Mutual Funds, IPO GMP & Calculator FAQs

TopFund is India's free mutual fund intelligence platform. We provide star ratings, CAGR returns, sector allocation, NAV history, IPO GMP tracking, SIP calculators and more — all in one place, updated daily.

Yes. TopFund is completely free for all users. You can browse 8,786+ mutual funds, track IPOs, use all calculators and read news without paying anything.

TopFund is a data and research platform, not a SEBI-registered investment adviser (RIA). All information is for educational purposes only. Please consult a SEBI-registered adviser before investing.

No. TopFund is a research and information platform only. We do not facilitate transactions. To invest, use AMFI-registered platforms like Zerodha Coin, Groww, MF Central, or directly through the AMC.

No. You can browse fund data, IPO GMP, news and every calculator on TopFund without signing up. An account is only needed for optional features like saving watchlists.

Fund NAV comes directly from AMFI. Star ratings are shown as-is from third-party data providers where available, or computed by TopFund using its own methodology when they're not — see Rating Methodology. Portfolio holdings and allocation data come from fund data providers. IPO GMP is sourced from grey market dealer networks. Gold, silver, fuel and FD rates are refreshed from official and market sources daily.

Use the Contact Us page to reach our team for support queries, feedback or to report an error in fund or IPO data.

It depends on the fund. Where a third-party rating exists, TopFund displays it as-is, unedited — we don't recalculate or modify it. When no third-party rating is available, TopFund computes its own fallback rating from trailing return percentile within category and an expense ratio adjustment, so every fund still shows a rating. Each fund's rating card shows which kind it is. See our Rating Methodology page for the exact formula.

NAV is updated daily after market close (typically by 9 PM IST) sourced from AMFI. TopFund refreshes all fund NAVs every 12 hours to ensure you have the latest data.

Go to Mutual Funds → Compare Funds. Select up to 4 funds to compare side-by-side on NAV, star rating, expense ratio, 1Y/3Y/5Y CAGR returns, AUM, risk level and sector allocation.

AMC stands for Asset Management Company — the fund house that manages your mutual funds. Examples include HDFC AMC, SBI Funds Management, Axis AMC, ICICI Prudential, and Mirae Asset. Browse all AMCs on our AMC pages.

Direct plans have no distributor commission, so they carry a lower expense ratio and give slightly higher returns than Regular plans of the same fund over time. Regular plans include commission paid to the distributor/advisor who sold you the fund. Use our Direct vs Regular calculator to see the exact difference.

Expense ratio is the annual fee (as a % of your investment) an AMC charges to manage the fund — covering fund management, admin and distribution costs. It's deducted daily from the fund's NAV, so a lower expense ratio means more of your returns stay with you.

AUM (Assets Under Management) is the total market value of all investments a fund or AMC manages on behalf of investors. Higher AUM generally indicates investor trust and fund stability, though it can also affect a fund's agility in smaller-cap categories.

In the Growth option, profits stay invested and compound over time, growing the NAV. In the IDCW (Income Distribution cum Capital Withdrawal) option, the fund periodically pays out a portion of profits to you, which reduces the NAV correspondingly. Growth is generally better for long-term wealth building.

Exit load is a fee charged when you redeem (sell) your mutual fund units before a specified holding period, usually 1 year for equity funds. It's typically 0.5%–1% and is meant to discourage short-term withdrawals. It's deducted from the redemption amount, not charged separately.

ELSS (Equity Linked Savings Scheme) funds have a mandatory 3-year lock-in period, the shortest among tax-saving instruments under Section 80C. You cannot redeem or switch units before 3 years from the date of each SIP/lumpsum investment. Browse ELSS funds on TopFund.

These categories are based on the market capitalization of companies a fund invests in. Large-cap funds invest in the top 100 companies by market cap (more stable, lower risk). Mid-cap funds invest in companies ranked 101–250 (higher growth potential, higher risk). Small-cap funds invest below rank 250 (highest growth potential and highest volatility).

Yes, but it's treated as a redemption followed by a fresh purchase, which may trigger exit load and capital gains tax if done within the applicable period. You'll need to do this through your existing platform, AMC, or MF Central — TopFund doesn't process transactions.

GMP is the price at which an IPO's shares trade in the grey (unofficial) market before listing. A positive GMP suggests strong demand and an expected premium listing. TopFund tracks live GMP for all active IPOs.

