Hi All,
I was checking on different ways to start investing in mutual fund. I found this link https://www.jagoinvestor.com/2010/04/what-are-different-ways-of-buying-mutual-funds.html very useful.
I found “Investing through a Demat Account” interesting.
1. It is very convenient.
2. No need to go to different AMCs to get started on mutual fund.
The problem is higher charges. I have to pay commission to the banks.
I checked with SBICap securities about the same. The agent said, there are no charges for buying and selling mutual funds. I need to pay brokerage, if I am buying or selling shares. At present, I am not planning to invest in stocks directly. So if there are no charges for buying and selling Mutual funds, it seems the demat account is the way to go. Please share your thoughts.
If anyone has experience with SBICaps, please share.
Thanks in advance,
Paul