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.











Comments

Popular posts from this blog

Mastering Mutual Funds: Your Roadmap to Financial Prosperity Revealed!

Investing In Emerging Markets: Opportunities And Challenges For Investors

Assessing The Impact Of Central Bank Policies On Stock Market Performance