FundsMama — Personal Finance App for India

FundsMama is India's all-in-one personal finance platform. In one app you can apply for instant personal loans, invest in 24K digital gold and 999-pure digital silver with daily SIPs, compare and apply for top credit cards, purchase travel insurance for domestic and international trips, and pay electricity, gas, water, DTH, and mobile bills via BBPS. FundsMama serves salaried professionals and self-employed Indians looking for a single, trusted destination for everyday financial needs.

Personal Loans — Fast, Paperless, and Direct to Your Account

FundsMama offers instant personal loans to salaried Indians with a transparent, fully online process. Eligible applicants can borrow up to 80% of their monthly take-home salary, up to a maximum of ₹2 lakhs, with repayment tenures between 12 and 60 months. Disbursals typically happen within 24–36 hours of approval. There are no hidden charges; the full loan structure, interest rate, and repayment terms are shared upfront before you sign anything.

Personal Loan Eligibility

• Indian citizen, salaried professional
• Age 21–55 years
• Monthly take-home salary of at least ₹10,000
• Regular salary credit to a bank account
• Valid CIBIL score (checked during underwriting)

Loan Repayment

EMIs are auto-debited from your salary account on a fixed monthly date via e-mandate. Prepayment or foreclosure is allowed without charges after the first 6 EMIs; early foreclosure before 6 months attracts a small fee. FundsMama supports a CIBIL score checker to help you understand your credit health before applying.

Digital Gold — Buy 24K Pure Gold from ₹1

FundsMama partners with Augmont, one of India's leading precious-metals platforms, to offer 24-karat, 999-purity digital gold. Every gram of gold you buy is physically stored in fully insured, BIS-certified vaults under your name and managed by an independent trustee — legally shielded from FundsMama's business risk. You can buy and sell at live market rates with no brokerage or storage fee, and request home delivery as hallmarked coins, bars, or jewellery starting from just 0.1g.

Key Digital Gold Features

• Minimum purchase: ₹1 (grams equivalent at live gold price)
• Purity: 24K, 999 — BIS hallmarked and certified
• Storage: insured, independently trusteed vaults (audited annually)
• Sell anytime after 48 hours; proceeds credited in 1–3 working days
• Home delivery of coins/bars/jewellery across India (insured transit)
• No hidden charges; GST of 3% applies on purchase only

Gold SIP (Systematic Investment Plan)

Gold SIPs on FundsMama let you invest a fixed rupee amount in gold at daily, weekly, or monthly intervals. The investment date is used to buy gold at the previous day's closing price, benefiting from rupee-cost averaging. You can pause a SIP for 1, 2, or 3 months or indefinitely; missing an instalment gives a 5-day grace period before the SIP closes. All accumulated gold is always yours.

Digital Gold Regulation and Safety

Digital gold in India is not regulated by SEBI or RBI — no formal regulatory framework currently exists for this asset class. FundsMama complies with all applicable laws including KYC requirements, PAN validation, and capital-gains taxation rules. The independent-trustee structure means your gold holdings are never part of FundsMama's balance sheet.

Capital Gains Tax on Digital Gold (India)

• Long-Term Capital Gains (LTCG): If held more than 24 months — 12.5% flat, no indexation. Gains up to ₹1.25 lakh per financial year are exempt (effective July 2024).
• Short-Term Capital Gains (STCG): If sold within 24 months — taxed at your applicable income-tax slab rate.

Digital Silver — 999 Pure Silver with SIP and Home Delivery

FundsMama offers 999-purity digital silver through the same Augmont-backed vault infrastructure used for gold. Buy, hold, and sell live at market rates with no hidden charges. Silver SIPs follow the same daily, weekly, or monthly cadence as gold SIPs. Home delivery of silver coins and bars is available from 1g upward across India, with insured transit and tamper-proof packaging. Live silver prices are updated in real time within the app.

Credit Cards — Compare India's Top Five and Apply Online

FundsMama's credit card comparison page covers five leading cards with side-by-side detail on joining fees, annual fees, cashback rates, reward point mechanics, lounge access, forex markup, and fuel surcharge waivers. Apply directly through the FundsMama platform.

HDFC Millennia Credit Card

Best for online shoppers. Earn 5% cashback on Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Sony LIV, Tata CLiQ, and Cult.fit. Earn 1% cashback on all other spends. Get a ₹1,000 gift voucher or one domestic lounge access for every ₹1 lakh spent per quarter. Joining and renewal fee: ₹1,000 + GST (waived if annual spend exceeds ₹1 lakh).

