Mutual Funds – Direct investment through AMCs

POSTED BY Karthik ON February 17, 2013 11:12 am COMMENTS (48)

I am starting this topic to help investors willing to move to Direct investment mode, but not sure how to do. I assume, the investor is ‘KYC Verified’ by CVL / CAMSKRA. If that is not the case, please get your KYC done, first. Please feel free to add the process for any other fund house.  (I am also posting this to yourbse.com )

 

Quantum Mutual Fund

Website: http://www.quantumamc.com

Login ur: https://invest.quantumamc.com/onlinenew/Default.aspx

/* Quantum MFs are always DIRECT, even if you buy through a distributor. But, you can still save the transaction charges, by directly using Quantum’s website  */

New investors (I dont have a Quantum folio number):

Can I Open a new folio online? – Yes

Need to walk-in to AMC Office? – No

Need to send any documents by Post? – No

Go to the below link, choose your fund, make the payment, Get an online login.

https://invest.quantumamc.com/onlinenew/OnlineTransactions/NewPurchaseSchemes.aspx

Existing investors (I already have a Quantum folio number)

Go to the below link, provide your existing folio details, get online login.

https://invest.quantumamc.com/onlinenew/General/NewRegister.aspx

 

Reliance Mutual Fund

Website: http://www.reliancemutual.com

Login ur: https://converz.karvymfs.com/relianceonline/Default.aspx

New investors (I dont have a Reliance folio number):

Can I Open a new folio online? – Yes

Need to walk-in to AMC Office? – No

Need to send any documents by Post? – Yes

Please use the below link to make a first time investment in Reliance mutual fund.

https://converz.karvymfs.com/ReliancePOM/online/SchemesToPurchase.aspx

You will have to fill the form online (don’t forget to provide EMAIL address and MOBILE number), make online payment. Finally, print the form, attach PAN copy and send to Reliance AMC office by post.

Once you know the Folio number, use the below process to get online PIN.

Existing investors (I already have a Reliance folio number)

Please use the below link to get the PIN for online login

https://converz.karvymfs.com/ReliancePOM/online/ExistingUser.aspx

Once you get the login / password, login to the below link for direct investments: https://converz.karvymfs.com/relianceonline/Default.aspx

 

UTI Mutual Fund

Website: http://www.utimf.com

Login url: https://online.utimf.com/General/Login.aspx

New investors (I dont have a UTI folio number):

Can I Open a new folio online? – Yes

Need to walk-in to AMC Office? – No

Need to send any documents by Post? – Yes

Go to the below link, choose your fund, Make the payment, Get an online login

https://online.utimf.com/NewPurchase/Schemes.aspx

Once you do that, you will get a document by email, which you have to sign, send it by post to Karvy office along with a copy of your PAN.

/* My suggestion is to send by Speedpost */

Existing investors (I already have a UTI folio number)

Provide your existing folio details in the below link, and get a login

https://online.utimf.com/General/Generatecredentials.aspx

/* The only drawback I see in UTIMF online is:

Once you create a SIP, you cannot cancel it online. You have to send a letter by post to the registrar office. Otherwise, you can do all kinds of transactions.*/

 

ICICI Prudential AMC

Website: http://www.icicipruamc.com

Login url: http://www.icicipruamc.com

New investors (I dont have a ICICI folio number):

Can I Open a new folio online? – No

Need to walk-in to AMC Office? – No

Need to send any documents by Post? – Yes

Please fill an application form, attach Cheque, KYC verification copy and send by post. Wait for a week to get the folio number by email. Please don’t forget to provide your MOBILE number and EMAIL address in the application form. 

Application forms: http://www.icicipruamc.com/mutual-fund-application-form.aspx

What has to be sent:

https://www.icicipruamc.com/InvOnline/STAT/HTML/Popups/pan/newinvestor_popup.htm 

Once you get the folio number, follow the below process to get ICICI Pruamc online login.

Existing investors (I already have a ICICI folio number)

Please follow the process mentioned in the below link to get a online login for ICICIPruamc.com

https://www.icicipruamc.com/PruTracker/APP/ASPX/frmInstant-Online-Activation.aspx

If your email address is not registered in the ICICI Pru folio, please use below link first, to register your email id.

http://www.icicipruamc.com/asp/amc/alert/RegisterForEmail.asp

 

HDFC Fund

Website: http://www.hdfcfund.com

login url: https://investor.hdfcfund.com/mfonline/

New investors (I dont have a HDFC folio number):

Can I Open a new folio online? – No

Directly walk-in to a HDFC Bank or HDFC AMC office or CAMS office, make a first minimum investment in a HDFC fund you prefer. Along with the documentation, ensure that you provide your MOBILE number and EMAIL address.

