InvestorQ : How start investment in mutual funds?
Tej Shiv made post

How start investment in mutual funds?

Answer
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Arti Chavan answered.
5 months ago


Mutual funds have different objectives with respect to an individual's goal, so your objective of investment should match the objective of Mutual fund plan.

For example you want to save tax but somebody recommended you buy a small-cap fund scheme of the same fund house, then your objective to save tax will not be fulfilled, however, your investment will give you good growth. So before choosing your mutual fund scheme or plan ensure to align your objective to it.

Thus, recommending the best mutual fund for you without knowing your objective will not allow you to optimize the benefits. If you want to start an investment, visit any fund house online or visit their branch and check the plan or scheme the offer and then choose best among them.

The minimum amount to invest through SIP is generally Rs. 500. So you can choose any amount which you wish to invest depending upon your capability and expectation of corpus amount


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SHOBHIT BANSAL answered.
5 months ago


Good morning ,To begin investing, the first thing you need to do is to be 'KYC compliant'. This is nothing but a submission of your address proof, photographs, date of birth proof and definitely your PAN card. You can directly approach brokers for investing in mutual funds or can directly approach the mutual fund house.