I have plans to start few SIPs.After going through the posts in jagoinvestor I have decided to register with www.fundsindia.com.I have a sbi a/c in a location which is not covered in their ‘ecs location list’.So I have only the option of ‘alert sip’;they will send reminders as the sip date approaches and then I have to login and debit the amount via netbanking.I have these questions:
1.Will I be able to start a new SIP without any paperwork or online work with the AMC?
2.What is the advantage of ‘alert sip’?Suppose I am away on a holiday or my pc broke or my broadband disconnected even after the 2nd day after the SIP date.What happens to my sip then?
3.As far as I understand the debited amount is not invested on the same day and they treat SIP amount as fresh(new) investments.Will it not affect my investments in this volatile market?
Frankly I like the idea of investing online without any brokerage.But these confusions are to be cleared.Since I am yet to start investing answers will be much appreciated.Regards.