# Need to open a demat account or online account to start investing in a Mutual Fund

KYC is an acronym for "Know Your Customer", a term commonly used for Customer Identification Process. Know Your Customer (KYC) norms are now mandatory for all applicants/investors (including existing investors and joint holders) to make investments in mutual fund irrespective of the amount of investment.

Thus to invest in Mutual Funds you do not need a demat or online account but need to be KYC compliant. Later you should fill a form attach the cheque for the amount you are willing to invest and it is done.

Once everything is processed you will receive a statement reflecting the details of your made investment.

READ MORE: Lead An Independent Retired Life With These Sound Options

Rate Cut To Take Some Time, Say Bankers