  12. Gaurav walia says:

    How is it different from coin platform.. Can we shift our portfolio from coin to this.

    • Balance says:

      Hi Gaurav

      Balance is a savings app, while Coin is an investment platform. You can choose to carry on using both platform as they solve different needs.

      Thanks!

  13. Harsh says:

    Hi, it’s installation is restricted country wise! Tried installing and it’s says option not available for your country. I bought this phone in India..

    • Balance says:

      Hi Harsh

      The app is only available in India, If you are out of the country then app install would not be possible.
      However, if that is not the case, please reach out to us on [email protected] and we’ll troubleshoot this immediately.

      Thanks!

  14. Sridatta says:

    Google play stays this is not available in your country. I’m in India, so how can I install?

    • Balance says:

      Hi Sridatta

      Please reach out to us on [email protected]. The app is available only in India, if you are indeed currently in India, then it may be that the Play store is unable to access your location, try turning your GPS on and attempt an install again.

      Thanks!

  15. Vinod says:

    Need the link for iOS.no app found in appstore

  16. Parthiv says:

    Hello,

    I have an HUF trading account with Zerodha. Will Balance app work with HUF account ?

  17. anil says:

    Can you please release your applications for Windows 10 mobiles..?? KITE too is not available on Windows platform. It will be very helpful if you can release app for windows store.

  18. Shilpa Agrawal says:

    Hi,

    Great app. Waiting for the iOS version.

    I know probably I should write on a separate forum but the kite app (iOS) is giving me a bit of pain. I basically can’t add funds or see my Mutual funds (coin) via app. Every time I’ve to login via browser to do that.

    Will be great if anything can be done about that.

    Thanks
    Shilpa

  19. HARIBABU BONTHI says:

    Whatever you introduce is miraculous sir. i’m big fan of u.
    i m waiting for iphone app.

  20. Nagarajan Kembavi says:

    Is it available for Apple Store?

  21. Chandra Mouli says:

    When will the app be made available for iPhone?

  22. Shekhar says:

    Can I use this by transferring excess idle money in trading account. How much time does it take to transfer back to trading account for buying stocks Also how is interest calculated/ exit loads etc

    Please suggest

    • Balance says:

      Hi Shekhar

      You can indeed use it to hold idle money, however the withdrawal time is up to T+2 trading days.
      There is no exit load and the interest calculations are based on growth in NAV of the fund.

      Thanks!

  23. Prakash says:

    Please provide for iOS as well

  24. Ankit Sanghvi says:

    You as always not charging investors for the services you provide, but how about charges from the AMC, would the investment be direct or through agent. How about entry load.

    • Balance says:

      Hi Ankit

      Yes, Balance is a free app and we do not have any charges. All investments are made via regular mode and Balance would be the distributor in these cases.

      There is no exit or entry load.

      Thanks!

  25. Arun Jude Amalaraj says:

    Would suggest a YouTube video link to show the details of this Balance App. Also, is there a web version available for this app?

  26. Santosh says:

    Hi,

    Please find my queries below.

    1. If I got balance of 10k in zerodha account. I need to allocate amount in ‘balance’ from zerodha?
    2. Say after 6 months I want to withdraw amount. I will be get with interest on the same day?

    Regards,
    Santosh

    • Balance says:

      Hi Santosh,

      You do not need to park funds in your Balance account, Balance is a savings app that helps you build the habit of saving. As and when you approve saves, balance will invest into the fund associated with your goal, through Zerodha Coin, using your Zerodha Kite account as a source of funds.

      If you want, you can however manually invest whatever amount you want in Balance, which would be the same as what you have described.

      To answer your second question, if you withdraw after 6 months, the total amount would be deposited back in your Kite account in up to T+2 Days.

      To know more about Balance and how it works. tune in here! https://www.youtube.com/watch?v=zFT-nA6j6Ek

  27. Kedar says:

    Hi Zerodha,

    As you suggested investment will be done in ICICI Mf scheme, if there is a negative NAV seen on Yoy basis, will my Balance value go down ??

    • Balance says:

      Hi Kedar

      Historical the ICICI Prudential Money Market Fund has never seen negative returns YoY, However, the in the extremely unlikely scenario in which this may occur, yes your portfolio will go down.

      Rest assured the iPru MM Fund is a low risk fund and has always seen healthy, stable YoY growth.

