How To Invest in NFO Mutual Fund Through App?

 


Investing in a New Fund Offer (NFO) through an app like Bajaj Finserv can be a straightforward process. NFOs are mutual fund offerings that are launched for the first time by asset management companies (AMCs). Here’s a step-by-step guide to help you invest in NFOs through the Bajaj Finserv app:


Step-by-Step Guide to Investing in NFO Mutual Funds via Bajaj Finserv App

1. Download and Install the Bajaj Finserv App

  • Android Users: Go to the Google Play Store, search for "Bajaj Finserv," and install the app.
  • iOS Users: Visit the Apple App Store, search for "Bajaj Finserv," and install the app.

2. Sign Up or Log In

  • Open the app.
  • Sign up if you are a new user by providing the necessary details.
  • Log in using your credentials if you are an existing user.

3. Complete KYC (Know Your Customer)

  • Ensure your KYC is completed. This is required for investing in mutual funds.
  • The app will guide you through the KYC process, typically needing your PAN card, Aadhaar card, and a photograph.

4. Navigate to the Mutual Funds Section

  • Once logged in, go to the “Investments” or “Mutual Funds” section.

5. Locate the NFO Section

  • Within the Mutual Funds section, look for a tab or category specifically for NFOs (New Fund Offers).

6. Browse Available NFOs

  • Browse through the list of available NFOs. You will see details such as the fund house, type of fund, investment objectives, and offer period.
  • Review the NFO details to understand the fund’s investment strategy, risk level, and potential returns.

7. Select the NFO to Invest In

  • Choose the NFO you wish to invest in.
  • Click on the NFO to see more detailed information and the investment options.

8. Enter Investment Details

  • Decide on the amount you want to invest in the NFO.
  • Note that NFOs typically have a minimum investment amount which will be specified.

9. Review and Confirm Investment

  • Review the investment details, including the amount and payment method.
  • Confirm your investment after ensuring all details are correct.

10. Make the Payment

  • Proceed to the payment gateway to complete the investment.
  • Use available payment methods such as net banking, UPI, debit card, etc.

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