Should I register with FundsIndia to manage my Mutual Fund Portfolio ?

POSTED BY Ashwin Rao ON November 14, 2013 9:07 am COMMENTS (17)

Hi Manish/Ashal/and all the other knowledgeable people in this forum…

I am trying to understand the MF investment option and want to start investing in small proportion. Currenlty I do not have anything more than 10k with me for investment. I went through the forum post on MF basics and now have a fair understanding of MFs.

But, I need guidance on investing. There is an ad of FundsIndia in JagoInvestor page which claims to manage our MF portfolio.

Will it be a wise decision to register with them to start my investing ? If no, what method do you suggest me ?

Kind Regards – Ashwin

17 replies on this article “Should I register with FundsIndia to manage my Mutual Fund Portfolio ?”

  1. Ashwin Rao says:

    Hi Manish…

    Thank you very much for the quick response. The reason I was looking at those riders is that I am very much accident prone person. I have met 2 major and another 3-4 not so major accidents in past 10yrs period. You say this desitny or wathever but thats the truth in my case.

    Anyways, I will go with your advise and will not waste any further time.
    Thank you once again.

    Kind Regards,

    1. In that case, you should not take a RIDER with term plan , but a full fledged accidental cover and a pure health insurance plan . Accidental riders in term plans are just plain vanilla one’s . In your case, a proper accidental plan is needed and will be a good choice.

      Read more on that here –

      But be fast on action part 🙂


  2. Ashwin Rao says:

    Somebody please reply to my term insurance query.
    I have found the answer to the PPF query when I visited SBI branch near my house today. So please disregard that query.

    Kind Regards,

    1. Hi Ashwin

      I may be a bit harsh here , but I think you are over analysing at this stage. This is exactly what I tell most of the times to investors where they go wrong . In your case, LIFE INSURANCE component , is the 99% core thing , And chances that your family will require that is again 98% 🙂 . So In total there is a remote chance that you will ever use that policy, and the riders . So riders are very “extra” point .

      In process of finding the “best” policy, you are loosing on time, and may be there comes a stage where you feel – “Baad me dekhte hain isko” .. And then you again wake after a year 🙂 .

      So my suggestion is that your core focus has to be on “life insurance” bit first and for that you can go with any insurance company . My suggestion is go directly to a life insurance company website and buy there. Any company you might be talking to may be biased , like any other advisor .

      If rider is part of the company you choose, well and good , otherwise dont wait too much to find the product which might not exist. Thats my way of thinking, see if you are aligned with that thought process or not . If yes, take action .

      Else , go a as per your plan . Best of luck


  3. Ashwin Rao says:

    Adding to my previous query, yesterday I had a chat with a representative. I checked with him for term cover which provides waiver of premium and permanent disability rider. He said both of them are available in Edelweiss Tokio, but the premium would be around 15k p/a. Rather than that he suggested me AegonReligare iTerm (8,500) + another policy from Aviva for permanent disability rider (1,500). Total of 10k per annum, 30yrs converage.
    Is this a good choice, please advise.

    Also, I need one more information. Is adding additional amount to a PPF account of a particular monthly deposit allowed ? I mean, if I have a PPF account of 1k monthly deposit, can I deposit an additional 10k in a particular month ? Is this allowed ?

    Kind Regards,

  4. Ashwin Rao says:

    Hi Ashal,

    I remember reading in this forum that Waiver of Premium is the main rider to look out for when buying a term cover policy. But found only 2 policies providing this rider.
    1> AegonRelicare iTerm – 8,400/- p/a premium
    2> Edelweiss Tokio 12,400/- p/a premium
    Both of these are for 75lacs cover for 25yr period. I got these from

    What would be your choice ? What should I do ? Do you prefer/refer any other policy ?

    Kind Regards,

  5. ashalanshu says:

    Dear Ashwin, OK. Please go ahead.



  6. Ashwin Rao says:

    Hi Ashal,
    Thank you for the reply.

    Yes she is working now (teacher in a private school). But you know that women have to quit their jobs during pregnancy; so her job will be on and off. So probably, for now, I will let go the idea of a term cover for my wife. And get one for myself, around 75lacs.

