What is a lumpsum Order?

1Answer

A lumpsum or a One-Time investment is a single purchase transaction in a mutual fund scheme.

Steps for placing a lumpsum order:

  • From the explore funds page, select the scheme in which you would like to invest and enter a lumpsum amount.

  • Choose the Folio Number, if you have an existing Folio Number in that AMC, if not request for creation of a New Folio. 

  • Select the payment method [Net Banking, One-Click Pay or NEFT/RTGS] and complete the payment for your order.

  • That's it you are done, the order will be processed on the business day of order placement and unit allocation will reflect in your account on the next business day. 

 
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