How to invest in mutual funds

Mutual funds are considered the simplest way to invest. Here's a professional management of the money of the investors. Mutual funds can also invest in stocks, bonds, cash or other assets. Investors should select the mutual fund scheme based on their financial goals. These can be invested through a lump sum or a systematic investment plan (SIP).

Investors' trends have increased tremendously over mutual funds. At present, the industry's average asset under management (AAUM) is at Rs 23.96 lakh crore (23.96 trillion), which is the highest level of all-time high. The Indian Mutual Fund Industry's AUM has increased four times in the last 10 years. This has increased from 5.41 trillion on July 31, 2008, to 23.06 trillion by 31 July 2018. The total number of accounts till December 31, 2017, has been 7.55 million (75.5 million).

Assuming the data, mutual funds are investing in the sale-purchase or SIP of mutual funds through the internet. If you are investing in mutual funds in the old way, then know how to invest in online.

Asset Management Company (AMC) Website

Most fund companies offer online transactions in mutual funds. For this, first of all, the scheme has to be downloaded from the website, initial details will be filled with your details, photo copy of PAN Card (Permanent Account Number) and KYC (Know Your Customer) letter will be submitted. You will also have to apply for personal identification number (PIN) for online transactions. Once you are given a folio number with a PIN, you will be able to make all transactions in the folio online through your bank account online. However, if you want to invest in other fund houses, you will have to go through the whole process again. This is the easiest way for investors because this facility is completely free.

Using Brokers

In today's times, big brokers are associated with NSE or BSE Mutual Fund Exchange platform. You must log on to the broker's online trading terminal and log on to the planlist and select the plan of your choice from the list of plans available on the portal. The unit will be deposited directly into your Demat Account. You can do SIP-SIP (Systematic Investment Plan) or one-time investment as per your wish. The fee charged for this is very modest, although it is different according to the broker. For example, if you invest under 8 lakhs through ICICI through SIP, then this fee is 1.5 percent of SIP amount or 30 rupees. In the same amount, if you make a lump sum investment then you will be charged for Rs. 100.

For those who do not have a demat account, if they join with the broker then they are charged different types of charges, such as opening of account, will be charged for Rs 250-750 and annual maintenance charge ranges from 300 to 550 Will be rupees. Many online brokerages allow you to map existing mutual fund investments with your investment account.

Independent portal

There are plenty of independent i.e. independent portal available in the market. These mutual funds offer investors the convenience of buying and selling with no charge. For this, you have to open an account with them, fill out the online form, you will have to print out this pre-field online form, sign it and enter it in your PAN number and a blanket of KYC unauthorization. ) would send. Once this process is done, you will be able to purchase mutual funds from around 41 fund houses.

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