UTI SIP Investments via NSE-MFSS Platform
UTI has planned to launch SIP investments via NSE-MFSS platform. MFSS stands for Mutual Funds service system platform.
The main advantage of such kind of service is that,
Terminals of NSE brokers will be the official point of acceptance and hence the date of acceptance of the transaction will be the date of entering the request on the terminal.
Investors will also have the added advantage of obtaining the same day's NAV (before 3 p.m.) at a large number of outlets in more than 1500 towns and cities, including remote locations.
The investors will also have an advantage of getting their units allotted in demat mode in addition to the existing physical mode as per their choice.
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