MUTUAL FUNDS
A STEP BY STEP GUIDE TO INVESTING IN MUTUAL FUNDS
Published By Livemint
| 06 Feb, 2023
Mutual Fund is an investment vehicle that pools money from different individuals to invest in financial securities
Here's a step-by-step guide for investing in mutual funds
Choose a mutual fund based on their performance, risk and investment objectives
Select an online broker to open your brokerage account
Fill out the KYC (Know Your Customer) form by submitting necessary documents
Provide your bank details from which the invested amount will be deducted
Select the mode of investment: Lump Sum or SIP
Lastly, make the payment to start your investment journey
Make sure to check the performance of your mutual fund regularly to make relevant changes