Is buying Mutual fund from bank website different than buying from demat account ?

POSTED BY tashiaggarwal ON December 10, 2013 10:41 am COMMENTS (2)

Hi

How does buying Mutual fund from respective banks websites compare to buying them from through a banks demat account in terms of charges applied ( and hence net returns)

eg. buying HDFC top 200 G MF frought HDFC portal vs buying the same through Kotak Secutities dmat account.

Please advice.

Regards

T

2 replies on this article “Is buying Mutual fund from bank website different than buying from demat account ?”

  1. Kotak Securities says:

    Hi Tashi,

    We would like to help you with your query. Kindly share your client id & contact details with us at ks.escalation@kotak.com so our customer care executive can get in touch with you. Alternatively, you can call our customer service anytime at 30305757/1800 222 299.

    Regards,
    Team Kotak Securities

  2. Sumit says:

    Both are same for the fund you are buying – regular plan of that fund i.e. HDFC top 200 (G) -reg.
    And their account maintenance charge also will be more or less similar (with very minimal differences).

    But if you invest in the fund directly from the AMC then you will be purchasing the direct plan with low expense ratio and that can make significant difference in longer run – like here if you invest through HDFC AMC then you will be buying units if HDFC Top 200 (G) – DIRECT Plan.

    Thanks
    Sumit

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