Old Bridge Mutual Fund

How to Invest in Old Bridge Mutual Fund

Eligibility:

 

In order to invest in Old Bridge Mutual Fund schemes you must fulfill either of the following eligibility criteria:

• Must be Individuals of 18 years and above with having their domicile in India.

   

• Indian Partnership Firms and Hindu Undivided Family (HUF) must be represented by the Karta.

   

• Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs) must have the approval of the Reserve Bank of India (RBI).

   

• Association of Person (AOP) /Body of Individuals (BOI), Public Sector Undertakings, Body Corporates, and societies, must be authorized as under the Societies Registration Act, 1860

   

• Religious, charitable, and private trusts, must adhere to the provision of the Income Tax Act, 1961 read with the Income Tax Rules, 1962

   

• Trustee of private trusts, must have been permitted to contribute to the mutual fund schemes as per their trust deed.

   

  Prerequisite Documentation:

   

• The applicant must have an existing bank account.

• The applicant must be KYC Compliant.

• The applicant’s Savings Bank Account status must be preferably Single or Either/Survivor.

• The applicant must sign the Account Opening Application Form in case he intends to invest directly through a Bank account.

   

Investing in Old Bridge Mutual Fund via INDmoney:

Investing in Old Bridge Mutual Fund schemes through INDmoney is a seamless and cost-effective process designed with you in mind.

 

Here's how you can get started:

 

Step 1: Set Up Your INDmoney Account: To begin, make sure you have an active INDmoney account. If not, download the INDmoney app for a smooth onboarding experience.

 

Step 2: Complete Your KYC: Log in or sign in to your INDmoney account and complete the KYC process. Ensure you have valid documents like your PAN card, Aadhaar card, Voter ID, or driving license handy.

 

Step 3: Link Your Bank Account: Connect your bank account to your INDmoney account for easy transactions.

 

Step 4: Select Your Preferred Mutual Fund Scheme: Browse and choose from a range of Old Bridge Mutual Fund schemes. INDmoney provides comprehensive tools to help you compare schemes, considering factors like risk-return ratio and past market trends.

 

Step 5: Choose Your Payment Method: Decide whether you want to invest through a Systematic Investment Plan (SIP) or a one-time lump sum amount. Rest assured, INDmoney does not charge you any transaction fees, ensuring a cost-effective investment experience.

 

Step 6: Receive Your Mutual Fund Units: After your investment, you'll be allocated Old Bridge Mutual Fund units based on your chosen scheme, investment amount, and the Net Asset Value (NAV) at the cut-off time. This typically takes 3-4 working days.

Points to consider before Investing in Old Bridge Mutual Funds

Before diving into Old Bridge Mutual Funds, consider these crucial points to make informed investment decisions:

 

Diversification for Optimal Returns: Strike a balance between overly diversified and too-concentrated funds. Look for schemes that promise long-term returns across a wide spectrum of options.

 

Align Investments with Goals, Not Trends: Base your investment choices on your financial goals, not fleeting market trends. Choose a scheme that matches your desired investment duration and financial objectives.

 

Beat Inflation with Returns: Ensure that the chosen plan has the potential to outpace inflation in the future. Some high-return funds might not effectively counter the impact of inflation, considering the time-value of money.

 

Liquidity for Short-Term Gains: If considering short-term investments, opt for plans with high liquidity and easy withdrawal options. Be cautious about funds that come with exit loads, as they could eat into your gains.

 

Assess Risk Tolerance: Evaluate your risk tolerance carefully. Stay vigilant about market fluctuations to avoid potential losses when investing in any Old Bridge Mutual Fund scheme.

 

Tax-Efficient Investing with ELSS: For those looking to minimize tax liabilities, explore tax-advantaged funds like ELSS mutual funds. These can help you stay clear of higher tax brackets while investing.

 

Additionally, with the simplicity of Systematic Investment Plans (SIPs), you can invest your funds effortlessly at intervals that suit you—be it monthly, quarterly, or annually. Remember to review and adjust your SIP plan in line with your financial commitments and goals. This way, you can navigate the investment landscape, even in volatile market conditions, ensuring your investments stay on track.