Mutual fund SIP payment using Amazon pay

[Mohit123garg]

As per recent interaction with the Amazon team, they said Mutual fund payment is not allowed via Amazon pay balance but as per my understanding only loan instruments are not allowed as per SEBI guidelines for making SIP payments.

Please share your thoughts on this

 

[TaxWiser]

As per recent interaction with the Amazon team, they said Mutual fund payment is not allowed via Amazon pay balance but as per my understanding only loan instruments are not allowed as per SEBI guidelines for making SIP payments.

Please share your thoughts on this

A credit card can be used to load balance in an Amazon Pay Wallet. However, using this balance for investments is prohibited, thereby ensuring compliance with SEBI guidelines.