Start ABSL Liquid Fund with 500
Who would like to keep their hard-earned money with only a 2.5% rate of interest (ROI) in SBI and 3% ROI in HDFC/ICICI banks...
This does not even beat the inflation rate which is way higher than any bank saving account interest rate...
So why to keep your money idle in saving bank when you have the safest option to park it in liquid funds.
If you have decided to go for a liquid fund, then below are the steps for getting started with ABSL (Aditya Birla Sun Life) Liquid fund. Start your liquid fund with as low as 500 and invest or add your money whenever you want in the future.
Step 1: Let us start investing in the ABSL Liquid fund in 5 minutes by downloading the app Active Account from the play store of your mobile.
Below is the snapshot of the authorized app from Aditya Birla Sun Life AMC Ltd.
Step 2: After successful download, open the app and allow the access and fill details like your PAN, Date of Birth, and mobile Number.
and Click on Confirm.
Step 3: A one-time registration form will get opened. You should fill it some details like email id, gender, place of birth, occupation, income range, tax status.
Check the checkbox and accept the term and conditions and click Submit.
Step 4: If you wish to add a nominee, fill the details in the below screen when it appears.
Step 5: After this, the registration form will ask you to fill in important details like account number, saving account details like type, IFSC, and branch details will get filled automatically.
Step 6: One screen for payment with a warning will appear.
The warning says that if you redeem the invested amount within 7 days, you will be charged some penalty of up to 0.007%. Click OK.
Also, change the amount from 25000 to 500 or whatever you wish to add right now.
Step 7: Select Mode as Direct and select payment method, UPI, or Net Banking.
You will see your Folio No. and option Growth
Note: If UPI is giving issues, choose Net banking as a payment method.
Step 8: Complete your payment & you will see a message as shown in the below screenshot.
Step 9: Close the app and open again to register and create your login for ABSL as below with mobile number and OTP process also you can enable biometric authentication
Step 10: You can check your profile as in the below screenshot.
In recent transactions/my transactions you can check your payment status.
Note: Your payment will be under pending status and after 2-3 days it will show under completed.
All set now...!
Let me know in the comments section which mutual fund you want me to cover in the next blog.
Special thanks to Mr. Saurabh Gulwelkar for his suggestion on this topic...
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Please let me know what else I can do to help you better with the information in the upcoming blogs.
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