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Business News/ Opinion / Online-views/  One-Minute Guide | Mutual fund websites
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One-Minute Guide | Mutual fund websites

One-Minute Guide | Mutual fund websites

Premium


Who am I?

From reading books and newspapers to shopping from online catalogues to even making your investments, we are besieged by the Internet these days. Your mutual fund (MF) house too prefers to send you documents like your account statements and factsheets over email. I am the online presence of your MF house; every MF house has a version of me. Here’s how I can be of help.

Forms and information

Online transactions

I also help you make MF investments directly, bypassing your agent. I wouldn’t advise this to everyone though; if you feel the need to get strong advice on how and where to invest, I suggest you invest through your financial planner. But I give you an option to invest directly, sitting in the comforts of your home or office, wherever you have an Internet connection. You will still need to do your first transaction physically. Then, you obtain a permanent identification number (PIN) and then you can subsequently do all other transactions online. It’s a bit of pain to procure as many PINs—and then remember them—as the number of fund houses in which you are investing, but at least it’s a facility nonetheless.

Improve your knowledge

I can be your teacher, friend and a guide, all in one. I have various study materials to help you learn more of MFs and how they work, what they can do for you, their good and not so good points, how to navigate the markets and so on. I also have various calculators. For instance, if you wish to have 1 crore in your kitty after say, 20 years, you can key in a rate of return that you expect the equity markets to give each year (just an average rate), and I can tell you how much you need to save each month. On the other hand, if you give an expected rate of return from the equity markets each year, the number of years you wish to invest and stay invested in and your monthly investment amount, I can tell you how much money you will make at the end of your term.

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Published: 28 Dec 2011, 09:57 PM IST
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