November 7, 2013 7:37 pm
Anybody has any idea about Fundsindia.com?
Is it reliable?
Thanks Sumit…got it
you can read this, if you want to know how to buy ‘direct’ plans online
Thanks Karthik…it was very helpful
For DIRECT funds – Yes – you will be having multiple portfolio’s in multiple Fund house, and will be able the register and create userid to buy/sell online.
For regular plans – like by Fundsindia account you will be able to buy mutual funds from all fund houses.
But remember the difference of expense ratio (.5% to .7% yearly).
ok got it.
Just one question…Do I need to have account with multiple fund houses to buy their respective mutual fund?
See, distributors/brokers like fundsindia., Sharekhan, ICICIdirect etc- they all sell regular plans of any mutual fund.
To invest in direct funds you have to contact with AMC/Fund house (not bank) of that fund.
like HDFC AMC for any HDFC mutual funds, ICICI AMC fir any ICICI funds etc.
Thanks Sumit for the reply.
Actually I am looking for a direct option only.
Can you please suggest me one?
Obviously Fundsindia is reliable, very good services with innovative schemes to invest.
But why you are going with a distributor rather than direct options with Fund houses itself, where lower expense ratios will make significant differences in long term.
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