Announcements

To comply with a recent SEBI mandate on the discontinuation of a pool account for Stock and Mutual Fund related transactions, keep the following in mind:

1. While using UPI payment mode for Mutual Fund investments, if you face 'Contact number required' error, try the NetBanking mode or retry after 2 working days.
2. While using NetBanking payment mode for Mutual Fund investments, if you face an ‘Invalid bank account’ error, try with another bank account.
3. Ignore emails or SMS from BSE which have payment links. Payment should be done on the Upstox portal.

What is the SEBI mandate about?
While you can invest in a Mutual Fund from the Upstox platform, the funds for buying Mutual Fund units will be deducted directly from your registered bank account. And on redemption of these units, they will be credited to your registered bank account.

To learn more, refer to our announcement here: SEBI discontinuation of pool account for Mutual Funds - Upstox