How to invest in Mutual Funds?

Mutual Funds have been a common investment choice for a while now. Their simplistic structure and good return prospects can be thanked for the same. Besides, they also help individuals develop a healthy saving routine quickly. Investing in Mutual Funds allows investors to build their wealth strategically. It gives them much-needed financial assistance during emergencies. Moreover, applying for such investments has become relatively simple these days.

You can choose between the online and offline application methods:

Online application

In this digital age, everything is available on the internet. Mutual Funds are no exception. You gain access to numerous online Mutual Fund houses with a few simple clicks. They ask you to complete a few steps:

Step 1: Pick a reliable website

Despite the vast availability of Mutual Fund portals online, it is imperative to pick one wisely. Websites like TradeTron India offer a seamless application process. Be on the lookout for such dependable fund providers to enjoy a hassle-free experience.

Step 2: Select an investment scheme

Mutual Funds come in different types. The website asks you what kind you are interested in. This allows them to pick out the best schemes per your investment requirements. But if you are confused about which to choose, fret not. You could contact a customer care representative to seek information and guidance.

Step 3: Provide your personal information

Now, submit your personal information. This includes the following details:

• Your full name as per your Aadhaar or PAN card.
• Bank Account details
• Valid email address
• Valid phone number
• Date of Birth
• Gender
• Employment status
• Annual remuneration

Step 4: Comply with the KYC guidelines

You should meet the KYC guidelines specified on the website. For this, provide specific documents like:

• PAN card
• Aadhaar number
• Age proof
• Income proof
• Recent passport-sized photographs

The portal could ask you to present other relevant documents too.

Step 5: Receive details

Once the website verifies your documents, it sends you the details via mail. A representative will also get in touch with you to guide you further.

You can also complete these steps on a Mutual Fund Investment app through your smartphone.

Offline application

The offline process involves you selecting either of these:

1. Visit a fund house

Visit the nearest physical branch of any fund house. Look for an advisor to help you pick a suitable Mutual Fund Investment. Once you select one, you will have to follow the same steps but in the offline mode. Fill out your details and complete your KYC by submitting physical copies of the documents.

1. Seek a broker

The second option is to contact a distributor or broker. They either work independently or for a fund house. However, note that they do charge you a specific fee for their services.