NACH will cut down the SIP registration time from the current 30 days to a mere 10 days. As per a decision taken by the mutual fund industry, from March ECS (electronic clearing service) mandates used for doing Systematic Investment Plan (SIP) will be replaced by NACH ( National Automated Clearing House) a new system of clearing. National Payments Corporation of India (NPCI) has implemented NACH. All new mutual fund SIPs will have to be registered using NACH.
As per distributors, NA ..
