Simplest Ways to Buy Mutual Funds Online

Mutual Funds provide excellent opportunity for small investors to build a diversified portfolio by indirectly investing in large variety of stocks. Let us explore the simplest ways to buy Mutual Funds online. Banking has becoming lot easier with the advent of online facilities that facilitate us to do almost everything from our mobile or laptop. All types of financial transactions like making payments for your policies, transferring money, shopping online, making investment etc are carried online. Mutual Funds are also part of the modern day investment strategies and it is extremely simple and convenient to avail Mutual Funds online. You can also avoid being influenced from the unwanted agents.

Today many investors are realizing the great potential of Mutual Funds as a flexible option for Investment. Mutual Funds provide excellent opportunity for small investors to build a diversified portfolio by indirectly investing in large variety of stocks. Let us explore the simplest ways to buy Mutual Funds online:

1. Asset Management Company (AMC) websites: There are a lot of websites which offers Fund Management and easy means for making all mutual funds related transactions. It is easy to buy mutual fund with any of these websites. You need to first go through all the schemes on offer and select the appropriate option. Once you have narrowed down to a single option, simply download the application form and fill in the necessary updates. You will be required to provide a few things along with the form like photocopy of PAN card, initial cheque, KYC form etc. You now need to first get a personal identification number (PIN) that will enable you to make online transactions. With PIN, you can transact online and make all your payments directly through your bank account.

2. Brokers: Brokers are like the agents who trade your funds on your behalf and have a good understanding of making investments. They are directly linked with the BSE and NSE platforms that allow for easy exchange of funds. To start buying mutual funds, you can log in to the one of the broker’s online trading terminal and choose the ideal scheme, which meets your requirements and has the potential to fulfill your objectives. You will be required to have a demat account which is one of the types of bank accounts just like a savings account. The funds which you buy are directly transferred into your demat account. You can choose to buy Mutual Funds at once with lump sum payment or choose SIP (Systematic Investment Plan) which helps you buy more units with each investment. Brokers in return charge a specific percentage of amount invested as brokerage changes.

3. Independent portals: There are many independent portals, which started to appear after 2009 to offer free services to the people looking to buy mutual funds online. You just need to register with them by opening a new account. You need to download the registration form, fill in the details and sign it. You will also need to attach a copy of your PAN card and KYC form and send it back to the service providers. It supports most of the options for making online payments like net banking, credit card, debit card etc. You can easily buy the Mutual Fund of your choice online without any additional cost.


By: Raj V Mehta

The author of this article is a professional writer with a long experience and good knowledge of financial matters. Most of his articles are focused on helping people with the right investments in .

Article Directory: https://www.articledirectoryusa.com

Source: http://www.articledirectoryusa.com/article/category/finance/stocks-mutual-funds/simplest-ways-to-buy-mutual-funds-online/

Article Tags: Buy Mutual Funds Online , Buy Mutual Funds

Submitted On Jun 29, 2016. Viewed 104 times.

blog comments powered by Disqus