How to Invest in Mutual Funds Online

how to invest in mutual funds online

Still thinking about how to invest in mutual funds online? but let me tell you it is very easy to buy mutual funds online. To start investing in mutual funds online you just need to follow the following easy steps.

 KYC {Know Your Coustmer}

KYC is a process through which a business can understand and identify the client identity. In simple words, it is a way to understand your customer. It is a very important step if you want to invest in mutual funds online. To start the process online KYC you need to have the following things.

• Working internet connection.
• High-quality web camera.
• Self-attested scanned copies of your identity proof and address proof.
• Signature on white paper.

From then you can follow the following steps:

Step1. Enter your verified PAN card in the application form with other personal details like personal mobile number, E-mail address, (UID) Aadhaar card number.

Step2. Upload all the self-attested scanned copies of documents of your identity proof, address proof, and PAN card.

Step 3. Complete the process of IPV[In-person Verification] where a session of live video is recorded through your webcam.

Step 4. Cross verify all of your document and click the submit button.

Thereafter you have to wait for at least 5-10 working days for the processing of your KYC. In this period of time, all of the detail you have mentioned on the online form will have a verification check.
Once your verification process is completed you will receive an E-mail and SMS on your KYC Status.

If the process of KYC gets success full you will receive your 14 digit KYC identification number which can be used for a life time.

Congratulation you have just finished your mutual funds KYC, now you can proceed to invest in mutual funds online.

Still confused about how to invest in mutual funds online?  Don't worry I've got you covered,
Once you have completed you mutual funds KYC you can proceed with your mutual fund's investment journey with various AMC websites, Robo advisors and other online mutual funds investment platforms.

Let's give you a highlight of each of the platforms.

• AMC Websites

AMC websites are an online portal where you can invest in the mutual fund scheme directly. For example, if you want to invest in fund X, you can go to your fund website and buy units of the funds online. It is recommended to choose your investments with due diligence because it will be confusing if you end up investing multiple schemes form a different fund house. Below are some of the best AMC Websites.

1. SBI Mutual Fund.
2. L&T Mutual Fund.
3. Aditya Birla Sun Life Mutual Fund.
4. Reliance Mutual Fund.
5. ICICI Prudential Mutual Fund.
6. HDFC Mutual Fund.

• Robo advisors.

It is a kind digital portal which will give financial planning and mutual fund portfolio manegement with less to minimal human involvement. With the advancement of technology, these type of platforms are reasonable then human advisers and give algorithm driven advice. One who is looking for long term investment should opt for such types of portals.No

Now you must be thinking which is the best robo advisors platform? don't worry I've got you covered. Finpeg is one of the best robo advisors in India.  It is just much more the online transaction platform it offers algo driven investment solution Alpha SIP, lumpsum investment plan, and Monthly income plan.

Learn more about How to Invest in Mutual Funds Online here