Motilal Oswal AMC introduces paperless investment platform

Motilal Oswal Asset Management Company (AMC) has announced the launch of a paperless online investment platform for investors already compliant with the Know-Your-Customer norms. The platform aims at making the investment process easier for existing as well as new investors who have already completed the KYC procedures.

“Now investors can avoid the hassles of paperwork such as filling in long application form, signing the form, visiting collection centres and waiting to submit the form or sending the forms via courier services,” said the fund house in a press release.

Investors, after completing the KYC process, can go online register and purchase units from the fund house’s website. Advisors and distributors can guide clients to invest online after the investment plan has been put in place for the investor.

As on December 2013, Motilal Oswal Asset Management manages assets worth Rs 434 crore.