  28. Kedar says:

    Hi Zerodha,

    As you suggested investment will be done in ICICI Mf scheme, if there is a negative NAV seen on Yoy basis, will my Balance value go down ??

    Kedar

    • Balance says:

      Hi Kedar

      Historically, the ICICI Prudential Money Market Fund has never seen negative returns YoY, it’s a low risk fund which has always offered healthy and stable returns.

      Thanks!

  29. Megha goel says:

    Not able to login in balance app through kite credientials.

  30. Dominic Braganza says:

    Is it Direct investment or Indirect (Advisor commission)?

    • Balance says:

      Hi Dominic

      Yes, Balance is a free app and we do not have any charges. All investments are made via regular mode and Balance would be the distributor in these cases.

      There is no exit or entry load.

  31. shinendra kumar says:

    Hello, I like the idea of combining AI with investing. I have so signup for the Balance. Can you please ellaborate how it will invest my money , after how many time periods and will it invest in same mutual funds every time or different??

    • Balance says:

      Hi Shinendra

      We have collaborated with the largest AMC in India and handpicked the ideal mutual funds for you saving needs. Save automatically with the ICICI Prudential Money Market Fund — Growth and enjoy past interest rates of up to 8.65% p.a. which are twice as nice as saving accounts, and with one of the lowest risk rating and any time withdrawals, this fund is ideal for short term goals or just building a saving habit. Your withdrawals are processed in up to T+2 trading days and there is no entry or exit load.

      For your tax saving goal, Balance invests in the ICICI Prudential Long Term Equity Fund- Growth, an ELSS fund with interest rates of up to 22% p.a, with a 3-year lock in period. You can also save up to ₹46,350 in income tax when you submit your investment proofs, which will sent to you instantly.

  32. Rajesh says:

    Hi,
    Two queries.
    1.Balance is invested in Direct Plan or Regular Plan?
    2.Is this investment considered as margin for equity trading?

    • Balance says:

      Hi Rajesh,

      1.The investments are made in regular funds.
      2. Currently no, but we are working on this and in the near future that would be feasible.

      Thanks!

  33. Praveen says:

    IOS

    Waiting 🤓

  34. Karan says:

    Hi Nitin/Zerodha

    How are these standalone apps different from a say ET Money App or even a zerodha app. These app most probably have a set of low risk Mutual Fund where users money would be parked. Why have a different app when one app can help you trade in stocks or buy Direct MF from a large list?

    • Balance says:

      Hi Karan

      Balance is your everyday saving app that builds a saving habit for you. Your own little money saving accountant for a world that makes you spend. For example, Balance calculates how much you should save based on your weekly spends.

      The difference is in the experience and the ease with which one can kick-start a saving habit.

      Thanks!

  35. Sreenivas says:

    This is awesome concept. I just installed the app on my android phone and created “just saving” goal. Chatting with bot is very nice. I love the concept.

    I appreciate your innovative minds. I am also impressed with your “Coin” platform.

  36. Nandan says:

    If its tax saving scheme, You mean I cant withdraw money for 3 years? Please confrim

  37. Mohammed Rabidheen says:

    I have downloaded the app & when I tried linking my Zerodha account I got the following error.
    “Authorization required. Request does not contain an access token”.
    Let me know how to solve this.

  38. Rahul Gupta says:

    My kite account can’t linked and there is no error showing can you please check and is there any support number?

  39. shekhar says:

    Nice thought! But How it works sir? When it invest my money? Will it saves same amount every month? Are you invest only icici mutual funds? And most importantly, is it safe?
    Sir please add some tutorial videos of its working procedure with examples.
    It seems interesting and eager to know more.

    • Balance says:

      Hi Shekhar,

      You can go through our blog post(blog.balance.tech) to understand more about the product. And do ensure to tune in to our Webinar on Zerodha’s Youtube channel at 2:30 PM today, https://www.youtube.com/watch?v=zFT-nA6j6Ek

      To quickly answer your questions, your Zerodha Kite account acts as a source of funds , these funds are currently invested in ICICI Prudential Money Market Fund and ICICI Prudential Long Term Equity Fund. The iPru MM Fund is a low risk option that has never shown negative growth YoY.

      The Frequency of your saves would depend on the recipes you apply, you remain in complete control of how and when you save and also how much.

      Thanks!

  40. Zaid says:

    Could you please mention TAT for redemption. And are the returns taxable? What if redemption is done after 1 year?

