What is the procedure to Invest in Mutual Funds?Prospective investors who wish to invest in mutual funds have to contact a distributor/agent of mutual funds. Any good agent/distributor would be able to suggest you the appropriate funds from the plethora of funds available.
The normal procedure is to fill-up the required application form and submit it along with a cheque for the amount of investment. Cheques and Demand Drafts are accepted. Payment by cash is not allowed. The agent/distributor would submit the application form with the cheque to the mutual fund company. The mutual fund company would issue you an Account Statement with 4 working days from the date of investment.
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