The service helps investors to alter monthly SIP
investment without a fresh ECS bank mandate.
Fundsupermart, the online mutual fund investment portal has launched flexi SIP service. According to the new service, investors can alter the monthly SIP investment without any hassle of a fresh ECS bank mandate.
"The Flexi SIP feature enables investors
to effortlessly alter their monthly investment to suit their affordability or
temporary upheaval in their finances,” says Rajesh Krishnamoorthy, Managing
Director, iFAST Financial India Pvt Ltd.
Investors only need to choose the funds where they want to make the alterations, the amount they want to invest in those particular funds, date of investment and the maximum ECS limit.
“A savvy investor who wants to take advantage
of acquiring more units during a market downturn can increase the SIP amount.
Likewise, if valuations are stretched and he would prefer channelizing his
savings into a debt fund till the market cools down, he could make the
appropriate changes,” says Nelson D’souza, General Manager, Fundsupermart.com.