    • Balance says:

      Hi Zaid,

      If you sell your funds before three years (36 months), you will have to pay short-term capital gains tax. Short-term capital gains are added to your income and taxed as per the income tax slab applicable to you. If funds are held for more than three years, your gains will qualify for long-term capital gains tax of 20 per cent with indexation benefit on your original investment.

      Your withdrawals are processed in up to T+2 trading days.

      Thanks!

  41. Bharath says:

    I can say it as clever idea but not a very good idea. Will be more useful if we have option to deposit and withdraw directly using net banking. Now every time I have to fund KITE account which will be charged 9 Rs for each transaction and my money will be invested in ICICI regular mutual funds and not in direct fund. This way I will be loosing lot of money say around 10 Rs for 100 Rs invested.

    I am not going to invest in this until net banking feature is provided.

    • Balance says:

      Hi Bharath

      Thank you for your feedback, we are currently working on adding additional funding accounts, including internet banking and debit cards.

      However as a quick hack to cover for your point around Kite, you can transfer a lumpsum amount to your kite account at the beginning of the month via IMPS bring the cost down by a little and making it less frequent.

      Thanks!

      • Bharath says:

        I appreciate you for working on adding net banking and debit cards options. Yes for time being I will follow your hack and check how friendly it is.

        Any tentative time frame for adding additional funding options?

        • Balance says:

          Hi Bharath,

          We are actively working on adding the convenience of direct money transfer from your Bank account. Expect to get an update from us over the coming few weeks. We recognise this as a very valid request and will do our best to provide the same ASAP. : )

          Thanks for giving us a shot and following the hack we recommended.

    • ShreyaDR says:

      Yes!
      I further have queries
      Zerodha started Coin to have us invest in Direct funds (That was the main reason for starting coin), ; but now by starting Balance….they are going on backfoot once again as it will invest in regular funds.

      Further, it will invest in debt fund whose returns are taxable, whether to withdraw before 3 yrs or not.

      Further, it is investing only in Icici AMC’s one fund. What if we want two invest in another fund or another AMC’s fund. That option seems to not there for us to decide.

      Thus, if zerodha is going to invest my money in Icici’s debt fund in regular mode; i will prefer to invest directly thru Icici or any other AMC for direct fund of my coice.

      • Balance says:

        Hi Shreya,

        Thanks for your queries.

        Balance is a completely free app. We don’t charge you any fees for using the app, and all the Recipes on Balance are also free. Balance provides truly revolutionary ways to save around your lifestyle, based on your spends and a host of other cutting edge technology and design that brings you the convenience of a personal saving assistant. The very goal of Balance is to help you stack up your savings without ever having to really give it much thought, as the app is capable of that intelligence. The ICICI debt MF has extremely low commissions, which is much much lesser compared to the Rs. 50 per month fee that you would have to pay if you invested into Direct MF via the Balance app. We do hope that you find our product unique and our recipes pathbreaking and choose to start using Balance to save up a little for a world that makes you spend. : ) Please read more to see how the Balance app can be very useful for you: https://blog.balance.tech/balance-save-up-a-little-today-d2ecc70a96ec

  42. Akshay Kul says:

    One more feather of beauty and smartness

  43. prashant pawar says:

    just signed up with balance but i don’t want to use and want to discontinue with balance and how can i do it? please help me

  44. Pratik says:

    You are advertising debt MF investments as “Safe returns up to 8.65%*”.

    Not only is it unethical, but also in clear violation of SEBI rules and misleading.

    • Balance says:

      Hi Pratik

      The ICICI Prudential Money Market Fund- Growth does indeed currently show returns of 8.55% over 5 years, however these number do fluctuate a bit. Up till recently- March’17 the 5 year returns were at 8.65%. We claim a growth of up to 8.65% to give a clearer picture of the potential of growth here.

      Additionally, investments held for a longer duration have historically lead to returns higher than even 8.65%.

    • Balance says:

      Hi Pratik

      The ICICI Prudential Money Market Fund-Growth does indeed currently show past returns of 8.55% over 5 years, however these number do fluctuate a bit. Up till recently- March’17 the 5 year returns were at 8.65%. We only claim growth of up to 8.65% to give a clearer picture of the potential of growth here.

      Additionally, investments held for a longer duration have historically lead to returns higher than even 8.65%.

  45. Venu says:

    Not able to link kite ..after giving kite permission return to app with credentials not linked
    Tried few times, same situation persists.
    I wonder how well app is tested, better stay way from this service until its stable..

