If you have also been amused by the massive returns mutual funds gave this year and want to take the easy route to invest and manage them, here is a mobile app by SBI for easy transaction and management of your mutual fund folio.
Know about the app here in detail which can be downloaded from both iOS and Google Play Store
Invest in MFs on the go- Other than enabling you transact in and make mutual fund purchase, the unique platform enables you to specify financial goals for yourself and your family. The user can begin to build his fund folio by simply a fingertip click and all an investor needs is his or her PAN.
Simple access to your folio without passwords through MPIN or OTP based login: Instead of the otherwise cumbersome process of login using a password, in the InvesTap a customer can create a 6-digit MPIN for logging or ask for a OTP based verification to log in the account.
Compares three of the SBIs fund: For well informed decision making, the app enables an investor to compare maximum 3 funds. Further a holistic view of your folio is provided as the app tracks your portfolio's performance as well as offers daily updates on NAV value.
Payments for the investment can be made through multiple channels: As against the net banking and debit and credit cards, customers are also allowed to make payments for their investments via one-time mandate or UPI as they desire.
One time mandate for mutual fund investment can be made online: You can start with a SIP investment in mutual funds in as less as 5 days by registering a mandate for the same online.
Estimate returns from your investments: The SIP performance calculator in the app provides an estimated value of your folio just by giving the SIP amount and investment period depending on the past performance of the scheme.