Investments are the got to option for you to roll your money. The common concern about investments is what to invest in. Mutual funds are usually the safest and most feasible option especially for new investors. Investing in Mutual funds through Systematic Investment Plan (SIP), gives the investor the option to invest periodically and not shell out a large sum of money at once.
It has been seen that while investing, investors prefer to set a specific date for carrying out their transactions (both payment and receiving). Depending upon their convenience and availability of funds and their need, they can schedule future transactions while investing in mutual funds India. This date of payment can be set according to an investor’s schedule of receiving payments, redemption of funds from other investments or other reasons for a cash inflow. Also the date for redemption of the mutual fund or receiving the dividend can be adjusted as per the needs of the investor.
To schedule and manage future transactions in mutual funds India, the investor should have a common account number (CAN) that is issued by the Mutual Fund Utilities (MFU), which is a shared service initiative taken by the mutual fund industry under the aegis of Association of Mutual Funds in India (AMFI). This CAN allow an investor to access and manage multiple mutual fund schemes across participating fund houses.
BENEFITS OF SCHEDULING A FUTURE TRANSACTION
1) Flexibility of the date of transaction – The transaction can be made as per the need and convenience of the investor and need not depend on the predetermined date as per the company. This helps the investor to plan payments from the amount received from the mutual fund as well as for further payment in the fund (as in the case of SIP) or further investment.
2) Transact from anywhere – Having a CAN will let you make the transactions online and it will save you from a periodic visit to the mutual fund office or the intermediate agent. This lets you manage your funds sitting at home.
3) Payment made on the same date – Once you fill up the CAN, you can use the CaST (create and schedule transaction) facility to plan your future transaction. On the date you have scheduled your transaction, you shall receive an SMS and email to make the payment (in case you wish to purchase mutual fund units). Your payment shall be cleared on the same day.
4) Will prevent you from defaulting – The notification system and flexibility will help you manage your funds better and will do away with any chance for you to become a defaulter.
5) Provides you a long time to arrange for payment – It is allowed to plan a transaction for up to 90 days in advance and hence provides you sufficient time to be prepared to make the payment.
It has been seen that while investing, investors prefer to set a specific date for carrying out their transactions (both payment and receiving). Depending upon their convenience and availability of funds and their need, they can schedule future transactions while investing in mutual funds India. This date of payment can be set according to an investor’s schedule of receiving payments, redemption of funds from other investments or other reasons for a cash inflow. Also the date for redemption of the mutual fund or receiving the dividend can be adjusted as per the needs of the investor.
To schedule and manage future transactions in mutual funds India, the investor should have a common account number (CAN) that is issued by the Mutual Fund Utilities (MFU), which is a shared service initiative taken by the mutual fund industry under the aegis of Association of Mutual Funds in India (AMFI). This CAN allow an investor to access and manage multiple mutual fund schemes across participating fund houses.
BENEFITS OF SCHEDULING A FUTURE TRANSACTION
1) Flexibility of the date of transaction – The transaction can be made as per the need and convenience of the investor and need not depend on the predetermined date as per the company. This helps the investor to plan payments from the amount received from the mutual fund as well as for further payment in the fund (as in the case of SIP) or further investment.
2) Transact from anywhere – Having a CAN will let you make the transactions online and it will save you from a periodic visit to the mutual fund office or the intermediate agent. This lets you manage your funds sitting at home.
3) Payment made on the same date – Once you fill up the CAN, you can use the CaST (create and schedule transaction) facility to plan your future transaction. On the date you have scheduled your transaction, you shall receive an SMS and email to make the payment (in case you wish to purchase mutual fund units). Your payment shall be cleared on the same day.
4) Will prevent you from defaulting – The notification system and flexibility will help you manage your funds better and will do away with any chance for you to become a defaulter.
5) Provides you a long time to arrange for payment – It is allowed to plan a transaction for up to 90 days in advance and hence provides you sufficient time to be prepared to make the payment.
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