Dear Investors,
Over the past year, we’ve been focused on making investing simpler, more flexible, and better aligned with your needs. The launch of Mutual Funds on Dhan was a key step in this journey, allowing us to offer a comprehensive investing experience that empowers you to build long-term wealth via Mutual Funds along with Stocks & ETFs.
We’ve been carefully listening to all your feedback and working hard to enhance the product to meet your expectations. Along the way, we’ve introduced some key features like Weekly SIPs, giving you greater control over how and when you invest, and Tracking External Mutual Fund Portfolios, allowing you to view and manage all your investments in one place.
Today, we’re excited to roll out UPI AutoPay for Mutual Funds, making the payment experience for your Mutual Fund investments even more seamless and hassle-free.
What is UPI AutoPay for Mutual Funds?
In simple terms, UPI AutoPay allows you to automate your Mutual Fund SIP payments using UPI. Once set up, your SIP payments will be made automatically and on time, every time. No more missed installments, helping you stay disciplined and on track with your financial goals.
How Does UPI AutoPay Work?
With UPI mandates, you can automate your SIP payments, but there are a few conditions to keep in mind:
- For most major banks: SIPs up to ₹1 lakh can be automated with UPI AutoPay.
- For other banks: Only if the SIP amount is ₹15,000 or less, you can set up UPI AutoPay.
What If UPI AutoPay Isn’t Supported by My Bank?
If your bank doesn’t support UPI mandates, your investment will still go through successfully. Later, you can still set up AutoPay using net banking or a debit card. This way, you can ensure your investments remain uninterrupted. All the above checks will be handled at our end. 
Going forward, all new SIPs in Mutual Funds via Dhan that meet the above criteria will have UPI AutoPay enabled automatically during setup. This means you won’t have to worry about setting it up manually. Each SIP will have its own mandate, making it easier to manage and track your investments.
What About Existing SIPs?
For those of you already using AutoPay for Mutual Funds on Dhan, nothing will change and you will continue with your existing AutoPay setup.
If you’re still manually paying for your SIPs, you can enable AutoPay by following these steps:
- Go to the SIP tab > Manage SIPs section.
- Tap on ‘Start’ for the SIP you want to automate.
- Select the bank account & your UPI app where you will be redirected to approve the mandate.
- A reverse penny drop process will be initiated where ₹1 will be debited from your account and will be reversed shortly.
- Once done successfully, your mandate will be set up!
If your bank account doesn’t meet the requirements for UPI AutoPay, you’ll be redirected to e-NACH AutoPay on trying to set up your SIP.
In this case, please have your Net Banking or Debit Card details ready for the setup. Approval for the e-NACH mandate may take up to 48 hours. Once approved, all SIPs on manual payments will automatically link to the e-NACH mandate.
Here’s a detailed video on how to setup UPI Autopay for Mutual Funds 
Going forward, future installments will be autopaid, and you can manage everything conveniently from the same section of Manage SIPs.
Stay Invested in Mutual Funds via SIPs
Investing in Mutual Funds is all about consistency, and with UPI AutoPay, we’ve made that process simpler than ever. The seamless setup and quick authentication ensure that you never miss an installment, keeping you on track with your long-term financial goals.
We’re committed to continuously enhance your investing experience, and UPI AutoPay is just one of the many steps in that direction. We look forward to making your journey with Dhan even smoother in the coming times.
Best Regards,
Radhika