How to invest in India’s Top Mutual funds Online?

May 15, 2012 - PRLog -- No forms, no cheques, no standing in ques. Can an investor still make investment in Indian Mutual funds? Yes you can. “Welcome to the online investment in Mutual Fund world”.

Investors can now invest in mutual funds 24 x 7 x 365 using their online investment account with financial portals like http://www.NriCapital.com/, www.fundsindia.com, www.sharekhan.com and www.icicidirect.com. All you need is an account which can be opened by filling up a form and sending the KYC documents (as per the SEBI and RBI regulations). This is the only time you need to send any paper work. Once he account is active all the investments can be made without having to send any papers.

Who all can open this online trading account?

All Indian residents, NRI’s (Non resident Indians), PIO’s (Person of Indian origin) and OCI’s (Overseas citizen of India) are eligible to open the online trading account. Depending on your residential status the KYC documents may vary a little. Generally you would need a valid passport, a valid pan card, a valid residence proof and a bank account (NRE or NRO) with netbanking facility to open and operate this account.  

Once we receive the documents the same are forwarded to CVLIndia to complete the know your customer norms. Once the KYC is completed the account is activated and you are ready to make your investments.

The bank account is linked to the online investment account that you open with us, which allows you to purchase units of MF’s from most of the AMC’s.

Which portals allow online investment in mutual funds?

There are lot of portals owned by AMC’s that allow you to invest in their mutual funds. So if you went to let’s say ICICI Mutual funds you could make investments in any of their schemes. Again you have to log on to lets say HDFC Mutual fund to buy their scheme. So still lot of head ache.

There are few good investment portals that allow you to invest in most of the good mutual funds under the same platform. So under one account you could invest in ICICI Mutual Funds, HDFC Mutual Funds, Quantum Mutual Fund, Taurus Mutual Fund, Birla, IDFC all under the same roof. Some portals charge a fees or transaction fees so please check with the portal.

You could try portals such as

http://www.nricapital.com/ - FREE All-in-1 Investment Platform

www.fundsindia.com

www.sharekhan.com

www.icicidirect.com