smith
New Member
Posts: 2
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Post by smith on Jan 6, 2018 6:28:14 GMT -5
If you are planning to invest only in on mutual fund then you can directly go the IDFC local branch, fill up the form, provide a cheque (which will be used to deduct amount automatically from your saving account) and submit the application. But if you are planning to invest in more than one portfolio then better open a trading account. I guess sharekhan is good one, their AMC is low and you can even open 1st year free account, talk to the nearest sharekhan branch. As you said you have less budget then you can also use Digital wallet (https://economictimes.indiatimes.com/wealth/personal-finance-news/investors-can-buy-mutual-funds-through-digital-wallets-sebi/articleshow/58382547.cms). I don't know whether credit card can be used for investing in mututal fund, but hear that Yes Bank has some short of option to invest in mutual fund using credit card or debit card. Reference: www.findcreditcardstatus.com/yes-bank/economictimes.indiatimes.com/wealth/personal-finance-news/investors-can-buy-mutual-funds-through-digital-wallets-sebi/articleshow/58382547.cms
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