How Can I Invest in Mutual Funds in India?

How Can I Invest in Mutual Funds in India

An investment in mutual funds can be made both offline and online. The following is the process for investing in a mutual fund scheme:

Step 1: If you are investing through the offline mode, you can visit either an asset management company (AMC) branch, the nearby Karvy/CAMS office or a registered mutual fund distributor/broker. If you want to go via the online mode, you can visit the website of either an AMC (for both direct and regular mutual fund schemes) but the option of funds available to you will be limited. Alternately you can log on to the website of a registered mutual fund distributor such as Paisabazaar and invest in leading mutual funds in India across top fund houses.   

Step 2: After this, you need to complete the KYC (Know Your Customer) formalities as per SEBI guidelines.

Step 3: The next step is completion of In-Person Verification (IPV). IPV can be completed by either by visiting the nearby Karvy/CAMS office etc. or sending documents in paper/applicable digital format to the registered mutual fund intermediary.

Step 4: Select a mutual fund scheme on the basis of your investment time horizon, risk appetite, and other important factors. You can read more about how to select a mutual fund scheme here.

Step 5: Submit the mutual fund application form. This can be done after the completion of the IPV which usually takes 5-7 days. Along the application form, also submit the investment cheque amount. If you wish to invest via a SIP (Systematic Investment Plan), fill and submit the SIP form along with the application.