I want to know the procedure to invest in mutual funds.
- Saurabh Sahu
You can invest in a mutual fund scheme either through online investment facility provided by the AMC, through an AMFI-registered mutual fund distributor or by directly walking into any branch of the mutual fund company. Many banks also distribute mutual fund products and allow you to invest through their trading platforms in MFs. Whether you decide to invest online or offline, you will require the following documents: your photograph, PAN card, name & address proof, bank account details. As per the rule of SEBI from January 1, 2011, all those who would want to invest in mutual funds are required to be verified by the fund for know-your-customer (KYC) compliance.