How to invest in SBI mutual fund through Yono SBI?

 

Hello friends in this article we are discussing on how to invest in SBI mutual fund through Yono SBI mobile app. If you are a SBI customer and you are using Yono SBI mobile app then you can easily invest on SBI mutual fund thorugh Yono.

 

Many SBI customers who don’t know about mutual fund investment process and want to invest in SBI mutual fund, they can easily invest in SBIMF using Yono app.

 

It is a simple process. Therefore Yono users need not search for any other website, application or demat account to invest in SBI mutual fund. They can login into Yono SBI app and can make invest easily.

 

On the following steps we are discussing the procedure.

 

How to invest in SBI mutual fund through Yono SBI:

If you have an account in SBI and you have not register in Yono SBI yet, then register in Yono SBI first and then follow the following steps.

 

STEP 1: Go to Yono SBI mobile app and login to your account using your MPIN.

 

STEP 2: As you logged in to your account you will see the dashboard of your account. You will find here some icons. Click on the ‘investment’ icon on this page.

 

STEP 3: You will be redirected to investment page. In this page you will see some links. Click on the link ‘Create a Folio’ here.

 

STEP 4: In this page, “Your PAN is KYC verified” message will be displayed. If you need to verify your KYC, then follow a few simple steps through Aadhaar to verify your KYC.

 

On the end of the page you will see a ‘Create account’ button’. Click on this button here.

 

STEP 5: On this step it will ask you that can they use some information from your SBI account’s profile. If you agreed then on the next page your personal information will be automatically filled. IF you skip it then you need to fill all the details in the next page.

 

Click on the ‘Agree’ button here.

 

STEP 6: You will be on your personal details page. You will find most of the details will prefilled from your SBI account. Enter the details which are not prefilled or enter if some changes to be made. Finally click on ‘Next’ button.

 

STEP 7: Now you will be on other information page. Here you have to enter your occupation, tax status etc.

 

Enter the Occupation as Govt. Service, business, doctor, house wife, other etc. from the drop down menu. Enter the tax status as individual, Select politically exposed person as ‘None’. Select your gross annual income from the drop down menu and finally click on ‘Next’.

 

STEP 8: In this page you need to enter FATCA declaration. Enter your country, birth place and date of birth. Select yes or no if you are tax payer in other country than India.

 

Next you have to enter your nominee details. Enter number of nominee, Name of nominee, date of birth of nominee, relationship with nominee and the percentage of share of nominee. Click on the address same as investor box and finally click on ‘Next’.

 

STEP 9: Here you needs to link your account for mutual fund transaction. Select the account and agree the terms and conditions. Click on ‘Next’ button.

 

STEP 10: An OTP will be received on your registered mobile number. Enter the OTP and click on ‘Submit’.

 

STEP 11: Your Folio number will be created successfully. Your Folio number will also be appeared on the screen. Click on ‘Start Investing’ to start a investment.

 

STEP 12: The fund selection page will be appeared on the screen. Select your fund to be invested. Click on the button ‘Invest Now’ to select the fund.

 

STEP 13: In this page the details of fund will be appeared on the screen. Select the fund option as ‘Regular growth’. Finally click on ‘Invest Now’.

 

STEP 14: A terms and conditions page will appear. Read the terms and conditions and accept them and click on ‘Next’.

 

STEP 15: On this step you have to select what type of investment you want to do. Select Monthly SIP, Quarterly SIP or lumpsum.

 

Enter amount to be invest. Select the start date and end date for SIP. Finally click on ‘Proceed’.

 

STEP 16: Once the selected details on the above steps will be appeared. Agree the terms and conditions and click on ‘Confirm’ on the bottom of the page.

 

STEP 17: An OTP will be received on the registered mobile number. Enter the OTP on this page and click on ‘Submit’.

 

Your investment is successfully registered. Your SIP will be start from the selected date.

 

This is the process how to invest in SBI mutual fund in through Yono SBI. You can watch the following video on this topic.