Mutual funds are open to a wide range of investors including Resident Individuals, NRIs, PIOs, HUFs, Companies, Partnership Firms, Trusts, Cooperative Societies, Banking and Non-Banking Financial Institutions, registered FIIs, QFIs etc. This is not an exhaustive list but represents the more commonly known types of investors in mutual funds in India.
HOW TO INVEST IN MUTUAL FUNDS
Mutual funds are made easily accessible to investors. Applications can be made in the following ways.
These are professionals who are trained to reach out to customers to provide information on the various funds provided by a company. They help process applications and deal with related issues e.g.cancellation redemption, , transfer of units and other dealings with the company. Agent commissions up to 6%, are added on to the purchase price of fund units.
Customers can circumvent agents and apply to a scheme themselves. customer can do this by visiting the nearest office of the mutual fund company or by going online. Forms can be availed and submitted at the appropriate office or downloaded from the company website and submitted at the office. Alternatively, applications can be processed online.
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