7 replies on this article “MF investment portal”

1. Ashal Jauhari says:

   February 16, 2013 at 7:52 pm

   Dear Biswajit, I hope dear Karthik has answered your queries well. If you are still in doubt, please feel free too ask.

   Thanks

   Ashal

   Reply
   1. Biswajit Das says:

      February 16, 2013 at 11:28 pm

      Many thanks to both of you.Things are much clearer now.

      Reply
2. Karthik says:

   February 16, 2013 at 7:11 pm

   1. I am not sure if Perfios can extract Fundsupermart data. If you want to change all your investment to ‘Direct’ mode, you have to contact AMCs with the existing folio numbers and get a login for AMC websites. Once you do that, add those login accounts to Perfios.

   2. Yes, the direct plan NAV’s are higher than Regular plans. Just in 45 days, see the difference between Direct and regular plans
   HDFC Top 200 Fund -Regular plan Growth Option 222.3330
   HDFC Top 200 Fund -Direct plan Growth Option 222.5010

   3. Please don’t connect Demat accounts to the Direct investment of mutual funds. It is of NO use. Your mutual fund units are stored in the folio numbers of each AMCs. If you buy/sell MFs through any online platform (Direct / distributor), it is called as ONLINE mode of investing mutual funds. If you use only papers to make MF transactions, the folios are referred as OFFLINE folios. Only ETFs require to be in demat mode.

   Reply
3. Karthik says:

   February 16, 2013 at 8:22 am

   in the first statement, Rs.1500 is the expense EVERY year.

   Reply
   1. Biswajit Das says:

      February 16, 2013 at 6:29 pm

      Thanks for your answers..I have signed in perfios and found it really cool. Now I’ve few questoins.

      1. How to add my existing MF holdings into perfios? Currently all the holdings are shown in my fundsupermart account and i’ve checked up in perfios but couldn’t get an automatic update for them, just like other saving or demat accounts or insurances,which links automatically after giving login & password. I don’t have login id for any of the AMCs as I didn’t made investments directly

      2. Will the NAV be higher for the same fund if I invest through direct mode?

      3. In case of direct investment from AMC houses, if I include my demat account no, then those transactions will directly go to my demat account.Currently I’m having IDirect demat account and i can give that.But if don’t give any demat account no., then in what form my MF holdings are stored and where?

      Reply
4. Karthik says:

   February 16, 2013 at 8:20 am

   if you have a 3 lakh of mutual fund holding, then you might be paying around Rs.1500 indirectly to fundsupermart.
   You could not save this money until last December, but you can save it starting this year by direct investing.
   You can always use VROL portfolio tool or Perfios to track all your funds at one place. These two are awesome free tools. If you pay just Rs.500 per year to Perfios, the services you get is just awesome. ( Perfios can automatically extract the transactions from AMC logins, like a magic)

   Reply
5. Ashal Jauhari says:

   February 16, 2013 at 6:13 am

   Dear Biswajit, the money invested by you using fundsupermart is invested under the broker code of fundsupermart. Now here are the answers for your query.

   1. If MFs have some expense ratio, then how fundsupermart.co.in is giving me the service free.
   From that expense, ratio, fundsupermart is earning around 0.5 to 0.6% of your fund value on yly basis as trail commission. This is the income source for fundsupermart from all investors like.

   2. How MF AMCs are charging expense ratio from me
   The expense ratio is charged on the over all assets of the fund & same is called expense ratio. the NAV is declared only after this deduction, hence in term sof NAV, you are getting the adjusted actual return.

   3. Is is wise to go for direct investment instead of MF investment portals/websites
   It’s your personal choice, if you want to save that 0.5-0.6% thing. Do remember, you ‘ll not notice any meaningful earning initially & the change in your corpus ‘ll be visible only after a long time.

   4. In case of direct investment into individual AMCs, it is very difficult to get a complete picture of my investments in all the AMCs together. Is there any option to view my complete investments at one place
   Please use online portfolio trackers or if you do have demat account, you may receive your units in it directly. Apart from the above, you ‘ll receive a consolidated statements from RTS (CAMS or Karvy) for all your MF holdings at regular intervals.

   Thanks

   Ashal

   Reply

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