InvestorQ : When and at what rate should we buy Yes Bank now
rajinder Kumar raina made post

When and at what rate should we buy Yes Bank now

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Sakshi Malhotra answered.
1 year ago

An index fund is a mutual fund, the portfolio of an index. The funds here are invested in securities that match or track the Index. Index funds are also known as index-tracked mutual funds. 

If you are looking for the eligibility criteria as an investor to invest in Index mutual fund then you must be:
As per Foreign Exchange Management Act, 1999. SECTION 2(v), a person residing in India for more than 182 days during the preceding financial year is a person resident in India.
You must have all the necessary documents required to complete the KYC Know your customer process. Generally, identity proof with photograph and address proof are the two basic mandatory KYC documents.

You can start investing in index fund simply by few below steps:
You can purchase an index fund directly from a mutual fund company or a brokerage.
Pick an index fund at your budget after tracking various indexes.
Pick a fund that don't cost much, as they have the biggest selling points of index funds.
(Choose a commission-free option)