Planning to invest first time in mutual fund through fundsindia – Need clarification

POSTED BY vikram ON March 24, 2014 2:32 pm COMMENTS (6)

I am planning to invest first time in mutual fund through fundsindia

One of fundsindia adviser suggested me mutual fund

ICICI Pru Focused BluChip Eq Fund-Reg(G)

For how many years i have to take this?

I can invest minimum 12000 / year.

As you guys are expert in mutual fund domain , i need your suggestions?

6 replies on this article “Planning to invest first time in mutual fund through fundsindia – Need clarification”

  1. ashalanshu says:

    Dear Vikram, take your own time to understand but certainly do not take your life’s time. 🙂

    Thanks

    Ashal

  2. vikram says:

    As i am looking for 1 or 2 AMC, agreed to go to AMC directly. Before going direct to AMC
    I need to understand fund parameters like expense ratio etc..
    I will take some more time to understand mutual fund well without hurry.
    Thanks Hemanth and Ashalanshu for such nice and quick reply.

  3. ashalanshu says:

    Dear Vikram, over the period of next few years, w’d you invest with 3-4 AMCs or 30-40 AMCs? If your answer is 3-4, go for direct AMC route. If you are planning to invest with 20-30-40 AMCs in next few years, please take help of fundsindia to consolidate all your holdings at a single place. ICICI bank is not mandatory to have account with fundsindia. A lot of banks are tied up with fundsindia and in all probability your existing bank is also there.

    Thanks

    Ashal

  4. vikram says:

    As i saw this fund doing well from past few years (performance)
    what are the parameters of fund i need to consider?

    Reason of investing through fundsindia is i can manage all my investment trough one site, also i don’t have ICICI account . i think there is need to have bank account to take mutual fund, also fundsindia is not charging any thing they are getting commission from AMC directly, it is always better to go direct to AMC, what i should do?

    1. Hemanth Chandra says:

      Dear Vikram,

      Go through the pdf in below link to know how you have to choose a mutual fund.
      This is a way to choose a fund. You may not stick to this.
      http://freefincal.files.wordpress.com/2012/12/how-to-choose-a-mutual-fund.pdf

      To invest in ICICI Mutual Fund, you don’t need to have a bank account in ICICI. You just have to bank account from any bank. That’s it.

      If you invest directly with the ICICI AMC, instead of investing via fundsindia, then the expense ratio will be less, so you will get better returns in long term compared to the returns that you get when you invest via fundsindia.

      My sincere advice is to go through the articles by Manish on mutual funds and then start investing. There is no hurry to start. Just understand the mutual funds and then start investing. Without understanding, if you start, then you will be in trouble.

      So, learn before start investing.

      Let me know in case of any clarification required.

      Regards,
      Hemanth.

  5. Hemanth Chandra says:

    Dear Vikram,

    If I say, don’t invest in this fund and invest in some ‘XYZ fund’ , what will you do ??

    Also, why invest through fundsindia…. ??

    Regards,
    Hemanth.

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