Investing for the first time in Mutual Funds (read more on mutual funds) and not sure where to begin?

Do not worry, we have got you covered.

Follow these simple steps to know about investing either through online OR offline mode:

Offline Process:

1. First-time investors need to fill the Know-Your-Customer (KYC) form along with the application form. 

2. Fill the application of the fund house in which you want to invest. The form can be obtained through the fund house website, investor service centre, or the registrar and transfer agent (RTA).  

3. Submit the form along with the necessary cheque at the authorized collection centre or the RTA.  

4. A time-stamped acknowledgment will be given at the time of submission.  

5. You will receive a message on your mobile phone confirming the transaction and the account statement of the transaction on your email id on the next working day.  

Online Process: 

1. First-time investors will have to register on the mutual fund’s website providing details like name, D.O.B, email id, PAN, etc. It will ask if you are KYC compliant or not. If not, an option to do your KYC would appear.  

2. For completing KYC, you will need

> Pan Card (mandatory)

> Proof of Identity

> Proof of Address

> Cancelled cheque/Photo of passbook

> Photograph and Signature

3. Next, you will be required to fill in the nominee details if you wish to appoint a nominee. We advise you to carefully appoint a nominee to avoid unnecessary hassle later for your loved one. 

4. Next step includes filling bank details like IFSC code, account number, and type of account.   

5. Now you have the furnish investment details like SIP or lump sum, direct or regular plan.

6. The final step in the process is payment. You can also choose to autopay for SIPs from your account through net banking.