Mutual fund is a common word frequently heard in the banking industry. Mutual fund is the type of investment fund which is professionally managed and it pools money from various investors for purchasing securities. Investors can be an individual or retail or institutional in nature. Mutual fund platforms like Money.Mobikwik brings the investment process online. These platforms are made to simplify the process of investing in a mutual fund. Before deciding the best way of buying a mutual fund, one must go through all the ways of buying it.

Ways of buying a mutual fund: 

There are multiple ways of investing in a mutual fund. You can opt for online as well as offline methods. 

1. Offline investment directly with the fund house 

One can visit the nearest fund house or the branch of the fund house in order to invest in mutual funds or just to get details about the schemes. The applicant must carry with him a photocopy of each of the address proof, identity proof, canceled cheque leaf along with some passport size photographs. The fund house will then provide an application form to the applicant which needs to be filled up properly and then submit it along with the rest of the required documents. 

2. Offline investment through a broker 

A mutual fund broker is a person who guides the applicant throughout the complete investment process. His work is to provide the applicant all the necessary information which needs to be followed during the investment process. He also helps the applicant in selecting the right scheme. In return, he charges an amount which is deducted from the total amount invested. 

3. Online through the official website 

Nowadays most of the fund houses are providing online platforms for investing in a mutual fund. One such example is Money.Mobikwik where you can instantly invest in Mutual funds online. The investor simply needs to visit the official site of the fund house, follow the guidance given there, furnish the required details and finally submit it. The KYC process is also completed through online mode. For that, the investor has to provide his Aadhar number and PAN. The verification process starts soon and when completed, the investor cand start the process of investment. Being a convenient and hassle-free process, it is preferred by maximum investors. 

4. Through an app 

Most of the fund houses are now allowing their investors to invest through some apps which can be installed on mobile phones. Through these apps, not only the investors can invest in mutual funds but they can also check all their bank-related details. SBI Mutual Fund, Axis Mutual Fund, HDFC Mutual Fund etc. are some of the fund houses that allow its investors to go for online investment through apps. There are some apps through which the investors can view all the investment details of various fund houses in one place.   

One can go for the online process through the official website. This process is online which means it is easy, quick and without any hassle. But the investor has to keep in mind that he cannot compare the schemes of different fund houses in a single opening as the investor can only invest in that particular fund house whose official website that person is going through. 

The best way to buy a mutual fund: 

The best way to buy a mutual fund is via a mutual fund platform. This process is easy, quick and hassle-free. Neither the investor has to visit different fund houses to get to know about the schemes nor the investor needs to pay an extra amount to the broker. By simply sitting at home, one can get to know about the schemes provided by the different fund houses and can invest accordingly through the internet. 

A person who is willing to invest in mutual funds can visit Money.Mobikwik where the person can compare the schemes given by various fund houses in one place. In this website, the person can gain access to all their investment details. A mobile app is also available for this platform where you can invest in Money.Mobikwik. Hence this app is very useful for investing in mutual funds. 

Conclusion: 

Mutual funds allow individuals to invest in a diversified portfolio of investments. They can be complex because of their structure. It is essential to understand some of the key attributes before opting for mutual fund investments. There are also a wide variety of mutual funds available so understanding one’s own goals and how a particular fund matches up will help to optimize returns. Hence one can use the mutual fund platforms where he can choose his own fund house to invest in.