Or, If you know a broker / distributor (or have a demat account), make a first minimum investment in a HDFC fund you prefer.

The above step is to first get a Folio number, so that you can start investing directly through hdfcfund.com

Existing investors (I already have a HDFC folio number)

If you also have a HPIN, directly login to the below link for direct investments: https://investor.hdfcfund.com/mfonline/

If you don’t have a HPIN,

Please fill the below form and send it to CAMS office by Post. Please provide your email address also (if the email address is not already registered with the folio). You will receive the HPIN through email. Using the HPIN, you can start using hdfcfund.com online.

HPIN request form:

http://www.hdfcfund.com/CMT/Upload/ArticleAttachments/New_E_services_form_after_rectifications_form.pdf

CAMS office Address:

http://www.camsonline.com/network.html

 

SBI Mutual Fund

Website: http://www.sbimf.com

login url: https://www.sbimf.com/INVESTORCENTER/ASPX/frmlogin.aspx

New investors (I dont have a SBI MF folio number):

Can I Open a new folio online? – No

Directly walk-in to CAMS Office or SBI MF AMC office, make a first minimum investment in a fund you prefer. Along with the documentation, ensure that you provide your MOBILE number and EMAIL address.

Or, If you know a broker / distributor (or have a demat account), make a first minimum investment in a SBI fund you prefer.

The above step is to first get a Folio number, so that you can start investing directly through sbimf.com

Existing investors (I already have a SBI MF folio number)

Please use the below link to get the user id / password

https://www.sbimf.com/INVESTORCENTER/aspx/frmInvestorRegistration1.aspx

Once you get the login / password, login to the below link for direct investments: https://www.sbimf.com/INVESTORCENTER/ASPX/frmlogin.aspx

 

Kotak Mutual Fund

Website: http://www.kotakmutual.com/

login url: https://www.kotakmutual.com/KAMCWebClient/login.do

New investors (I dont have a Kotak folio number):

Can I Open a new folio online? – No

Directly walk-in to CAMS office, make a first minimum investment in a Kotak fund you prefer. Along with the documentation, also submit a online PIN request form, that will help you to directly login to kotak mutual website.

Or, If you know a broker / distributor (or have a demat account), make a first minimum investment to get a folio number and follow the below process for existing folio.

Existing investors (I already have a Kotak folio number)

If you also have a PIN, directly login to the below link for direct investments: 

https://www.kotakmutual.com/KAMCWebClient/login.do

If you don’t have a PIN,

Please fill the below form and send it to CAMS office by Post. You will receive the PIN through Post. Using the PIN, you can start investing online.

PIN request form:

http://www.kotakmutual.com/kmw/downloads/Internet.pdf

CAMS office Address:

http://www.camsonline.com/network.html

 

48 replies on this article “Mutual Funds – Direct investment through AMCs”

  1. rajmehta373 says:

    ICICI pru AMC investment can done directly through AMC and can save the transaction charges by filling the online form, making online payment and at last print the form attach the required document and post it and submit it.

    1. Thanks for your comment Raj

  2. PatRedman says:

    my business needed a form a few weeks ago and saw a web service that hosts a searchable forms database . If you need to fill out it too , here’s a http://goo.gl/H5NahZ

  3. Murali says:

    Hi Karthik,

    Very good information, I have 2 queries;
    1. I am currently holding a demat account with HDFC and also MF account with FundsIndia, Can you advise how I can get a folio number to directly buy mutual funds through AMCs directly?

    2. Is there significant difference if I buy mutual funds directly from HDFC or Morgan Stanley? If so, how much?

    1. 1. You can contact AMC directly for that

      2. No , unless they have any specific charges mentioned

  4. prasad says:

    I didn’t send any documents by post to Reliance mutual fund for KYC. My KYC status is verified

  5. sudhirkumar says:

    I want to invest in below MFs . But I am not able to do via sbismart.com. Please let me know the best way to involve in these.

