Five Ways To Invest In A Mutual Fund In India
If you are an investor but don't want to park your money in one kind of stocks or another
, you have another option for investing. Yes if you are looking for diversification of your portfolio, you can invest in Mutual Fund. Diversification means you can buy stocks of more than one kind of stocks. Diversification of your portfolio helps in reducing the risk on your investments and also gives better return on your investment.
When you work with mutual funds you can manage them better. There are different ways through which you can buy mutual funds. By having mutual funds you can keep track of them easier. This is because you only have one portfolio to deal with instead of perhaps hundreds of stocks. And if you need money quickly, you can go with mutual funds because they are very liquid.
Looking to invest in Mutual Fund, following are the five ways through which you can invest in Mutual Funds
1. Get in touch with the Asset Management Company
Easiest way to invest in a Mutual Fund is, by getting in touch with the Asset Management Company. Almost all AMC's have their online presence, once you get onto their Web site, you will get their office addresses, phone numbers and a contact e-mail address. Many AMC's nowadays offers online platform for all transactions in Mutual Funds, so you can also opt for hassle free Invest Online platform for transacting in Mutual Funds.
Invest online with the mutual fund
Some mutual fund Web sites allow you to invest online. However, you must check if you have an account with the banks they have partnered with. To increase transactions in Mutual Fund, Mutual Fund companies had tied up with almost all the banks/ all popular banks, to boost go green campaign and to save papers.
Get in touch with the fund house
By going online, you will be able to locate the fund house's address and phone number (toll free number in some cases). You can call and request them to send an agent over.
Or, if you want, go over personally. Do make an appointment; you may end up wasting time if the person you want to speak to is not available.
2. Visit your bank
A number of banks are mutual fund agents.
Just walk into your branch and ask if they are selling any funds. See if they have a tie-up with the fund house you want to invest in.
3. Ask around
Ask your colleagues, neighbors, friends and relatives. Someone will know an agent. Just ask them for his contact details or ask that he get in touch with you.
4. Visit the AMFI website
The Web site of the Association of Mutual Funds in India has a list of mutual fund agents across the country.
Under the heading Investors Zone, you will find another one called ARN Search. This refers to the AMFI Registration Number.
Click on it and you will arrive at a search page. You can locate an agent in your vicinity by just putting in your PIN code or name of your city.
5. Check the online finance portals
Do you have an online trading account? Then you could check if they also sell mutual funds online.
If you do not have an online trading account and are considering opening one, you could look for a player that offers both.
by: vishal
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