My Tips Towards Wealthy

Monday, May 30, 2011

How to start Mutual Fund - Part 2

Today i would like to mention about few easy and cost effective method to start a Mutual Fund. Those who haven't read my previous post about the same topic can read in the following link. http://mytipstowardswealthy.blogspot.com/2010/09/how-to-start-mutual-fund-investment.html

1) As mentioned in Part 1 select the best Mutual Fund based on star rating from the site http://new.valueresearchonline.com/


2) Next download the MF application forms from the AMC website.
 2.1) SIP registration form
2.2) ECS registration form
2.3) Online account request form.


3) Next fill up these forms completely. Attach a cheque with first installment [ or even a cancelled blank check ] for the purpose of ECS registration with you bank

4) Attach photocopies of KYC Acknowledgement letter, PAN card and Passport.

5) Send all the items to CAMS via regular post. You can get the CAMS address from the following link.
http://www.camsonline.com/CAMSServiceLocations.html

Thats it, no need of even going to the CAMS office.

6) If you are sending first installment as cheque you will get a confirmation SMS and e-Mail within one week from the AMC.

7) After 30 days your SIP start working. In case of any issues AMC will call and ask for resending any of the forms. So be cautious while filling the forms. Dont leave any of the items in the forms typically PAN card number, Nominee details, Bank account number, check number, E-mail ID, Signatures, and even the Bank IFSC codes, SIP start date, end date, mobile numbers etc.

Happy Investing !!

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