What is Mino and how does it work?

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).

Is Mino better than keeping money in a savings account?

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.

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

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.

How fast can I withdraw my money through instant redemption?

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

Can I use Mino as an emergency fund?

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.

Are my returns on Mino guaranteed?

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

Which mutual funds are available on Mino?

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

Liquid Mutual Fund vs Savings Account: Where Should You Keep Your Money?

Most savings accounts in India offer a meager 2.5% to 3.5% interest per year. When you factor in inflation, keeping your money idle in a regular bank account actually means you are losing purchasing power over time. If you're wondering how to earn more interest than a savings account in India without locking your money away in a fixed deposit, you have options.

Why Your Savings Account Isn't Enough

Inflation Impact: Inflation outpaces savings account interest rates.
Lost Opportunity: Idle money isn't working for you.

The Best Alternatives to Savings Accounts

Liquid Mutual Funds: Liquid funds invest in highly safe, short-term debt instruments. Historically, they offer returns around 6-7% p.a., significantly beating traditional savings accounts.
Arbitrage Funds: Good for tax efficiency, especially for those in higher tax brackets.
Sweep-in Fixed Deposits: Slightly better than savings, but still comes with premature withdrawal penalties in many cases.

Why Liquid Funds Win for Idle Cash

Liquid funds provide the perfect balance of higher interest and high liquidity. Platforms like Mino allow you to invest in SEBI-regulated liquid funds and withdraw your money instantly to your bank account, giving you the flexibility of a savings account with the returns of an investment.

Don't let your money sit idle. By shifting your emergency funds and spare cash into liquid funds, you can earn up to 3x more interest than a standard savings account.