September 26, 2013 11:55 am
I’ve joined SBI Emerging Business Fund Direct Growth SIP. But I’ve found that it’s not a good fund and I was fooled by the agent.
I’ve two questions:
Dear Mediamonkey, let me try to answer your queries. SBI Emerging Business Direct Growth – indicates that your agent has not received any commission on the amount paid by you to the MF company. How can you say that your agent has fooled you?
1. Switch to other fund possible right now. Please be ready to pay exit load from the existing fund.
2. Let me put a counter question to you, using your SBI account number, can you put money in ICICI bank?
Just curious to know how you concluded that this is not a good fund? I have read in some places that it is a good fund, though my knowledge in MF arena is very limited. So, wanted to learn from your experience.
And regarding your question,
1. are you talking about exiting this fund & switch to another fund? In that case you have to pay the exit load, if applicable.
2. This seems to be a direct plan, so you bought this from SBI directly & not through any broker? In that case I don’t think you can use your folio a/c from one AMC to another AMC. You should just redeem the SBI fund, get your money & invest in another fund of your wish..
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