POSTED BY October 6, 2010 7:14 pm COMMENTS (2)ON
I would like to invest some money into Indian mutual funds via the SIP route directly with the mutual fund companies (prefer not to go through distributer or broker or agents). I am an NRI and would like to be able to do & view the transactions online. Also, I would like to setup the auto debit from my savings account so that the money gets debited at set the frequency and gets invested in the mutual funds. What is the procedure and easiest way to get started without having to go through a ton of paper work? Can I setup the SIP through major AMC’s like Birla, Reliance, HDFC, Sundaram etc directly? If yes, how do I do it? Do I need to get KYC authorization letter for each of the mutual fund companies? Please advise.