How to invest in a mutual fund?

You can invest in a mutual fund:

 

  • through the mutual fund’s official website,

 

  • by visiting the bank that offers it, or

 

  • through online wealth management platforms like Kuvera, 5 paisa, Paytm Money etc.

Investing in Mutual Funds Online (Official Website)

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    Open the AMC’s official website. For example, to invest in a fund by Canara Robeco, open the website https://www.canararobeco.com/

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    In the different sections below the banner, Equity Schemes, Debt Schemes and Hybrid Schemes, look at the funds that might suit your goals

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    Read carefully about the fund you wish to invest in. For example, their risk profile, lock-in period (if any), where is the fund investing, details of the fund manager etc. 

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    Once you have selected the fund, click on ‘Invest Now’

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    Register as a user on their website

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    Do your KYC with the Canara Robeco website

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    Sign in using the credentials (your user ID and Password)

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    Enter the amount you wish to invest every month

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    Enter the date you wish to deduct the amount from your account and invest in mutual funds.

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    Permit the bank for auto deduction using the bank mandate form given on the website

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    The bank mandate might take around a week to give auto-deduct permission

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    Your SIP will be automatically started once the mandate is complete

Investing in Mutual Funds Offline (Bank)

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    If you want to invest in a mutual fund by Canara Robeco, you can visit your nearest Canara Bank branch

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    At the banking counter, ask for a form to invest in a Canara Robeco Mutual Fund

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    Enter details like your name, address, the scheme you want to invest in, the amount you wish to invest every month, and the date you want the amount to be deducted from your account and invested in the mutual fund

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    Submit your KYC documents

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    It is better to have an account at the same bank to process the auto-deduction bank mandate easily

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    If not, you can fill out the mandate form and submit it with the form

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    Once the mandate is completed, your SIP will start

Investing in Mutual Funds using Mobile Applications and Online Wealth Management Applications

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    Install the Kuvera App on your mobile phone

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    You can log in using your Google email address

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    Enter the KYC details 

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    Fill in the bank mandate form for auto-deduction of the SIP amount from your bank to mutual funds

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    Search for mutual funds of your choice from the search bar

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    Select the appropriate fund for your goals and enter your SIP amount and SIP date

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    Now, put the fund in your cart

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    You can either make payment immediately through UPI, netbanking or card payment or make it auto-deducted to start your SIP after 45 days

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    You can track your investments and close or skip your SIP from their mobile app with ease

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    This is one of the easiest ways to invest in different mutual funds and buy different AMCs through a single app

Points to Remember

Points to Remember

Let us quickly recap about mutual funds investment processes

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    You can invest in a mutual fund through SIP or lumpsum

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    Net Asset Value (NAV) of mutual funds is the total market value of the assets that the fund invests in

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    Equity or share investments can give higher returns in the long run. Therefore equity-based mutual funds can be better for your long-term goals

Quiz

This is it on mutual funds. Let us see how much you have learned with this quick quiz:

Sreedevi

CONGRATULATIONS

CONGRATULATIONS! You are all set to start investing in Mutual Funds!

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