Get the free SIP Auto Debit Facility Form - VSK Financial Consultancy
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Principal PNB Asset Management Company Private Limited Investment Manager for Principal Mutual Fund Deejay House, 5th Floor, 3, Dins haw Accra Road, Churchgate, Mumbai 400 020. Tel: (022) 2202 1111,
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How to fill out sip auto debit facility
How to fill out SIP auto debit facility:
01
Contact your mutual fund house or broker to inquire about the SIP auto debit facility.
02
Fill out the necessary forms provided by the mutual fund house or broker. These forms typically require your personal information, bank account details, and SIP investment details.
03
Provide a cancelled cheque or a copy of your bank statement as proof of your bank account. This is usually required to ensure that the SIP auto debit is linked to the correct bank account.
04
Review the terms and conditions of the auto debit facility and make sure you understand the process and any associated fees or charges.
05
Submit the filled-out forms and required documents to the mutual fund house or broker.
06
Once your application for SIP auto debit is processed, you will receive confirmation from the mutual fund house or broker. They will inform you about the commencement date of the auto debit facility.
Who needs SIP auto debit facility:
01
Investors who want to regularly invest in mutual funds through a systematic investment plan (SIP) can benefit from the auto debit facility. It helps to automate the investment process by directly debiting the investment amount from their bank account on a specified date.
02
Individuals who have a busy schedule and may forget to make manual investments regularly.
03
Investors who prefer a disciplined approach to investing and want to ensure that their SIP investments are made on time without any delay or manual intervention.
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