Is an OTM (one-time mandate) mandatory for mutual fund investments through a SIP?

by Ram Kalyan Medury
April 23, 2024

No, it is not compulsory.

However it makes it convenient. You can setup an SIP to auto debit your bank account periodically, or just pay-as-you-go. The three models are:

Auto Debit using eMandate. No need for Net Banking! Register the mandate via email and OTP on your Aadhaar-BankAccount-Phone combo.
Auto Debit using iSIP mandate. Register the iSIP on your Bank’s net banking website.
Just Pay as You Go. Pay via link emailed to you each time.

Check these flexible options on Jama.co.in for a convenient SIP experience.

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