Wednesday, December 2, 2015

One Time Mandate

 OTM, or 'One Time Mandate' is a one time registration process that will allow you to invest with a mutual fund in a simple, convenient and paperless manner. Simply put, it is an authorization to your bank account to debit money up to a certain limit in a day to a mutual fund of your choice. You can use this facility whenever you are transacting with the mutual fund.
 

Once you opt for the OTM facility, you will never need to fill an investment form with the mutual fund again, especially a cheque. Any transactions in your folio will happen only based on your instruction to the mutual fund. The OTM form will allow you to indicate the maximum daily amount you are comfortable investing without a cheque.

 

Since it involves your bank and mutual fund, your transactions should be safe. You can opt for it if you want the convenience of investing in a mutual fund of your choice without going through the same formalities again and again.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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