How to start Investing in mutual funds in India

“Mutual Funds SahiHai” the famous campaign spread the message of simplicity and importance of disciplined investing. You will find ample direction how to chose the best mutual funds etc. In this post I would like to focus on how to start investing in mutual funds. What is that first step for investing in mutual funds.

How to choose mutual Funds –

If you are a first-time investor, its a good idea to take a service of mutual fund online platforms like moneycontrol.com, scripbox.com, ET Money, Groww app etc.

In any age bracket, your first 2 mutual funds could be one liquid mutual fund and one hybrid fund, to give you head-start. Its a good idea to start investing in mutual fund on your own.

Taking inspiration of recipe writing..you need to know your ingredients for cooking, here are the ingredients to start the process of investing –

1. PAN Card
2. Aadhaar Card
3. Bank Details – Cheque book, Bank Account No., Bank branch, IFSC Code
4. Passport size photograph

Download CAMSOnline app, or check online – CAMS

You will be given an option of generating OTP through mobile no. or email id.

CAMS is a registrar to some reputed mutual funds, using their website or app, you will be able to invest in Aditya Birla, IDFC, IIFL, ICICI, Kotak, Tata, DSP Mutual Fund, SBI, L&T, Mahindra and PPAFs mutual funds can be bought.

In this app/ website, you can check your investment details, if you invested in schemes of any of the above mutual funds.