Refer & Earn: Invite Your Friends to Invest via MySIPonline & Earn Cash
It has been rightly said, “Good deeds never go unrewarded.” And, keeping the same saying in mind, we, at MySIPonline, have come up with this exciting mission where you can involve your friends to experience the joy of investing in rewarding equity and hybrid mutual funds.
Now, without any further ado, let’s directly jump on to comprehending what this refer and earn program is all about. Further, you will find the detailed instructional steps to refer and earn.
Refer & Earn: Your Reward Cash Awaits You
It’s a simple mission where you can assist your friends in initiating their first step towards financial security and make money for yourself too. “All you need to do is invest your efforts as everything is possible with it.” Just access your account via our website or simply download our application that is compatible with Android and iOS devices. Start with the phone book/Google contacts. Then, move to social media platforms including Google+, Facebook, and WhatsApp to help your friends find better online investment services in mutual funds. To send referral invites, you just need to know their mobile numbers and email addresses.
Step-by-Step Instructions on How it Works
It is ridiculously simple and transparent process to refer and earn at MySIPonline.
- Just click on the refer and earn icon on the home page. Log in to your account via your user ID and password. Start adding the contact details which include mobile no. and email ID (optional) of your friends.
- As soon as you click add, the referral link is automatically shared with your respective friends.
- Now after you share your referral link with friends, and ask them to invest at least Rs. 2000 in SIP in any equity/ hybrid mutual funds. You can invest in Large Cap Funds, Small & Mid Cap Funds, Diversified Funds, ELSS Funds, Sector Funds, Index Funds, and Balanced Funds.
- Wait till your friend(s) make investments, and for every activated investor’s account, earn 50 points each. These points can be converted into cash as soon as it becomes greater than or equal to 200.
- Irrespective of the amount, the total credited reward points will remain 50 on one PAN. For example, if the referred person invests Rs.8000 in four or more equity schemes, then the referrer is not eligible to get Rs. 200, he shall receive 50 points only.
- Several stages may occur while you progress in the referring process. To know in detail click the view referral points icon present on the dashboard. You will find a table there with four different columns stating:
Pending Points: Points that still require successful registration and activation from the referred person.
Earned Points: Points that you've earned with each successful reference.
Redeemable Points: Points >=200 that can be converted into cash.
Redeemed Points: Points that you have already redeemed via Paytm.
- You can also check the investment status of your friends in the view referrals table right below the referral points. Here, the condition can be any one of the following:
In-process: Registration has been made, your friend is yet to invest with us.
Active: Points that you have earned with each successful reference.
Pending: Your friend is yet to register with us.
Redeemed: Points >= 200 that you have converted into cash.
- Earn points for as many referrals as you do, and convert them to money in your Paytm account.
Note: You can only redeem Rs. 200 at a time, i.e., after every four successful references. If the value of your redeemed points crosses 200, say it becomes 450, then 250 points will be redeemed in the next turn; where the another 200 will be cashed at a time and the remaining 50 will be made to avail once you make three more successful referrals.
Terms and Conditions:
- You (the referrer) must be an investor at MySIPonline.
- Only the investments made in equity/ hybrid funds by the referred person will be counted for the award points.
- The SIP amount equivalent to Rs. 2000 with a minimum tenure of 3 years is eligible for the points.
- SIP amount can be divided into multiples of 1000, i.e., a referred person can invest in two different schemes by dividing Rs 2000 as Rs1000-Rs1000 each. But the transaction must be done at one time only.
- Lumpsum investments will not be considered for the reward points.
- One PAN is eligible to provide maximum 50 points.
- You can refer unlimited friends.
Planning to make your first move? Stop wasting any more time as in the process you are thinking, people out there are making money by merely inviting their friends. So, don’t lose the opportunity, hurry up and make the most of it! Are you an already existing investor at MySIPonline? Click here to begin with this refer & earn program!
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