Your smartphone can help you invest in the mutual fund now

There is no doubt to the statement that human life has been simplified by modern technologies. The use of technology is almost omnipresent in this era, and no sector is spared from its influence. The mutual fund market also has got immense benefits from the same where the AMC has got their apps for the ease of investment by the investors in the market. Almost every AMC in this era has got an app which is easy to use and operate by a novice investor also. The only point one needs to remind is to have the same from the play store and install it on the device.

mutual fund

Before answering this query, one needs to know in which scheme of which company one wants to go for the investment. Accordingly, he needs to download the app. Almost every app in this industry has a similar style with a little difference in view and options. The investor needs to get the same on the device and allow it various permissions to get installed. Once the installation of the same is done, one needs to have the KYC done if he has not done the same yet.

How to do the KYC?

Well, for easy KYC, one needs to upload his Identity proof and PAN card as well as address proof in the format of JPEG. Nowadays, even the aadhar card is made mandatory for the investors, and hence, one needs to provide a soft copy of the same. In a few minutes, the system shows KYC done, and now one can start investing in the mutual fund. The KYC can be easily done from the direct mutual fund app on one’s smartphone also.

The investment and options:

Here the investor can find multiple options for the safe investment. There are growth, dividend and other options also which one can choose as per his profile. The investor can check the funds in small-cap, large-cap and mid-cap funds which can lead him to better return. However, while choosing the same, it is necessary to find the required facts that can help one get the right option for his profile. One can find all these relevant details on direct mutual fund app, and hence, one can save time from moving to various sites and companies. Once the investment option is chosen, one can link the account of the bank to the app and start investing. Here one needs to specify a date when the concerned amount is directly debited from the concerned bank account and credited in the market of the mutual fund.

On the app one can also check some of the material facts such as amount invested, NAV, available units, the option selected, the dividend paid or reinvested, the total investment on a particular date as well as the current value of the investment. Hence the app proves much useful to the investor irrespective of his choice and availability of time. It helps one to save from going to the companies and seek his investment details.

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