How To Invest in Mutual fund Through App?
Investing in mutual funds through an app, such as the Bajaj Finserv app, is a convenient and efficient process. Here’s a detailed guide to help you through it:
Step-by-Step Guide to Investing in Mutual Funds via Bajaj Finserv App
1. Download and Install the Bajaj Finserv App
- Android Users: Go to the Google Play Store, search for "Bajaj Finserv," and install the app.
- iOS Users: Visit the Apple App Store, search for "Bajaj Finserv," and install the app.
2. Sign Up or Log In
- Open the app.
- If you are a new user, sign up by providing the necessary details.
- Existing users can log in using their credentials.
3. Complete KYC (Know Your Customer)
- Ensure your KYC is complete. This is mandatory for investing in mutual funds.
- The app will guide you through the KYC process, which typically requires your PAN card, Aadhaar card, and a photograph.
4. Navigate to the Mutual Funds Section
- Once logged in, find the “Investments” or “Mutual Funds” section in the app.
5. Browse and Select Mutual Funds
- Explore various mutual fund options. The app will likely have filters and categories such as equity, debt, hybrid, etc.
- You can check details like past performance, risk level, and fund objectives for each fund.
6. Choose Investment Type
- Decide whether you want to make a one-time lump sum investment or start a Systematic Investment Plan (SIP).
- Lump Sum Investment: A single payment.
- SIP: Regular investments at set intervals (e.g., monthly).
7. Enter Investment Details
- For lump sum: Enter the amount you wish to invest.
- For SIP: Choose the frequency (monthly, quarterly, etc.), the amount, and the start date.
8. Payment Process
- Review your investment details.
- Proceed to make the payment through available options such as net banking, UPI, debit card, etc.
9. Receive Confirmation
After successful payment, you will receive a confirmation of your investment.
You can track your mutual fund investments and their performance directly through the app.
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