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.