Savings and investments lie at the heart of every individual desirous of a comfortable future. Investments in mutual funds have gained immense popularity because of the many benefits they offer. You can make online/offline investments, seek guidance from Individual Financial advisors, Brokerage Houses and even third party distributors.
Following are the various methods for making investments in mutual funds:
Online Investments: You visit the website of the bank (you have an account with) or the website of a Fund House. You will have to register for online transaction services starting with a provision of all your personal details. You are given an ‘F-pin’ and you then proceed to create your user id and a password. Once you complete this you can login and start your investment process. Simple, isn’t it?
Offline Investments: These can be made with the help of Banks, Individual Financial Advisors (registered with the Association of Mutual Funds of India) and Brokerage Houses. Financial experts guide you through the entire gamut of details including the risks involved and the benefits that will accrue to you in the future. They help you with the selection of mutual funds which are likely to yield you the maximum benefits across a long horizon. Some of the important and must-have documents for all offline investments include:
Offline investments begin with the registration process on the website of the said bank you have an account with. You then submit all the above documents along with a cheque of the initial amount of investment. If you decide to make your investments through a broker, you have to follow the same process except for the online registration as the broker shares all your information / documents with the Mutual Fund Company. Thereafter, you are allotted a folio number for a specific investment.
Mobile Investments: This has become a popular platform because of the high usage of mobiles which have become an indispensable part of our lives. You can e.g. use the platform of ‘m-Easy’ which offers you the convenience of making investments at your convenience.
Systematic Investment Plan (SIP) mutual funds are a convenient method investing in mutual funds. You keep aside a fixed amount every month e.g. Rs 2,500 (the lowest permissible amount) and start investing in mutual funds. These yield attractive benefits depending on the tenure you select.
‘Know Your Customer’ (KYC) – Since January of 2011, SEBI has made it mandatory for all mutual fund investors to be KYC-compliant. This is purely to avoid duplication across intermediaries and make the investment process absolutely simple and easy for investors. The documents required for this are the same as required for online/offline financial transactions.
It’s always wise to learn about investments before taking a head-long plunge into them.
Following are the various methods for making investments in mutual funds:
Online Investments: You visit the website of the bank (you have an account with) or the website of a Fund House. You will have to register for online transaction services starting with a provision of all your personal details. You are given an ‘F-pin’ and you then proceed to create your user id and a password. Once you complete this you can login and start your investment process. Simple, isn’t it?
Offline Investments: These can be made with the help of Banks, Individual Financial Advisors (registered with the Association of Mutual Funds of India) and Brokerage Houses. Financial experts guide you through the entire gamut of details including the risks involved and the benefits that will accrue to you in the future. They help you with the selection of mutual funds which are likely to yield you the maximum benefits across a long horizon. Some of the important and must-have documents for all offline investments include:
- Details of your bank account
- Proof of your residential address
- PAN Card
- KYC compliance
- Photographs
Offline investments begin with the registration process on the website of the said bank you have an account with. You then submit all the above documents along with a cheque of the initial amount of investment. If you decide to make your investments through a broker, you have to follow the same process except for the online registration as the broker shares all your information / documents with the Mutual Fund Company. Thereafter, you are allotted a folio number for a specific investment.
Mobile Investments: This has become a popular platform because of the high usage of mobiles which have become an indispensable part of our lives. You can e.g. use the platform of ‘m-Easy’ which offers you the convenience of making investments at your convenience.
Systematic Investment Plan (SIP) mutual funds are a convenient method investing in mutual funds. You keep aside a fixed amount every month e.g. Rs 2,500 (the lowest permissible amount) and start investing in mutual funds. These yield attractive benefits depending on the tenure you select.
‘Know Your Customer’ (KYC) – Since January of 2011, SEBI has made it mandatory for all mutual fund investors to be KYC-compliant. This is purely to avoid duplication across intermediaries and make the investment process absolutely simple and easy for investors. The documents required for this are the same as required for online/offline financial transactions.
It’s always wise to learn about investments before taking a head-long plunge into them.