{"id":1534,"date":"2024-04-23T12:08:40","date_gmt":"2024-04-23T12:08:40","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=1534"},"modified":"2026-03-02T19:25:08","modified_gmt":"2026-03-02T19:25:08","slug":"is-an-otm-one-time-mandate-mandatory-for-mutual-fund-investments-through-a-sip","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/23\/is-an-otm-one-time-mandate-mandatory-for-mutual-fund-investments-through-a-sip\/","title":{"rendered":"Is an OTM (one-time mandate) mandatory for mutual fund investments through a SIP?"},"content":{"rendered":"\n

No, it is not compulsory.<\/p>\n\n\n\n

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:<\/p>\n\n\n\n

  1. Auto Debit using eMandate. No need for Net Banking! Register the mandate via email and OTP on your Aadhaar-BankAccount-Phone combo.<\/li>
  2. Auto Debit using iSIP mandate. Register the iSIP on your Bank\u2019s net banking website.<\/li>
  3. Just Pay as You Go. Pay via link emailed to you each time.<\/li><\/ol>\n\n\n\n

    Check these flexible options on Jama.co.in<\/a> for a convenient SIP experience.<\/p>\n\n\n\n\n

    \n

    Maxiom Wealth \u2014 Free Tool<\/p>\n

    How Much Will Your SIP Grow to?<\/h3>\n

    Use our free SIP calculator to project your wealth at 5, 10, or 20 years. Small monthly amounts compound into life-changing wealth \u2014 but only if you start early enough.<\/p>\n Try the SIP Calculator \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

    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… Read More »Is an OTM (one-time mandate) mandatory for mutual fund investments through a SIP?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,39],"tags":[],"class_list":["post-1534","post","type-post","status-publish","format-standard","hentry","category-mutual-funds","category-mutual-funds-book"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1534"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1534\/revisions"}],"predecessor-version":[{"id":3461,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1534\/revisions\/3461"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}