Mutual Funds
Mutual Funds Account
Lifetime FREE Mutual Funds Account
• Invest in Zero Commission Direct Mutual Funds
• Track your existing mutual funds across all brokers
Trending Mutual Funds
Navi Nifty 50 Index Fund Direct Growth
₹16.11
0%▲
Expense Ratio 0.06%
1Y Return ▲ 3.2%
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How do I start my Mutual Funds Investment with INDMoney?
First time users on INDMoney can follow below written steps to start Investing in Mutual Fund:
1.Sign Up:
Begin by signing up on the INDMoney platform. Enter your Phone number and OTP to create your account and gain access to a world of investment opportunities in Mutual Funds.
- Complete Your KYC:
Complete your Know Your Customer (KYC) process seamlessly with INDMoney by providing Name and Address proof with e-signature. This ensures compliance with regulatory requirements and enables you to start investing in mutual funds.
- Explore Funds:
Dive into a diverse range of mutual fund options curated to suit various investment goals and risk profiles. INDMoney offers a comprehensive catalog, making it easy for you to find funds that align with your financial objectives.
- Decide SIP or Lumpsum Investment:
After deciding on what Fund to Invest in, choose between Systematic Investment Plan (SIP) or Lumpsum investment based on your preferences and financial strategy. SIP allows you to invest small amounts regularly, while Lumpsum involves a one-time larger investment. INDMoney offers flexibility to cater to both approaches.
- Monitor Your Portfolio:
Keep track of your mutual fund investments through INDMoney's user-friendly interface. Monitor the performance of your portfolio and make adjustments as needed to stay on track with your financial goals.
How to do Mutual Fund Investment?
You can follow these simple steps to start your Mutual Funds Investment Journey:
1. Set Clear Financial Goals:
First Understand your investment objectives, such as wealth creation, retirement planning, or buying a house.
2. Understand Your Risk Tolerance:
Assess how much risk you're comfortable with. This will help you choose the right type of mutual funds.
3. Research and Select Funds:
Identify mutual funds that align with your goals and risk tolerance. Consider factors like fund type (equity, debt, etc.), historical performance, and fund manager's track record. On INDMoney you will get a curated list of funds for different Investment types.
4. Choose the Investment Platform:
Select a reliable and user-friendly platform or financial institution to invest through. Many banks, online platforms, and investment firms offer mutual fund investment services. INDMoney’s platform provides a user-friendly, comprehensive, and a brokerage-free Investment environment.
5. Complete KYC Formalities:
Fulfill the Know Your Customer (KYC) requirements by providing necessary documents like identity proof, address proof, e-signature and a passport-sized photograph.
6. Select Investment Amount and Frequency:
Decide how much you want to invest initially and if you'll make regular contributions SIP (Systematic Investment Plan) or a lump sum investment.
7. Payment Process:
Make the payment through a NEFT, Net-Banking, or any other method specified by the investment platform.
8. Monitor Your Investments:
Keep an eye on your mutual fund investments and track their performance. You may choose to make adjustments over time based on your goals and market conditions.
9. Stay Informed:
Keep yourself updated with market trends, economic news, and the performance of your chosen mutual funds. INDMoney’s proprietary algorithms bring you the latest market news that might affect your investments.
What are the benefits of investing via mutual funds?
Mutual funds as an investment option have some big advantages
Diversification
Mutual funds invest in a basket of stocks/ bonds that are typically diversified across sectors. This reduces risk as compared to direct stock investing where funds are invested in individual companies.
Professional Management
A dedicated fund manager continuously monitors the market and accordingly adjusts the Funds Investments. Compared to direct stocks, mutual funds investments saves your time and efforts.
Liquidity
Mutual fund investments can be redeemed easily and your money is received in the bank account typically in 1-3 business days. This is safer compared to direct stocks/ bonds where redemption is subject to other people selling/Buying them.
Tax Saving
You can save upto ₹1,50,000 per financial year if you Invest that money in ELSS mutual funds. This money qualifies for income tax exemption under section 80C of the income tax act. When held over longer periods (>3Y) of investments, mutual funds are tax efficient.
Cost-effective
Mutual funds offer economies of scale to individual investors. The costs of investment such as brokerage are distributed across all pooled investors. Pooling money at scale also allows exposure to certain stocks/ bonds that may otherwise not be accessible to an individual investor.
Regulated
Mutual funds are very well-regulated in India. The Securities and Exchange Board of India (SEBI) ensures all market participants, AMCs adhere to rules that ensure investor protection, liquidity, fair valuations, and risk management.
