IDFC Mutual Fund

IDFC Mutual Funds: An Overview

It is never too late to start investing. With the trend shifting to mutual funds, stocks, and shares, investors are looking to diversify their capital appreciation portfolio with several investment tools. And conveniently enough, a great way to expand your financial corpus over time is to invest in IDFC Mutual Funds. Being one of the major mutual fund players in the market owing to its 69,334 crores of asset value, IDFC has emerged as a safe investment choice. Moreover, IDFC mutual funds have been recipients of numerous awards and recognitions in a short span of time. So let's get down to the nitty-gritty about IDFC Mutual Funds.

Types of IDFC Bank Mutual Funds

Several schemes available today with the IDFC Mutual Funds are carefully created with a balance of associated risk and optimal returns. These schemes have been designed in varying risk ranges, and capital is allocated in equities, debts, and hybrid funds. It is up to the investor to identify the type more suitable for their needs and risk tolerance. The types of IDFC Mutual Funds are as follows:

Closed and Open Funds

Majorly, the IDFC mutual funds can be bifurcated into open-ended and closed-ended funds. The major difference between these two types of IDFC mutual funds is that open-ended funds give investors the freedom to contribute and redeem whenever they want. There will not be any maturity date as well. However, in the case of closed-ended funds, there is no provision for instant redemption of invested funds. Furthermore, they are locked in for a certain period of maturity. 

Equity Funds 

These are the funds where asset managers invest allocated capital into equity-based securities. Equity funds have an associated risk but can potentially offer a higher return as well.

Fixed Income Funds 

A fixed income mutual fund has a similar setup as a fixed deposit where a deposit earns fixed interests throughout the duration. Fixed Income Funds aim to generate income via bonds and securities. 

Debt Funds

Debt Funds are investment tools that allocate capital to fixed-income securities such as corporate bonds, government bonds, corporate debt securities, and so on. Some of the Debt Funds offered by IDFC are as follows.

Hybrid Funds 

These are diversified funds that are allocated on several investment tools such as mutual funds, bonds, corporate funds, debts, etc. This is to increase the dynamics of the portfolio and decrease the dependency on a singular investment tool. Some of the hybrid funds offered by the IDFC mutual funds are as follows.

How Can You Invest In IDFC Mutual Funds? 

Investing in IDFC Mutual Funds is possible via the official website of IDFC Mutual Funds. Furthermore, one can use several third-party platforms to make the capital deployment. One can easily invest by using the online process with these steps mentioned below:

• Go to the official website of IDFC Mutual Funds
• Click on create a new account in case you do not have an account already. 
• There will be a declaration that you will need to acknowledge. This is whether or not you belong to a country listed in the FATF Non-Compliant Person. This is mainly because SEBI imposes restrictions on investors residing in FATF-listed countries. 
• Share your PAN Card Number and date of birth and click on the “Verify button”. 
• The portal automatically takes in the user’s phone number and email address connected with the PAN Card. Click on “Send OTP” and verify your credentials. 
• You will have to generate a username and password and some security questions. 
• Once the account is set up, you must complete your KYC and bank details. 
• After verification, pick your investment watchlist and start contributing.

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Process and Documents to Invest in IDFC Mutual Fund? 

You will need to provide the following documents to move forward with your mutual fund investment.

The Documents to establish your identity is as follows:

• PAN Card 
• Voter Card
• Aadhaar Card
• Driving Licence
• Passport
• Other Government-issued ID card

The Documents to establish your residential address is as follows:

• Voter Card 
• Aadhaar Card
• Ration Card
• Driving Licence
• Passport
• Bank Passbook
• Utility bills with address

You can bypass these document submission processes by using the Urban Money platform for your investment. The KYC procedure from the official website will require you to upload scanned copies of your identity and residential proofs. Furthermore, your signature, a photograph, a live declaration video, a PAN, and any government-issued proof can be an Aadhaar card, a Voter ID card, a driving licence, and a passport. Cut your registration process to a minimum with the Urban Money investment portal. Moreover, per Government regulations, the KYC approval can take up to a minimum of 3-5 working days.