Three reasons:

1. When you begin, we need to verify that the bank account you are making investments from belongs to you.

2. When you invest, we need to make automatic transfers using Netbanking or your mandate as per your instructions to Clearfunds.

3. When you sell, we need to get the Mutual Fund Company to transfer the money directly back to you.

Remember, your funds are transferred from your bank account directly to the Mutual Fund Company and back. Clearfunds does not hold your money at any time.