How to Invest in MFs Online
It just takes a few easy steps to start investing in a mutual fund scheme.
Firstly you need to comply with Sebi's Know Your Customer (KYC) process.For this you need one recent passport photo of your, a self-attested photocopy of your Income Tax PAN card and a proof of address. Once you have these you need to fill up a single-page KYC form.
You can take the form to one of the KYC registration authorities (KRAs), or hand it over either to your investment advisor or the mutual fund agent. Once your KYC form is accepted and you get your KYC registration letter, you are ready to invest.
Alternately, Sebi has also allowed mutual fund houses to accept Aadhaar as a valid proof of identity as well as address. This has now enabled e-KYC in which case as an investor you do not need to present yourself in front of an authorised person for verification of data in your KYC form (called in-person verification). However, Sebi has clarified use of Aadhaar is voluntary and a final order on this will depend on the order of the Supreme Court.
Along with the KYC, you need a bank account to start investing.
Once you have these, the next step is to select the fund that is right for your risk taking ability, the purpose for which you want to invest and your time horizon to invest. For this, the first time investors are advised to reach out to a Sebi-registered investment advisor who can guide you through the required steps and also teach you the basics.
Once you have started investing through a mutual fund, keep a watch on your investments, mainly how the fund is performing, if the fund is meeting its obligation to you as an investor. And also be careful to fulfil your duties as an investor.
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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