The Mandate is an authorization given by the client to enable auto-debit from his/her bank account. Every SIP needs to be linked to a mandate for auto-debit of installment.
Multiple SIPs can be registered with a Single mandate.
Note : All auto-debits will be towards BSE (Bombay Stock Exchange), as they are our transactions partner.
When a SIP is registered by an advisor/client, one mandate is automatically generated. If required, the advisor can also generate new mandates for the client.
There are two types of Mandates
a) E-mandate : Netbanking / Debit Card
b) Paper Mandate
The E-mandate(Netbanking/debit card) can be registered up to 1Cr as the mandate amount.