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POSTED BY ON October 2, 2010 6:07 pm COMMENTS (4)
One of my friend wants to invest for his childs higher Education and Marriage in Mutual Fund Schemes through SIP for a period of 15 to 20 years.He is ready to invest Rs 5000/- per month.
Expecting 12 to 15% returns without much risk, please suggest suitable mix up of Mutual Fund Schemes.Also please let me know
1.Whether on line investment option is available for such investment
2.Whether to invest through Asset Management Comanies directly or through Brokers to reduce comission /brokerage in long term
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better invest directly . get good information on ‘valueresearchonline.com’ or ‘morningstar.co.in’. one mf i can suggest to check is quantum long term equity mutual fund, available directly online through their site: quantummfamc.com
Mutual Fund companies does not charge any amount for each SIP transaction, if you invest directly.
All mutual fund companies charges ONLY fund management charges from total AUM of fund, whether you invest directly or through any broker. That amount (expense ratio) is generally between 0.8% – 2.50% depending upon the scheme & AMC. The actual charges can be find out from the fact sheet or respective website.
Hope it will help you.
InvestmentKit.com
Hi,
if we are investing through the banks like icici , they charge minimum charge for each sip transaction, if i invest directly with mutual fund companies, will i be paying this charge??
It’s a wise decision to invest in mutual funds via SIP mode. You can invest in Reliance regular savings fund – equity, IDFC Premier Equity Fund, DSP Blackrock mid & small cap, HDFC top 200.
These are schemes with consistent returns and managed by professional fund managers.
You can invest in mutual funds through your share broker also. Even if you invest via mutual fund companies, they also give you option of investing further via NetBanking.
It doesn’t matter whether you go directly or through broker or AMFI certified distributor; there is no entry load in Indian mutual funds now.
Hope it will help you.
InvestmentKit