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UTI Mutual Fund has facilitated instant commission facility for individual MFDs.
With this, individual MFDs can withdraw up to 75% of the total payable trail commission or Rs.50,000 instantly, whichever is lower.
MFDs can avail this facility through UTI Buddy app.
The minimum amount for withdrawal is Rs.1000. MFDs can avail this offer on any day of the calendar month except 1st of every month.
The balance or residual commission will be paid during the regular payout cycle of the fund house.
In a communication, the fund house said, “In this digital age of instant gratification, when your customers expect immediate outcomes, it’s only fair that you are also rewarded for fulfilling that wish.”
It said that with India’s first ever instant commission facility, MFDs can enjoy the benefits of experiencing the joy of receiving instant money in their bank account.
