Investing in mutual funds can help you earn profitable returns and fulfil you short and long-term financial goals. Unlike previous days, investing in mutual funds has now become a quick and hassle-free process. This is because several financial institutions have come up with personalized mobile apps that allow you to invest in mutual funds quickly and conveniently. The ease of transaction while investing has further encouraged more number of people to download these apps. If you are looking forward to investing in mutual funds, it is essential that you choose the right mobile app. You must compare various aspects of the mutual funds app and settle for the one that is most user-friendly, easy to navigate and has reliable customer service. Also, since some mobile apps are not updated on a regular basis, it is possible that there may be errors in the stocks portfolio of several schemes. Thus, it is essential that you carefully evaluate the features of the app before using it for investment purposes.
Mobile apps for Mutual funds
You can invest in mutual funds within a matter of minutes by using the right mutual funds app. You can consider making use of the Finserv MARKETS app to invest your hard-earned money in mutual funds. Depending upon your risk appetite and your financial goal, you can invest in either equity funds, debt funds or hybrid funds. The process to invest in mutual funds by using the Finserv MARKETS app is mentioned below:
Step 1: Choose the mutual fund you wish to invest in.
Step 2: Enter the investment amount and complete your one-time KYC. The KYC documents required are Identity proof and Address proof.
Step 3: Make the payment to complete the investment process.
You can easily monitor your investment and get detailed summaries and portfolio insights through the Finserv MARKETS app. The app can be easily downloaded on both Google Play and App Store. It is easy to use, has a smooth interface and provides round-the-clock assistance to the users. Easy set-up, zero commission and one-click redemption are some of the major benefits of using this mutual funds app for investing in mutual funds. Now that you are well aware of the importance of choosing the right mobile app for making investment, let us have a look at some of the benefits of investing in mutual funds.
Benefits of mutual funds investment
- Investing in mutual funds allows you to diversify your investments, thereby minimizing the risk from a specific security’s under-performance.
- You don’t necessarily need a huge amount to make mutual fund investment. Therefore, it is an ideal option for small investors.
- You can align your investments with your financial goals. Whether you wish to save for purchasing a house, managing wedding expenses, or retirement plans, mutual funds can prove to be an ideal investment.
- Liquidity is another major benefit of making mutual fund investments. It is basically the ease of access or conversion of an asset into cash. You can easily withdraw funds, except the Equity Linked Savings Scheme (ELSS) as it has a lock-in period of 3 years.
- Under section 80C of the Income Tax Act, you can also get tax benefits by investing in mutual funds, especially ELSS.
Since investments can help you lead a financially stable life, ensure that you invest a portion of your monthly income in mutual funds. However, you must carefully evaluate your risk appetite before making any investment. This will keep your hard-earned money safe and allow you to obtain profitable returns in the future. In case of any query, you must seek the help of a financial expert. This will help you make a well-informed decision.