Transaction Portal powered by NSE.
Securities and Exchange Board of India (SEBI) has allowed us to use the Exchange infrastructure for facilitating mutual fund transactions for our clients. In order to allow us, Exchange to access our infrastructure, for executing mutual fund transactions, NSE has developed an online platform NMF II. This is an online platform which facilitates subscription, redemption, Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP), Switch and other transactions of mutual fund units under REGULAR plans in non-demat form.
At PrudentFP, Mutual Funds have been available on the NSE- NMF II online platform and once registered, you can place orders for online MF Transactions – Buy / Redeem / Switch directly on your login id and password. Your trusted advisor can also place orders on behalf of you. All orders placed and paid before 3 pm are transacted on the same day. All orders are booked for only REGULAR PLANS under ARN-94509. After the transaction the process is the same. i.e. The RTA processes the same and you get the data feed as usual from CAMS / Karvy/ Franklin/Sundaram.
Why Transactions through NSE-NMF-II
Traditionally, to invest with multiple AMCs, you had to deal with each AMC separately. This means different application forms, separate payments, different client statements and multiple portfolio valuations were needed, which made the process more complex and time consuming. In addition, it was difficult to switch funds from one fund manager to another or between different investment products seamlessly. This paper-based administrative process was highly inefficient and costly.
With a platform, transaction can be placed directly to R&T of all across AMCs as there is no intermediary between them like the third party payment mechanism. Paper-based transaction errors are eliminated with electronic straight-through transactions. With one form, one payment and one statement, NSE-NMF-II simplifies the investment process with online administration and transaction, efficient operational infrastructure and powerful IT tools that result in enormous cost savings and efficiency.
The features available on NSE NMF II platform are:-
- Multiple transactions through single cheque or single fund transfer.
- Multiple modes to make payment i.e. cheque, net banking, RTGS/NEFT.
- Demat as well as non demat transactions facilitated through the platform.
- Access to investor KYC through the platform.
- Real time tracking of order status.
- SMS / email intimation to the investors.
- Mail reports from RTA, facilitated on platform.
- Easy of Purchase/Redemption/Switch/SIP/SWP/STP available on the platform.
- Supports non- financial transactions.
- More details about this facility
The idea behind creating this transaction portal is to make you feel more personal about your investment. It's entirely your own investment, your own dream and you should be given the complete power to manage it. Though we are giving you full control over your investment, we are there to help, assist and advice you like always.
There are basically two ways of carrying out transaction in this portal, you can either call us or use your own account for transaction (your username and password will be created on request).
DISCLAIMER – This transaction portal is created by NSE (National Stock Exchange). PrudentFP doesn't hold any responsibility if your transaction fails, though it is very unlikely to happen. In case, if you are not sure about using it, you can always contact us for further help.