WhatsApp allows you to invest in mutual funds, here’s all you need to know

New Delhi , News Nation Bureau | Updated : 04 July 2019, 12:16 AM
Follow these simple steps to invest in Motilal Oswal mutual funds through WhatsApp.
Follow these simple steps to invest in Motilal Oswal mutual funds through WhatsApp.

From exchanging text and audio messages to sharing images, videos, GIFs to make calls, people spend a lot of time on messaging app WhatsApp. Now, the digital platform has given its users one more option i.e. allowing investment in mutual funds. Yes, you heard it right. Now you can use WhatsApp for easy investing. The first of its kind initiative has been launched by Motilal Oswal Asset Management Company (Motilal Oswal AMC).

It has become the first AMC in the country to introduce mutual funds (MFs) to WhatsApp. Customers can use their instant messaging app window to complete the mutual fund purchase.

“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," Aashish Somaiyaa, MD & CEO, Motilal Oswal AMC had said at the launch.

Users who want to invest can initiate a transaction in Motilal Oswal MF funds through his/her registered mobile number just by typing a salutation. The entire process can be completed in less than two minutes and users can get an instant transaction confirmation.

Investors can either invest lumpsum or through SIPs.

Follow these simple steps to invest in Motilal Oswal mutual funds through WhatsApp:

  • Add Motilal Oswal AMC number (+91 9372205812) to your contact list.
  • Open the chat window and type ‘Hi’ and send.
  • Now you will be asked to share details like name, date of birth and other details.
  • Some users may be asked to sharing the PAN details also.
  • Once the process is complete, you will get a payment link where the customer goes to bank account and authorises payment for the transaction.
First Published: Wednesday, July 03, 2019 08:29 PM
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