JAMA
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Becoming a Jama Member

  • Why are your costs so low? How will you give me continued service if you don?t make any commission money?
    The industry is moving form a HIDDEN & HIGH cost model to one that is OPEN & LOW cost. We at Jama are part of this major shift. We are able to offer a low cost as keep our own costs low and use technology extensively to automate most tasks: everything from selecting mutual funds to the transaction processing and portfolio monitoring. With less paper to handle, we need less staff. Plus we don?t need fancy offices. This keeps our costs lean and low. We can serve lakhs of customers at a low unit cost. You as a customer get the full benefit.

    This makes us confident that we are here to stay and serve you for lifetime.
  • Why do I need a subscription?
    You can get a lot done in Jama with a free plan and get to explore the system. Instead of operating multiple mutual fund logins, you can manage all funds in one place. This also includes importing outside funds, tracking them and even switching to direct.

    However, purchasing a subscription in Jama gives you access to several features. You can invest in unlimited number of transactions and get an expanded selection of mutual funds.

    You can get your risk profile done which in turn helps you find our ideal asset allocation and personalised mutual fund selections. You will also get alerts on when is a good time to invest more.

    For advanced users with larger portfolios, Jama's SEBI Registered Advisors are available for personalised wealth planning as well.
  • Is Jama really free?
    Jama is free for the first Rs 50,000 of portfolio : zero transaction charges, zero commission, no subscription fees.
  • Why do you have a Rs 50,000 limit for the free plan?
    Mutual fund agents, distributors, brokers take on average upto 1.5% commission per year. For a Rs 50,000 investment this means a commission of roughly Rs 500. So at and after a Rs 50,000 of total investments, our subscriber will get full value from our subscription.

    Beyond Rs 50,000 investments, complete upside is with you. We won't charge a rupee more but you can keep saving more.

    Over time the saving you make compounds. It could reach about 40%-50% of your entire portfolio.

    Why not set the limit to Rs 30,000 and charge only Rs 300 subscription?
    Yes that is an option but the number could be something else. After speaking to several users we figured out that Rs 50,000 is a good limit to allow many users to fully experience Jama before they are ready to subscribe.
  • Which plan is right for me?
    We recommend new users to start with the Basic plan and make a few investments and atleast one SIP. After that experience our home screen to see the rich information it presents you. Also make a withdrawal transaction to assure yourself that your money indeed reaches your bank account.

    Having done this, you can upgrade to the Silver plan that allows unlimited transactions and expanded fund selection. This is sufficient for users who prefer to do their own research but want the convenience of a single platform to manage their mutual funds.

    If you are not satisfied with this and want more smart features then the Gold plan gives you timely alerts and a personalised offering based on your risk profile.

    If you are a High Net Worth individual and are seeking extra returns and the comfort of speaking to an expert advisor then the Platinum plan is for you.
  • Why do you ask for a subscription?
    We do not receive any commission from Mutual Funds; our source of revenue is our customers. This is what makes us unbiased and recommend only the best funds for our customers.

    As a business we also need to pay our bills and meet various expenses like application development, hosting, etc. With your subscription you will help us extend the benefit of commission free investing to more people.
  • Is Platinum the right plan for me?
    The Platinum plan is recommended for advanced users with larger portfolios (of say Rs 10 lakhs or more; but investors closer to that amount can also avail it). Jama's SEBI Registered Advisors spend time with you to understand your needs, goals and arrive at a customised financial plan for you. This covers your entire investment portfolio (not just mutual funds). We also do periodic asset rebalancing, fund performance reviews and portfolio consolidation. Retirement planning also gets a lot of focus as it is the largest financial goal for most people. We also do insurance planning and review covering both health and life insurance.

    Platinum plan reduces leakage in terms of commissions, fees, loads etc. With the right selection of funds you can generate extra returns.
  • I will cross Rs 50,000 in just one transaction. I need more time to decide on using Jama
    Regardless of the investment amount, you can invest in Jama for atleast three investment transactions. The Rs 50,000 limit does not apply for the first three transactions. We do not count switch orders (from mutual funds held outside Jama) towards these three transactions. If you feel you need more time to explore Jama, please do contact us.
  • Is Jama value for money (Paisa-Vasool) ?
    Definitely - our subscription plan is priced at a point where you already achieve benefits that are higher than the cost you pay. Commissions in regular funds cost investors about 1.5% commission per year. For a Rs 50,000 investment this means a commission of roughly Rs 500. So at and after a Rs 50,000 of total investments, our subscriber will get full value from our subscription.

    Beyond Rs 50,000 investments, complete upside is with you. We won't charge a rupee more but you can keep saving more.

    Over time the saving you make compounds. It could reach about 40%-50% of your entire portfolio.
  • My advisor does it free. Isn't Jama expensive?
    By now you know that your are paying the broker 1% to 1.5% from your money. This is being paid by the Mutual Fund to the broker/agent. In the long run (say 20 years) these commissions compound and could go upto 40%-50% of the entire portfolio.

    And you are paying this for advice that may not be in your best interests - because often agents push funds that earn them higher commissions. Is this really worth paying? Isn?t document pickup un-necessary, due to paper-less technology and automation?
  • How is Silver different from Basic?
    The Basic plan helps you access our scientifically selected funds and gives a single platform. Instead of operating multiple mutual fund logins, you can manage all funds in one place. This also includes importing outside funds, tracking them and even switching to direct.

    The Silver subscription in Jama allows you to manage an unlimited portfolio and make unlimited transactions. It also gives you an expanded selection of mutual funds.
  • How is Gold better than Silver?
    With the Gold plan you make Jama work for your personal profile. You can get your risk assessment done which in turn helps you find our ideal asset allocation and personalised mutual fund selections. You will also get alerts on when is a good time to invest more.
  • I like Jama. How do I refer my friends and family?
    Making a referral is easy. You can go to My Referrals section and tap on "Refer a Friend". This will help you share a link or send a message containing your personal Referral code. When a new user registers in Jama with this referral code then you stand to get credit when they subscribe to Jama.
  • How do I redeem the referral credit?
    You can redeem the referral credit when you subscribe to Jama or upgrade your subscription. The referral credit amount will be reduced from the subscription amount.
  • I made some referrals. When will I get the credit?
    Your credit will show as soon as your friend becomes a subscribed user.
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