mutual fund investment is on fingertips now, sebi has cleared the way to enter this way

Now the investors in the capital market are free to invest in mutual funds more conveniently with the new regime passed by the regulator SEBI under which every individual having their e-wallet can invest upto 50000/mutual fund/ financial year through their e-money.
But one more thing to add is the money in wallet should be loaded through cash, net banking or debit card for the purchase of mutual funds, no money is permitted to purchase the units of mutual fund routed via credit card, promotional schemes and cashback schemes.

E-wallet companies are directed not to offer any schemes or cashback to invest via their route. this move really empower the mobile users to park their household savings into capital markets to plan their investments in prudent manner.

posted by,
saket kumar singh(Founder)
Lakshya wealth srvices

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visit: www.lakshyawealth.com

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