POSTED BY January 15, 2011 10:12 am COMMENTS (4)
ONI want to invest in Franklin Templeton Bluechip through citibank. The cost for the same, as declared by citibank is:
0 transaction fee if SIP is below 20000
0.5% upfront commission and upto 0.75% trail commission, paid to citibank by AMC
Is the upfront commission paid directly from my contributing amount? Or is the commission part of expense-ratio of the fund? Is there any alternate avenue by which I can invest in the same fund, but in a cheaper way?
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Hi Simbaran,
I have started using FundsIndia.com platform for MF investment and its really good. Plus there are no charges.
Check out the thread for more information
http://jagoinvestor.dev.diginnovators.site/2010/04/interview-with-fundsindia-com-podcast.html
Regards
Atul
Thanks Shiva and Ramesh.
There is no cheaper way.
Even if you invest directly with the fund, that amount will be retained by the AMC with itself and will not be given to you!!
Ramesh
Hi
You don’t have to worry about the upfront commision, as it will not be paid directly from your amount, it will be paid from the AMC’s money (although it is yours in another way), they will not deduct directly from the SIP you are paying and hence i would suggest to go ahead for the SIP