I want to start investing in mutual funds. I wanted to do it via Systematic Investment Plan (SIP). I have some queries:
- Can I buy any mutual fund online?
- Do I need to do KYC every time I invest?
- Is it possible to do KYC online
- Vaibhao Dongre
To begin with, you need should register for KYC. Here is how to get your KYC done.
Once your KYC is done, you can can invest in mutual funds online through the website of Asset Management Companies (AMCs).
KYC is uniform for all AMCs, but it cannot be done online. It is a one-time process, you don't have to do it every time you are investing.
This article was originally published on October 15, 2015.