SBI SimplyCLICK Credit Card

Best for online shopping rewards. Earn 10X reward points on Amazon, BookMyShow, Cleartrip, Foodpanda, Lenskart, and Netmeds. Standard spends earn 1 reward point per ₹100. Annual fee: ₹499 + GST; waived on annual spends above ₹1 lakh. Fuel surcharge waiver at all petrol stations across India.

Axis ACE Credit Card

Best for flat cashback via Google Pay. Earn 5% cashback on bill payments, DTH, and mobile recharges made through Google Pay. Earn 2% cashback on all other spends. No annual fee if annual spends exceed ₹2 lakhs. Complimentary domestic airport lounge access (4 visits per year).

Kiwi YES Bank Credit Card

Best for UPI users. Earn flat 1% cashback on all UPI transactions made via the Kiwi app with your YES Bank credit card. Lifetime free — no joining or renewal fee. Suitable for users who prefer UPI over traditional card swipes.

Scapia Federal Bank Credit Card

Best for frequent travellers. Earn flat 10% Scapia coins on all travel bookings made through the Scapia app (flights, hotels, activities). Earn 2% on all other spends. Lifetime free card with no joining or renewal fee. Unlimited domestic and international airport lounge access via Scapia Travel Pass.

Travel Insurance — Complete Cover for Every Journey

FundsMama offers travel insurance for both domestic and international trips through trusted insurance partners. Coverage includes medical emergencies (hospitalisation, evacuation), trip cancellations and interruptions, checked baggage loss or delay, passport loss, and personal accident. OCI card holders with valid passports and return trips to India can also purchase international travel insurance. Overseas policies can be extended once or twice subject to insurer terms. A Third Party Administrator (TPA) handles claims on behalf of the insurer.

Bill Payments — BBPS for All Your Household Bills

FundsMama's bill payment service is powered by the Bharat Bill Payment System (BBPS), the Reserve Bank of India's official multi-channel bill payment infrastructure. Supported biller categories include electricity, piped gas, water, DTH, broadband, mobile postpaid, and landline. Pay bills for yourself or on behalf of family members. Payments are processed in real time and cannot be reversed — refund requests must be raised with your bank using the transaction reference. FundsMama displays full transaction status (success or failure) immediately after payment.

About FundsMama

FundsMama is a fintech company headquartered in India, building accessible and transparent personal finance products for everyday Indians. The platform brings together lending, investment, insurance, and payments in a single app experience. Digital gold and silver are powered by Augmont, a registered precious-metals dealer with SEBI-appointed independent custodianship. Bill payments are processed through BBPS-certified infrastructure. FundsMama does not hold customer gold or silver on its own balance sheet; all holdings are legally owned by the customer and managed by the independent trustee. Customer support is available at support@fundsmama.com, Monday to Saturday, 10 AM to 7 PM IST.

Frequently Asked Questions

How do I apply for a personal loan on FundsMama?

Fill out the online form on the website or app, upload KYC documents digitally, and receive disbursement within 24–36 hours of approval. No branch visit required.

Is digital gold safe on FundsMama?

Yes. Your gold is stored in BIS-certified, fully insured vaults by an independent trustee (Augmont). It is your asset legally, not FundsMama's.

What is the minimum amount to buy digital gold?

₹1 (equivalent weight at the live gold price at time of purchase).

Can I start a gold SIP on FundsMama?

Yes. Choose daily, weekly, or monthly SIPs. You can pause for up to 3 months or indefinitely and resume anytime.

Which credit cards are available on FundsMama?

HDFC Millennia, SBI SimplyCLICK, Axis ACE, Kiwi YES Bank, and Scapia Federal Bank — with side-by-side comparison of fees and rewards.

What bills can I pay through FundsMama BBPS?

Electricity, gas, water, DTH, broadband, mobile postpaid, and landline bills.

How do I check my CIBIL score on FundsMama?

Use the built-in CIBIL Score Checker under the loans section of the app or website.

Is digital gold regulated by RBI?

No. Digital gold is not currently regulated by RBI or SEBI. FundsMama operates under applicable KYC, PAN, and taxation rules. Your gold is protected through an independent trustee structure.

Contact FundsMama