new delhi etmoney the countrys largest integrated personal finance platform rolled out a new set up on tuesday which allows to invest in mutual fund sips systematic investment plans instantly and in paperless manner by using an emandatewith the launch of emandate the comprehensive investment platform brought npcis national payments corporation of indias recurring payment solution to mutual fundsthis comes as a major relief to investors who had to earlier submit a physical form and then wait for up to 28 days for autopayment to be authorised by the bank investors can now set up the payment through emandate in real time by just logging into their net banking accountetmoney has allowed investors with accounts with these 10 banks icici bank axis bank hdfc bank yes bank idfc bank central bank of india kotak indusind punjab national bank and bank of baroda to use their net banking to confirm autopayment and see their sip getting activated almost instantly more banks will get added in the futurethe advantage of this new feature launched by etmoney is not just limited to sips as the app has extended the benefit of this innovation to investors doing onetime lump sum investments as well the mandate once activated allows investors to make instant payments completely skip going to the netbanking experience of typing in user id and passwordetmoney ceo mukesh kalra said we have been providing one tap instant experiences around investing and emandate is an outcome of that focus etmoneys new sip setup through emandate can be completed within a minute with zero paperwork this is the most seamless investing experience in the country today and empowers millions of indian investors to start growing their savings with a tap on their phone