AUTO-PAY is one of the payment options (besides Netbanking) when you make a one-time investment through Clearfunds. It allows us to automatically transfer the money from your bank to the Mutual Fund Company under the bank mandate instruction you gave us when you opened your Clearfunds account.
FLEXI-SIP is an virtual automatic investment plan (just like a SIP), which we set up, so that the chosen amount is automatically transferred from your bank account, at fixed intervals and invested. Auto-Invest also uses your bank mandate instructions to help us automatically transfer the money out of your account.
We do not charge you anything for making investments via lump sum method or Flexi SIP.