Module 1: The First Step
Topic: Starting Small
In simple terms, a mutual fund means a pool of investments, managed by a professional fund manager. To get started:
Choose any Investment Platform:
There are many mutual fund investing platforms, including any Asset Management Company (AMC) apps/websites. Pick any of the them that you prefer on the App store/ Play Store.
Complete KYC:
Know Your Customer (KYC) is a mandatory step before you start investing and all mutual fund investment apps/ websites will ask you to complete it. KYC can generally be done using OTP based Aadhaar verification. The full list of steps for KYC verification is available below.
Pick any Scheme:
Now, as a KYC compliant investor, you can invest in a scheme of your choice. Select any scheme that you prefer and put in a small amount that you are comfortable with as a one-time investment. You can read about the scheme details, and the associated risks with the investment. We will cover the details that one should consider in the upcoming modules.
Invest an amount based on your convenience:
Confirm your payment. Congratulations, you’re now all set to become a mutual fund investor!
Key Takeaway:
Starting with mutual funds is simple. We will learn about more nuanced topics, including risk factors associated in the upcoming modules.
Task:
Don’t worry about the technicalities for now, once your investment is confirmed you will receive an email from the AMC which you can go through. As per regulations you are expected to receive it within 5 working days.
To get all the details for KYC verification and all the steps to get investment ready, you can visit this link.
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
An Investor education and awareness initiative by Zerodha Mutual Fund.
