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Financial Services

Mutual Funds & SIP

Distribution of mutual fund schemes across fund houses, with investor onboarding, order placement and folio servicing from one screen. Both lump sum purchases and systematic plans are supported, and an existing investor with folios elsewhere can be brought in without redeeming and reinvesting.

What you get

  • Schemes across multiple asset management companies in a single order screen
  • Investor onboarding with KYC checked against the registry before the first order
  • Lump sum, SIP, STP and SWP order types
  • Mandate registration so a SIP debits automatically once set up
  • Consolidated portfolio view across folios, with current value and returns
  • Redemption and switch requests placed from the same screen as purchases

How it works

  1. 1Check and complete KYCThe investor KYC status is checked against the registry first. An investor already KYC-compliant can transact immediately; a new one completes onboarding before the first order.
  2. 2Place the orderScheme, amount and folio are selected, and the order is submitted with payment collected on the investor own bank account.
  3. 3Register the mandate for SIPsA systematic plan needs a one-time bank mandate. Once registered, later instalments debit without the investor returning to the counter.
  4. 4Service the folioStatements, valuations, additional purchases, switches and redemptions all run against the same folio from the counter.

FAQ

About mutual funds & sip

Can an investor who already holds funds elsewhere transact here?

Yes, if their KYC is already registered. Existing folios can generally be brought under servicing without redeeming anything, which matters because redeeming to reinvest triggers a tax event and, on some schemes, an exit load. Whether a specific folio can be transferred depends on how it was originally transacted, so it is checked per folio.

What happens if the SIP instalment bounces?

The instalment is missed rather than the plan being cancelled outright, though the bank may levy its own return charge and repeated failures can cause the mandate to be discontinued. The investor is notified so the account can be funded before the next cycle.