{"id":1432,"date":"2024-04-23T09:39:26","date_gmt":"2024-04-23T09:39:26","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=1432"},"modified":"2026-03-02T19:25:53","modified_gmt":"2026-03-02T19:25:53","slug":"what-is-the-procedure-of-investing-in-mutual-funds-with-all-the-relevant-details-in-laymans-terms","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/23\/what-is-the-procedure-of-investing-in-mutual-funds-with-all-the-relevant-details-in-laymans-terms\/","title":{"rendered":"What is the procedure of investing in mutual funds with all the relevant details in layman’s terms?"},"content":{"rendered":"\n

It is quite simple and can be done in minutes using your mobile phone!<\/p>\n\n\n\n

  1. You open an account with the mutual fund (can be done online in minutes).<\/li>
  2. Your PAN number is required to check if KYC (Know Your Customer) is completed by the fund house. If not, an eKYC can be done using OTP (linked to Aadhaar number).<\/li>
  3. You select a fund based on what you want to achieve in life \ud83d\ude42 Build serious long term wealth, save taxes or just park cash.<\/li>
  4. You make a secure online payment to the mutual fund.<\/li>
  5. Wait for 1\u20132 days for the units to get allocated.<\/li>
  6. Watch your portfolio grow in your app.<\/li><\/ol>\n\n\n\n

    To see how this works live, go to\u00a0jamawealth.com<\/a>\u00a0and signup or download the mobile app.<\/p>\n\n\n\n\n

    \n

    Maxiom Wealth \u2014 Free Tool<\/p>\n

    Is Your Mutual Fund Working Hard Enough?<\/h3>\n

    Two funds with similar star ratings can deliver very different outcomes. Use our fund comparison tool to check if you’re in the right scheme for your risk profile and investment horizon.<\/p>\n Compare Funds \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

    It is quite simple and can be done in minutes using your mobile phone! You open an account with the mutual fund (can be done online in minutes). Your PAN number is required to check if KYC (Know Your Customer) is completed by the fund house. If not, an eKYC can be done using OTP… Read More »What is the procedure of investing in mutual funds with all the relevant details in layman’s terms?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[200,38],"tags":[],"class_list":["post-1432","post","type-post","status-publish","format-standard","hentry","category-investing-for-beginners-mutual-funds","category-mutual-funds"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1432"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1432\/revisions"}],"predecessor-version":[{"id":3510,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1432\/revisions\/3510"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}