Wednesday 13 January 2016

One-stop shop for mutual funds

Gone are the days when a mutual fund applicant had to physically fill an application form and submit it either to a fund house or a collection centre to open an account. These days, all these processes are a matter of just a few clicks. Now, an online mutual fund (MF) account can be opened in 15 minutes if one is KYC (know your customer) compliant. Convenience and speed are the two facets that make online mutual funds attractive. Jackpot Stocks Trading Tips, 
Almost all mutual fund houses provide this facility on their respective websites along with standalone online service providers such as Aditya Birla Money MyUniverse, ICICI Direct and MF Utility. Independent portals like Fundsindia and Fundsupermart, which are online investment service platforms, are other options one can consider.  Nifty Trading Tips
  • Specify the investment amount and the name of the fund you wish to opt for.
  • Next, there will be a provision to set a username and password to enable your online login.
  • After this, there will be an option to upload a scanned copy of a cancelled cheque which will complete all the formalities. Indian stock market astrology prediction
  • The fund house gives you a call to verify the details and within a day's time your request is processed.
  • Once that's done, you can start your transaction. 
For those not KYC complaint:  Jackpot Stocks Trading Tips
  • Many fund houses provide an option where you can leave your name and contact number.
  • A representative from the company calls you and helps you through the KYC procedure.
  • Companies such as FundsIndia.com, Aditya Birla MyUnivere and Association of Mutual Funds of India's MF Utility have brought a digital twist here too.
  • The applicant is allowed to scan and upload all the required documents online.
  • Once a suitable time for in-person verification is selected, the credentials of the applicant are verified through video conferencing. Personal Numerology

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