friends,
1.) Is it necessary to have PAN card for investing in Mutual Funds in India?
2.) Is it necessary to have Depository Participant Account (DP A/c , ie with Sharekhan, Karvy, ICICI direct etc) to invest in Mutual funds?
3.) How can i sell the Mutual fund i purchased?
4.) How will i get returns? Is there dividend?
5.) What is the minimum amount to be invested? What is the average rate of return?
I WILL BE GLAD IF U ANSWER MY Q. I AM SEARCHING FOR IT FOR A LONG TIME…..thanks in advance…
madhesh1988 1:05 pm on July 24, 2010
I am a certified mutual fund distributor so you can trust me
1) it is necessary to have PAN Card to invest in mutual funds
2) there is NO necessary to have DP a/c with any of them
3) you can contact any MF Distributor like me and get things done. you may also contact the sharekhan or karvy or even in netbanking
4) you can get dividends from dividend plan. you can redeem units whenever you want.
returns ranges from 18-50% pa depending on fund
5) it depends on plan any ELSS- rs.500
sbi magnum series- rs.2000
all others rs.5000
you can use SIP from rs.500-2000/month to maximize your returns
parsar 1:05 pm on July 24, 2010
pan card is made compulsary for all investment like mutual fund, dp account and trading account.
to invest in mutual funds u no need to have the dp account
to sell the mutual fund just sign in the redemption column in the mutual fund statement.
IN mutual fund the return is based on the rise in the value of the NAV.
minimum amt is Rs 5000, for one time and for the sip it is Rs.500 / month. the avg rate of return will be 20 % per annum.