How to Invest in SBI Mutual Fund

Lets Find out How to Invest in SBI Mutual Fund

SBI Mutual Fund is a fund house that is sponsored by State Bank of India. The corporate headquarters of SBI Mutual Fund is located in Mumbai, India. It is a joint venture that includes State Bank of India, which is a renowned public sector bank and multinational of India and Amundi, which is an asset management company located in Europe. So read the article carefully so that you do not miss out any tips about how to invest in SBI mutual fund.

The mutual investment scheme was first initiated by United Trust of India (UTI) in 1963, and 1987 SBI Mutual Fund became the first non-UTI mutual fund in India. This article will help the beginners to know about the different ways of investing in SBI Mutual Fund.

Investing in SBI Mutual Fund online is a natural, quick, and hassle-free process. For beginners, you have to follow three easy steps to start investing in SBI Mutual Fund online:

  • First you have to visit the SBI Mutual Fund website and click on the new investor registration option.
  • Second you need to fill in all the necessary details and check your KYC status.
  • Third you have to generate a portfolio and begin to invest online.

Those who already registered can log in and start investing after providing details related to distributors (if any). The online platform gives you a lot of benefits like making a new purchase, quickly accessing your account, tracking and managing the portfolio anytime anywhere. Most importantly, all the procedures are safe and secured.

Also Read: How to Invest in Direct Mutual Funds for Beginners?
Also Read: How to Invest in Mutual Funds through SIP online?

Go Through the Terms and Conditions

As a responsible and informed investor, you need to read the terms and conditions carefully before accepting them. Multiple investment options will be available for you- Daily and Weekly STP, Fixed End Period SIP, Top-Up SIP, FLEX-Systematic Transfer Plan, and Trigger Facility.

You need to plan your investments properly, and it should be based on your future goals, also remember to calculate the returns of your investment in the future. You can get regular returns from your investments by withdrawing a fixed amount consistently.

Look at the Family Solution Tool

Family Solution Tool is available in the online portal that can help you in planning your investments efficiently. You can also compare the funds to find out the changes in their NAVs as that will help you to make better decisions while investing in different categories of funds.

You also get the facility of chatting online for any help. Apart from the online portal, you can also spend offline by getting in touch with an SBI Mutual Fund Representative and filling up the required forms. You can also utilize them-Easy or Mutual Fund Investment App for dealing with how to invest in SBI mutual fund.

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