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 August 07 is a bank holiday in Daman And Diu due to Raksha Bandhan.
2017 August 14 is a bank holiday in Bihar due to Janmashtami.
2017 August 15 is a bank holiday in Andaman And Nicobar Island due to Independence Day.
2017 August 15 is a bank holiday in Arunachal Pradesh due to Independence Day/Janmashtami.

Search IFSC/MICR/ATM

 

 

 

Financial Calculators

Search Bank By Branch

Bank Interest Rates

ALL INDIA BANKS LIST
A B BANK LIMITED ABN-AMRO Bank N.V ABU DHABI COMMERCIAL BANK AIRTEL PAYMENTS BANK LIMITED
ALLAHABAD BANK American Express Banking Corp ANDHRA BANK Antwerp Diamond Bank NV
AXIS BANK B N P PARIBAS BANDHAN BANK LIMITED BANK OF AMERICA
BANK OF BAHARAIN AND KUWAIT BSC BANK OF BARODA BANK OF CEYLON BANK OF INDIA
BANK OF MAHARASHTRA BANK OF TOKYO MITSUBISHI LIMITED BARCLAYS BANK BHARATIYA MAHILA BANK LIMITED
Calyon Bank CANARA BANK CATHOLIC SYRIAN BANK LIMITED CENTRAL BANK OF INDIA
CHINATRUST COMMERCIAL BANK LIMITED CITI BANK CITY UNION BANK LIMITED CORPORATION BANK
DBS Bank Ltd DCB BANK LIMITED DENA BANK DEUSTCHE BANK
DHANALAKSHMI BANK EQUITAS SMALL FINANCE BANK LIMITED EXPORT IMPORT BANK OF INDIA FEDERAL BANK
HDFC BANK HSBC BANK HSBC BANK OMAN SAOG ICICI BANK LIMITED
IDBI BANK IDFC BANK LIMITED INDIAN BANK INDIAN OVERSEAS BANK
INDUSIND BANK JAMMU AND KASHMIR BANK LIMITED JP MORGAN BANK JSC VTB BANK
KARNATAKA BANK LIMITED KARUR VYSYA BANK KOTAK MAHINDRA BANK LIMITED Krung Thai Bank Public Co. Ltd
LAXMI VILAS BANK MASHREQBANK PSC MIZUHO CORPORATE BANK LIMITED OMAN INTERNATIONAL BANK SAOG
ORIENTAL BANK OF COMMERCE PUNJAB AND SIND BANK PUNJAB NATIONAL BANK RBL Bank Limited
SBM BANK MAURITIUS LIMITED SHINHAN BANK SOCIETE GENERALE SONALI BANK LTD
SOUTH INDIAN BANK STANDARD CHARTERED BANK STATE BANK OF BIKANER AND JAIPUR STATE BANK OF HYDERABAD
STATE BANK OF INDIA STATE BANK OF MYSORE STATE BANK OF PATIALA STATE BANK OF TRAVANCORE
SURYODAY SMALL FINANCE BANK SYNDICATE BANK TAMILNAD MERCANTILE BANK LIMITED THE BANK OF NOVA SCOTIA
THE NAINITAL BANK LIMITED UBS AG UCO Bank Ujjivan Small Finance Bank Limited
UNION BANK OF INDIA UNITED BANK OF INDIA UNITED OVERSEAS BANK LIMITED UTKARSH SMALL FINANCE BANK
VIJAYA BANK Woori Bank YES BANK ZILA SAHAKARI BANK LTD