GMP is an unofficial market indicator — it reflects demand sentiment but does not guarantee listing price. Treat it as one data point among many, not as a guaranteed return.

It shows how many times an IPO has been subscribed. For example, '50x subscribed' means applications received are 50 times the shares available. Higher subscription often correlates with stronger listing, especially in the QIB category.

Allotment status is published by the registrar (like Link Intime or KFin Technologies) on the finalization date listed in the IPO timeline. You can check it on the registrar's website or your broker app using your PAN, application number, or DP/Client ID.

Listing gain is the percentage difference between an IPO's issue price and its price on the first day of trading on the stock exchange. For example, if a share is issued at ₹100 and lists at ₹130, the listing gain is 30%.

Lot size is the minimum number of shares you must apply for in an IPO — you can't apply for a single share. It's fixed by the company based on the issue price, so retail investors typically apply in multiples of one lot within the ₹15,000–₹1,00,000+ range depending on the issue.

QIB (Qualified Institutional Buyers) includes mutual funds, banks and FIIs. NII (Non-Institutional Investors, also called HNI) covers investors applying for more than ₹2 lakh. Retail Individual Investors (RII) apply for up to ₹2 lakh. Each category has a reserved portion of the total issue size, and subscription levels are tracked separately for each.

If shares aren't allotted, the blocked amount in your bank account (via ASBA/UPI mandate) is automatically released, usually within 1–4 working days of the allotment finalization date — no separate refund request is needed.

Mainboard IPOs list on the NSE/BSE main platform and require a minimum post-issue capital as per SEBI norms. SME IPOs list on the NSE Emerge or BSE SME platform for smaller companies, have higher minimum lot sizes (often ₹1 lakh+), and generally carry higher risk and lower liquidity.

SIP (Systematic Investment Plan) lets you invest a fixed amount monthly. Our SIP calculator uses the formula FV = P × [(1+r)^n − 1] / r × (1+r) to estimate your maturity value based on monthly amount, annual return rate, and time period.

CAGR (Compound Annual Growth Rate) is the annualized rate at which an investment grew. Formula: CAGR = (Final ÷ Initial)^(1/years) − 1. It smooths out year-to-year volatility into a single comparable rate.

SIP works best when markets are volatile or you're investing from monthly income, since it averages your purchase cost (rupee cost averaging). Lumpsum can generate higher returns if invested right before a sustained market rally, but carries higher timing risk. Compare both using our SIP calculator and Lumpsum calculator.

A Step-up (or Top-up) SIP automatically increases your monthly investment by a fixed amount or percentage every year, matching rising income. It helps you reach financial goals faster than a flat SIP. Try our Step-up SIP calculator.

SWP lets you withdraw a fixed amount from your mutual fund investment at regular intervals, while the remaining corpus stays invested and continues to grow — commonly used for generating a regular income in retirement. Use our SWP calculator to plan withdrawals.

PPF (Public Provident Fund) is a government-backed 15-year savings scheme with a fixed, government-declared interest rate (compounded annually) and full tax exemption under Section 80C (EEE status). Our PPF calculator projects your maturity value based on yearly contribution and the current interest rate.

EMI (Equated Monthly Instalment) uses the formula EMI = P × r × (1+r)^n / [(1+r)^n − 1], where P is loan amount, r is monthly interest rate, and n is number of months. Use our EMI calculator for home, car or personal loans.

It compares the 20-year net cost of buying (total EMI paid minus appreciated property value) versus renting (total rent paid minus returns from investing the down payment). Both scenarios are customizable.

No. All calculators assume constant returns, which real investments never produce. Results are illustrative only. Past performance is not indicative of future results.

Our gold rates and silver rates pages are refreshed daily based on market prices, shown per gram and per 10 grams for 22K/24K gold and silver, city-wise across major Indian cities.

Prices vary by city due to differences in state VAT/local taxes, transportation and dealer margins. Fuel prices in particular are revised daily and differ significantly between states due to state-level excise duty and VAT rates. See today's petrol and diesel prices by city.

Yes, our FD rates page lists interest rates as published by banks and NBFCs for various tenures, sourced and updated regularly. Always confirm the latest rate on the bank's official site before booking, as rates can change with short notice.

Tax loss harvesting is the strategy of selling investments that are currently at a loss to offset capital gains tax on your profitable investments, reducing your overall tax liability — commonly done before the financial year-end (March 31). Learn more on our Tax Loss Harvesting page.