To buy mutual funds in Zerodha, you need to follow these steps:
- Open a Zerodha account: If you don't have a Zerodha account, you need to open one by completing the account opening process. This can be done easily online by providing the required documents and completing the necessary verification.
- Complete your KYC: To invest in mutual funds, you need to complete your KYC (Know Your Customer) process. This involves submitting your identity proof, address proof, and other required documents. Zerodha can assist you in completing the KYC process online.
- Choose a mutual fund: After completing your KYC, you can start exploring the available mutual fund options. Zerodha offers a wide range of mutual funds from different asset management companies. You can analyze the performance, risk factors, expense ratio, and other details of the mutual funds to make an informed decision.
- Use Zerodha Coin: Zerodha's mutual fund platform, called Zerodha Coin, allows you to invest in mutual funds directly. Login to your Zerodha account and access the Coin platform.
- Search for the desired mutual fund: Use the search feature on Zerodha Coin to find the specific mutual fund you want to invest in. You can search by the name of the fund or the fund house.
- Place an order: Once you've chosen the mutual fund, place an order to buy it. Specify the amount you want to invest in the fund and proceed with the order.
- Payment: Zerodha offers various payment options such as net banking, UPI, or through debit card for mutual fund investments. Choose the convenient payment method and complete the transaction.
- Track your investments: After buying the mutual fund, you can track the performance of your investments through your Zerodha account. You can also set up regular investments or SIPs (Systematic Investment Plans) to invest a fixed amount at regular intervals.
Remember that investing in mutual funds involves risks, and it's advisable to consult a financial advisor or do thorough research before making any investment decisions.
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How can I track the performance of my mutual fund investments in Zerodha?
To track the performance of your mutual fund investments in Zerodha, you can follow these steps:
- Log in to your Zerodha account using your credentials.
- From the dashboard, go to the "Coin" section. Coin is Zerodha's mutual fund investment platform.
- In the Coin section, you will find all the mutual funds you have invested in.
- Click on the particular mutual fund you want to track.
- Here, you will find information about the fund's performance, such as its NAV (Net Asset Value), growth rate, past returns, etc.
- You can also view the investment details, like the number of units you hold and the amount invested.
- To keep a track of the fund's performance over time, you can use tools such as Zerodha's portfolio tracker.
- In the portfolio tracker, you can add your mutual fund investments and get an overview of your overall portfolio performance.
- Zerodha also provides regular updates via email and their mobile application regarding your mutual fund investments, NAV updates, dividend payouts, etc.
- Additionally, you can refer to the consolidated account statement (CAS) provided by Zerodha for a detailed summary of your mutual fund investments, including historical performance and transaction details.
Remember to review the performance of your mutual funds regularly but make investment decisions based on your long-term financial goals and risk appetite.
What are the different modes of payment accepted for buying mutual funds on Zerodha?
Zerodha offers multiple modes of payment for buying mutual funds. The different modes accepted are:
- Net Banking: You can transfer funds to Zerodha using the net banking facility of various banks.
- Unified Payment Interface (UPI): You can make payments using UPI apps like Google Pay, PhonePe, and BHIM.
- National Electronic Funds Transfer (NEFT)/Real-Time Gross Settlement (RTGS): You can transfer funds to Zerodha using NEFT or RTGS facility.
- Electronic Funds Transfer (ETF): You can authorize your bank to make an electronic fund transfer to Zerodha.
- Bill Desk (Payment Gateway): Zerodha also provides a payment gateway option through Bill Desk for transferring funds.
It is important to note that Zerodha does not accept cash or cheque payments for mutual fund transactions.
How can I apply for an NFO (New Fund Offer) on Zerodha for mutual funds?
To apply for a New Fund Offer (NFO) on Zerodha for mutual funds, follow these steps:
- Visit the Zerodha website and login to your account using your credentials.
- On the dashboard, click on the 'Console' tab at the top.
- Under 'Console', click on 'Mutual Funds'.
- You will be redirected to Coin, Zerodha's mutual fund investment platform.
- On the Coin platform, click on 'Explore Funds' to search for the NFO you want to invest in.
- Find the NFO you want to invest in and click on 'Invest Now'.
- Fill in the necessary details like amount, investment mode (lump sum or SIP), and bank details.
- Review the details entered and confirm your investment.
- Complete the payment process using the chosen payment method (online transfer, UPI, etc.) as per your comfort.
- Once the payment is done, you will receive an acknowledgment and confirmation of your NFO investment.
Note: Make sure you have completed the KYC (Know Your Customer) process and have sufficient funds available in your trading account for the investment.
