Whenever clients think about SIPs, they would generally have a long term / medium-term goal in mind. One of the points that the client would always be keen to know about would be which schemes should be selected for SIPs and how should the total SIP amount be split into these schemes.
We are introducing a solution that facilitates answers to these questions on our digital platforms. Presenting - SIP Basket.
SIP basket is a bucket of SIP schemes for a specific theme. Currently, we are offering aggressive, moderate, and conservative SIP baskets. These baskets are backed by inputs from our research team, and consist of answers to -
This, hence makes it very easy to convey the research-backed options possible to the client.
The process to initiate SIPs through the SIP Basket feature is very easy and can be completed for a client within seconds.
Login to mf.indiainfoline.com & select client ID
Please note below key points.
Once the user clicks on Invest Now, the cart would be displayed in line with the selection.
Key point to note:
Since the SIP Basket is being processed, removal of any scheme(s) individually through the cart would not be possible, since this would result in deviation from the allocation recommended through the SIP Basket.
It is always recommended to apply for SIPs through mandate since this removes the dependency on fund requirements in client ledger. If a new mandate is to be created, it is again recommended to go for online mandate options such as internet banking/debit card with which mandates can be initiated digitally and within seconds, and the mandate approval time is much shorter compared to a physical mandate.
If you have opted for new mandate creation with internet bank or debit card, the mandate processing link would be sent to the registered contact details of the client - please advise the client to click on the link and process the mandate once.