    • Balance says:

      Hi Venu

      Could you contact us on [email protected]? This is highly unusual and should not happen.
      Rest assured this would be diagnosed and resolved ASAP.

      We take security very seriously, and that is the reason why we have chosen some of the best encryption protocols in the world. Your data is safe, secure and only accessible by you, protected with bank level security. Your savings are absolutely safe with us.

      .
      Thanks!

  46. Subhash says:

    When is it coming on IOS

  47. B R Subramani says:

    Awesome!!!
    Mr Nithin, you are always coming out with the best things, I am very proud to be a client of Zerodha.
    God bless you with all best things in your life

  48. Sid says:

    Dear Zerodha,

    Can you have an automatic ECS sort of arrangement for SIPs? I recently subscribed to 2 funds (until extinction) via Coin and wanted to know if the money transfer from my account to Kite can be automated as per frequency (monthly, weekly etc)

    Await your revert.

    • Balance says:

      Hi Sid!

      Thanks for your feedback, we are continuously working to make the experience on Balance app as amazing as possible, and will look into your request. Please contact us at [email protected] for a detailed discussion. We would love to interact with you. Thanks!

  49. aniket says:

    I am unable to link zerodha kite
    it stucked on that point
    My internet connection is ok

  50. S Seth says:

    Hi,
    Quick Q’s:
    1) Can I use this to park the overnight unused money lying in Zerodha Kite account to earn interest, and then have the money available for trading again on next day morning?
    2) If yes, then what are the cutoff time to invest in the afternoon/evening, and how soon can I expect to have the funds available for trading the next day morning? Do I need to wait till end of day for money to be available (as it is investing in funds that may be dependent on end-of-day NAV)?
    3) Can I make these balance investments on Kite website itself instead of going to the mobile app?

    Thanks
    S Seth

    • Balance says:

      Hi

      1. Currently, You cannot- The redemption time is up to T+2 trading days. But we are exploring options to build this functionality
      3. All investments need to be made through the Balance app.

  51. Hemanth says:

    Again if we invest in goal it is adding regular fund instead of direct fund

  52. Hemanth says:

    if we invest balance in goal it is adding regular fund instead of direct fund in Coin zerodha

  53. Hemanth says:

    if we invest balance in goal it is adding regular fund instead of direct fund in Coin zerodha , can it be direct ?

  54. Pritam Naik says:

    Hey Balance and Coin Team , introduce adhoc single payment direct mutual fund investment option ; if it fits your business strategy , Instead of paying around 600 INR pa , I would invest all debt mutual funds for fin year , in one / two months and pay 30-40 inr per investment , however withdrawal request should be available all around , only new investment to be charged. Attracts more number of people to invest .

  55. Venkat says:

    Hi

    I am unable to get the application from Google play. Can you please advise if this is available in the Middle East.

    Thanks

  56. sai venkata raju says:

    why i got 549 balance for just save recipe

    • Balance says:

      Hi

      Your first save needs to be of Rs 500 and above, this opens a folio under your name with the AMC, post this all saves would be dependent on the recipes applied.
      With a minimum save amount of as low Rs 100

      Thanks!

  57. Agam Gupta says:

    Application got stopped everytime goes on the next step

  58. Anu says:

    That was cool! Thoughtful concept and awesome design of app.

    One question – If Balance is registered by user A and is linked to Kite account of user B, whose name will the MF be on? What i could sense is that since all the formalities were on the name of user B, who has Zerodha account, MF will also be on the name of same user. User A is just an account on Balance. Correct?

  59. Anu says:

    What is the redemption time and amount limit? Is it instant like iPru-iSave or Reliance-Simple Save d or the usual 2 day time like all MFs?

    • Balance says:

      Hi Anu

      There is no amount limit. you can withdraw as low as Rs 1. Currently redemption would take up toT+2 trading days, but we are working on a solution for this, which would make it up to T+1 or maybe even instant.

  60. Gaurav says:

    The interest amount will come under capital gain tax?

    • Balance says:

      Hi Gaurav

      If you sell your funds before three years (36 months), you will have to pay short-term capital gains tax. Short-term capital gains are added to your income and taxed as per the income tax slab applicable to you. If funds are held for more than three years, your gains will qualify for long-term capital gains tax of 20 per cent with indexation benefit on your original investment.

      Thanks!

  61. Anu says:

    Is Balance using Zerodha Coin path? Does that mean the amounts I invest are free from charges upto 50000 and then a flat rate is charged? (As per Coin terms)?

