Is it necessary to invest in mutual funds through banks? Is it possible to invest through the fund house itself?
-Parth Bhatia
Yes, absolutely, you can invest in mutual funds directly. Most mutual fund company websites enable direct investments. If you have an online bank account, you can invest through it as well.
If you're a first time investor, you will have to get your KYC done before you invest. It is an easy procedure and all you need is a bank account and a PAN card. You don’t need to go through the KYC procedure again if you’ve invested in mutual funds before.
This article was originally published on May 23, 2012.