Tuesday, April 29, 2008

I want to invest in Mutual Fund but I dont know to how to invest in Mutual Fund, can you explain the procedure ?

Investing in Mutual fund is very very simple.
1) Decide on the schemes in which you want to invest money.
you can check out www.valueresearchonline.com for top performing funds
2) you can directly download forms from the respective fund houses websites and fill the forms on your own and submit them to the fund house.
3) If you don't want to do the paperwork on your own find any AMFI certified agent near your vicinity, he should do all the paper work for you.
4) Feel free to call us if you need any help in Mumbai

Documents to be Submitted
1) Completed Application form of the respective AMC
2) Cheque in favour of the scheme you want to invest in
3) Copy of Pan card (self Attested)
4) KYC document if the invested amount is more then Rs 50,000

Note :
1) Always write the name of the scheme on the cheque to which you are investing in.
e.g if you want to invest in ELSS scheme called SBI - Magnum Taxgain to save tax
write the cheque in favour of "SBI - Magnum Taxgain"

2) on the Back side of the cheque again you can write following
a) Your Name
b) Application Number
c) Name of the scheme

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