    DSP BlackRock Micro Cap Fund – Regular Plan
    HDFC Top 200
    HDFC Balanced Fund
    HDFC Childrens Gift Fund
    HDFC Prudence Fund (G)
    BNP Paribas Equity Fund
    BNP Paribas Dividend Yield Fund
    Principal Tax savings

    Thanks
    Sudhir

    1. Hi sudhirkumar

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      Manish

  6. S Kumari says:

    Dear All – Request your advice. I have HDFC ISA account that I use to invest in mutual funds. I have few questions –

    1. Is it really expensive to hold HDFC ISA account? They charge approx. 150 RS per quarter + Rs 100 per SIP cycle. Are there any other hidden charges other that this on entry or exit?

    2. I want to invest in Direct Plans of mutual funds. However, I don’t see them listed on HDFC ISA. Which means I am making less profit by investing in the regular plans of mutual funds. How can I invest in DIrect plans of mutual funds?

    3. I have some folios created through HDFC ISA. In future, if I want to close ISA account, what happens to these folios? I may not want to redeem the units but want to close ISA account. Is that possible?

    WOuld really appreciate if I could be advised appropriately. Thanks in Advance. – SK

    1. 1. YEs, its quite expensive I think

      2. It will not be there. You need to invest in direct plans from the AMC website directly !

      3. Yes, its possible .

      1. Skumari says:

        Thanks manish. Could you please elaborate on point 3. How is it possible to retain the folios after closing the ISA account? Thanks again.

        1. When you take out the 100% money from a mutual fund, still the folio exists with Rs 0 in it. Its called Zero Folio !

  7. rampravesh says:

    Sir I want to know the first time investment procedure in axis MF that is it can be done online or I will have to visit AMC and other thing is that can I submit application for folio generation at any hdfc bank branch.

  8. ashalanshu says:

    Dear Harish, first of all please invest with a new Folio number and later on merge your DEMAT holdings into your new folio number.

    Thanks

    Ashal

  9. harishj says:

    Hi Karthik,

    I want to invest directly to the AMCs and I have the folio numbers for all of them (through my existing investment through my demat account. So current MF folios are held in demat form). Now, the problem I am facing is that when I speak to the respective AMCs, they say that they can’t update my email id/mobile no etc (which is required in most of the AMCs to invest online) since its a demat folio and the changes can be made only by the demat provider. My demat provider says that there is no need to update anything in folio and any information/service will be given by us (i.e. the demat provider sharekhan). Worse, some AMCs are saying that even after I register on their websites, I can’t invest using the same folio as that is a demat folio and any purchase/redemption request can only be placed through sharekhan. (e.g. I have registered with ICICI pru tracker and I am able to see my investments and their system is allowing me to purchase/redeem but customer care it saying it will be declined later on because its a demat folio)

    Is there any work around for this? ICICI pru guys are saying either I should open a new folio with them by making first physical investment or I should covert my demat folio into physical form by submitting a request to sharekhan and then I can directly transact from their website.

    Kindly guide me.

  10. Raj says:

    PIN generation may be an interesting topic for those who wish to invest directly – which translate as number of times you may require to visit AMC office.

    From the AMCs I have interacted so far the following two require investor to submit a physical form for getting PIN to transact and manage folios online – I am not sure whether you could request PIN at the same time when you subscribe to a scheme.

    HDFC
    DSP Blackrock

    AMCs which support online PIN generation (or doesn’t require a PIN to transact)

    Reliance
    IDFC
    UTI
    SBI
    ICICI
    Franklin Templeton
    Quantum
    Fidelity (now L&T)

    1. Karthik says:

      Though HDFC asks you to visit their (or CAMS) office for submitting PIN application, I just sent by post. They sent the PIN by email.

  11. Dear Sandeep,10K into SBI EM, 2K into SBI FMCG & 2K into Rel.Pharma on the other hand, IPru FBC & L&T Eq. are only 2K mly. Too much risk you are taking. I’m not at all comfortable with this set up. You should decide on your own.

    Thanks

    Ashal

    1. Sandeep says:

      Dear Ashal,

      Thanks for your opinion.

      Which one will you suggest?
      SIP tenure of 5K is completing this month. Shall I start new SIP of the the same MF?

      (I know we are discussing on the other topic here. Anyway, I will put other query separately with all my details for your suggestion. But now atleast I need idea/direction..)

      1. Dear Sandeep, if you existing fund is performing as per your expectation, no need to change.

        Thanks

        Ashal

  12. Dear Sandeep, the basic query regarding SBI AMC portal has ben answered by dear Karthik. I’m asking for your choice of funds SBI EB & SBI FMCG. Do you feel it’s ok in your portfolio. Are you comfortable with the over all risk asociated with these 2 funds?

    thanks

    Ashal

    1. Sandeep says:

      Dear Karthik,

      Thanks for prompt reply.