    Kind Regards,

  7. ashalanshu says:

    Dear Ashwin, if she is working, there should be term cover for her also. Please decide the cover amount (sum assured) for each of you based upon your need and not a random or comfort number. How about purchasing 1Cr. for you and 50L for her?



  8. Ashwin Rao says:

    Hi Ashal,

    I found that with 10k p/a premium I should be able to get a term cover of up to 1 crore. So here is my query, rather than having 1 term cover for myself of 1 crore how about dividing the same in to 2 term covers for me and my wife ? 50 lacs each ?

    What do you suggest ?

    Kind Regards,

  9. Ashwin Rao says:

    Hi Ashal….
    Hope you enjoyed your vacation 🙂

    Ok… I will check for term cover first. I will check online and get back to bug you more.

    Kind Regards,

  10. ashalanshu says:

    Dear Ashwin, I was out of town (on vacation, hence no reply). thanks that you founf that FAQ discussion useful.

    Regarding your basic query. First of all please purchase the target sum assured Term cover. Let the prem. be fixed here and you ‘ll get clear view of remaining amount out of 40K. Say it’s 30K now. Invest 10K in PPF and 20K in Eq. MFs.



  11. Ashwin Rao says:

    Somebody please respond to my queries…

    Kind Regards – Ashwin

  12. Ashwin Rao says:

    I went through the forum post “Finacial Planning FAQs” posted here around 1n1/2 yr ago from past 2hrs and … WOW!!!, no words to praise you Ashal. You are the financial GOD. Thanks a ton to Sowmi too for accruing so much queries and posting them here. Now, I have few queries of my own based on my plans.

    I have a SBI-ShubhNivesh of 35k yearly premium. Last month I paid the 2nd premium. (this is the only so-called investment I have currently)
    Q1> Would it be a wise decision to make it paid up and then divert that 35k, partly to a term-insurance, partly to a PPF account and another part in to MFs ? Probably I should be able to pool-in another 5k, so all in all 40k per year.

    Q2> If yes, what would be the best ratio for dividing this 40k ?
    My plan is 5k in PPF, another 5-7k in term-insurance; I am now 34 and am looking for a term insurance of around 40-50lacs. The remaining amount should go to MFs.

    I was checking about ICICI Prudential Focused Bluechip Equity Fund through SIP investment. I used a SIP-calculator from and got the below calculation.

    Investment Period – Nov 15, 2008 to Aug 15, 2013
    No of Investments – 20
    Total Amount Invested (Rs) – 2,00,000.00
    Total Units Purchased – 15,342.21
    Investment Value as on Aug 15, 2013 – 2,43,174.03
    Latest NAV – 17.62000 (as on Nov 14, 2013)

    Q3> So does this mean that for my 2lacs invested, I will get back 2.4lacs in 5yrs (apprx) ? So, if I calculate for a long term say, 20yrs; then, for 8lacs investment will I get only 9.16lacs returns ? If this is yes then don’t you think the ShubhNivesh is better, where I will get atleast 10lacs returns for the 7lacs I invest in 20yrs. I am confused, please explain this, probably a detailed note on how SIP works will be more beneficial. You may please refer any link for this and I will go through it.

    Kind Regards – Ashwin

  13. Sumit says:

    You are welcome, Ashwin.


  14. Ashwin Rao says:

    Thank you for the advice and inputs Sumit.

    Grateful to this forum as I have learnt lot of things related to financial planning.

    Regards – Ashwin

  15. Sumit says:

    Fundsindia is a very good choice, services are free and there is no transaction fee, account opening and account maintenance fees etc. So, if you are a beginner – who will require suggestions on funds , schemes , better ways to invest, want to invest in mutual funds from different fund houses, and want to maintain a single login to to manage all your funds, portfolio, then yes, it’s the best choice.

    But remember from fundsindia (or from any other broker, banks, distributor) you will be buying regular plans of any mutual fund, and if you approach to the fund house to buy mytual fund from their AMC (like HDFC top 200 from HDFC AMC, ICICI Focussed bluechip fund from ICICI AMC) – then you will be buying the direct plan.
    Now, why I am saying this because their is a difference in expense ratio between direct plan and regular plans (.5% -.7%), so yearly difference of this much in return can lead to a significant in long run (10/15 years). But, yes you have to take your investment decisions independently – anyway you have to take your investment decision sooner or later.

    So, think about it. 🙂


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