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five ways in which you can buy your fund units.

30/10/2009 by admin

For everyone who have planned to invest in mutual funds ,i m sure must be searching for the right steps/ways  to foolw to do so.
so , here is the place where your search ends .

We have listed five ways in which you can buy your fund units.


1. Get in touch with the Asset Management Company

The first step is to track the AMC — as fund houses are known — online.

Once you get onto their Web site, you will get their office addresses, phone numbers and a contact e-mail address. You will even be able to transact online with some of them.

Invest online with the mutual fund

Some mutual fund Web sites allow you to invest online. However, you must check if you have an account with the banks they have partnered with.

For example, Prudential ICICI Mutual Fund allows you to buy funds online if you have a banking account with any of the following banks: Centurion Bank, HDFC Bank [ Get Quote ], ICICI Bank [ Get Quote ], IDBI Bank and UTI Bank [ Get Quote ].

You can buy units of SBI [ Get Quote ] Mutual Fund’s schemes only if you have an account with the State Bank of India or HDFC Bank.

Get in touch with the fund house

By going online, you will be able to locate the fund house’s address and phone number (toll free number in some cases). You can call and request them to send an agent over.

Or, if you want, go over personally. Do make an appointment; you may end up wasting time if the person you want to speak to is not available.

Some, like Prudential ICICI Mutual Fund, have a form you can fill and submit online. Do so and they will send someone over to meet you.


2. Visit your bank

nowadays almost all the banks plays the role of mutual fund agents.

Just walk into your branch and ask if they are selling any funds. See if they have a tie-up with the fund house you want to invest in.

3. Ask around

seeking some advise is always advisable to atleast get the footprints if not the target . Ask your colleagues, neighbours, friends and relatives. Someone will know an agent. Just ask them for his contact details or ask that he get in touch with you.

4. Visit the AMFI website

The Web site of the Association of Mutual Funds in India has a list of mutual fund agents across the country.

Under the heading Investors Zone, you will find another one called ARN Search. This refers to the AMFI Registration Number.

Click on it and you will arrive on  a search page. You can locate an agent in your place  by just putting in your PIN code or name of your city.

5. Check the online finance portals

Do you have an online trading account? Then you could check if they also sell mutual funds online.

If you do not have an online trading account and are considering opening one, you could look for a player that offers both.

Some like ICICI Direct sell funds online. But you must have a trading account with them. Others, like India Bulls and Motilal Oswal, do not have this facility online but if you call and leave your contact details, they will send an agent over.

Here are some of the prominent players.

5 paisa

Geojit Securities

HDFC Securities

ICICI Direct

India Bulls

InvestSmart Online

Investmentz.com

Kotak Street

Motilal Oswal

Sharekhan

Filed Under: General Tagged With: about mutual funds, basics of mutual funds, best mutual funds, equity mutual funds, five ways in which you can buy your fund units., how to invest, income funds, income mutual funds 1 – 3 309.21, investing, investing in mutual funds, investment funds, list of mutual funds, managed funds, mutual fund investing, mutual funds india, mutual funds invest, mutual funds investment, mutual funds performance, stock mutual funds, type of mutual funds, types of mutual funds

Comments

  1. stock tips says

    06/11/2009 at 11:51 am

    This blog is really nice and informative.This is the grate way and very use full in life.the most money is made by SITTING, not making perfect choices.

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