  62. Krishnandu Sarkar says:

    Would love to see it in iOS 🙂

  63. RA6089 says:

    Can we park money for 1 month in mutual funds through kite?? And will there be entry load n exit load on it?? How much will be ur brokerage on it. And start this service on my account RA6089

  64. chinmay kulkarni says:

    Not able to link my kite account to balance. Getting error
    {
    “message”: “Authorization Required. Request does not contain an access token”
    }

  65. nath says:

    for proof to taxman, what would you provide on investing on ELSS funds sir?

    • Balance says:

      Hi,

      You receive an email every time you save on Balance, and also a confirmation email from coin upon placement and successful allocation. Rest assured, you will be able to receive or access tax proof documents when you need them. An easy way to access these as a PDF, you can login to Coin dashboard and simply download all.

  66. nath says:

    Also willit reflect in ECAS statements just like other invesetments?

  67. Abhilash says:

    Need windows app also

  68. sunil kumar says:

    Hello,,, Nithin Sir this is very helpful app for little saving daily, what amount can we save daily through this app and when will be balance app launch

  69. GOVERTHAN says:

    i linked my kite account, but in balance its not showing .

  70. Anant says:

    Gr8 work 🙂 Tried to connect Balance app to Kite, but it gives error. So couldn’t connect…

  71. Piyush says:

    Its a great start but ur balance app is jst irritating.
    Only quries regarding ur system generated queries are made available.
    Amt to b saved should be directly shown instead of being making a plan.
    It should b flexible to use showing directly the amount n plan seleted..

  72. Anand says:

    Hi,

    I am using Coin Platform for my parking my funds in liquid schemes. I can see only Lumpsum,SIP and Redeem options. If Switch, STP is made available it will be useful to switch to equity funds when there is a correction without losing time on redemption and reinvest.
    When will Zerodha enable this option which is available in other trading platforms.

    I am happy that you alone offer Direct Mutual Fund options.

    • Faisal Rahman says:

      Hi Anand,

      We are working on providing features like STP and SWP on COIN platform but will take some time to roll out.

  73. VAMAN says:

    Very good initiative…What about capital gains implications??

    • Balance says:

      Hi Vaman

      If you sell your funds before three years (36 months), you will have to pay short-term capital gains tax. Short-term capital gains are added to your income and taxed as per the income tax slab applicable to you. If funds are held for more than three years, your gains will qualify for long-term capital gains tax of 20 per cent with indexation benefit on your original investment.

  74. Kannan Yadav says:

    Hi can’t able to withdraw money from the app or google kitezeroba link could you help me..

  75. chinmay kulkarni says:

    Not able to link my kite account to balance. Getting error
    {
    “message”: “Authorization Required. Request does not contain an access token”
    }

    • Balance says:

      Hi Chinmay

      It may be that you are trying Kite-connect on a browser with the “Desktop Mode” turned on or using a browser other than Chrome, we request you to perform the following steps to turn it off so that you can connect your Balance account with your Kite account.

      Open Chrome browser (Please use only Chrome browser for this. We are working on integrating other browsers, and will update you soon.)
      Find the “Request desktop site” check-box under the “settings” menu.
      Turn off the “Request desktop site” check-box.
      Try linking your Kite account again with Balance.

  76. Chintan sodha says:

    Nithin

    This is really great.My firm invests client money using zerodha as broker from long time.We trade futures only ,meaning we only need 40 % of the amount in zerodha account as margins anytime.Rest 60% we had to keep it without any use.

    With 60% remaining amount we will now be able to earn 6 to 9% and this is really great news for our firm.

    Keep up the good work!!!

    -Cs.

  77. Piyush Katira says:

    Any plans on creating this app on iOS ?

  78. t.madhu says:

    Sir
    When I try to link with my kite a/c the screen show me this
    {
    “message”: “Authorization Required. Request does not contain an access token”
    }
    So what to do now

    • Balance says:

      Hello

      It may be that you are trying Kite-connect on a browser with the “Desktop Mode” turned on or using a browser other than Chrome, we request you to perform the following steps to turn it off so that you can connect your Balance account with your Kite account.

      Open Chrome browser (Please use only Chrome browser for this. We are working on integrating other browsers, and will update you soon.)
      Find the “Request desktop site” check-box under the “settings” menu.
      Turn off the “Request desktop site” check-box.
      Try linking your Kite account again with Balance.

