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Posted On Sunday, Jan 01, 1950
If lack of a net-banking facility and an untreatable paranoia about online security measures had kept you from using Quantum's paperless Invest Online platform, here's some good news. Quantum Mutual Fund now offers you a new payment option for online transactions, 'Prepaid Cards'.
A Prepaid card is a card that comes filled with a specified amount. You then transact using this card, and your investment amount is deducted from the balance on the card. With a prepaid card your liability (if unfortunately ever) with regards to the usage of this card is only as much as the amount that you have chosen to pre-load it with. Hence, if nightmares of phishing attacks or hacking stories have compelled you to ignore the benefits of investing online, then prepaid cards could be your knight in shining armour.
1. What's in it for you?
Full Value – What you Pay for the card, becomes the amount you can spend on the card.
No hidden cost – Quantum Mutual Fund will not charge you any additional charges to avail of this facility.
Safe and Secure Payment – Limited liability, no linkage to your bank account, no scope for hacking into your savings.
Through these cards you could also induct your children or acquaintances, who are yet to open their own bank account, to the world of investing. We have always maintained that the earlier you start investing, the better it is in the long run.
2. Does it change your online process?
Yes! It adds more convenience, control and security to your online investments with Quantum Mutual Fund. Other than that, your online investment process remains absolutely same. All you need to do is select – Prepaid Card – as your payment choice while investing online. You will then be guided to provide your card number and PIN to confirm your transaction.
The transaction limit for investing via Prepaid cards is Rs.50,000 and all entities which issue pre-paid cards are regulated by RBI, (and has its issuance parameters defined by RBI) ensuring that this medium is truly safe. Our present service provider is iCash Cards. However, we would be looking at adding more service providers to this list shortly.
3. Are you thinking about using this option the next time you invest online?
If you are, then log on to www.iCashCard.in to read more about this option and purchase your own Prepaid card. So now that we have taken out the last little challenge that has kept you away from the simple way to invest online, we look forward to seeing you online soon.
Write back to us with any feedback or query that you may have. We’re always pleased to hear from you.
Have a great week ahead!
Risk Factors: Mutual fund investments are subject to market risks read all scheme related documents carefully.
Please visit – www.QuantumMF.com to read scheme specific risk factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the schemes objective will be achieved and the NAV of the scheme(s) may go up and down depending upon the factors and forces affecting securities market. Investment in mutual fund units involves investment risk such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the sponsor / AMC / Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited. The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.
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