August 8, 2022

Insta SIP- The New Age SIP registration process for Mutual Funds

Let’s talk about Insta SIP – The newest trend in town.

The mutual fund industry has been grappling with the same issues – finding a solution to the large delays in SIP registration. Investors may also have difficulty registering their SRN number with the registered bank, which could result in a significant financial loss.

CAMSPay has devised a solution to the issues arisen as a result of the SIP registration procedure being delayed. The first-in-market solution from CAMSPay is to revamp and employ technology and innovation into an aging service.

Now, Mutual funds can easily convert their iSIP to Insta SIP mandate, enjoy T-day settlement, and provide same-day NAV to investors. CAMSPay assists the Mutual Funds business in turning roughly a million iSIPs into E-NACH in full swing, as well as providing the above-mentioned benefits in an incredibly short turnaround time.

Reasons to hang the boots and say goodbye to iSIP

• Excessive Time:  iSIP offers to complete the entire SIP registration process with a time-bound of T+2 days.
• Delayed NAV: iSIP process leads to a delay in NAV creation
• Breakthrough Process: With iSIP, the breakthrough process is tiresome thus causing a huge impact on the mutual fund investors
• Manual Pay Process: The payment process in iSIP is manual. The investors have to initiate a mandate and give their approval every month by registering their SRN number with their registered bank account.
• High Cost: This overall process leads to high costs.
• Upload at each bank-level: In iSIP, the mutual fund AMCs have to upload at each bank level.

So, Why CAMSPay’s Insta SIP?

With the world moving towards great technological updates, CAMSPay’s Insta SIP brings the most needed updates to the ISIP process. The brand has always been ahead of the curve when it comes to scaling up. In a nutshell, investors had a lot of problems with rejected SIPs since they didn’t update their SRN/URN codes. Our newly updated SIP process, on the other hand, streamlines the entire SIP registration process and ensures that third-party verification is completed at the time of registration.

iSIP VS Insta SIP- A Comparison

Why CAMSPay?

CAMSPay is a panoptic platform partnered with the National Payment Corporation of India (NPCI). We ensure to provide a fret-free payment experience. CAMSPay guarantees a worry-free payment experience. We specialize in resolving BFSI’s major payment concerns. Mutual Funds, Insurance Companies, and Non-Banking Finance Companies rely on our brand for sustainability. CAMSPay focuses on payment collection simplification, servicing the investor, borrower, or insurer as quickly as possible while maintaining strict compliance, and providing a solid and secure payments platform. We are also working with large banks to solve a variety of vexing issues in the Fintech sector.

Interested? Visit our CAMSPay website and give in your details, our team will get in touch with you soon

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