3 Ways To Buy Mutual Funds Online-vidown

Investing Mutual funds have been a popular option for a number of investors. It involves pooling in the funds of a number of people and gaining access to various high profile stocks, which you would not be able to afford individually. Initially, to invest in a fund you had to approach an agent, who would take you through the various options that have the best chance of good returns. However, over time the process has be.e relatively easy. There are a number of means through which you can select and invest in mutual funds online. Here are some of the ways you can invest online: 1.AMC website Every .pany that offers mutual funds has an online website, through which you can register yourself however, it is not very convenient. It is not possible to .plete the entire process online and a first time investor will have to make a trip to the local branch, in order to .plete the registration. The application form is available online; it must be printed, filled and taken to the organization along with a copy of the PAN card KYC (Know Your Customer) letter and the initial cheque. An application must also be made for a personal identification number (PIN) for future online transactions. Once the registration process is .plete, online investments can be made using the bank account. However, the entire process will have to be repeated in case you want to invest in a different fund. This can be problematic, as you will have to recall a number of different PIN numbers, in addition to physically going to the organization every time you want to make an investment. 2.Broker Platforms Many investors use online accounts to trade stocks, the same account can be used for mutual funds as well. Most brokerages are linked to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). You can log on to the online trading terminal and browse through the various mutual funds available. You can then select the fund you want to invest in and the returns will be credited directly to your demat account. In case this facility is not available, you will have to contact your broker and ask him to activate the same. Thus, you can make your investments online without leaving the .fort of your home. Most brokers provide this service without any additional costs. 3.Independent Portals There are several online portals that cater to people investing in mutual funds. They allow you to trade online with no additional charges. Similar to AMC websites, these .panies require a copy of your of all documents for registration. Once this process is done, you gain access to the various mutual funds for investing. You can also receive information about market trends and which fund is expected to earn profits. This information is collected by financial analysts and is relatively reliable. While selecting a mutual fund, it is important to remember that it is a long term investment. You must do the necessary research, before you capitalize on one specific fund. About the Author: 相关的主题文章: