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.



Category Tag

Related Files

Hands on with Command and Conquer Rivals
Game, Mobile
The Command and Conquer franchise made its PC debut all the way back in 1995. In the two decades since, the game has garnered a rabid following with dozens of sequ
How to remove your phone number from Facebook (How to find out if your account was hacked) 50 million Facebook accounts hacked and more
Facebook, Information, Social, Tips
[77.88 kb]
In what has come as a shocking breach of user data, it was revealed yesterday that as many as 50 million Facebook accounts were hacked. It’s a big blow to th
WhatsApp for iPhone Reportedly Gets Group Audio Calls (Android Users Receive Option to Select All Chats)
Social, WhatsApp
WhatsApp for iPhone is said to have started receiving group audio calls functionality. This means that you'll soon be able to make voice calls to your multiple
Padmavati Movie HD Picture Free Download
Actress, Bollywood, Celebrities, Deepika Padukone, Wallpapers
Ratan Singh is taken prisoner by Alauddin, who demands to see Padmavati. Upon being insisted by the chief queen, she agrees, and travels to Delhi to meet Khilji. M
Dish TV DTH channels selection How to choose channels online as per TRAI new rules
DTH, DTH Activation, DTH Installation, DTH Plans in India, Information, Tips, TRAI Rules for cable TV, TV, Video
Dish TV DTH Channel Selection Process Online under TRAI's New Rules: Here is how you can choose your 100 channels for Dish TV online as per TRAI new rules for
Vivo V15 Pro Will Come With a 48MP Primary Rear Camera Amazon India Teaser Suggests
Mobile, Phone, Smartphone, Technology, Vivo
Vivo India has officially announced to launch the V15 Pro in India on February 20. The company has now teased the V15 Pro on Amazon India website confirming that t
How to use multiple WhatsApp accounts on desktop
Social, WhatsApp
WhatsApp is one of the most popular messaging app with a user base of 1.5 billion. The company claims that its messenger witnesses about 60 million messages being
Priyanka Chopra Actress Wallpaper
Actress, Bollywood, Celebrities, Priyanka Chopra
At the age of thirteen, Chopra moved to the United States to study, living with her aunt, and attending schools in Newton, Massachusetts, and Cedar Rapids, Iowa, a
Biggest Features Google Maps
Google, Map, News
9 biggest features Google Maps got in 2017 - Google Maps has emerged as the go-to tool for most of us while traveling. We rely on it not only to gauze traffic cond
ASUS ZenFone 5Q mid-range Android Oreo phone now available in US
Asus, Mobile
One of the smartphones ASUS unveiled during Mobile World Congress 2018, the ZenFone Q5, is now available to purchase in the United States. As we previously explain
Alexa Vega 4
WhatsApp Working on Double Sticker Feature for Android Users
Social, WhatsApp
WhatsApp is expected to bring three new features to its personal messaging app in the next update. Two of these features are related to the stickers, while the thi
Home » Updates » Daily Update