Good news for the investors! Now the investors can do mutual fund transactions through WhatsApp messenger. Motilal Oswal Asset Management Company has said. It has launched a WhatsApp transaction platform which will be available for both the new and existing investors.
It may be noted that the investors can use WhatsApp to invest in any scheme from Motilal Oswal AMC. According to the Motilal Oswal website- www.motilaloswalmf.com, “Now in our mutual funds invest with the speed and ease of WhatsApp”. For this investors through their registered mobile number can initiate the transaction in Motilal Oswal MF scheme just by sending ‘Hi’.
This process will take less than two minutes and customers can get instant transaction confirmation through the medium.
Investors can invest in either in Lumpsum or through Systematic Investment Plan (SIP) route. The fund house has clarified that this feature is not a part of WhatsApp Pay
After you send ‘Hi’ on the given number, you will receive the message saying.
“Welcome to Motilal Oswal Mutual Fund – WhatsApp transaction platform.
WhatsApp transaction is available only for Single a/c type and for resident Indian.
Please enter your PAN to authenticate and start your Investment Journey.”
How to activate from the mobile which is registered with Motilal Oswal AMC-
Step 1: Save +91 9372205812 to your contact list
Step 2: Open WhatsApp application
Step 3: Select the saved number
Step 4: Type ‘Hi’ and you will be guided to invest
The Correspondent Bureau with inputs from agencies