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Wednesday, January 21, 2015

What is One Time Mandate (OTM)?

One Time Mandate (OTM) is a one-time registration process that enables an investor to transact seamlessly on the fundsupermart.com platform.

Using the OTM facility, the investor instructs his bank to allow a debit of a certain amount with a fixed daily upper limit in his/her account whenever he/she wishes to transact on fundsupermart.com. With this instruction set in his bank account, the investor can proceed to carry out SIP and Lumpsum transactions in his fundsupermart.com account thereby eliminating the dependency on any particular mode of payment.

In simple words, once you register for OTM, you don't need to make any online payments while transacting on our platform as your bank will directly deduct the requisite amount from your account.  

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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