Before starting investing, we should know some basic things. See the Checklist For Novice.
Getting started with investing in Mutual Funds
To invest in a mutual fund, you need the following:
- PAN Card: As per the SEBI rules, the PAN card submission is mandatory to invest in the mutual funds.
- Bank Account/Check Book: If you plan for the SIP method, you may need to have a bank account and check book. You can go for the auto debit facility but it is limited to some major cities.
- Fund: Select the fund in which you want to invest. Look at the funds that have longer history and consistent growth. Look at the fund manager and his abilities and complete profile
- Offer Document*: "Read the offer document carefully before investing". This is not just an ad statement but an important thing you need to do before investing.
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