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NSE - Best Five : Reliance Industries Limited
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1000 shares of HDFC Bank Limited will be bought daily for a period of 1 month.
200 shares of Infosys will be bought daily for a period of 1 month.
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Your order for 2 robox of HDFC Bank Limited has been placed successfully.
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Your first installment will be deducted from ledger & subsequent from the bank.
I/We Hereby confirmed that this is a transaction done purely at my/our sole discretion. Payments for Mutual Fund investments by XSIP/iSIP are done using my own bank account. I/We agree to accept the Terms & Conditions
SIP For
Allocation
Amount
Tata Balanced Fund(G)
Allocation40%
Amount 2,100
DSP-BR Micro Cap Fund
Allocation20%
Amount 1,100
Birla SL Dynamic Bond Fund (G)
Amount4,400
11,000 INR of SIP in total for above mentioned funds will be invested on 24th of every month starting from 24 July, 2016 for a period of 39 months.
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You have successfully created the mandate and your mandate ID is 2356411
You have successfully created SIP transaction in SBI my equity fund. The URN for this transaction is SBI-235160
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If you are a first time investor trying to open a bank account or invest in mutual funds, you are likely to have come across a term called KYC. KYC stands for Know Your Customer, and is a process you need to go through, to be able to deal with any financial institution in India.
KYC validates your identity, address and signature among other things and is a prerequisite for investment in mutual funds and even opening of a bank account. Without valid documents for KYC the financial institution in question, (bank or Asset Management Company) may refuse you the opportunity to open a bank account or grant permission for investment in any mutual fund schemes.
The Reserve Bank of India, the apex bank of the nation has made KYC compulsory for all banks and financial institutions in 2004. KYC is of primary importance as not only an identity proof but also a safeguard against money launderers or other criminal activities.
The key objective of e-KYC is to reduce paperwork and cut down on turnaround time of completing your KYC formalities online in real time in a few easy steps. You can thus complete your KYC formalities in a matter of minutes and proceed to make your first purchase at the same time.
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