Interbank Mobile Payments Service (IMPS) Facility

IMPS allow you to invest with us, 24*7 via mobile phone. You can now invest in our select schemes by placing a subscription request at your convenience. This facility can be availed by our Existing Unitholder(s) (being Resident Individuals) without having to carry out additional registrations with Aditya Birla Sun Life Mutual Fund (ABSLMF).

IMPS is a platform provided by National Payments Corporation of India (NPCI). IMPS allows existing unitholders to use mobile technology/instruments as a channel for accessing their bank accounts and initiating interbank fund transaction in a convenient and secure manner. (Unitholder may refer to www.npci.org.in for further details on IMPS platform).

• Unitholder needs to register himself/herself for Mobile Banking with his/her Bank

• The bank issues a unique MMID (Mobile Money Identifier) which is a combination of his / her bank account and bank code and also issues an M-PIN, a secret password.

• Unitholder can now perform transaction using mobile banking application or SMS / USSD facility as provided by his/her Bank. For example: If unitholder wants to invest Rs. 5000 in ABSL Cash Manager using the mobile application, he/she needs to follow the following steps - In the mobile application; provide the

  • MMID of the scheme i.e. Cash Manager (ABSLMF currently provides it for 15 schemes)

  • His / Her Aditya Birla Sun life Mutual Fund Folio No. (in lieu of the beneficiary mobile number no in the mobile application)

  • MMID of the Scheme (ABSLMF currently provides MMID for 15 schemes)

• Amount to Invest/transfer

• MPIN issued by the bank remitting bank validates the details and debits the account of the Unitholder. It passes on the information to the beneficiary party (ABSLMF) via NPCI.

• ABSLMF/AMC shall, after validating the details, credit the folio/scheme account with the appropriate units and shall also provide an SMS/email confirmation to the Unitholder informing of the allotment

Unitholder should ensure that the Mobile number registered with Bank for IMPS facility is the same as mobile number registered with Aditya Birla Sun Life Mutual Fund for the folio.

Unitholder can easily locate the MMID number of the scheme by sending SMS MMID to 56767105.
The updated list of the schemes enabled for IMPS subscriptions and their MMID are as stated below:

**For Investment instruction received through IMPS, units will be allotted in Physical Mode under Plan / Option / Facility as indicated in table above for the respective Scheme

Further, Before initiating a subscription/investment transaction via IMPS settlement, existing unitholders shall be deemed to agree and confirm to have read, understood and accepted terms and conditions for availing the facility for subscription to schemes of Aditya Birla Sun Life Mutual Fund. To read these Terms and Conditions.