      3. a. Can I transfer my existing SBI SIP to SBIMF using above link.
      b. Do I need to involve SBICAPSEC or SBIMF while transferring.

      Dear Ashal,

      As per my understanding, these are high risk fund. Correct me if I am wrong.
      Please provide your opinion for below investment. My investment is 20k/month. I can take high risk for next 3yrs.

      SBI EB (10k) — Initially started for 5k. Accidently, another SIP of 5k started last month. so, planning to stop/cancel additional SIP this week.
      SBI FMCG (2k)
      Reliance pharma (3k), — Initially started for 24 months, ending this month
      ICICI pru bluechip (2k), — Initially started for 24 months, ending this month
      L&T equity (2k) — Initially started for 24 months, ending this month
      Birla international equity (2k)
      Debt – PPF (1L/year)

      Planning to start SIP again in ICICI Pru bluechip with 5-7k/month as exiting SIP will complete this month.

      Thanks in advance.

      1. Karthik says:

        Sandeep,
        3 a & B – You are not actually transferring anything. You are just getting SBIMF login to directly access the same folio created using SBICAPSEC.
        You only have to involve SBIMF or CAMS to get the PIN for logging into sbimf.com; SBICAPSEC need NOT be involved for this.

  13. Sandeep says:

    Hello,

    I have ongoing SBI regular SIP (Emerging business & FMCG) through SBICAPSEC.

    1. Would it be advisable to go to Direct through SBIMF from SBICAPSEC?

    2. Hows SBIMF feedback, service?

    3. Will above link (SBI MF link provided Karthik) applicable for SIP as well (or only lumpsum investment)

    1. Karthik says:

      1. Yes, because you can switch to direct investments, that saves you some money
      2. I am using it for 3 years. It’s online website and customer service is good.
      3. All the AMC websites allow you to Purchase / Redeem / Switch lumpsum investment and also you can Set an SIP or STP or SWP online.

      1. Raj says:

        In my experience SBIMF Online is worst among other Online services. It is buggy to the core – few examples I have experienced 1) minimum investment amount will change every time you select fund, 2) you won’t get a confirmation once redeem is successful, 3) you can redeem same fund again – no warnings this time – though it wont go through CAMS. I’m sure their MF Online service has not even gone through basic Software testing.

        As far as customer care goes my initial investment somehow went with Holding mode empty instead of single – SBI’s buggy system will not allow you to transact when Holding mode != Single. I think I have been contacting SBIMF since last 3 months through email and phone and nothing has changed. They were not even able to change Holding status to Single.

        I’d recommend anybody to stay away from SBIMF Online until they mature their online offering – its your money and you are going to suffer with their bad service.

        1. Karthik says:

          Raj,

          I agree with whatever issues you mentioned about SBIMF. But it is not that bad to stop me from using it, and go to a distributor.

          1) minimum investment amount will change every time you select fund
          — This does not harm the transaction you are doing
          2) you won’t get a confirmation once redeem is successful
          — I used to get a email for redemption request made. are you not getting that?

          3) you can redeem same fund again – no warnings this time – though it wont go through CAMS.
          — yes, they don’t have a technical restriction. But why do you make the redemption request twice?

          1. Raj says:

            Karthik,

            SBI MF will allow you to purchase when listing wrong minimum amount – but this well get declined at CAMS your money will get stuck for a week at least. Similarly if you don’t get a confirmation you will naturally make redemption request again right. There are many other defects in SBI MF Online, I don’t think its futile for me to do QA now. This is a financial website and you cannot work with this kind of quality issues – wondering what will be their security (personally I could trick website and redeem even though it was complaining earlier that I was not allowed to redeem since my folios were not in Single holding mode).

            Anyway I don’t have any investments with SBI now – had emerging business but I have moved it to other better mid/small cap options, I guess I am better off with funds with great fundamentals than returns.

  14. Dear Debojyoti, you should start direct investing on your own with Quantum AMC.

    Please invest in Quantum Long Term Eq. fund.

    Please visit http://www.quantumamc.com for more info.

    Personally I w’d not like to invest via HDFC ISA (the facility you are referring to). As it’s costly. If I want to use a 3rd party online channel, http://www.fundsindia.com ‘ll be my preference.

