Here how you can invest in Mutual Funds using WhatsApp


With the introduction of initiatives like Aadhaar validation, common KYC, and online payments, investment processes have surely become more convenient.

But how about investing using something as simple and familiar as WhatsApp?

Well, some investment companies are now offering platforms that let you buy or sell mutual funds via WhatsApp in just a few basic steps.

Here's all about it.

Chatbots to help in investing in mutual funds

In some way or the other, we have all had encounters with chatbots aka conversational agents that are basically software applications that can fill in for a real person.

Similar tech has now been deployed by investment firms like Wishfin and Motilal Oswal wherein chatbots help users buy or sell mutual funds using WhatsApp.

Anyone can use WhatsApp investment platform

The investment bot can be used by anyone, whether you are a new investor or an existing one.

To get started, you'll have to visit your service provider's website to register your number and agree to the terms and conditions.

After this, you'll have to verify your KYC details, select your investment plan (lump sum or SIP), and confirm the type of your scheme.

Final step: Get URN and register it with your bank

When you complete your investment details, you will receive a one-time password (OTP) which will be used to get a URN (Unique Reference Number). The URN has to be registered with the bank to activate SIP transactions using WhatsApp.

Here's how to invest in mutual funds via Motiwal Oswal

Save Motilal Oswal AMC's verified number +91 9372205812 to your contact list and then open WhatsApp.

Select Motilal's contact and send Hi to get started.

You will be required to provide personal information, PAN, and details regarding your fund (name, amount, mode of payment, etc.)

Next, you will receive a payment link through which you can make the payment for the transaction.

Here's how to invest in mutual funds via Wishfin

Likewise, if you want to invest in an SIP via Wishfin Mutual Fund, you can either register your number on the company's website or give a missed call on +91 8447782222.

Following this, you'll receive a message from +91 8929702833, which is a verified WhatsApp business number for Wishfin.

Now, follow the instructions provided by the chatbot and proceed accordingly to start investing.

 

6132_5

Category Tag

Related Files

2531_3
OnePlus 5T Lava Red Limited Edition to launch in India on January 11
Android, Mobile, OnePlus, Smartphone
It seems that the Chinese smartphone maker OnePlus is on a launch spree. Recently, the company launched the Star Wars edition of its Flagship smartphone OnePlus 5T
1469_3
Moto X4 review
Mobile, Motorola, News
There are times - actually mostly - when price becomes one of the most critical factors in deciding on how good a smartphone is. A few thousand rupees here and the
3069_3
Sai Dharam Tej HD Wallpapers
Actors, Bollywood, Sai Dharam Tej
Sai Dharam Tej is an Indian film actor who forays from Chiranjeevi's own family. He works predominantly within the Telugu movie enterprise. Dharam is the son o
1728_3
2018 phones with fingerprint scanners
Mobile, News
2018 phones will finally get in-display fingerprint scanners – should they follow the iPhone X instead? : Synaptics made an announcement yesterday that has t
3922_3
Samsung Galaxy A6 and Galaxy A6 Plus Leaked Renders Show Infinity Display Metallic Design
Mobile, Samsung
Galaxy A6 and Galaxy A6+ are expected to launch this year as two new mid-range handsets from Samsung. Earlier this month, the smartphones were spotted on the compa
2443_3
Chorus Mrinal Sen
Actress, Bollywood, Celebrities, Hollywood
27 Down Awtar Krishna Kaul Raakhee, Sudhir Dalvi Drama 36 Ghante Raj Tilak Parveen Babi Thriller 5 Rifles I.S. Johar Rajesh Khanna, Shashi Kapoor Action Aahat Kish
174_3
Bollywood Celebrities Anushka Sharma Wallpaper
Actress, Anushka Sharma, Celebrities
Anushka Sharma is an Indian film actress, producer and model. She has established a career in Hindi films, and is one of the most popular and highest-paid actresses in India. Anushka Sharma an exempla
1428_3
Kajol
Actress, Bollywood, Celebrities, Kajol
Kajol (born Kajol Mukherjee; 5 August 1974), also known by her married name Kajol Devgan, is an Indian film actress, who predominantly works in Hindi cinema. Born
1857_3
Aiyyari Trailer
Bollywood, Mobile, Trailer
Sidharth Malhotra - Manoj Bajpayee's Aiyyari Trailer Looks Gripping : Neeraj Pandey‘s Aiyaary, featuring Sidharth Malhotra and Manoj Bajpayee, is all set
5387_3
Best smartphone under Rs 15000 Samsung Galaxy M20 vs Xiaomi Redmi Note 6 Pro vs Nokia 6.1 Plus vs Honor 10 Lite
Honor, Information, Jio, Mobile, Nokia, OnePlus, Phone, Samsung, Smartphone, Technology, Xiaomi
Samsung has made fight tough for smartphones in the sub-Rs 15,000 segment with the launch of its all-new M-Series. Dubbed Samsung Galaxy M10 and Galaxy M20, the sm
3946_3
Xiaomi Mi 6X (Mi A2) With Dual Rear Cameras AI Integration Launched Price Specifications Release Date
Mobile, Xiaomi
The Mi 6X smartphone has been launched by Xiaomi at an event at Wuhan University, the alma mater of CEO Lei Jun. The new Mi 6X smartphone, which is expected to be
4131_3
6 Android smartphones that - look like - Apple iPhone X
Asus, Honor, Huawei, iPhone, LG, Mobile, Nokia, OnePlus, Oppo, Tips, Vivo
[50.11 kb]
Apple iPhone X's 'notch display' seems to have become the hot favourite of Android smartphone companies. Though introduced by Essential Phone in March
Home » Updates » Daily Update
 
Fun2Ind.com