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What are Mutual Funds?

Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets. They are managed by professional fund managers, providing investors with a convenient way to access a diversified investment portfolio.

List of essential documents needed for investing in Mutual Funds

For a hassle-free process of investing in Mutual Funds, you may need the following essential documents:

• Proof of identity with a photo, such as your Aadhaar card, PAN card, Voter ID card, driving license, etc.
• Proof of residence, such as registered lease agreements, driver’s licenses, passports, utility bills (electricity, water, gas), etc.
• Bank account details, including a copy of your bank passbook or account statement (not more than three months old).
• Income proof, such as payslips, income tax returns, or any other document demonstrating your source of income.

How to invest in Mutual Funds?

• Choose a Mutual Fund Platform
• Complete the KYC (Know Your Customer) process by providing your personal and financial details.
• Select the Mutual Fund scheme(s) you wish to invest in and the investment amount.
• Make the investment payment through net banking or other available payment methods.