Online MF Investing
I am a software engineer and want to invest in mutual funds online. I need advice on how I can invest online. Please also suggest the best mutual fund in terms of returns and tax savings with inflation-adjusted returns.
 
MLF’s Reply:  To invest in mutual fund schemes, first you would need to have your KYC (know your customer) details registered. To check if your KYC is registered, visit-https://www.cvlkra.com/kycpaninquiry.aspx.
 
If you are not KYC-compliant, you could register your KYC at the time of investment. This needs to be done offline. Hence, you would need to visit the office of a fund house to register your KYC. Once your KYC is registered, you can invest online by visiting the website of a fund house. You would need to fill in an online application form and invest through Internet banking.
 
There are several online distributors as well who facilitate online investments. But you will not get the option to invest in lower-cost direct plans.
 
Equity mutual funds would be best for long-term returns. After one year, the returns are tax-free. You could invest in equity-linked savings schemes to get a tax rebate at the time of investment. 
Returns from mutual fund investments fluctuate all the time and can be volatile over the short term. But, historically, equity has outperformed debt and fixed-income instruments over the long term. An ideal way to deal with volatility is to invest regularly or via SIP. 

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COMMENTS

Vinay Dixit

2 years ago

Which fund is best to invest

Vinay Dixit

2 years ago

Which fund is best to invest

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