    As on date you opt to start direct with 2-3 AMCs to save your money from trail commission & after few years, you ‘ll be able to create a bigger corpus. My choice of AMCs for direct investing ‘ll be (Indicative list only, not the order of preference)

    Quantum
    Franklin
    DSP
    IDFC
    ICICI

    I’m not saying you should invest with all AMCs from above list, I’m asking to have direct investing facility with these AMCs.

    Thanks

    Ashal

  15. Debojyoti Das says:

    dear karthik,
    Thank you for reply and clarifying.
    as I am a new investor and the KYC is mandate to get into MF, therefore, my 1st priority is to get the KYC. I approached HDFC bank with the HDFC top 200 (G) fund and they took the manual form from me and submitted to their AMC along with cheque leaf.
    Later, the Branch manager informed me that the online mode is present, therefore, we stopped manual process and now waiting for the KYC to be verified and then start with online MF purchase through my Net banking. The manager also informed that I can not only purchase HDFC MF, but I can purchase other MF as well like DSPBR, quantum MF, etc through online from my net banking. The quaterly charges is Rs. 25/-. I got relaxed that atleast I can start the MF investment by end of Feb’13. Yesterday, after reading your threat, the question came to my mind and I put forward this to the group on which dear Ashal Sir replied (HDFC bank online investing is not beneficial in terms of online direct investing as HDFC bank itself is a broker here & it ‘ll pocket the trail commission here. So for you it’s not profitable like investing direclty with AMCs to save on trail commission). Now I am confused if I will be spending more money to purchase MF through Net banking. Should I approach individual AMC for their funds? please clarify.

    1. Ramesh says:

      HDFC ISA charges you Rs. 100 (+ service tax) quarterly, and not 25. So around 450 per year.
      Additionally, you will be charged Rs 100/150 depending upon existing / new fund investor for any fund, if lumpsum investment of Rs 10000 or above OR a SIP of per month investment * number of months committed.

      To counter that:
      1. Invest lumpsum only in <10000 values. Suppose you want to invest 15000 in a fund. Then invest 9900 on day 1 and rest 5100 on next day. You will not be charged anything. If you will invest 15000, then only 14900 will be invested.
      2. Similarly, if you invest 1000 x 9 months SIP, then you will not be charged. The total is 9000 and not 10000. You get the point?

      Now, coming to other point regarding Direct Investing, since last month onwards, most plans have a separate Direct Fund offering too, in which you have to invest only through the website of AMC (in your case, HDFC AMC which is different from HDFC bank). By doing this, you will save around 25-30% of the annual expenses of the fund (comes around 0.5-0.6% of total amount), which over some years will yield substantial savings and resultant increased corpus.

      So, it is better to go Direct.
      The drawback of Direct is if you want to have a lot of funds, then you will have multiple logins and passwords.

    2. Karthik says:

      yes, the purpose of this thread is to encourage investors to directly go to AMCs to buy funds. You could save the trail commission and Transaction charges.

  16. Dear Debojyoti, please do note, that HDFC bank online investing is not beneficial in terms of online direct investing as HDFC bank itself is a broker here & it ‘ll pocket the trail commission here. So for you it’s not profitable like investing direclty with AMCs to save on trail commission.

    thanks

    Ashal

    1. Michael John Britto says:

      Besides trail commission, I think Hdfc Bank also charges Rs 100 as transaction fee per subscription for investments over Rs 10000/- for existing customer and Rs 150 for new customer.

    2. Debojyoti Das says:

      Thanks Ashal for your prompt reply. Please let me know your take on my current scenario:

      1. I had submitted the KYC registration form to HDFC bank to process. Received the SMS from CVLKRA on 14-Feb on brief details of KYCID.Not sure if totally registered. Should I inform the bank to stop the process.
      2. I have asked the HDFC bank to process the MF account creation once the KYC is registered. Should I inform them to stop the process. Remember, KYC registration and opening MF account are two different steps.
      3. Say, if i stop both 1 and 2, then I am back to square one. How to start then afresh.
      4. Which MF company I should approach then from above where the entry load is less and they will help me in KYC registration and opening the account. I should be able to open MF through SIP mode for all the possible (maximum possible) funds.

      Let me know your and experienced folks comment on this.
      thanks always for helping us.

      best regards
      debojyoti

      1. Karthik says:

        1. Do not stop the KYC process. KYC is common for all the Mutual fund AMCs. Once your KYC is cleared, you can invest in any of the AMC’s funds.

