Key aspects associated with the buying of Mutual Funds online

Technology is the biggest boon to mankind today providing security and safety to all online transactions. Online investments offer you the comfort of completing your transactions from the comfort of your home, office and even while on-the-move.

Most Asset Management companies (AMC) have their own Fund Houses which provide the facility of online investment to investors.

The process of buying Mutual funds online is a simple one which starts with a registration process with the fund house. You could register with independent Mutual Fund portals as well noteworthy amongst which is ‘Fundsindia.com’, ‘Fundsupermart.co.in’ and ‘Scripbox.com’. These portals have an alliance with all the leading banks and allow for absolutely smooth online payments. Independent portals give you the freedom of monitoring all your mutual fund investments under one roof. This is not possible with a Fund House.

You can also approach credible online Brokers – these individuals are often associated as share brokers with reputed firms like Kotak Securities, Indiainfoline, HDFC and others but they are a costly affair.

On the flip side, a Mutual Fund portal offers services free of cost though you have to be careful as you will not be allowed to buy direct plans of mutual funds. This is a spoke in the wheel for investors wanting to enjoy good returns.

Investors can buy mutual funds online with ease through a simple and user-friendly process via the websites of Mutual Fund companies. The process is almost paper-free, and if you do possess a folio number, you can make direct investments on the website.

• Visit the website of the said Fund House or the Bank you have an account with.
• Download the e-registration form and fill in the requisite details.
• Provide all details on the ‘Know Your Client’ (KYC) form – residential address, contact numbers and other personal details. If you are already KYC compliant, ignore this step.
• An attested copy of your PAN card, electricity bill/passport copy & the savings bank account statement.
• Apply for a personal identification number (PIN).

Fund Houses like Quantum and Franklin Templeton do not ask you for personal submission of your details. Once you complete the online formalities, you can start buying mutual funds. Brokers:

The buying of Mutual Funds online can also be done with the help of Brokers who networks with the BSE or NSE mutual funds platforms. The process is almost similar with the Broker guiding you with the entire process prior to your investment activity.

Independent Portals: Offer the most comfort as the entire process is extremely simple. If you are already KYC compliant, you can start buying Mutual funds in a matter of minutes. The registration process involves sharing your bank details, PAN card details and uploading your photograph and a cancelled cheque as well. You are now ready to start investing in mutual funds.

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