It is now a cakewalk to buy almost EVERYTHING online, including the latest gadgets and gizmos. So why not take the online route when it comes to buying mutual funds too? Fund houses and online portals are turning more and more concerned to address this need with every passing day. Not only are online portals slowly proliferating, top mutual funds India houses are also actively promoting their online transaction portals. The following are a few ways of buying mutual funds online-
1. AMC websites: most fund companies offer their products to investors with just a few clicks. Through their websites, you can easily transact in mutual funds online. This is the cheapest option for the investor as the facility comes absolutely free, though it is not the most convenient way.
2. Broker platforms: in case you possess your online stock trading account, mutual funds can be bought via this channel itself but your broker should be offering this facility as well. Many large stock brokerages are directly tied to BSE and NSE mutual fund based exchange platforms in recent times. You simply have to log on to the broker’s online trading terminal and select the desired scheme from the choices available on the portal. The units will be credited directly to your Demat account.
3. Independent portals: Independent web portals- FundsIndia and Fundsupermart- also cater to mutual fund investors, facilitating them to buy and sell online without any extra cost. What you should do is create your online account which does not require any costs and then you will have easy access to the entire mutual fund arena. They also often have tie-ups with leading banks for seamless online payments. Along with the advantage of negligible costs, these portals will help you with several added benefits that ensure a friendly and hassle-free experience to the investors.