13 replies on this article “Can I change bank account from where SIP goes in 5 AMC’s in one go ?”

1. SIVA PRASAD RAVIRALA says:

   March 10, 2014 at 6:39 am

   Thanks for your support Ashal.

   SIVA PRASAD

   Reply
2. ashalanshu says:

   March 9, 2014 at 5:37 pm

   Dear Siva, OK. If you are comfortable with this approach, so be it.

   Thanks

   Ashal

   Reply
3. SIVA PRASAD RAVIRALA says:

   March 9, 2014 at 2:20 pm

   Dear Ashal,

   Reasons for selecting 2 funds.
   1. As you mentioned, if one fund outperforms, another will underperform. If I select only one fund, it may underperform or outperform, though I will select after research. As you know, Past performance does not guarantee future performance. So for safety side, I selected two funds in each category. You may ask why 2, why not 3 or more. In my view more than 2 means over diversifying.
   2. Iam not diversifying among stocks, I am diversifying among fund managers.

   Please let me know your views.

   Thank You
   SIVA PRASAD

   Reply
4. ashalanshu says:

   March 9, 2014 at 8:52 am

   Dear Siva, I w’d still prefer a lean and mean portfolio. Sample this – out of your 2 large cap fund, one ‘ll always under perform than the other one. Some times, fund A and sometimes fund B. Also check the underlying portfolio. Are you really diversified among stocks or just holding same stocks with different %age?

   Thanks

   Ashal

   Reply
5. SIVA PRASAD RAVIRALA says:

   March 8, 2014 at 9:04 pm

   Dear Ashal,

   My funds are as per category.

   Large cap-2 Funds
   Large&Midcap-2 Funds
   Midcap&Smallcap-2Funds
   FMCG-1 Stopped as of now
   Gold fund-1
   ELSS-2 Funds-I started initially in Canara Robeco, but later to invest in Direct Fund, there is no facility to initiate SIP Online. Hence I had to chose another fund-Axis LT Equity.

   And Iam going to add one International Fund-ICICI US Bluechip or Franklin India

   Your views are invited.

   Thank you

   SIVA PRASAD

   Reply
6. ashalanshu says:

   March 8, 2014 at 12:05 am

   Dear Siva, is it not the time to prune down your fund list?

   Thanks

   Ashal

   Reply
7. SIVA PRASAD RAVIRALA says:

   March 7, 2014 at 10:50 pm

   THANK YOU TO ALL

   Reply
8. Hemanth Chandra says:

   March 6, 2014 at 12:32 pm

   Hi Siva,

   Check below link of CAMS if the prvious one is not working

   http://www.camsonline.com

   Reply
9. Hemanth Chandra says:

   March 6, 2014 at 12:30 pm

   These are the links from Karvy, CAMS. Check for your AMC here.

   http://www.karvycomputershare.com/aboutus/ourcredentials.aspx

   http://www.camsonline.com/InvestorServices/COL_ISMutualFunds.aspx

   Reply
10. SIVA PRASAD RAVIRALA says:

    March 6, 2014 at 7:14 am

    Thanks to all.

    Ashal-Actualy it is 7 different AMCs.
    How to know the name of registrar of these AMCs.
    1. FRANKLIN-1 FUND
    2. HDFC-1 FUND
    3. ICICI-2 FUNDS
    4. SBI-2 FUNDS
    5. AXIS-1 FUND
    6. CANARA-1 FUND
    7. QUANTUM-2 FUNDS

    Thank you
    SIVA PRASAD

    Reply
11. ashalanshu says:

    March 6, 2014 at 6:29 am

    Dear SIVA, is it 5 different AMCs or 5 different funds?

    Thanks

    Ashal

    Reply
12. Hemanth Chandra says:

    March 5, 2014 at 10:36 pm

    Yes, you have to submit individual form at all AMCs. If the 5 AMCs that you have invested have CAMS as their registrar, you can go to CAMS and submit 5 forms of the all AMCs at a time. If some of them have Karvy as registrar, you have to do the same at Karvy.

    Reply
13. arjunp3000 says:

    March 5, 2014 at 5:13 pm

    Hi Siva,

    Alot of investors face this problem. If you have been investing directly with the AMC then there is no single form to change your bank account information with all the AMCs.

    This is where distributors like FundsIndia come in handy. You can consolidate all your Mutual Fund holdings in one single account. Also, requests such as yours can be handled more effectively.

    We have an ‘Easy Transfer’ option where you can transfer all your offline holdings onto an online FundsIndia account. Then all you need to do is setup fresh SIPs using the account details of your new bank account. We will do all the running around for you.

    Every time you need to make a change in your investments you can either do it online or contact our customer support team and they will guide you every step of the way.

    Mr.Rajaram who is an advisor who used FundsIndia has written about a similar problem faced by another investor. Read his article here – http://www.fundsindia.com/blog/general/why-non-standardization-of-mf-industry-is-not-an-issue/3461

    Reg,
    Arjun
    http://www.fundsindia.com

    Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.