  79. Venu says:

    I am kite user and wanted to save funds but would need instant access to Balance funds. So can I take delivery of shares with the funds in Balance?

    • Balance says:

      Hello Venu

      Currently that is not feasible. But we are working on it and it may be possible in the future.

      Thanks!

      • Venu says:

        Thanks for the information but buying shares against funds in Balance would be a great option. Please do consider it seriously and I hope you would provide this option soon.

  80. sandeep says:

    Zerodha u all ways think for customer befits. May I know when IOS version is released

  81. Anil says:

    Great concept with a thoughtfully designed app. I was looking for a good solution to help me save and Balance fits this requirement beautifully.

  82. Khursheed says:

    Dear zerodha make available in all country i m not able to download from saudi arabia.

  83. Abhijit says:

    hi team,
    I have two queries
    1) I have zerodha kite account but my dmat is with IF&FS , can I use balance and coin mf platforms ?
    2) As Ultra Short Term Debt Mutual Fund units will be in our DMAT ? if yes then when we redeem it ,
    will there be debit for say Rs15/- DP service charges similar to when we sell stocks ?

    Thanks you Zerodha and team for all the good things you do for us the customers.

  84. Sateesh chaurasia says:

    Why not one app for all options like coin/balance/kite/mf

  85. Abhishek Nath says:

    Why is it not available for iOS? Will it be available for iOS in the future?

  86. Ramesh N says:

    It will be useful if the pros and cons of Balance vis-a-vis Liquid Bees ETF are presented.

  87. Hemant Gupta says:

    Can’t download the app in US region

  88. Abhijit says:

    Hi,
    I am not able to connect my Zerodha funding account to balance app.
    Any suggestions?

    • Balance says:

      Hello

      It may be that you are trying Kite-connect on a browser with the “Desktop Mode” turned on or using a browser other than Chrome, we request you to perform the following steps to turn it off so that you can connect your Balance account with your Kite account.

      Open Chrome browser (Please use only Chrome browser for this. We are working on integrating other browsers, and will update you soon.)
      Find the “Request desktop site” check-box under the “settings” menu.
      Turn off the “Request desktop site” check-box.
      Try linking your Kite account again with Balance.

      • Abhijit says:

        Hello,
        I tried that also but same result.
        Actually when i click Add Funding Account tab…some times Kite window open and sometime didn’t.
        In addition, I have a question regarding the recipe.
        If I start saving via balance then can I stop and withdraw. means can i cancel the premium or it will ask me to yes or no?

        • Abhijit says:

          hello,
          after several tries …finally it linked.
          Is it possible to delete the current saving goal?
          if yes…then how …
          Thanks

          • Balance says:

            Hello Abhijit

            Thank you for your patience and persistence!

            Yes, you can delete active Goals. There are 3 ways:

            1: Once your saves have been invested in the fund, and there are no saves in processing- You can choose to empty and delete your goal- This would lead to a complete withdrawal

            2.If there are no saves for a goal- you tap and hold the goal in question in the my goals page- this will open the delete goal menu for you- you can also choose to tap and open that goal- upon scrolling down you will see a delete goal button.

            3. In case there are saves in process- that are still to be processed by Coin and there are no saves that have been invested in the fund- you can delete the saves in question from your Coin dashboard and perform option no 2.

            Thanks!

  89. Arun says:

    When will the iPhone app be released

  90. RN says:

    Reliance Money Manager Fund gives investors a debit card from HDFC Bank when they invest in that fund (this card is useful for instant withdrawals). Have you considered offering investors such a facility for redemption / withdrawal? Since ICICI is a bank, they shouldn’t have a problem in giving us a debit card for withdrawal upon investing through the Balance app.

  91. Sandeep says:

    Great initiative and a wonderful app…idea of recipes is fun man..added all recipes…want more 🙂 linking to trading account is a great first step…will start with transferring 10% of my profits in any trade to balance 🙂 hopefully you will bring more flexibility in future in choosing from more funds. I do not like Icici but something is better than nothing 🙂

    • Balance says:

      Thank you for your feedback Sandeep!

      We enjoy Recipes as much as you do and we’ll be announcing a few new ones soon! We are exploring ways to add more flexibility and choice for power users like yourself. Additionally we review our funds on offer every quarter and will be reviewing the current offering from iPru soon 😉

      Thank you once again for the enthusiasm!

