Kathmandu, July 5
Investors of the Systematic Investment Plan (SIP) of NMB Capital Limited can
now make their investment payments in the SIP as per their initial setup.
According to the agreement between NMB Capital and Nepal Clearing House Limited
(NCHL) - a company that provides various technology-based payment-related
services, the unit owners of NMB Capital can make their investment in the plan automatically
at the desired intervals like a month or a quarter after filling an online
e-mandate.
A certain amount can be invested monthly or quarterly according to the
open-ended plan under NMB Capital's SIP, the company informed in a statement on
Wednesday.
The plan can be designed in a way it could help in developing the habit of
investing, even small amounts of money can be invested in such a way as to get
the benefit of compounding returns.
As the investors can increase or decrease the investment amount and time
period at their wish, the number of people investing in SIP has been increasing
significantly.
According to the company, it is also expected that the customer will be
freed from the hassle of being reminded of the payment time and again.
Under the retail payment switch operated by NCHL, any type of transaction
can be automated through the Direct Debit Payment instrument on the basis of a one-time
setup.
Published in The Rising Nepal daily on 6 July 2023.
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