Is there any cheaper way to invest in Franklin Templeton Bluechip?

POSTED BY Sambaran Mitra ON January 15, 2011 10:12 am COMMENTS (4)

I 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?

4 replies on this article “Is there any cheaper way to invest in Franklin Templeton Bluechip?”

  1. Atul says:

    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

    https://www.jagoinvestor.com/2010/04/interview-with-fundsindia-com-podcast.html

    Regards

    Atul

  2. Thanks Shiva and Ramesh.

  3. Ramesh says:

    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

  4. Shiva says:

    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

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