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While investors are often advised to invest in mutual funds (MFs), there is little information available on the whys and hows of investing.


Here, we list out the benefits MFs offer and also deal with the ABCs of 'how to invest'.


Professional expertise:


Investing in the markets needs professional expertise, something that not many retail investors possess. Conversely, MFs are run by professional portfolio managers with experience in managing money. Not only is investing their specialization, they have access to analysts and research reports, which make them better equipped to take investment decisions.


Diversification: An MF portfolio holds multiple instruments, thereby offering diversification. For instance, in an equity scheme of a fund house, prices of certain shares falling can be offset by rising prices of others, thereby keeping the overall portfolio afloat. Then there are hybrid schemes offering diversification across asset classes by simultaneously investing in equity and debt instruments.


No need to time the markets: Investing in MFs via the systematic investment plan (SIP) route does away with the need to time the markets. A fixed amount is i nve s t e d eve r y m o n t h through the ups and downs of the market, thereby helping to reduce the investment cost over the long term.


Easy on the pocket:

 You can start an SIP for as little as Rs 500 per month. Also, expenses charged by the MF are capped by the market regulator Sebi. In effect, MFs are affordable investment tools for every investor.


Having discussed the benefits, now let's take a look at a how you can invest in MFs in five easy steps:


Step 1: Engage an adviser


A qualified and competent adviser can go a long way in helping you with the investment process. Don't hesitate to engage one even if it entails paying a fee for his/ her services.


Step 2: Set goals


Decide why you want to invest: Is it for creating wealth, to provide for children's education, for their weddings, for your retired life or for any other purpose? For each goal, you should have a distinct MF portfolio in place. The adviser has a part to play here too – helping you choose the right funds and set up a suitable portfolio.


Step 3: Select funds


Along with your adviser, study funds on both qualitative and quantitative parameters to select the ones that are most suitable for you.


Step 4: Become KYC-compliant


To invest in MFs, you must comply with Know Your Client (KYC) norms put in place by Sebi. Among others, submitting copies of the income tax PAN card and a proof of address are mandatory. If your adviser is an AMFI-empanelled mutual fund distributor, he can help you with the paperwork. Once a KYC process is completed, that will be valid for all your MF investments, and you don't need to repeat the process for any subsequent investment.


Step 5: Start an SIP


Submit an ECS mandate form (of the bank with which you have an account) to the MF to enable regular debits from your bank account. Also, you need to fill up and submit an application form for each fund you want to invest in.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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