Pyllar charges and fees — the full picture
We believe you should know exactly what you pay and why. Here's a transparent breakdown of every charge related to using Pyllar — nothing hidden.
Start for Free — ₹21/dayShort answer: Pyllar is free to use. No app fees, no subscription, no GST on your investment.
The only cost is the AMC's expense ratio — which is built into the fund's NAV, exactly as it is for every mutual fund investor in India.
Every charge explained
App download fee
₹0 — FreeThe Pyllar app is free to download from Google Play. No payment required to install or create an account.
Subscription / monthly fee
₹0 — FreeNo subscription plans, no monthly charges, no premium tiers. Using the Pyllar app — including setting up SIPs, viewing balances, and managing redemptions — is entirely free.
GST on investment
0% GSTGold and silver mutual funds are exempt from GST by law. Every rupee of your SIP goes directly into gold or silver. Compare this to digital gold apps (like Jar) where 3% GST is deducted from every purchase before buying gold.
Expense ratio (AMC charge)
~0.5%–1.5% p.a.This is the only real cost. The AMC (Aditya Birla Sun Life, Nippon India) charges an annual expense ratio for managing the fund. This is already reflected in the daily NAV — you don't pay it separately. It's the same charge you'd pay investing in the same fund through any distributor or platform. Pyllar does not add any fee on top of the AMC's expense ratio.
Withdrawal / redemption fee
₹0 — FreePyllar charges no fee to redeem your investment. You get the current NAV value of your units. The AMC may charge an exit load (a small percentage) if you redeem within a very short period — check the fund's scheme information document for details. For most gold mutual funds held beyond a few days, exit load is nil.
SIP cancellation fee
₹0 — FreeYou can pause or cancel your SIP at any time from within the app — no cancellation fee, no penalty. Your accumulated units remain invested until you choose to redeem.
How does Pyllar earn if it's free?
A fair question — here's the honest answer.
AMFI-registered distributor commission
Pyllar operates as an AMFI-registered mutual fund distributor (ARN 341847). When you invest through Pyllar, the AMC pays Pyllar a distributor commission — a small percentage of the assets under management. This commission comes from the AMC's own revenue, not an additional deduction from your investment.
Regular plan vs direct plan
Investments through Pyllar are in the regular plan of the fund. Regular plans have a slightly higher expense ratio than direct plans (the difference funds the distributor commission). If you invested directly through the AMC without a distributor, you'd pay the direct plan expense ratio. The difference is typically 0.1%–0.5% — built into the fund's NAV, not charged separately to you.
No hidden charges — ever
Pyllar has never charged a user-side fee and has no plans to. AMFI regulations require full disclosure of commissions. If you ever want to see the full expense ratio of a specific fund, check the AMC's website or the fund's Scheme Information Document (SID).
Pyllar vs digital gold — real cost comparison
On ₹10,000 invested over one year (daily SIP of ~₹27/day).
| Cost Item | Pyllar (Gold MF) | Digital Gold (e.g., Jar) |
|---|---|---|
| App fee | ₹0 | ₹0 |
| GST on ₹10,000 invested | ₹0 | ₹300 lost |
| Expense ratio (annual) | ~₹100–₹150 (1%–1.5%) | Varies (spread + custody) |
| Actual gold bought on ₹10,000 | Gold worth ₹10,000 | Gold worth ₹9,700 |
| SEBI regulation (mutual fund) | Yes | No (commodity regulation) |
Frequently asked questions
Yes. There is no app fee, subscription, or download charge. Pyllar earns through an AMFI-standard distributor commission paid by the AMC — not from you. The app and all its features (SIP setup, portfolio tracking, redemptions) are completely free for users.
No. Gold and silver mutual funds are exempt from GST. Every rupee you invest in your Pyllar SIP goes directly into gold — no GST deduction at entry. This is a key difference from digital gold apps (like Jar), where 3% GST is deducted from each purchase.
The expense ratio is set by the AMC (not by Pyllar) and is already reflected in the fund's daily NAV. For gold mutual funds, it typically ranges from 0.5% to 1.5% per annum. You pay the same expense ratio you'd pay investing in the same fund through any AMFI-registered distributor. Pyllar adds no fee on top of this.
Pyllar earns a distributor commission from the AMC — the standard model for all AMFI-registered mutual fund distributors in India. This commission is funded by the difference between the regular plan and direct plan expense ratios, and comes from the AMC's revenue. It is not an additional charge to you. AMFI mandates full disclosure of this arrangement.
Pyllar charges no withdrawal or exit fee. The AMC may charge a small exit load if you redeem within a very short period after purchase (check the fund's SID for details). For most gold mutual funds, exit load is nil after a few days. Any applicable exit load is set by the AMC, not by Pyllar.
Start with no fees, no GST, no lock-in
₹21/day. 0% GST. Free to use. SEBI-regulated. AMFI ARN 341847.
Download Pyllar — Free