11 replies on this article “Buying mutual funds online through invest@ease icicibank”

1. Kalpana says:

   February 10, 2017 at 12:12 pm

   I checked and invest@ease dont offer direct plans but only regular plans which are expensive. Whereas fundsIndia offer both the plans.

   Reply
2. shreyas s says:

   May 18, 2011 at 10:21 pm

   Just an update. Registered through fundsindia. Totally hassle free setup. I applied to both Invest@ease and funds india at the same time. Funds India was up and running in 2 days flat. Still to hear from icici.

   You guys now know where my SIP goes 🙂

   Reply
   1. sanjay says:

      October 16, 2015 at 12:49 pm

      can you send me the link where I can know the charges applicable on lumsum or sip investment in case of

      icici banks’s invest@ease.

      I am not able to find it on net.

      Reply
      1. Manish Chauhan says:

         October 18, 2015 at 10:33 am

         I suggest talk to ICICI Customer care on this .

         Reply
3. Anand says:

   May 11, 2011 at 3:30 pm

   Don’t pay a single paisa as brokerage. Go direct to mutual fund AMC or fundsindia. The paperwork with fundsindia is a one time activity.

   Be ready for addition of yearly maintenance charges next year onwards. Remember that they reserve the right to revise the fee structure.

   Reply
   1. shreyas s says:

      May 11, 2011 at 3:41 pm

      Anand,

      I checked out the T&C’s in fundsindia. Even they reserve the right to revise the fee.

      ” While, currently, all mutual fund related transactions done using the FundsIndia platform are free of transaction charges, WIFS reserves
      the right to change the fee schedule in future. ”

      So I guess, best is to be safe go directly to the AMC only if that’s a point of concern.

      Reply
4. Jagadees says:

   May 11, 2011 at 5:21 am

   @shreyas

   Instead going through all this troubles and hoping for the best, why dont you go for the fundsindia platform itself? any specific preferrence??

   Regards
   Jagadees

   Reply
   1. shreyas s says:

      May 11, 2011 at 11:20 am

      Just because of the fact that I’m an ICICI customer and going for this option will simplify things for me as it is linked directly to account etc. No need of additional paperwork and no need to open a new account with Fundsindia.

      Reply
5. shreyas s says:

   May 10, 2011 at 4:38 pm

   Hi Ramesh,

   Thanks for the reply. In case of lumpsums, can we do it directly with the fund house to avoid those charges – Anyway I presume ICICI will provide a folio number for the same.

   So, can we do the following:

   1. Register with them and start SIPs.
   2. If you have lumpsum to invest, just go to the fund house quote the folio number and invest thereby avoiding the 200 Rs or 1% charge.

   This should be fine right?

   I hope I don’t run into trouble in future 🙂

   Reply
6. Ramesh says:

   May 10, 2011 at 4:22 pm

   The charges have been explained on this page.

   http://icicibank.com/Personal-Banking/investments/mutual-funds/disclosure.html

   1. They charge Rs 200/ 1% of investment on lumpsums and STP into equity funds.
   2. While, there are no charges in SIPs in equity funds, and investments in hybrid / debt funds.

   Will have to look which fund houses are supported.
   Overall, it is not a bad option.

   Reply
   1. smilingpunit says:

      December 27, 2011 at 10:45 pm

      The Charges have been removed effective August 2011 , Now a transaction fee may be charged which is a one time fee of rs 100 or rs 150 which is taken by every broker , sub- broker or a bank.That is The Fee that has been negotiated by the various asset management companies with SEBI.
      So go ahead and use Invest@Ease its easy and its very easy to track, redeem and switch your Investments.

      Reply

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