  92. Pratik says:

    Nice and easy!
    One catch – All saves basically invest in ICICI AMC funds if I am not wrong. Since balance is essentially linked to COIN, I feel that user should get an option to choose EITHER to go ahead with balance recommended fund OR pick own AMC and MF. Also I hope the investments are in DIRECT FUNDS and not through DISTRIBUTOR ROUTE.

    • Balance says:

      Hi Pratik

      Thank you for your feedback!

      Balance is at the end of the day a savings app, that helps you build the habit of saving while growing your money at inflation beating rates. But, we are exploring ways to add more flexibility and choice for power users like yourself. Additionally we review our funds on offer every quarter and will be reviewing the current offering from iPru soon 😉

  93. Suraj P says:

    Do we have this app on IOS? Please let me know

  94. George says:

    So I have started using balance. I connected my kite account and started investing but money in my kite account doesn’t seem to be debited nor from my bank account even.
    Bug ?

    • Balance says:

      Hi George

      We understand your concerns and they are quite natural. When Balance generated your first save card – Balance captured an intent from you to save. Accordingly Balance placed an order via Zerodha Coin, with your Kite account as the funding source. The order is queued for processing as per the cut off time for trading days which is 1:30 PM and not debited instantly. So if any debits are to happen, they would happen at 1:30 PM on the appropriate trading day. The gap between these two transactions – also offers you a window to top up your Kite account in case of insufficient funds. In case you do not have sufficient funds at the cut off time- the transaction would be canceled automatically.

      The same logic is also applicable on withdrawals- as mentioned earlier the account and goal on Balance capture intent- which turns into a real save/investment post processing- only then can you conduct a withdrawal.

      Hope this helps. Do write in to us @ support[@]balance.tech

  95. Kannan says:

    Is it possible to park the fund temporarily for shorter duration from Zerodha say one or two weeks and get a return better than bank SB account interest say over 6%

    • Balance says:

      Absolutely Kannan!

      That’s the exact purpose of Balance for power users like yourself- to do more with your money without having to take too many risks. However- do note that the returns are entirely dependent on the time for which the money is held- up to 8.65% p.a.

  96. Kishore says:

    Apart from that, I have started using balance and also I have open a recipe and invested 500rs but its still in progress. How long will it take to complete the process and is there any. Charges when we get out of he fund like dp charges?

    • Balance says:

      Hello Kishore

      Thank you for saving on Balance.

      Orders placed by you before 1:30 PM on trading days are sent to the AMC the very same day and units are alotted to you in T+1 trading days. Orders placed after 1:30 on trading days are sent to the AMC the next day and alotted one trading day after that, so T+2 trading days. The NAV is for the date of allotment.

      For the second part of your question- there are no charges what so ever, Balance is absolutely free.

  97. suman saurabh says:

    the app is not working. It is hung, and not starting since then. No idea how to reach the customer support as well.

  98. sarang says:

    when will it be available on IOS platform ??

  99. Ravi says:

    Nice concept..few clarifications / suggestions

    1. To re-confirm, there will be no annual / monthly maintenance charges / 50 per month etc even if my savings in MF grow beyond 25K. (since as per your business model, you earn via commissions due to investing in regular MF) – is my understanding right ?

    2. It will be good if you can add more recipes – Hope you will keep adding as you evolve – one thing i would like is, if on a given trading day if i make profit (based on MTM or any logic like buy/sell of shares ) a % of it can be saved into MF – you can create a recipe for this, leaving the % to be invested configurable by the user.

    3. Definitely need more choices – icici alone will not be enough. Since you anyways earn via commissions, why not leave the choice of which MF to invest with the user?

    4. As many have also stated, need options to directly fund via bank account. E.g. payday recipe is one where it makes sense to invest from my bankaccount rather than kite account (which is usually meant for trading capital)

    5. for seeing the returns of my investments, should i go to coin or any other platform or will this app itself show me how much my savings has grown over the years..

    Thanks
    Ravi

    • Ankit says:

      Hi Ravi,

      Thanks for the suggestions. They are all extremely valid and it was great to see them here. To answer point wise:

      1. No annual / monthly maintenance charges, that’s correct, your understanding is spot on.
      2. Thinking of more recipes and there will definitely be new ones coming. Would be happy to hear out your thoughts, what phone number/ email shall I reach out to you on?
      3. Interesting point, we are still evaluating more choice vs. simplicity of one
      4. Again, a very valid point. We are working on it.
      5. You account screen shows you some details, we are working on providing interesting ways to visualise and access that info.

