Sbi Mutual Fund Kyc: Fill & Download for Free

Good Question!!In Current situations every one has to learn about mutual funds, every one has to start investing in mutual funds ,because it is the place where we can plan for retirement, children education, marriage, and many more…We can learn through books, online sties, you tube, etc.., i would like to tell shortly about mutual funds, what i know!Pic source google:Concept of Mutual Fund :Mutual fund is a vehicle to mobilize money from investors, to invest in different markets and securities , in line with the investment objectives agreed upon, between the mutual fund and the investors.Their primary role is to assist investors in earning an income or building their wealth by participating in the opportunities available in various securities and markets.Pic source google:Therefore, the mutual fund offers schemes, in the industry , the words ‘fund’ and ‘scheme’ are used inter changeably . various categories of schemes are called “funds”. However, wherever a difference is required to be drawn , the scheme offering entity is referred to as “mutual fund” or “the fund”.Higher employment , income and output in the economy boost the revenue collection of the government through taxes and other means. when these are spent prudently . it promotes further economic development and nation building.Investments can be said to have been handled profitably , if the following profitability metric is positive.+ Interest Income+ Dividend Income+Realized capital gains+Valuation gains- Realized capital Losses- Valuation Losses-Scheme expensesThe relative size of mutual fund companies is assessed by their assets under management (AUM). When a scheme is launched, assets under management would be the amount mobilized from investors. Thereafter , if the scheme has a positive profitability metric, its AUM goes up, a negative profitability metric will pull it down.Advantage of Mutual Funds for Investors:Professional ManagementAffordable Portfolio Diversification : A small investment of Rs 500 in a mutual fund scheme can give investors ownership of a portion of a diversified investment portfolio.Economies of ScaleLiquidityTax DeferralTax Benefits : Specific schemes of mutual funds ( Equity linked savings schemes) ELSS gives investors the benefits of deduction of the amount subscribed from their income that is liable to tax.Convenient OptionsInvestment ComfortRegulatory ComfortSystematic approach to investmentsLimitations of Mutual Funds:Lack of Portfolio customizationChoice overloadNo control over costsTypes of Funds:Open Ended Funds: are open for investors to enter or exit at any time. even after the NFO (New fund offer)Closed Ended Funds: have a fixed maturity, investors can buy units of a close- ended scheme, from the fund, only during its NFOInterval Funds: combine features of both open - ended and close- ended schemes , they are largely close- ended, but become open ended at pre- specified intervals.Let us understand the various agencies , by taking the example of the constitution of SBI Mutual Fund.Mutual Fund Trustee —— SBI Mutual fundSponser ——- State Bank of IndiaTrustee ——-SBI Mutual Fund Trustee Company Private LimitedAMC ——-SBI Funds Management Private LimitedCustodian —— HDFC Bank limited, SBI-SG Global Securities Services Private Limited , Bank of Nova ScotiaThe benefit of Mutual funds is we can start with small amount of Rs 500/- also (SIP) Systematic Investment Plan.My advice is who wants to invest in mutual funds, invest for Long period of time, it results in better Interest!!!If you KYC registration done, you can invest directly through online , UTI MUTUAL FUNDS.If you don’t want to pay commission to broker, then its better to go with Zerodha Coin.We can use in two ways we can invest in Equity and we can invest directly in Mutual funds with out any broker.Pic source google:Zerodha Coin is platform that lets you by mutual funds online, with no commission passback, directly from asset management companies, your mutual funds, stocks, currencies , bonds and more all in your demat in one place .Zerodha Discount Broker offer FREE brokerage on Investments or Delivery and F&O and Intraday are with very low brokerage (0.01% or Rs 20 per executed order , which ever is low) and place where we can learn stock market lessons.Open an online trading and demat account with Zerodha and enjoy the lowest brokerageHappy Investing in Mutual funds without Broker!!Thank you!!

Yes. However, there are different rules for US/Canada NRI’s and the rest of the world NRI’s.First, let’s discuss mutual fund investment for “Rest of the world” NRI’sRest of the world NRI can invest in any mutual fund.The first step is to open an NRE/NRO account and get the KYC done.Difference between NRE and NRO account: NRE account is tax-free whereas NRO account is taxable. It means you don’t need to pay tax on money transferred from a foreign country to an NRE account.However, if you have an income in India, you need to open an NRO account and it will be taxed according to the normal tax slab.So NRE account is for money transferred from foreign to Indian account and NRO account for income earned in India.(Note: A lot of NRIs make a mistake of not opening NRE/NRO account and they directly transfer the money in their normal Indian account. Please note that money transferred to normal Indian account is considered as income and becomes taxable. It means you have to pay double tax in the current country and in India.)Once the account is set up and KYC is done, you can start investing directly without paying any commission.However, there are restrictions for US/Canada NRIs.They can only invest in specific mutual funds. Below is the list of eligible funds:Birla Sun Life Mutual FundSBI Mutual FundUTI Mutual FundICICI Prudential Mutual FundDHFL Pramerica Mutual FundL&T Mutual FundPPFAS Mutual FundSundaram Mutual Fund(Source: economic times)The starting process is the same. It means first open NRE/NRO account based on income earned in US/Canada or India and then get your KYC done. Once the KYC is done, you can either invest directly by creating an account in the mentioned mutual fund house or use 3rd party platform for investment.Considering the restrictions on mutual funds, I would also recommend opening a trading account from a platform like Zerodha where you can invest in ETFs. ETFs are a type of Index funds but can be traded. They are also a great option to invest money.So the investment would be a mix of mutual funds (active and passive) and ETFs.Thanks.(For any specific question, you can ping me on Quora)

I have invested using the Kuvera app, here’s my experienceIt takes a while to complete the KYC and have Kuvera setup as a biller with your bank. You can only start investing after thatKuvera has an excellent easy to use and intuitive app. Selecting funds and setting up the SIP is a breezeUnlike Zerodha Coin, the SIP is set-up with the Mutual Fund house and is not treated as a new investment every month. This helps when a mutual fund stops accepting new entrants, and only allows existing customers to continue with their SIP (eg SBI Small Cap Fund)The dashboard is simple and very effective to understand your profit/loss in absolute terms and %age. In addition they also indicate XIRR (XIRR or extended internal rate of return is a measure of return used when multiple investments (at different points in time) are made in a financial instrument.)It can be accessed by app as well as on web.This is a zero cost platform i.e. they charge you no fees for accessing their platform. I’m still not convinced on their business model though.The investments reside with the mutual fund house, so you don’t have to sweat if Kuvera goes bust i.e. your investments are safe.Customer service is too good. They respond to your mails and also your suggestions. In fact, I have had email exchange with their CEO, Gaurav Rastogi, who appears to be a smart and driven person. The other team members are also polite and responsive.They have promised that they will not share customer specific data with third partiesAll in all, I am pleased with Kuvera and have actively started using their platform for my Mutual Fund investment needs, though it took some time to get my account up and running.