Invest lump sum amount in SBI mutual fund using SBIMF mobile app?

 

Hi friends, in this video we are discussing about the process ‘invest lump sum amount in SBI mutual fund using SBIMF mobile app’. Peoples search the easiest process to do investment online and the process should be a safest one. In such conditions people want to go online. But they want to make investment. They can’t go to any branch due to work pressure.

 

Don’t worry we are discussing the safe and genuine process of investing lump sum amount in SBI mutual fund online. If you wish to use this process then you have to register yourself in www.sbimf.com. After register in SBIMF you can invest online through SBI mutual fund website or mobile application.

 

In this blog we are discussing the process how to invest lump sum amount in SBI mutual fund through SBIMF mobile application. We have described the process of investing lump sum amount under existing SIP.

 

Invest lump sum amount in SBI mutual fund through mobile app:

Before investing lump sum amount in SBI mutual fund online you must be registered with SBI mutual fund. After register you can invest in a new fund or under the existing investment. Follow the following steps to invest lump sum amount in SBI mutual fund online.

 

STEP 1: Go to your SBI mutual fund mobile application and open the application. Now you have to login to your account using MPIN or user name and password. Log in to your account now.

 

STEP 2: In this page you will see your portfolio and existing investments. You will also see an option ‘new investment’. Click on this option.

 

STEP 3: A new page will open, here your portfolio number and name will appear. Select the advisor details as ‘Direct’ then select the fund name from the list of the SBI mutual funds. Another two options will be shown on the page one is ‘Growth’ another is ‘Dividend’. Select the option of your choice.

 

Now select the investment option as ‘Lump sum’ and then enter the amount of investment. After entering the amount click on ‘proceed to pay’ option.

 

STEP 4: In this step you will see your entered payment amount. Here you need to select your bank and account number. You will see the account number which you have already added at the time of your existing portfolio.

 

After selecting the bank account you need to select mode of investment as net banking, UPI and RTGS. Then accept the terms and conditions and click on ‘submit’.

 

STEP 5: Another page will open. Here your investing details will be appeared. You need to make confirmation of the details. Check the details once again and if all is OK then click on ‘confirm’ button.

 

STEP 6: If you are investing after the cut off timings a pop up massage will be appeared. It says that ‘You are about the nearest post cut off time. NAV applied will be of next business day. Do you wish to continue?’ Click the option OK.

 

STEP 7: Now you are redirect to the payment page of your selected payment option. Complete the payment using your selected payment option.

 

STEP 8: Now after successful payment you will be allotted NAV depending upon the cut off timings. But the amount will be reflect in your account after two or three days.

This whole process described on the above description is also described in the following video. If you like the live tutorials then you can watch the following video and get the visual experience of the process how to invest lump sum amount in SBI mutual fund using SBIMF mobile app under an existing SIP investment.