Understanding different methods of mutual fund investment is crucial for making informed decisions. CA Manish Mishra, a Virtual CFO and Growth Advisor, emphasizes this point. Choose the most sensible method for your investment goals and reap the benefits of mutual fund investment.
With so many mutual fund platforms available, it can be tough to choose the right one. But understanding different investment methods is key, according to CA Manish Mishra, a Virtual CFO and Growth Advisor. Gain this knowledge to make informed decisions and select the best method for your investment goals.
Let’s have a look at online methods:
Online platforms: Investors have access to a variety of mobile applications and online platforms that make it easy to examine and analyze different mutual fund schemes. These tools allow investors to make informed decisions about where to invest their money. Additionally, many of these platforms offer additional assessment tools and portfolio management features to help investors manage their investments more effectively.
Direct investment through resource houses: Investors can invest directly in mutual fund schemes by creating an account on the official website of the asset management company (AMC). This allows investors to manage their investments directly and avoid third-party fees.
Mutual Fund Utilities (MFUs): MFUs are shared platforms that enable investors to invest in multiple mutual fund schemes from different AMCs. Investors can register and transact across multiple funds, making it easy to manage their investments in one place and access a wider range of options.
let’s take a look at the offline methods.
1.Investors who prefer not to use online methods can invest in mutual funds by visiting a bank or financial institution that offers this service. To open an account, investors need to fill out a form and complete KYC requirements.
2. Authorized agents and distributors can help investors open a mutual fund account and guide them through the process. These experts can also provide valuable insights into the various investment options available.
3.Investors can visit R&T offices for physical mutual fund transactions, but this method may involve more paperwork and time than online options.
