Sunday 11 September 2011

How to Invest in Indian Mutual Funds?

There are three ways to invest in Indian Mutual Funds.
  • Buy Mutual Fund units directly from the fund house
  • Invest in Mutual Funds via Online Demat account
  • You can either visit the website of any mutual fund house and download the form and fill it with required documents and submit it to your nearest fund house office.
Simplest way to invest in mutual funds is from your online demat account. ICICIDirect.com, Shrekhan.com, HDFC Securities etc gives this facility. Many other online demat services in India also gives the same service. The best thing about investing through online demat account is that, you don't have to do any paperwork as everything is online. While in case of buying mutual fund units directly from the fund house, you will have to submit all the physical documents and lots of paperwork.

NRIs & Mutual Funds
  • NRIs can also invest in Indian mutual funds. However, according to SEC, the NRIs living in America can't invest in Indian mutual funds of US origin say HSBC, Fidelity & Templeton.
  • All the other Indian origin mutual funds are open for NRIs.
List of Demart provider in India
  • Icicidirect.com 
  • Sharekhan.com
  • Reliencemoney.com 
  • HdfcSecurities.com 
  • Indiabull.com
  • MotilalOswal.com
  • Kotaksecurities.com
  • etc..

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