Mutual Funds- If you invest in mutual fund, this news is useful for you. Significantly, the mutual fund trade aggregation portal MF Utilities has brought a major change to how payment is made in mutual funds.
Now, no investor will be able to invest in mutual funds by check after March 31. Along with the check, the payment of all types of physical methods will now be prohibited.
Investments in mutual fund will not be able to deposit money by any physical mode, including checks, letters of transfer, payment orders, demand drafts, etc. If you put money into mutual funds using MF Utilities, this rule will apply to you.
This is the reason for the change of rules
let us tell you that while briefing the media about this, MF Utilities CEO Ganesh Ram said that this rule change was made due to the rules set by SEBI.
According to the CEO of MF Utilities, those making mutual fund payments using MF utilities will no longer be able to make mutual fund payments via RTGS/IMPS/NEFT and check payments. Roar on all these media will be effective from April 1, 2022.
According to CEO Ganesh Ram, all these rules have been changed to improve the system. Now the question must come to your mind by which mode you can make the payment now. So let us tell you which customers will not be affected by this change.
Make a payment via Net Banking and UPI
People who like to invest in mutual funds can now easily make payments through Net Banking and UPI. Along with this, you can invest in your mutual fund using the PayEezz platform. To use the PayEezz platform, first log in to it, then use it.
If you prefer to invest a small amount, you can also use UPI for that. Let us tell you that over the past few years, the number of people investing in mutual funds has grown very rapidly. Mutual funds offer maximum returns to people with less risk.
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