DSP BlackRock Investment Managers Pvt Ltd has launched ‘m-Invest’, through which investors can simply send an SMS or make a phone call to purchase or redeem their investments.
‘m-Invest’ enables investor who has a registered folio and mobile number with DSP BlackRock Mutual Fund to invest conveniently, using their mobile phone.
All they need to do is to register for m-Invest using the Registration-cum-Debit Mandate Form.
After receiving the m-Invest registration confirmation from the AMC, investors can send an SMS to 567672855 or call on 1800 200 4499 (toll-free number) and specify the amount of purchase/redemption.
This amount will be directly transferred from/ into the registered bank account into/from the specified scheme.
The facility will become available starting July 1, 2012 for individuals within the country. The AMC plans to extend this facility to other categories of investors such as sole proprietors, NRIs, non-individuals, among others at a later stage.