With ‘Instant Investing’, bid farewell to boring paperwork and invest in just 5 minutes! It’s super quick and simple, really!
We are proud to announce that FundsIndia.com has become the first online platform to enable completely paperless account opening for mutual fund investing! And that too in just 5 minutes!
That’s right – now, an investor can go from zero to investment in 5 minutes flat with our ‘Instant Investing’ process that requires no signature or paperwork.
This is truly a milestone for mutual fund investors in India and we are the first and only platform to enable this for investing in schemes across mutual fund companies.
All we require from an investor to be able to go through this ‘green channel’ for investing are the following:
- The investor must by KYC verified with CVL KRA
- The investor should have a bank account in one of the 11 supported banks (all major banks included – SBI, ICICI, HDFC, Axis, etc.)
- The investor must email us a photocopy of his cancelled cheque leaf to start investing
If these are met, an investor can simply come to FundsIndia.com, enter his PAN and bank details, and accept the terms of the website. This, along with the uploading of the cheque image, will immediately qualify him for making investments in any one of five different mutual fund companies that we have currently enabled for this facility.
The five mutual fund companies that accept investments presently for such investors are:
- Birla Sun Life Mutual Fund
- ICICI Prudential Mutual Fund
- L&T Mutual Fund
- IDFC Mutual Fund
- PineBridge India Mutual fund
We are adding more AMCs to this list and we expect this list to double in size within a few days.
This has been the result of tireless work from all our teams – especially, technology and operations – who made this possible. We made this happen by working with multiple AMCs, payment gateways, and KRAs. Our thanks to them for making this a reality!
We are expecting our Instant Investing process to come in really handy for the upcoming tax-saving season as ELSS funds from the above-mentioned fund houses will soon be just 5 minutes away. Investing in tax-saving funds just got so much simpler!
To invest in schemes from other mutual fund houses, you will have to complete our customary registration process (that doesn’t take too long too!). FundsIndia’s Instant Investing process doesn’t just revolutionize investing; it revolutionizes your life too. You no longer have to wait to invest. By just giving a few details, you can invest in about 500 mutual fund schemes from the above-mentioned fund houses!
Investing cannot get more exciting than this, can it?