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I have an internet banking account with IDBI and UTI can I invest some of my money? |
to various mutual fund through my internet account or do I have to open Demat Account? You can invest without opening a demat account. There is no need for a demat account for investment in mutual fund. But PAN No is now necessary for any investment in Mutual Funds. Pls let me know if you have a PAN Card ? I would prefet for Demat Account only. But don't invest now why means sensex is decreasing now. Open a demat account in uti bank and check daily sensex upto 3 months then start online trading after 3 months onwards. You invest in SBI Magnum. Open Easy trade a/c with SBI and trade on-line. if u have a demat A/C, it is very easy to buy and sell the MF's. And for investment NOW is the right time. And MF investment must be a long term investment.Atleast for 3 yrs. and pls see the history of the fund in whic u r thinking of investing. yes, you can invest in this respected bank, but take suggestion from banks legal ad visor,otherwise you will understand. jaijinendra. yes y can invest your money. and for investing in Mutual Funds u donot need a Dmat account he only document required is Pan Card. U must have a pan card if u want to invest in MF |
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