Within a short span of time and with the help of advancement in technology, a lot of mutual fund apps have been released for making the process of investment easy for the investors. The process is easy and simple. The investor will just have to complete the initial sign up step using their personal credentials such as their name, e-mail and mobile number to get started. The investors will have to complete their KYC verification. These can be done using PAN or Aadhaar card. Once an investor has understood how to invest money in mutual fund, they can directly start with these apps.
A mutual fund investment app offers a lot convenience for investors who wish to make investments into direct plans while on the go. With the help of these apps, the investors can easily track and manage their portfolio. The platform is used to engage more investors from small cities who use these mobile apps, so they will be able to channelize their savings into direct mutual fund plans.
4 reasons for investing through a mutual fund tracker app:
At no point in time is the individual required to send or receive any type of physical documents in paper form. Every exchange made through a mutual fund investment app. Mutual fund apps have made the process of investing in mutual funds easier for the customer, it does not require the investor to submit any type of documents for enrolling to the mutual fund investments.
2. Anywhere, anytime:
Investing in mutual funds through mutual fund apps can be done from anywhere at any time. These mutual fund apps allow the investors to make changes to their investments or check up on the investments at any given time. A mutual fund investment app will allow the investors to buy, research, monitor and sell the mutual funds from anywhere in the world, the investor just needs an internet connection in their device.
3. Completely safe:
The mutual funds apps are completely safe and offer complete security. The investor’s money will remain in completely safe hands. Every piece of information that is provided by the investor will remain completely secure and no other individual will be able to access this private information other than the investor.
The investor will not have to fill any type of lengthy forms or provide any type of passport sized photos. The mutual fund apps are easy to use and are not at all complex for an investor to understand. The investor will just have to provide the basic details for using the mutual fund app.
Swarali Chavan is a finance professor. In her free time, she reads upon and studies about market investment instruments. She has spent considerable time researching onmutual fund investment app. In this article, she has listed 4 reasons to invest in mutual funds via apps