Innovative Ways to Invest in Mutual Funds
Mutual Funds are the hottest investment vehicles in the world right now. This is because of the highly volatile Equity markets. because of this high volatality, Investors prefer to invest in the mutual funds rather than directly investing in the stock market.
Once you divert money towards the fund manager having a past record of excellent performance, your job is over. many people ask me that Why should anyone invest in the mutual funds? after all they charge the fund management fees. But well, just think that by giving 0.5-1.50% fund management fees, you are getting the professional management of your money. And if you try to save this fund management fee by investing directly by yourself in the stock market without having any knowledge about it than it will be more costlier than saving that 1.5% fund management fee.
Here are few Innovative ways to Invest in Mutual Funds -
01) Contact the AMC -
You can directly contact your Asset management Company. And their representative will assist you to invest in whole the process of buying the mutual funds.
02) Ask the Broker -
If you know some professinal broker than you can ask from him that in which mutual funds to invest? Well, remember that salesmen are not the brokers. Today everyone call himself a broker. But a broker is one who gives you the unbias advise about which mutual fund to chose.
03) Invest online -
Yes, You can Invest online in the mutual funds from your Online Demat Account. I Personally use the ICICIDirect.com to invest in the mutual funds online.
04) Search the Blogs, Forums & Investment Communities -
Today it is very easy to search the Internet and find some great blogs, review sites and forums about the Mutual Funds. You can easily get the review about any mutual funds by searching the web or visiting the reputed blogs and after reading the reviews, you can take the decision.
05) Ask the Bank -
You can also contact your bank and ask them that you want to invest in mutual funds. Your Bank will assist you in investing in the mutual funds.
Thus, there are several innovative ways to invest in the mutual funds. once you select the mutual fund, you can either invest lump sum amount or you can start SIP in that Mutual Fund. Over the time you can build a sufficient Corpus for your future...!!!