Thursday, 26 May 2011

Online Investing in Mutual Funds

Mutual funds are good investment instruments and less volatile than shares and controlled by experienced fund managers. You can invest in mutual funds both online and offline. But online transactions are convenient and less paper work. You can purchase or redeem mutual funds online whenever you required doing so. Through online transactions, you can avoid transaction cost also. Mutual funds are allowed to buy online through Systematic investment Plan also. SEBI has banned the entry load on mutual funds and a lot of Mutual fund agents stopped dealing Mutual funds and investors are turned to online investments which are convenient and time saving.

You can invest in mutual funds and can make transactions through your demat account also. But the online brokers will charge a small transaction charge from you.

Advantages of online investing in Mutual funds

Through online investing in mutual funds you can avoid repeated paper work in each transaction. With a few mouse clicks you can do all transactions including buying, selling, switching over, and increase or reduce SIP amount etc. Within a single platform you can evaluate your investments; you can keep your port folio and can get help from experienced researches etc.

Methods of investing in Mutual funds online.

You can invest in mutual funds online in many ways. Some important methods are given below.

Some websites offer free online investing services and you can register with those sites and can make transactions in mutual funds with your online bank account or debit card. www.fundsupermart.co.in and  www.fundsindia.com are such  websites.

Online Share Brokers like Karvy, Reliance Money etc. also will help you to invest in mutual funds online. You have to register with them with necessary documents.

You can make transactions through individual mutual fund websites and you should fill up offline application form for the first time and afterwards you can make online transactions with your folio number.

If you already have a folio number you can login with your folio number, PAN (Permanent Account Number) and Bank Account Number and email ID. If your email ID is not registered with them follows the instructions to register your email ID.

If you are not completed your KYC do it for making any transaction in mutual funds. We wish you progressive and convenient online mutual fund investments.

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2 comments :

  1. [...] time. There may be inflation and Deflation. There may be a time you get … Continue reading ? Online Investing in Mutual Funds Mutual funds are good investment instruments and less volatile than shares and controlled by [...]

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  2. [...] time. There may be inflation and Deflation. There may be a time you get … Continue reading ? Online Investing in Mutual Funds Mutual funds are good investment instruments and less volatile than shares and controlled by [...]

    ReplyDelete