A new Whatsapp transaction platform has been launched by the Motilal Oswal Asset Management Company (AMC) to do mutual fund transaction.
The transaction platform is the first of its kind initiative by any fund house in India which is easily accessible to fresh as well as existing investor.
Investors can use WhatsApp to infuse funds in any scheme from Motilal Oswal AMC.
“Offering transactions on WhatsApp is our effort to try and be present wherever our investors might find it easier and convenient to be able to deal with us,” said Aashish Somaiyaa, managing director and CEO at Motilal Oswal AMC.
The investor through his/her registered number can initiate a transaction in Motilal Oswal MF (Mutual Fund) schemes just by typing ‘Hi’.
Here are the steps by which one can invest via WhatsApp:
- Add Motilal Oswal AMC number (+91 9372205812) in his/her contact list
- Get on to WhatsApp, and then type ‘Hi’ on the above number
- From there on the journey is built in such a way that the customer continues with subsequent instructions on the mode of investment, fund, amount etc after sharing the PAN details
- Post this, the customer is sent a payment link where the customer goes to his bank account & authorises payment for the transaction.