This post was most recently updated on January 13th, 2018
Investing in Financial Schemes
We often listen, people talking about Mutual fund to earn. But how can we invest in Mutual fund? Remain apprehensive on the subject or say they are unaware of how they can invest in Mutual fund. It is curious to know the process of investing. We may have tried Google by typing sentences like “Buy mutual fund” and “how to invest in mutual fund” or “Mutual Fund Me Investments kaise kare”, etc. The goal of this blog is to encourage people to earn money, we have to periodically talk about the subjects that are directly or indirectly to the earning of human beings today, in this category of earning tips we will try to learn about the investment process of Mutual Funds. So let’s first try to find out what documents you may need to buy Mutual Funds as an investor.
- Bank Account
- PAN Card
- Other supporting documents – Aadhaar card, Voter Id, etc.
The bank Account must be in the name of the investor with details of MICR and IFSC code, although all these details mentioned in every cheque. At the time of investment, the agent of the mutual Fund or by distributor Demand for cancelled cheque from the investor.
Now the next step is to get done your KYC
KYC means know your customer, it’s an easy task with some documentations related to customer identity. The person wishing to invest in the Mutual fund requires KYC to be issued by the KYC registration Agency. Before investing in any fund it is inevitable, as the rules have been mandated in accordance with the Securities and Exchange Board of India (SEBI) by the Prevention of Money Laundering Act 2002.
KYC process is conducive to investors and the various middleman regulated by the Indian Securities and Exchange Board in security market such as Mutual Fund, portfolio manager, depository Participant, stock brokers, venture capital funds, collective investment. And this is a onetime process for most of your future investments.
Documents required with KYC
- Latest passport size photo
- Photo ID (PAN Card, Aadhaar card, Voter ID, Passport, Driving Licence, etc.)
- Address proof (Aadhaar card, Voter ID, Driving Licence, Passport, Electric bill, Bank statement, etc.)
KYC may take a few days to continue after submitting the above documents; in the meantime, the person willing to invest in the Mutual fund can determine its status with the help of the following website.
Now, when the person who wants to buy Mutual fund gets KYC, he can invest money in Mutual fund and other schemes connected to the security market.
Let’s know the process to invest in Mutual Fund
After getting done KYC, there are two ways to invest – offline and online. But before investing, the investor will have to fully research what Asset management is doing under the scheme of what it means. For that, the investor’s aim behind investing various points like types of Mutual Funds, purpose of the fund, previous performance, but last performance does not claim that it will perform exactly the same fund as it did earlier.
How to Invest Offline:
Before starting the process of investing online in Mutual fund you should have get done your KYC, you will not be able to invest in Mutual fund if you don’t have KYC. Now, to buy online Mutual fund, we need go to the Asset Management companies’ website. Asphodel Some companies ‘ websites are as follows:
Investors can invest by following the instructions given on the websites and creating their account, the investor may register on the website by creating user ID and password. After successful registration investor needs to select the fund in which he wants to invest, the type of investment, etc. If the person who invests in Mutual fund has any inconvenience, can reach the official phone number of the asset management company or can get help by calling the customer care number.
How to Invest Offline:
The financial intermediaries /finance arbitration, regulated by the Securities and Exchange Board of India, requires any investor to invest offline in Mutual funds. These intermediaries regulated by SEBI are also called Mutual Fund’s distributors.
Investors can also directly invest by going to the office of asset management companies such as MUTUAL Asset management, Birla Sun Life Asset Management, Reliance Group, TATA group etc. As far as the Mutual fund Distributors – It can be any individual, a bank, a company or any other financial establishment where the investor can invest in all formalities in Mutual fund offline.
Note : You can search more websites related to Mutual Funds on Google or from any other sources.