In the digital age, most transactions are carried out online without having to visit the establishment in person. The future is paperless and investment in Mutual funds is catching up with the future. In the recent years, there has been an increasing demand for Mutual funds and with technology entering our households, an online investment option seemed like the most logical way forward.
Investing online in Mutual funds can be done through the Asset Management Company (AMC), Demat account with brokers and independent portals. Each of them have their own account opening process which needs to be completed before you start transacting. This usually includes registering with the website, filling an application form and completing KYC requirement. KYC can be completed by submitting the relevant documents, which includes an address and identity proof along with a photograph. You need to be physical present for the In Person Verification (IPV) process too. Alternatively, you can opt for e-KYC through any registered agency. You can link your bank account and set-up an ECS with the portal for seamless transfer of funds to and from the mutual fund account.
Online investment in Mutual funds offers the convenience of investing from the comfort of your home / office whenever you want. Online investments are also available for various investment options like lump sum, Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), etc.
Online investments in Mutual Funds