Monday, August 22, 2016

How to invest in mutual funds

Mutual funds are made easily accessible to investors. Applications can be made in the following ways.
Agents: These are professionals who are trained to reach out to customers to provide information on the various funds provided by a company. They help process applications and deal with related issues e.g. redemption, cancellation, transfer of units and other dealings with the company. Agent commissions, which normally range up to 6%, are added on to the purchase price of fund units.
Direct: Customers can circumvent agents and apply to a scheme themselves. They can do this by visiting the nearest office of the mutual fund company or by going online. Forms can be availed and submitted at the appropriate office or downloaded from the company website and submitted at the office. Alternatively, applications can be processed online.

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