"Way to Mutual Fund"

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What is Mutual Fund?

  • A Mutual Fund is a pool of money from investors who wish to make money.
  • It invests money in Stocks, Bonds, money market instruments and different types of securities.
  • It is a collection of different investments.
  • It is managed by professional Fund Manager.
  • Mutual Fund is well diversified investment tool.
  • It is a low cost investment option.
  • It may be a tax saving investment vehicle.
So, simply invest in Mutual fund and the fund manager will take care of your investment to grow with handsome return. But keep in mind that Mutual Funds are subject to market risk.




How to start ?

  • You should have one bank account.
  • You should be KYC complaint. (Know Your Customer)
  • You should have PAN (Permanent account Number)
  • You should have Aadhaar Number.

What is KYC ?

It is a way to identify investors. You can check your KYC status online in different website by putting your PAN. One such link is given below for your ready reference.....


If you are not KYC complaint, you apply for it to registrar or transfer agent (like Cams or Karvy) or any Mutual Fund company.


Buying Mutual Fund

There are more than 4000 schemes of mutual fund available in Indian market to buy. So, choosing right fund is simply an uphill task for common investors. We should learn the art of choosing the right fund as per our goal.



Happy Investing !!!
##  Common Investors may collect ebook from the following link for mastering the basics of investment :



### Govt Job Aspirants in Mechanical Engineering (Degree or Diploma) may collect ebook from the following link for cracking Competitive Exams :

 https://pothi.com/pothi/book/ebook-er-pradip-mondal-solved-exam-papers-wbpsc-mechanical-engineering

Comments

  1. Unknown2 December 2017 at 06:34

    If one can started investment in open ended mf in sip for a period of 5 years but want to stop after 2 years of investment, is it possible to stop any time? Is there any penalty involved in such case? Please clarify..

    ReplyDelete
  2. PRADIP6 December 2017 at 00:11

    SIP can be cancelled after six months of investment period without any penalty. In online mode, you can do it online. In offline mode, you have to submit one SIP cancellation form, duly filled in, at the office of respective MF.

    ReplyDelete
  3. Unknown3 March 2018 at 22:26

    Mr. Pradip, to be kyc compliant, I need to visit the KYC service center in person and submit hardcopy of KYC documents?or the process can be completed through online only?

    ReplyDelete
  4. PRADIP4 March 2018 at 00:14

    If u have already applied for SIP in any company, the very company will complete kyc registration. This is one time process only. U can check kyc status in the given link. Once u are registered, u can buy any fund of any company.
    If you apply for SIP online for 1st time, the process will be completed online via Aadhar otp authentication.

    ReplyDelete
    Replies
    1. Unknown4 March 2018 at 00:51

      I wish to be KYC compliant through online only. After that, can I invest in SIP schemes (e.g. SBI) directly through online? Please elaborate the step-wise procedures for a beginner like me purely dependent on online process. Does online KYC service centres charge ?

      Delete
  5. PRADIP4 March 2018 at 01:27

    Suppose u r not kyc complaint. You just go for buying SIP in online mode directly from the very mutual fund company. While investing, u will be guided by the company to be kyc complaint. This will be done immediately after you provide your PAN and Aadhaar and you will be verified by one time password (otp) sent to your mobile number registered with Aadhaar. After that you will be able to complete buying process of SIP.
    Thats all!

    ReplyDelete
  6. Unknown4 March 2018 at 01:47

    Thanks.

    ReplyDelete
  7. PRADIP4 March 2018 at 04:27

    Welcome !!!

    ReplyDelete
  8. Phani Kumar23 June 2020 at 02:22

    Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
    Best stocks,
    La Opala RG,
    GM Breweries,
    IG Petrochemicals,
    CDSL Ltd,

    ReplyDelete
  9. Dariya12 July 2020 at 04:35

    Hey...Great information thanks for sharing such a valuable information
    ICICI Prudential Mutual Fund
    Fund house of ICICI
    DIVIDEND REINVESTMENT
    DIVIDEND PAYOUT
    DIRECT PLAN GROWTH
    DIRECT PLAN DIVIDEND REINVESTMENT

    ReplyDelete
  10. Dariya14 August 2020 at 04:53

    Hey...Great information thanks for sharing such a valuable information. you may also check our blog.
    Shares of NMDC
    NMDC Limited

    ReplyDelete

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