Is it safe to invest through Mutual Fund Apps| North Loop Official Blog
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North Loop
03 Nov 2020

Is it safe to invest through Mutual Fund Apps

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The evolution of technology has brought about a lot of changes in our everyday lives and the internet, which used to be a fall under a very niche category, is an indispensable part of our lives today.
From ordering daily groceries to investing in stocks and mutual funds, the traditional ways of going about our daily lives have caught up with the changing times, leaving the internet with almost no room for limitations in terms of what can be done over the same. The future prospects of the internet seem endless and very exciting.

That brings us to the main question- Is it safe to invest through Mutual Funds Apps?

Our answer to that would be a big yes. In fact, investing in mutual funds through apps can offer more convenience and reliability and assure security to users.
The more traditional ways of investing in Mutual Funds were always a hassle, right from registering, investing to selling. Investors were required to fill in a lot of paperwork and stand in long queues to get the same verified, but now with the introduction of mutual funds through apps, the whole process of investing has become more simplified and hassle-free.

Why Invest in Mutual Funds through apps?

Mutual fund apps are preferred over traditional forms of investment. Here’s why-

  • Paperless KYC- Investing in mutual funds requires one to undergo a procedure known as KYC (Know Your Customer), which can be done completely online without the requirement of providing any physical documents.

  • Hassle-free opening of account- With just minimal paperwork, opening an account through an online distributor can be a completely hassle-free process.

  • Access to your mutual funds, anytime and anywhere- With the help of the online mutual apps, one can access their funds from anywhere through just a smartphone, Tab, or PC.

  • Safe and Secure- Online mutual fund apps provide safety and security through 256-bit encryption.

  • Payments are completely safe- All payments made to and from AMCs at the time of investing are just facilitated by apps. Payments are made through the official BSE payment gateway, meaning money does not reach anyone else apart from the AMCs at any stage.

Start investing for free with North Loop and get personalized recommendations

Why In invest in North Loop?

You can invest in mutual funds offered by North Loop. Here’s why we stand out from other platforms-

  • Carefully Handpicked mutual funds

  • Round-Up Investing

  • Automated Set of rules and goals

  • Strong Security (256-bit encryption monitored 24/7)

  • Utmost convenience through the North Loop App

  • All payments facilitated through the BSE payment gateway.

  • North Loop is regulated by AMFI (Association of Mutual Funds in India).

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.