      Thanks,

      Ankit

  100. Selva says:

    Is chatting platform available for any trading or account queries?

  101. Rakesh says:

    What happens if I don’t withdraw money, like up to one year. And only after a year do I decide to withdraw. In this case will all my savings+interest be tax-free, because I’ve heard stock investments above one year are tax-free. And isn’t mutual fund a portfolio of stocks?

    • Balance says:

      Hi Rakesh

      If you sell your funds before three years (36 months), you will have to pay short-term capital gains tax. Short-term capital gains are added to your income and taxed as per the income tax slab applicable to you. If funds are held for more than three years, your gains will qualify for long-term capital gains tax of 20 per cent with indexation benefit on your original investment.

      Thanks!

  102. Nirbhay Agarwal says:

    I think there is some problem with this app. Only this conversation page is available on the screen, and rest there is nothing, no options button, or no settings button, no option to sign out. Want to use this app but very much disappointed with it’s performance.

    • Balance says:

      Hello Nirbhay

      The conversation screen is key to onboarding you as a user. All other options unlock themselves on completion of onboarding.
      Do reach out to [email protected] for feedback and queries. We’ll look into making the conversational flow more intuitive.

      Thanks!

  103. Rakesh says:

    Hello, balance….
    I want to know what happens if I withdraw money (i) after one day, (ii) after 10 days (iii)after a year? do I get my investment + the interest of around 8%. Or do I get the interest only after the completion of a year?

  104. Mohit Chhillar says:

    Hi,

    Is it possible to include more options to save other than ICICI Funds ? Can other debt funds and hybrid funds be included. Option should be there for ultra short term to long term investments.

    Thanks
    Mohit

  105. GAJENDRA says:

    About 3000 Rs. is invested in Balance and am not able to find an option on how to redeem it and come out of it. Please help on how to come out of this.

  106. Krishna says:

    Hi Nithin,

    Even within Coin, if we can group our mutual funds into life goals, it would be great. That gives a real purpose for savings and motivate to save more. Maybe the Balance app can be enhanced to add more funds and long-term goals?

  107. lalit ladkat says:

    Hey,

    i am unable to withdraw money from balance app. Please help.

  108. Shubham says:

    Hi.. I withdraw funds from zerodha on last friday but it hasn’t been credited in my bank a/c. Why?

  109. Pradeep says:

    I am unable to link my kite account to ‘balance’, After selecting to like to kite it is asking me to updating FATCA and redirecting to coin login.

  110. Nishant Nayak says:

    The mutual fund where the money gets invested is a direct mutual fund or a regular mutual fund?

  111. rajkumar says:

    Hey,

    I have zerodha account. Can’t we use it on website. Is it only accessible on android platform.

    Thanks

  112. Kishore says:

    What are the charges for withdrawal of money from balance app to trading account?

  113. Vaibhav says:

    Is this app available for ios

  114. Navaneeth says:

    Hi Nithin
    Its been good initiative i have been using zerodha kite for long time i am eagerly waiting for the balance app in IOS kindly let me know when ur going to launch the ios app

  115. Robin says:

    ICICI Prudential Money Market Fund- Growth does not have any exit load, but you guys should mention clearly that it is a debt fund and any gains from the investment will be subject to debt mutual fund taxation. For investments withdrawn under 3 years – at individuals tax slab and for 3+ years – 20% with indexation.

  116. Gauthem says:

    When are you guys coming out with an App for iphone users ?

  117. Karan says:

    Hi,

    Is Balance not available on App Store?

  118. tanmoy karmakar says:

    trying to open an account with your firm. already paid Rs.300 on 12.10.2017.
    before paying the a/c opening fee, I registered in my name and in my wife’s name separately. then I decided to open only in my name but with the email which I registered in my wife’s name.
    till that time everything was okay but at final preceding page what I saw was that somehow along with email id, my wife’s PAN also came in my name. from that day onwards I am calling your so-called efficient support team regularly but getting zero progress.
    the first appearance lasts.
    is not that disappointing?
    can anyone of you please take care?

  119. Rupreet says:

    Great app but why restrict to only one MF? As of today, it’s 5 year return is 4%, I get better in Yes Bank! What is restricting you to add more MF, let users decide which MF they want to use? I love the concept but only because of bad MF, I am not going ahead. Let us know if you change/give options in future.

  120. Gunjan says:

    When will the balance app be launched for apple users.

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