A lot of individuals avoid investing in mutual funds as they feel that the process of investments is complex and time-consuming. Gone are the days when you have to spend time filling forms to invest in a mutual fund. The mutual fund investment process has become paperless and hassle-free with the advent of online mutual fund investment platforms. Through this article, we explore the different ways of how to invest in a mutual fund online.
There are several online mutual fund investment platforms available. One can now invest in mutual funds online seamlessly through the different types of online mutual fund platforms available anytime, through a computer or a mobile phone.
Individuals can look to invest in mutual funds online directly through the company website or their mobile app. Individuals can also invest in mutual funds online through a bank or a financial intermediary, such as the SEBI (Securities Exchange Board of India) registered advisor, broker, or distributor’s online mutual fund investment platform. A SEBI registered broker should have obtained AMFI Registration Number (ARN) from the Association of Mutual Funds of India (AMFI).
One can also invest in mutual funds online through their DEMAT (Dematerialized) account either with their stockbroker or through a depository participant. Investors do not necessarily need a DEMAT account to buy a mutual fund.
He/she can follow the steps below to invest in mutual funds online:
Step 1: Start by filling in the name, email, phone number and bank details.
Step 2: Complete the eKYC online using identification details. Alternatively, investors can also complete their KYC compliance procedures at a KRA (KYC Registration Agency) before investing in mutual funds online.
Step 3: Once the KYC is completed, now the investor must select the mutual fund scheme of his choice based on his investment goal, investment tenure, or risk appetite.
Step 4: Next, he can enter the investment amount he plans to invest in mutual funds online
Step 5: Finally, select the mode of investment that is one-time or SIP (Systematic Investment Plan) investment.
These days, investors can also benefit from the customer support options available online to buy, redeem, switch, register, or cancel SIP, STP (Systematic Transfer Plan) and SWP (Systematic Withdrawal Plan).
Disclaimer: The views expressed here in this Article / Video are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The Article / Video has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of the Article / Video should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. None of the Quantum Advisors, Quantum AMC, Quantum Trustee or Quantum Mutual Fund, their Affiliates or Representative shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary losses or damages including lost profits arising in any way on account of any action taken basis the data / information / views provided in the Article / video.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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