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POSTED BY ON February 15, 2014 12:54 pm COMMENTS (10)
Hello respected members,
I m regular reader of this forum and getting much better knowledge on financial planing, So i decided to invest in m.f (main part) directly via online and stock market(little bit),
I will invest for around 4-5 years in both and money is around 40-60K, so need suggestion which platform is good? I have sbi saving accounts and yesterday i heard about 3-1 account of sbi capital. I need guidance on it shall i purchase m.f via 3 in 1 account or looking somewhere else?
I got this info that their brokerage charges are high, so guide me over this
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Dear jaimin, as fundsindia is also a broker, you ‘ll only get regular plan there. To get direct plan, please contact respective AMC. Which fund you are going to redeem?
Thanks
Ashal
dears vijay thank you for valuable feedback , but i have one doubt that is funsindia offering direct plan or i have to go with different amc 😛
Even if you want to open a demat account later on, SBI might not be the way to go. Unless of course they do a complete makeover. Speaking from my own experience, their web interface and customer service is way too pathetic. They do send you a ppt demo, but it’s filled with all kinds of errors and not even up to date!
Hi Jaimin,
If you invest in a mutual fund via a broker or fundsindia, it will come under Regular plan. If you invest directly via AMC or Karvy/CAMS it will come under Direct plan.
The differences between direct plan and regular plan is clearly explained in the below article by Manish.
https://www.jagoinvestor.com/2013/04/direct-plan-in-mutual-funds.html
So, if you can spare some time and go to CAMS/Karvy or AMC to start investing in a mutual fund, better go for it instead of investing via broker or fundsindia.
As you asked, to invest in stocks you should have demat,trading accounts.
Dear Ashalanshu,
after saw 5 year performance of that mf increment is only 5% 😛
so better to try in new mf.
today registered with fundsindia and i think in 1 week my account will be ready 😀
Dear Jaimin, why do you want to withdraw? let it continue, if you are not in need of money.
thanks
Ashal
dear Ashalanshu, my kyc is in process step,as my father as invested money on ehalf onf me as minor so right now i want to withdraw that so submitted kyc form at AMC(reliance), now waiting for completion.
Dear Jaimin, if you want to invest in MF alone, please contact the respective AMC directly. for example if you want to invest in Franklin India Bluechip, please contact franklin india office or it’s registrar’s office in your city. if you are a first time investor, the KYC complaince is mandatory. The AMC or it’s registrar ‘ll do needful for your KYC complaince.
Thanks
Ashal
ok for mf if i want to buy direct sheme then have to go with amc or via fundsindia?
You will get a savings,demat,trading accounts in 3 in 1 account.
For investing in mutual funds alone there is no need to have demat,trading accounts.
Generally, the charges by banks are bit higher while compared to the normal DPs (like sharkhan,indiabulls etc.)
As you are interested to invest via online, you can check fundsindia.com for mutual fund investing