# Your first purchase on a fund house website

Opening a folio with a fund house takes a few minutes with your PAN, KYC and a bank account.

Full page: https://discovermf.com/guides/first-purchase-on-fund-house-website
Last checked 1 Nov 2026, from DiscoverMF.

## Open the account

1. Go to the fund house's website or app and choose **New investor**.
2. Enter your PAN. The site checks your KYC with the KYC registration agencies. If KYC is not done, most fund houses let you complete it online with Aadhaar.
3. Enter or confirm your mobile number and email, and verify each with an OTP.
4. Add your bank account. Some sites check it with a ₹1 credit.
5. Add a nominee, or choose to opt out. [Nominees](https://discovermf.com/guides/mutual-fund-nominee) explains the choice.

## Make the investment

1. Pick the scheme, the plan, and **Growth** or **IDCW**.
2. Enter the amount. Each fund has a minimum, often ₹100 to ₹5,000 for a one-time purchase; every fund page here shows it.
3. Pay by UPI or net banking.
4. Keep the confirmation. It shows your **folio number**, the fund house's account number for you.

## After the first purchase

Every later purchase in the same fund house goes into the same folio with a couple of taps. Funds from other fund houses need an account with each of them, or a single account on [MF Central](https://discovermf.com/guides/mf-central) or [MF Utilities](https://discovermf.com/guides/mf-utilities).

## Questions

### How long does it take for the units to show?

Usually one or two business days after the money reaches the fund.

### Can I buy for my child?

Yes, in the child's name as a minor's folio, with you as guardian. The fund house will ask for proof of the child's age and your relationship.