What is procedure & formalities to invest in mutual funds, kindly enlighten me?

It is surprisingly easy. Just download an app or signup online on a Direct Mutual Fund platform. You basically need a PAN card to start with and the rest can be completely online.

Try the Jama app to see how this can really be done within minutes.

Why direct?
When you invest in direct plans, you get upto 40% more in long term portfolio value by avoiding commissions and brokers.

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