POSTED BY December 30, 2010 12:27 pm COMMENTS (15)ON
I would like to use the trading platform offered by fundsindia.com. However I am not sure how safe it is.
I did some research and found that the investments are done in the name of the investor only and the investor can get the account statement from AMC anytime and verify the investment.
One thing that really concerns me is the fact that since fundsindia does paperless transaction for purchases and redemption, complete control of our portfolio will be in their hands. They can withdraw the amount anytime they want and they can even change the bank account number, since it is a paperless transaction.
Can you guys please comment on this? Is this really safe?