How To Buy Mutual Funds Online in India?
Many people now a days prefer to invest in mutual funds via online route. This is because it is very convenient way to invest in mutual funds and not only this but you can track your entire mutual funds portfolio online with just a single click.
Many people have collected so many MF statements in their file that it becomes practically impossible to keep the track record of all of these funds. So here are the various ways by which you can buy mutual funds online in India.
01) Buy through Independent Websites -
Both of the above are the independent websites by which you can buy any mutual fund online. The main advantage of these sites is that, you won’t have to pay any more charges/fees to buy mutual funds from these websites. These websites are 100% FREE for the retail investors.
02) Buy from the Online Brokers -
Or Any Other Broker…
You can register for the brokerage services for any of the above brokers and via their online demat accounts, but mutual funds just like stocks.
I personally use ICICIDirect.com since more than 5 years from now and it is very convenient.
03) Buy from Bourses -
You can trade in mutual funds through the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE) the way you buy and sell shares online. All you need to do is register with your existing stock broker by filling up the required two-page form, as mandated by the regulator. Mutual funds bought by you will be credited to your demat account. You can also use your existing demat accounts to convert your existing mutual fund units in dematerialised form.
0 comments:
Post a Comment