How to apply for a Mutual Fund with Citi
If your knowledge of mutual funds begins and ends with the disclaimer: "Mutual fund investments are subject to market risks. Please read the offer document carefully before investing", you have come to the right place.
Brush up on mutual funds basics and achieve your financial goals more easily through systematic saving and simultaneous participation in the financial markets.
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What is a Mutual Fund?
A Mutual Fund is simply a way to pool resources by issuing units to investors and investing funds in securities as disclosed in the offer document. These investments are spread across a wide cross-section of industries and sectors to reduce the risk involved. The investors are known as unitholders. The profits or losses shared by them are in proportion to their investments.Mutual Funds normally come out with a number of schemes with different investment objectives, launched from time to time. A Mutual Fund has to be registered with Securities and Exchange Board of India (SEBI) that regulates securities markets, before it can collect funds from the public.
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Why should I invest in Mutual Funds distributed by Citi?
Citi is one of the largest financial services providers in the world, based in New York, USA. With offices in over 160 countries and territories, today it provides investment management to clients all over the world. It is our belief that investors differ in their investment needs based on their personal financial goals. It is recommended that you should, at the very beginning, identify your own financial goals, be it planning for a comfortable retired life or children's education. After defining the financial goals, you need to plan for them in an organised manner and look at investments that help achieve these goals. Citi distributes a wide range of mutual funds that can help you achieve your investment objectives.
Here are the top reasons to invest in Mutual Funds distributed by Citibank:
- Hand-picked by experts – Whether a learner or a regular at investing, you can benefit from the knowledge and expertise of a professional. When you invest in Mutual Funds distributed by Citi, you enjoy the advantage of our extensive research, and a rigorous selection process.
- Professionally managed for optimal performance – Enjoy the advantage of having the funds you invest in, continuously monitored.
- Diversified to significantly lower your risk – Have your investment spread across various industries and geographic regions. This is intelligent investing as it is an extremely rare possibility for all your investments to decline at the same time and in the same proportion.
- 24x7 access to CitiPhone, Citi Mobile App and Citibank Online – View your account and transact conveniently from anywhere, anytime.*
- CitiChoice – Citi recommended funds shortlisted via specific quantitative and qualitative methods in line with the various risk profiles.
*While placing an order, the NAV of the fund is captured basis the cut-off time for different fund types.
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How can I apply for a Mutual Fund distributed by Citi?
You can invest in Mutual funds distributed by Citi if you hold an Investment Services account with Citi.
Channels –
Citibank Online*
- Log on to Citibank Online
- Click on INVESTMENTS in top tab
- Select Mutual Funds Account Number
- Click on BUY MUTUAL FUNDS
Mobile*
- Log in to the Citi Mobile app
- Click on INVESTMENTS tab
- On the account summary page, click on TRANSACT NOW
- Click on BUY MUTUAL FUNDS
*Please note that you will be able to execute only incremental transactions to a fund house in which you already have holdings on Citibank Online/Mobile
Existing Citi CASA (Current Account Savings Account) holders can begin to invest with Citi in few easy steps:
- Submit an Investment Services Account Opening form by submitting a simple form at the nearest Citibank branch. The form is available here.
- Complete your KYC by submitting a KYC form that ensures you are KYC compliant for investment transactions, at the nearest Citibank branch. The form is available here.
- Once your account is opened, you can update your Investment Risk Profile on Citibank Online. You can also do so by completing the Risk Profile Questionnaire and submitting it at the nearest Citibank branch. The form is available here.
- You are now ready to invest via Citi!
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How to invest with Citi if you do not hold a CASA account with Citi yet?
To invest with us, you will need a Citibank Savings Account. Opening a savings account with us is a quick and easy process. You can start by choosing an account that suits your purpose.