I will now explain how to start basic investing in Mutual Fund.
First you need to check if you have completed your KYC formality for Mutual Fund Investing refer to this link.
Input your PAN in the field & Submit ,
If the status is Invalid then Download this form. http://www.cvlindia.com/include/pdf/KYCIndividual.pdf & fill up along with the next form
if the status is verified you can download the ULTRA LIQUID MUTUAL FUND FORM From SBI
The scheme That I invest is SBI SHDF-ULTRA SHORT TERM FUND. You only need to take the printout of Page number 31 & 32. (back to back printout)
While filling up the form when you come to column Number 8
Tick the options Dividend Reinvestment & Frequency as Daily.
You can start with 11,000/- Rupees for this scheme. Once you get comfortable with the Return it is generating you should be putting in all the excess money which you are holding in Savings bank account(over the Minimum balance required) & invest here. the biggest benefit is you can withdraw the money in 2 working days without any issues but you still get around 8% returns.
You can submit this form in any SBI Mutual Fund Investment office find the nearest Location through this link.
First you need to check if you have completed your KYC formality for Mutual Fund Investing refer to this link.
Input your PAN in the field & Submit ,
If the status is Invalid then Download this form. http://www.cvlindia.com/include/pdf/KYCIndividual.pdf & fill up along with the next form
if the status is verified you can download the ULTRA LIQUID MUTUAL FUND FORM From SBI
The scheme That I invest is SBI SHDF-ULTRA SHORT TERM FUND. You only need to take the printout of Page number 31 & 32. (back to back printout)
While filling up the form when you come to column Number 8
Tick the options Dividend Reinvestment & Frequency as Daily.
You can start with 11,000/- Rupees for this scheme. Once you get comfortable with the Return it is generating you should be putting in all the excess money which you are holding in Savings bank account(over the Minimum balance required) & invest here. the biggest benefit is you can withdraw the money in 2 working days without any issues but you still get around 8% returns.
You can submit this form in any SBI Mutual Fund Investment office find the nearest Location through this link.
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