You cannot invest in a mutual fund with cash. Find out the requirements to invest in mutual funds…
Can we buy mutual funds in a lump sum amount with cash worth Rs 2 lakh to Rs 2.5 lakh?
- Naresh Gupta
No, you can't invest in mutual funds through cash. To invest in mutual funds, it is mandatory that you have a bank account and have fulfilled the Know Your Customer (KYC) regulations, which would require a Permanent Account Number (PAN).
This article was originally published on September 07, 2012.
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