How to invest in mutual fund yourself.
How to invest in mutual fund yourself....
Digiworld
When we are think to invest or buy any financial thinks we preferred a advisor which is also called as broker or agent.That agent or brokers are so cleaver they sell us that plans which gives to those heavy brokerage and we all see this same in Mutual fund.Today we are going to tell you how to invest in mutual fund without any broker.Through this way you save your heavy brokerage and commission which is help in the growth of your money.
The basic question raising in your mind What is the first step?
To invest in the mutual fund first you select a fund analyse the past minimum 10 year performance of the fund.Check the growth rate and returns of the fund compare performance from other funds.What is the NAV, check the AUM ( asset under management) it shows how much capital are invested in the fund. Prefer those fund which have a large AUM.
Read the schemes terms and condition deeply where the fund manger allocate your fund in the market and check expense ratio of the fund it is not too high. Expense ratio is a charge which is deduct from your fund.

After verification of KYC you can simply purchase your favorite mutual fund from a fund house website. First create an account fill your personal details like Name, age, gender, address, and bank account details, choose fund which is your favorite and set the funds tenure after or before they ask you a question Broker or Direct, tick on direct button and follow instruction.
How to choose a good fund house?
For those who invest first time in mutual fund it is difficult to choose good fund house. Fund house play an important role in your investment because good house hire high skills wealth managers which invest your money in the right place and gives you a high return.Before purchase a fund you should check the fund house history what are the products offered by company. Read about your fund manager how many funds they are manage about experience it will all help you to choose a good fund house.
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