How to invest in Mutual Funds Online
We have taken an example of the Corpus formed by investing Rs 20000 per month for 40 years and a comparision of the returns at 10% to 20%. You can see that at 12% he will get 23 crores and at 20% he will get 340 crores or at 18% he will get 171 crores. This is only possible with active involvement and switiching funds yearly to get the best results contact us so we can show you the right path to be FINANCIALLY FREE these are some simple examples of How to invest in Mutual Funds Online
Investing in mutual funds is online in India and it has been simplified now. Here’s a step-by-step guide:
1. Prepare Necessary Documents before you plan to get registered.
- PAN Card: You need a softcopy of your PAN card ready. It has to be linked to your ADHAR card.
- Aadhaar Card: Most Indian have an ADHAR card. Keep a copy ready uploaded on your computer.
- Bank Account Details: Your bank Details like account number, IFSC code, and a canceled cheque. also uploaded on your computer
- Email ID and Mobile Number: Registered with your bank account and with Aadhaar.
2. Complete Your KYC
- Visit the SEBI Registered KRA website or use platforms like CAMS, KFintech, or mutual fund apps/wealthy.
- Submit details such as PAN, Aadhaar, and address proof.
- Complete in-person verification (IPV), which is often available online via video calls.
3. Choose an Investment Platform
You can invest via:
- AMC Websites: Visit the mutual fund house’s official website, such as HDFC MF, ICICI Prudential, or SBI Mutual Fund.
- Online Platforms: Use apps/websites like Wealthy, Groww, Zerodha Coin, ET Money, Kuvera, or Paytm Money.
- Banks: Many banks offer mutual fund investment services through their online portals.
- Robo-Advisors: Platforms like Scripbox or MyCAMS provide tailored investment options.
If you are investing for the First time or a New Invester, my advice is talk to a good advisor near you or if you want help contact our team. We work on long term porfolio above 10 years, with an aim to build a retirement corpus of above 100 crores.
4. Select the Type of Investment
- Lump Sum: Invest a single amount upfront. If you have funds present invest to get better returns.
- SIP (Systematic Investment Plan): Invest a fixed amount periodically (monthly, quarterly) this is very good if you want to start slowly and do not have a huge sum to invest. Invest starts from Rs 500 and many people invest upto 1,00,000 per month
The biggest mistake New investors make is go to Google and taking the advice online start investing. Please do not do that, the information online may be 2 days old or 2 months old and the market may have changed from bear to bull or vice versa. Do your own research or talk to a good advisor who has experience in the field of Stock Market and Mutual funds. People have lost heavily by such mistakes and you cannot correct it before 1 years as there is a Tax involvement on your withdrawal.
5. Choose a Mutual Fund Scheme
This is the tougest work as if you get only 12% or below it is bad judgement and people will laugh at you. The benchmark is 15 to 16% and you should get atleast double of that in this bull market going on for last 2 years to know more connect with our team. Your investment decisions will depend on following factors.
- Decide based on your goals (short-term, long-term), risk appetite, and returns expectations.
- Categories include equity, debt, hybrid, index funds, etc.
- Compare schemes using tools like NAV (Net Asset Value), past performance, and expense ratio.
6. Start Investing
- Register on the Wealthy platform you will get advice on which are the latest good performing schemes in each sector and past performanance returns for the same which can help you decide immediately. Complete KYC and add your bank details.
- Choose the mutual fund scheme, investment mode (SIP or lump sum), and amount.
- Complete the payment using net banking, UPI, or other available modes.
7. Track Your Investments
- Use the investment platform or Wealth apps. Complete raw data of your investments can be collected from MyCAMS and KFintech to monitor fund performance.
- Periodically review and rebalance your portfolio based on goals and market conditions. This is the most important thing that people do not go for. Some look at their porfolio every day and get confused as the market goes up and down and so do their emotions. DO NOT DO THAT on the otherside some do not review their porfolio for years on end. REVIEW IT EVERY 6 MONTHS and BALANCE IT EVERY YEAR.
Would you like more specific guidance on selecting funds or using a particular platform? We are just a phone away call us and we will see that your porfolio flies higher and higher to touch your goals.
By Rajiv Mehta
INVESTINSURE GURU
Contact No +91 9222443342
