Investing in mutual funds offered by Bank of India Mutual Fund is a smart way to accumulate wealth for your financial goals. This can be done in a simple and convenient manner on the Paytm Money app and Paytm Money website. Here are a few steps that you need to follow to invest in mutual funds:
- Step 1: Download the Paytm Money app to complete your KYC & become investment ready within minutes
- Step 2: You can start investing both on our website and App. On top of the home screen, type the name of the respective AMC in the search bar.
- Step 3: On the AMC page, select a mutual fund scheme of your choice. Then tap on ‘Invest Now’.
- Step 4: Select SIP or Lump sum mode and enter the amount of investment. Tap on ‘Proceed to Payment’.
- Step 5: Make a payment using Auto Pay, Netbanking or UPI. Tap again on ‘Proceed to Payment’ to complete the transaction.
It is necessary to have your KYC (Know Your Customer) details verified to invest in mutual funds in India. At Paytm Money, you can get your KYC done in a fully digital and hassle-free manner, and start investing in mutual funds of Bank of India Mutual Fund.
If you are a first-time investor, then you need to submit the following documents:
- PAN Card Details
- Personal Details
- Address Proof
- Bank Account Details
- Nominee & FATCA Declarations
However, if you are an existing investor, then you need to furnish only a few personal & bank account details & you can start investing instantly.
