September 26, 2007

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?

  1. 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 ?
  2. 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
  3. 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.
  4. yes, you can invest in this respected bank, but take suggestion from banks legal ad visor,otherwise you will understand. jaijinendra.
  5. You invest in SBI Magnum. Open Easy trade a/c with SBI and trade on-line.
  6. 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.

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