Question 1

What is Bini?

Accepted Answer

Bini is a byte-sized investment platform that helps you build wealth over time. You can invest in mutual funds and open a BO account online, all from one simple app, with more asset classes coming soon.

Question 2

Is Bini regulated?

Accepted Answer

Bini works only with regulated institutions, including Asset Management Companies (AMCs) and brokerage houses overseen by the Bangladesh Securities and Exchange Commission (BSEC). Every investment follows the rules set by regulators.

Question 3

Does Bini hold your money?

Accepted Answer

Your investments always stay with the financial institutions and AMCs for mutual funds. For monthly investments (SIP) in mutual funds, the AMC automatically pulls the investment directly from your bank account on the selected date. For one-time investments (lumpsum) in mutual funds, you transfer the money directly to the AMC’s bank account.

Question 4

How to open an account in Bini?

Accepted Answer

Download the Bini app and sign up with your name, phone number, and email. Verify your phone, and your account will be ready to use.

Question 5

How to start investing using Bini?

Accepted Answer

Starting investing is easy. Step 1: Upload your details: Your NID, image, signature, bank details and BO details (required only for mutual funds). Step 2: Upload nominee’s details: Nominee’s NID, image and signature. Once done, you’re ready to invest anytime.

Question 6

What is the benefit of investing using the Bini app?

Accepted Answer

Bini makes investing simple, accessible, and completely online. It is the first platform in Bangladesh where you can invest in multiple mutual funds from one place. Invest in multiple funds with a single profile, no need to submit your details repeatedly. Track your investments easily: see how much you’ve earned, transaction history, dividend history, and all investment details in one place. Get clear insights into where your mutual fund invests, by company and sector, along with dividend history. Learn and make informed decisions with your Personal Finance Buddy, which explains money and investment concepts in simple language. Plan smarter with the investment calculator, which shows potential returns before you invest. Sell investments conveniently.

Question 7

What is a mutual fund?

Accepted Answer

A mutual fund is when a licensed professional manages and invests your money for you. Instead of researching the market yourself, a fund manager pools your money with others’, chooses the right investments, and manages everything on your behalf. It’s the easiest way to invest without needing expertise or constant monitoring.

Question 8

What is a BO account?

Accepted Answer

A BO (Beneficiary Owner’s) account is your digital locker for mutual fund units and stocks. You need one to invest in mutual funds or stocks. With Bini, you can open a BO account fully online and get the first year’s maintenance fee waived if you invest any amount after opening.

Question 9

What is SIP?

Accepted Answer

SIP (Systematic Investment Plan) means investing a fixed amount every month on a fixed date in a mutual fund. It is the easiest way to build wealth over time.

Question 10

How to start a SIP?

Accepted Answer

Once your profile is complete, you need to do the following steps to start your SIP: Choose a mutual fund Enter the amount Select the pull date (when AMC will deduct the amount) Choose a dividend option That’s it your SIP is set up and will run automatically every month.

Question 11

What is the minimum amount to invest?

Accepted Answer

You can start a SIP with as little as ৳ 1,000 per month.

Question 12

Does SIP guarantee profit?

Accepted Answer

SIP doesn’t guarantee immediate profit. But over time, it can help you build significant wealth. By investing a fixed amount every month, you buy more units when prices are low and fewer when prices are high, averaging your cost. Over the long term, compounding can make your returns grow significantly.

Question 13

How does Bini make money?

Accepted Answer

Bini creates agent partnerships with the AMCs in order to earn fees. If you invest using Bini, the AMC shares a percentage of the management fee with Bini. You don’t have to pay anything extra. For example, an AMC charges 2% management fee. If you invest directly you pay this 2% fee and if you invest via Bini you pay exactly the same, 2% management fee. Then AMC shares a part of this 2% fee with us. So it costs you nothing extra but you get all the extra benefits. Another revenue is when you sell mutual funds, Bini charges ৳ 99 per request. This is regardless of your selling amount. If you sell units worth ৳ 10,00,000 you pay ৳ 99, if you sell units worth ৳ 10,000; you pay ৳ 99. This charge is collected to cover the costs of making your selling process digital and hassle free.

Frequently Asked Questions