Go online to invest in mutual funds

If you are tired of paperwork while making your mutual fund investments, it is time to go online.In the physical world every new investment entails filling of forms, writing a cheque, attaching a copy of your Know your client ( KYC). After that your broker or agent has to physically deposit the form with the fund house or the registrar. If the transaction goes through, you get an account statement which you have to file. Over a period of time, such account statements pile up and you may not even know what is the value of your investments.

However, when you go online, you can transact without any paperwork and from anywhere in the world. Integration of your bank account with your mutual fund account ensures seamless transactions with instant confirmation. When you log in, you can check in and find the latest the value of your investments. You also need not hunt for statements. Transactions like Systematic investment plan ( SIP) can be altered, or done at the click of a button. Many online brokers also offer you research and tools to track your mutual fund investments.

They have financial calculators, which give you solutions on meeting your financial goals. These websites offer asset allocation models that can be used to construct your portfolio based on your age and risk appetite. Besides this, they also have model portfolios, which you can replicate while building your own portfolio. A customer portfolio is tracked regularly and updated online, which helps him take corrective action if any.

Source: http://economictimes.indiatimes.com/personal-finance/mutual-funds/analysis/go-online-to-invest-in-mutual-funds/articleshow/13052858.cms