With the advancement in technology and digitalization, everything is now just a click away! In case of mutual funds investments also, the internet has provided a lot of platforms to help you in understanding the concept of Mutual funds, its pros, and cons. Seeking the help of an Expert Mutual Fund agent proves to be an excellent choice to help you achieve greater returns, but a lot of times that's not always the best option.
A mutual fund agent can help you in setting your portfolio but deciding on how to and where to invest your money in mutual funds to get the highest returns can be a tricky task for him also. The best, safest, and the easiest option to invest your hard-earned money in mutual funds is through online platforms.
We’ve listed down the top ways for Online Mutual Fund Investment that can help you invest your money in best Mutual Fund schemes and get the highest returns!
Fundsindia and Fundsupermart are two of the best independent portals for Mutual Fund Investment. All you have to do is create an account in their portal, get your KYC done, and get access to plenty of mutual funds schemes. These portals provide you the best platform to buy and sell mutual funds online without any extra costs!
If you've had an online trading account of stocks, you can directly invest in a mutual fund scheme through that account. Most of the online trading sites are linked to BSE or NSE Mutual Fund platforms, but if you're unable to do so, you can ask your broker to activate the service for you. Some brokers can provide you the SIP facility while others only work with a one-time Lump Sum investments. Payment procedure also varies from broker to broker. Some of the brokers are not charging any fee from the investors while some of them are taking brokerage.
Every step in the online trading sites is automated, so you really don’t have to leave your house. You can invest in the mutual fund schemes in the comfort of your home!
AMC or Asset Management Company Websites is the cheapest and safest option for mutual fund investment. The companies offer their products to the investors directly with just a click and absolutely free of cost. But for the first-time investor, it is not always the most convenient choice, as you have to physically visit the fund house or collection center to submit the form.
It requires a proper procedure and takes up a lot of time. First, you have to download the application form, fill it, and submit it in the fund house with the preliminary cheque, KYC letter and photocopy of your PAN Card. After you’re done with all the formalities, a Folio number and a PIN will be allocated to you which can be used to make the bank transactions in a particular fund house.
However, if you want to invest in any other fund house, you have to go through the same procedure again except for the KYC part. Also, remembering the long 6-7 digit PIN codes can be problematic.
There are a lot of mobile apps in the market who’re providing Mutual Fund Investment services. The best Mutual Fund App that we absolutely love is CashRich. It provides the most simplest paperless and hassle-free mutual fund investing. The best part about mobile apps, you don't have to pay a single penny, and you can invest money just by sitting on your couch and scrolling through your smartphone! You just have to follow four easy steps!
- Sign Up and create your account
- Enter all important details with the amount of investment and the investment period.
- Get your documents verified and become a KYC compliant in just a few minutes.
- Select from the hand-picked mutual fund schemes and pick one which has shown the best results in the past five years.
And it’s done! Your portfolio is now ready to get good returns from the market. This App also helps in diversifying your portfolio by allowing you to invest in different schemes at a time and provides different payment methods. If you’ve any more queries, do let us know in the comments section below!