How to invest in Mutual Fund

How to invest in Mutual Fund?

Once you have selected the mutual fund to invest with, there are 2 ways of subscription/ making purchase in Mutual Funds which are as follows:

  1. Invest Offline (through filling up physical application form)
  2. Invest Online (using internet and netbanking)

Steps to invest in mutual funds (offline)

Again there are two options for investing

  1. Direct
  2. Through Mutual Fund Advisor

Direct Investing

You need to perform following steps-

  • Step 1 : Arrange for application form and KYC form (if KYC is not completed) from website or any branch of Mutual Fund Office or their points of acceptance like the registrar.
  • Step 2 : Fill the application form by providing necessary information such as name/s of unit holders, address, PAN details, contact numbers, email address, nominee's name, scheme name, plan, etc. in specified columns. The email id and mobile number is generally used by the mutual fund for further communication and can also be used to register for online transaction services. Unit holders need to sign at required space provided in the form.
  • Step 3 : Attach copies of relevant documents like KYC form or KYC proof and submit them along with a cheque or demand draft of the desired investment amount.
  • Step 4 : Submit application form /KYC form (if applicable), with the cheque and all relevant documents, to any branch of Mutual Fund or point of acceptance.
  • Step 5 : Mutual Fund will process your application, if all the formalities are complete, and then allocate a folio number for the investment.
  • Step 6 : You will be communicated on your mobile and/or on email about processing of your application.
  • Step 7 : Mutual Fund will also send an Account Statement either physically or through email, after the transaction is processed.

Investing through a Mutual Fund Advisor / Empanelled Distributor

You need to perform following steps-

  • Step 1 : Contact a Mutual Fund Advisor / Empanelled Distributor
  • Step 2 : Procure an application form and KYC form (if KYC is not completed) from website or any branch of Mutual Fund Office or their points of acceptance like the registrar.
  • Step 3 : Fill the application form by providing necessary information such as name/s of unit holders, address, PAN details, contact numbers, email address, nominee's name, scheme name, plan, etc. in specified columns. The email id and mobile number is generally used by the mutual fund for further communication and can also be used to register for online transaction services. Unit holders need to sign at required space provided in the form.
  • Step 4 : Attach copies of relevant documents like KYC form or KYC proof and submit them along with a cheque or demand draft of the desired investment amount.
  • Step 5 : Submit application form /KYC form (if applicable), with the cheque and all relevant documents, to any branch of Mutual Fund or point of acceptance.
  • Step 6 : Mutual Fund will process your application, if all the formalities are complete, and then allocate a folio number for the investment.
  • Step 7 : You will be communicated on your mobile and/or on email about processing of your application.
  • Step 8 : Mutual Fund will also send an Account Statement either physically or through email, after the transaction is processed.

Invest Online (using internet and netbanking)

Investing online is a swift, convenient and efficient tool which helps you carry out your transactions quickly and also manage your investments online. Online portal of mutual fund not only let you invest but it is also possible with it to switch your investments from one scheme to another or redeem your investments on any business day. Most of the mutual funds give the facility of their online portals. Some of them also offer you the facility of "online chat" where you can chat with their expert online who will answer your queries and assist you to ensure that your online investment process is convenient for you.

If you like to invest online, you have to make sure that the Mutual Fund provides an online portal for the same. You can invest online only with those mutual fund houses who provide you the facility of online investing. Then you need to perform following steps-

  • Step 1 : First you must have completed your KYC process before investing online.
  • Step 2 : Go to Mutual Fund's online portal and register your email address and mobile number. Then generate your username and password, before you start investing online.
  • Step 3 : Fill up the application form online by furnishing necessary information such as scheme name, plan, name/s of unit holders, address, PAN details, contact numbers, email address, nominee's name, etc. in specified columns. The email id and mobile number is generally used by the mutual fund for further communication.
  • Step 4 : After that you will be asked to fill up the amount of investment and you will be routed to netbanking portal of your bank for making online investment of said amount.
  • Step 5 : After all the above formalities are completed without any error, you will be allotted a transaction number of your purchase transaction. You will also receive a communication of your transaction on your email id and mobile.
  • Step 6 : You will receive the statement of account on your email or in physical format in a couple of days usually 2 to 4 working days.

Can a person invest in cash with a Mutual Fund?

Yes, a person can invest in cash maximum up to INR 50,000 per mutual fund, per financial year with mutual funds. Point to note here is that any repayment (redemption/dividend/swp/awoca) will be made through banking route only, even if a person has invested in cash.

Upcoming Bank Holidays

2017 February 24 is a bank holiday in Chandigarh due to Mahashivratri.
2017 February 27 is a bank holiday in Sikkim due to Losar.
2017 March 03 is a bank holiday in Mizoram due to Chapchar Kut.
2017 March 12 is a bank holiday in Jammu And Kashmir due to Holi (Jammu Province Only).

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