What is Insta Redemption ( MYPURSE) ?
As per a report published by ET - " Investors are increasingly being attracted to liquid schemes of mutual funds which offer instant redemption schemes anytime 365 days a year." So what is this insta redemption facility ?
“This is a low risk method to adopt to mutual funds. One fourth of our new customers are now coming through this route,” says Srikanth Meenakshi, Founder and Director, Fundsindia.com.
This feature promises instant redemption, for upto Rs 2 lakhs in investor's bank account, with the promise that once you redeem, the amount will reach your account latest in half an hours time. Almost every AMC now offers such facility under their Liquid fund.
Several investment portals have started offering this facility to investors. Using this convenient and simple method, online portals have been able to get onboard several new customers and get wallet share from existing customers.
But it is important to understand that what are the key benefits for you as an agent ?
- You get an easy sales pitch to Onboard a new or beginner clients , like- you can tell them to invest Rs 100/- in any Liquid Fund, to begin with ; you can ask them to redeem the same after 2 days, to check the instant redemption facility. This way, you can even promote your mobile app and its process
- You can get an easy access to clients savings surplus, which generally is lying in their Bank account and diverted outside your domain by the banker. This way you can get better access on your clients surplus funds.
We at FinnSys thought to bundle all these features in a special product offering, called as ' MYPURSE'. Herein we have integrated the ICICI Prudential Liquid Fund - Reg - Gr as an underlying scheme, and have adopted a seamless flow of transaction, to provide better experience to the investors.
counselling of our products.
You can connect us anytime freely through any of the following communication mode
+91- 9198139406 or +91 901521-1521 (Missed call Number)
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