How to invest online in mutual funds in India

If you are planning to invest in mutual funds but hesitate to do the paper work and not willing to visit the mutual fund office (AMC), then you can easily start investing online in mutual funds as technology enabled by Asset Management Companies and mutual fund advisors have made investing in mutual funds easier, faster and simpler.

However, before you want to start the online investment, you have to fulfil Mutual Fund KYC (Know your customer) formalities, if you are not KYC compliant already. KYC is a mandatory requirement for investing in Mutual Funds.

How to make an online KYC

Keep scan copies of an ID proof (preferably AADHAR as it is going the be mandatory from 1st Jan 2018), PAN Card and address proof. You can complete this requirement electronically through eKYC module available with mutual fund registrars and few AMCs.

What is Aadhar based eKYC – If you have AADHAR number, it would simplify the above procedure. The moment you enter your AADHAR card number, an OTP is sent to your registered mobile number with AADHAR. You have to authenticate the details with the OTP (One-Time Password) sent by UIDAI. Once it is authenticated, it will pre-populate the form with all your personal details available in the UIDAI database. Completing the eKYC procedure through AADHAR will not require any IPV (in person verification).

Upload the mandatory documents – In the next step, you will asked to upload scanned copy of your PAN (Permanent Account Number) card and AADHAR Card.

IPV verification through video Call – This is the last step (if you are not making anAadhar based eKYC) in making the eKYC. To complete the IPV (In-Person Verification) requirement, the fund house or the registrar will ask seek a suitable time slot from you when you can confirm your physical existence through a webcam. You need to keep your original PAN card and address proof ready with you as you will be asked to show them during the video call.

Please note that eKYC is a centralised and one time procedure and therefore you need not repeat the process separately with each AMC you wish to invest or with the R&T agent.

Start the online registration process for investment – Once your eKYC is made or you are already Mutual Fund KYC compliant, visit the AMC website whose fund you want to buy or visit our website and click on the SIGN UP link on the home page. We will ask your name, mobile number and email ID which we will verify through a link sent to your email ID.

Post the verification, you have to follow few steps to enter your address, nominee details,bank details and answer few FATCA questions. In one of the steps we will ask you to upload your cancelled cheque and your signature (you can sign with black ink on a white paper).

Post fulfilment of all the above steps you will be redirected to a page from where you can select the AMC in whose scheme you want to invest, then select the fund category and the scheme name and amount. Once these are selected, you will be redirected to the net-banking page of your bank from where you can pay online using your net-banking account.

You can invest in any mutual fund scheme from any place and at anytime without any hassle. Whether you are a new or experienced investor, online mutual fund investment is ideal for you. We at have made it simpler as you can complete your transactions as and when you want in just few steps and minutes!