5 Misconceptions on Sips

As the number of sip folios(accounts)are increasing day-by-day, there are several misconceptions in the minds of the investors still today! As AMFI’s(Association of Mutual Funds of India) campaign “Mutual Fund Sahi Hai” prompts investors to do sip’s higher rather than lumpsum investments, sips have gained popularity. Even though this is somewhat true, mutual fund investorsContinue reading “5 Misconceptions on Sips”

Rules To Be Changed For Auto-Debit Transactions with effect from October 1st,2021

Till Now, monthly bill payments and mutual fund sip’s are auto-debiting from the customer’s account once the customer gives consent to the bank for auto-debit on a particular date. But it is not possible from October 1st,2021. As per the recent guidelines the bank has to cross-check 2 factor authentication to pass auto-debit transaction. ForContinue reading “Rules To Be Changed For Auto-Debit Transactions with effect from October 1st,2021”