is Fundsindia.com reliable ? Any personal experiences ?

POSTED BY Amrutha ON November 7, 2013 7:37 pm COMMENTS (8)

Anybody has any idea about Fundsindia.com?

Is it reliable?

8 replies on this article “is Fundsindia.com reliable ? Any personal experiences ?”

  1. Amrutha says:

    Thanks Sumit…got it

    1. Karthik says:

      you can read this, if you want to know how to buy ‘direct’ plans online
      http://www.yourbse.com/2013/02/mutual-funds-direct-investment-through.html

      1. Amrutha says:

        Thanks Karthik…it was very helpful

  2. Sumit says:

    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).

    Thanks
    Sumit

  3. Amrutha says:

    ok got it.
    Just one question…Do I need to have account with multiple fund houses to buy their respective mutual fund?

    Thanks

  4. Sumit says:

    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

  5. Amrutha says:

    Thanks Sumit for the reply.
    Actually I am looking for a direct option only.
    Can you please suggest me one?

    Thanks

  6. Sumit says:

    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.

    Thanks
    Sumit

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