Auto-sweep excess funds to Mutual Funds

[SlokAks]

Hi everyone,

I know that banks provide auto-sweep option for FDs. I was wondering whether the same is possible for excess amount in savings account to mutual funds.

Is there any way to set up the same? Just wanted to automate this as often I have extra cash sitting in my savings account.

Note: I have some SIPs running which is fine. But for some months my expenses are less, and excess funds remain in my savings account.

 

[Das.N]

Hi everyone,

I know that banks provide auto-sweep option for FDs. I was wondering whether the same is possible for excess amount in savings account to mutual funds.

Is there any way to set up the same? Just wanted to automate this as often I have extra cash sitting in my savings account.

Note: I have some SIPs running which is fine. But for some months my expenses are less, and excess funds remain in my savings account.

There's no system till now for " auto sweep to mutual funds" .
You have to invest your excess funds manually in Lumsump mode to your mutual funds.