The Best Ways to Start Investment in Mutual Funds

To attain the Ultimate financial independence, the first step to take is proper planning. For planning there are 2 ways, one is to rely on a financial planner and second is financial planning software. Depending on a financial planner is a cumbersome process with uncertainties like the planner’s competence and whether there is a conflict of interest when it comes to his recommendations. In Additions to these there are some other ways to invest in Mutual fund Investment. They include:

Through Mutual Fund Distributors and Agents

Mutual Fund Distributors and agents are friendly advisors who come to your home and advice you about the importance of Mutual fund investment. This process is quite convenient because the agents come to your house, take some signatures and your cheque and do the running around you. The only disadvantage is the payment of trial commissions to the agents may vary and become a burden for you.

Direct Investments Through the Fund House:

In this process you can invest through online website or you can go to the fund house office and fill up the form for direct investment. It is a hassle free process as your NAV is marginally higher than the normal plans and even a 1% difference in NAV can be a huge sum over a long period of time. The only disadvantage with this process is you have to fill multiple forms if you have to invest in multiple schemes from multiple AMCs.

Investments through Transfer Agencies:

There are many mutual funds transfer agencies like CAMS and Karvy. These agencies allow you to make your direct plans as well as investments through agents under one roof. These have a huge collection of application forms of many AMC’s.

Investments Through Demat Accounts:

Many banks like ICICI Direct or Sharekhan or Geojit indirectly act as the mutual fund agent indirectly and they provide the mutual fund investment through Demat Account. But this is a very expensive investment because these channels charge extra processing fee along with the trial commission.

so, to avoid all these hassles and easily invest in mutual funds by knowing about the mutual funds please visit https://www.wixifi.com/blog/index.php/all/strategy/how-to-start-investing-in-mutual-funds-the-various-ways-in-which-you-can-invest-in-mutual-funds/