Hello guys,
I have recently invested in 4 MFs through Bajaj Capital Ltd. with an initial sum of 5000/- each and have applied for the ECS auto-debit facility from my bank a/c.
Now what I came to know afterwards from the financial advisor was that the SIPs will continue debiting in the terms of 5000/- p.m. and I can’t change them with the only option being is to stop the ECS auto-debit facility.
He told me that to stop the ECS auto-debit and to have a manual control on SIPs I need a Demat A/C.
Is that true? Or is there any other way to stop the ECS auto-debit facility without opening a Demat A/C? If the option being a Demat A/C only, then please suggest a good Demat A/C.
He told that BajajCapital Demat A/C has a one-time fee of 1499/- and no future charges. Whats with all this?
Please if anybody answers these queries of mine, I’ll be highly grateful!
Thanks,
Zaib.