        2. Do not stop this process also. Let them enable the ‘Mutual funds’ section in HDFC netbanking. You can choose NOT to use it.

        3. n/a
        4. There is no entry load at all in Mutual funds. Read more articles in this forum and use tools like easymf.com valueresearchonline.com and pick the funds yourself. Come back to this forum with the list of funds you chose. Experts will guide you after that.

        1. Debojyoti Das says:

          dear Karthik,
          Many thanks for reply. My follow up question to you:
          1. Ok, I will continue with registering the KYC through HDFC. But, how can I come to know that the KYC is registered and is in force. Is there any online web where if i provide my PAN no., i can come to know that KYC is registered. Please let me know so that I can check on this right away.
          2. The problem would be in that case is I will have to pay a quaterly charges of Rs. 25 unnecessarily if I choose to open the section in online Net banking and donot choose to invest through it as suggested by dear Ashal. I am not sure, if i am speaking sense over here or not.
          3. The idea of that question is to choose the perfect broker house like Quantum, Reliance etc provided by you in the initial thread as I want to choose the broker house who has maximum tie up so that tomorrow if I am shifting from one MF to another MF, i don’t have to again seach for a broker house.
          4. My point was in regards to broker companies like Quantum MF, reliance, and not with funds, as I have now a fair idea on which fund to choose from for my allocation.

          Your response on this will be appreciated.
          best regards
          debojyoti

          1. Karthik says:

            1. Since you have applied for CVL KYC, keep checking the status using your PAN in the below link

            https://www.cvlkra.com/kycpaninquiry.aspx

            2. Once the KYC status shows verified in the above link, contact HDFC and ask them to cancel that ‘Mutual Fund’ section in netbanking. (They will not try to cancel your KYC).

            3. Quantum, Reliance, etc mentioned above are Asset management companies and not brokers. Once you choose your funds (not the AMCs), go to corresponding AMC and invest directly.

            No AMC has maximum or minimum tie up. In hdfcfund.com, you can buy/sell only HDFC funds, in Quantumamc.com, you can buy/sell only Quantum funds; in icicipruamc.com, you can buy/sell only ICICI Prudential funds.

            However, you can use your HDFC netbanking as a bank account in any of these Fund houses to purchase their mutual fund units.

            4. My advice is : First Choose the funds, not the AMCs. However limit yourself to two or three AMCs at the maximum. My picks are Quantum, HDFC and ICICI.

          2. Karthik says:

            In my original post (at the top of this page) I have stated the below for some of the AMCs.
            “If you know a broker / distributor (or have a demat account), make a first minimum investment in a HDFC fund you prefer”

            You can use the HDFC netbanking’s ‘Mutual funds’ section for this purpose – only to make a minimum first time investment to get a Folio number created. Once you get a folio number, try to get the login for AMC website and move DIRECT mode.

  17. Sachin says:

    Thanks, its very useful informatio..what about DPSBR

  18. Debojyoti Das says:

    Hello Kartik and all,
    I came across a new mode as well through the MF investments can be done. I have a HDFC account and I am not KYC verified yet. I spoke to the HDFC branch manager, and he informed me that once the KYC is verified through HDFC AMC (under process), I can do the mutual fund investments for different fund house of HDFC as well as other fund house through HDFC online. Along with saving account online, there is a tab for mutual fund which HDFC provides now a days, which can be used by HDFC customers. The quaterly charges are Rs. 25/- and no other additional charges to my knowledge. My account creation is ongoing currently,. Experienced folks can share some knowledge if came across on this line.

    best regards
    debojyoti

  19. Dear Karthik, thanks for the update & providing so much useful; info.

    Thanks

    Ashal

  20. bharat shah says:

    thank you for up dating. our accounts are opened in Sept. 2009. and not sure KYC was there or started afterwards. any way good compilation of information. thank you again.

  21. bharat shah says:

    we got two accounts with QUANTUM , and they were opened with status KYC compliant ,but both times , we sent print copy of first investment after signing it and with documents to their Mumbai office. the rules may have changed then.

  22. bharat shah says:

    i think , in case of QUANTUM , you need to send the your copy of first investment application along with documents by post first time.

    1. Karthik says:

      when I opened my Quantum folio, it was not the case. I did not send any documents (I was KYC verified)

      1. Chetan Ambi says:

        Same with me. I didn’t send any documents to Quantum when I invested in last week.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today