POSTED BY November 26, 2012 12:26 pm COMMENTS (3)ON
From January all MF are directed to have direct plans which has less expense ratio and distribution charges which are given back to investor as high NAV.
Currently I have demat account and mutual funds SIP with online website. Now, if I want to take advantage of this direct plans what options do I have?
1) How to buy? — Do I need to go the AMC office directly(say HDFC), fill the form and setup SIP with them for buying direct plans?
2) How to store it? — I believe the units purchased would be in dematerialized format. So how it will be delivered to me? Do I need to provide my demat account while submitting the form to AMC to credit it?
3) Is it possible to buy this direct plans online? as we are used to do it now??
Any other information will also be useful for everyone.
Thanks and Regards,