• Step 1: You will have to register first if you’re approaching any official website of Asset Management Company or online mutual fund aggregator. You will be required to provide name, date of birth, mobile number, email, and PAN.
• Step 2: Once you register, you need to complete e-KYC on the concerned website. To support the eKYC, you will have to submit self-attested copies of PAN card, Aadhar card, address proof, and a passport-size photograph.
• Step 3: Complete the in-person verification. You can do verification through AMC, Mutual fund aggregator/ distributor, or Karvy / CAMS office. In-person verification is also available through video conferencing.
• Step 4: Choose the right asset on the basis of investment goals, risk appetite, availability of funds, and others
• Step 5: Post the IPV, which takes around a week; you can submit the mutual fund application form. Along with the form, you can also submit the investment amount.
As investors, we all make mistakes. Those errors can be corrected when you are aware of the best investment options. Let’s take a look at the common things you must avoid while making mutual fund investments:
• The biggest mistake you should avoid is investing without any goal and risk profile. Once you prioritize your goals, you become more focused and determined.
• Do not let market volatility or economic downturn affect your investment decisions. By panicking, you may make a move that you might regret later. Always think of the long-term.
• Avoid using the corpus for financing other expenses. If you’re doing this, it means you are breaking the compounding journey, and this can significantly impact your money growth perspective.
• When you’re at the start of the career and prefer to make low-risk financial choices, it is good to choose a financial debt instrument. But the money will not grow as fast as in the case of equities.
• As an investor, if you have a habit of reshuffling your investments too often, then you should avoid doing this. You will attract exit loads, and this, in turn, will eat away your returns.

Potential investors can start mutual fund investment through Systematic Investment Plan (SIP) or lumpsum amount. Any person who wants to start an early investment with a small fixed amount can opt for the SIP payment method, one of the best investment options. A lot of first-time investors avoid investing in mutual funds as they find it a complicated process. Here’s how you can invest in mutual funds:

Here are the steps on how to invest money in mutual funds:
• The first step is to identify your investment goal. This helps you infer the level of risk, choose a payment method, lock-in period, etc.
• In order to invest in mutual funds, you need to comply with KYC requirements. To initiate KYC compliance, you need a PAN Card, proof of residence, age proof, etc.
• Investing right is the key. Choose the right asset that suits your investment goals. Before making any investment decision, you need to understand the different schemes and align them with your purpose, risk appetite, and affordability.
• Mutual funds are subject to market risks. If you’re looking for high returns, you can choose equities, but this is also a high-risk scheme. On the other hand, if you want moderate returns, debt mutual funds are ideal, as it is less risky.
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Aditya Birla Sun Life Mutual Fund

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