4 replies on this article “Swictch to Direct MF”

1. Ashal Jauhari says:

   January 31, 2013 at 9:23 am

   Dear Kapil, folio no. is just like your bank account no. Your credit & debit entries are made under a folio no. No matter you are purchasing through a broker or direct. So yes, you can purchase directly under an old folio no.

   Thanks

   Ashal

   Reply
2. Kapil Tiwari says:

   January 31, 2013 at 2:26 am

   Dear Ashal, are you suggesting that the old folio number which was allotted in the regular plan can be used even for the direct plan, the only difference being that for the direct plan, one has to approach the AMC directly? So an SIP under a direct plan can be started using the old folio number (earlier used for the regular plan)?

   Reply
3. Ashal Jauhari says:

   January 30, 2013 at 10:56 pm

   Dear Raghav, please quote your folio no. to each AMC, you are dealing with as of now & ask for online direct option. The customer care staff ‘ll help you out.

   Thanks

   Ashal

   Reply
4. Free Financial Calculators says:

   January 30, 2013 at 12:21 pm

   You need to register with individual fund houses ‘directly’ and then once you get an online account you can switch your regular MFs to direct plans.

   registering can be done online for some and by a physical visit to the nearest branch

   Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.