There is no doubt to the statement that human life has been simplified by modern technologies. The use of technology is almost omnipresent in this era, and no sector is spared from its influence. The mutual fund market also has got immense benefits from the same where the AMC has got their apps for the ease of investment by the investors in the market. Almost every AMC in this era has got an app which is easy to use and operate by a novice investor also. The only point one needs to remind is to have the same from the play store and install it on the device.
How to find the
right app?
Before answering this
query, one needs to know in which scheme of which company one wants to go for
the investment. Accordingly, he needs to download the app. Almost every app in
this industry has a similar style with a little difference in view and options.
The investor needs to get the same on the device and allow it various
permissions to get installed. Once the installation of the same is done, one
needs to have the KYC done if he has not done the same yet.
How to do the KYC?
Well, for easy KYC,
one needs to upload his Identity proof and PAN card as well as address proof in
the format of JPEG. Nowadays, even the aadhar card is made mandatory for the
investors, and hence, one needs to provide a soft copy of the same. In a few
minutes, the system shows KYC done, and now one can start investing in the
mutual fund. The KYC can be easily done from the direct mutual fund app on one’s smartphone also.
The investment and
options:
Here the investor
can find multiple options for the safe investment. There are growth, dividend
and other options also which one can choose as per his profile. The investor
can check the funds in small-cap, large-cap and mid-cap funds which can lead
him to better return. However, while choosing the same, it is necessary to find
the required facts that can help one get the right option for his profile. One
can find all these relevant details on direct
mutual fund app, and hence, one can save time from moving to various sites
and companies. Once the investment option is chosen, one can link the account
of the bank to the app and start investing. Here one needs to specify a date
when the concerned amount is directly debited from the concerned bank account
and credited in the market of the mutual fund.
On the app one can
also check some of the material facts such as amount invested, NAV, available
units, the option selected, the dividend paid or reinvested, the total
investment on a particular date as well as the current value of the investment.
Hence the app proves much useful to the investor irrespective of his choice and
availability of time. It helps one to save from going to the companies and seek
his investment details.
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