I am 23, and I want to invest in Mutual funds through SIP for tax saving purpose. My time horizon is five years for now and it can be more in future. I am willing to invest around ₹10,000 per month. I have no exposure to share market. How can I start investing? Also, please elaborate the SIP process and name a few best funds to invest.
- Sanjay Kumar Jain
Since this is your first investment in stocks, let us reiterate an important point. We encourage our readers to invest in equity only if they have at least five-year investment horizon. ELSSs come with a mandatory lock-in period of three years, but you should be prepared to wait for a few more years if the market gets into a bad phase.
You can either directly invest with the mutual funds or employ the service of a Amfi-certified mutual fund agent.
You can invest in a direct plan in following ways:
- Register with the fund house's online portal and invest through it
- Submit your application at the fund house's branch in person or by post
- Approach the Asset Management Company's office in person or by post
- Submit your application to the registrars of the fund house, which are CAMS and Karvy
Here is an FAQ on investing directly with mutual funds: Click Here
Or you can hire an AMFI registered agent. You can find agents here: Click Here
Here is a list of our top rated tax-saving funds: Click Here
This article was originally published on October 12, 2015.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
