Opening an NJ Wealth Account for Mutual Fund Investment

 how do we open the nj wealth account for buying mutual funds and not shares, i do not wish pay amc





Opening an NJ Wealth Account for Mutual Fund Investment

NJ Wealth

is a popular platform for investing in mutual funds in India. Here's a general guide on how to open an account and invest without paying an AMC (Asset Management Company) fee:  

1. What is NJ Wealth | A Reliable E-Wealth Mutual Fund Account
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www.njwealth.in

1. Visit the NJ Wealth Website:

2. Create an Account:

  • Click on the "Open Account" or "Sign Up" button.
  • Follow the on-screen instructions to provide your personal and financial information.

3. Verify Your Account:

4. Fund Your Account:

  • Once your account is verified, you can fund it by linking your bank account. This allows you to transfer money directly to your NJ Wealth account for investment.

5. Choose Mutual Funds:

6. Invest:

  • Select the desired mutual fund and specify the amount you want to invest.
  • Confirm your investment and complete the transaction.

Important Note:

  • No AMC Fees: While you won't directly pay an AMC fee to NJ Wealth, the mutual funds you invest in will have their own AMC fees. These fees are deducted from the fund's NAV (Net Asset Value) and are reflected in the fund's performance.
  • Direct vs. Regular Plans: Many mutual funds offer both direct and regular plans. Direct plans have lower expense ratios, meaning you pay less in fees. NJ Wealth might offer direct plans, so be sure to inquire about them.  

Remember:

  • Consult a Financial Advisor: Before making any investment decisions, it's advisable to consult with a financial advisor to understand your specific needs and risk tolerance.
  • Read the Fund's Prospectus: Always carefully read the prospectus of any mutual fund you're considering to understand its investment objectives, risks, and performance history.

By following these steps, you can open an NJ Wealth account and start investing in mutual funds without directly paying an AMC fee

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