Yes, an approved OneClick mandate can be used to place lumpsum orders in Mutual Funds. To place lumpsum orders using mandate:-
Go to the explore funds page in your Kuvera account.
Choose the fund that you want to invest in and click on the “Invest now” button.
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 approved OneClick mandate as payment method and click on “Proceed to Pay”
Click on “Pay Now” and your order will be placed.
Please Note: Exchange (BSE-ICCL) will send a deduction request to your bank to debit your account against this order, please ensure that your bank account is adequately funded before placing this order. Depending on your bank, payment using mandate should reconcile within 2-3 business days.
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