What is the difference between buying an ELSS through AMC and buying it from ICICI direct ?

POSTED BY Patrick ON April 6, 2014 6:47 pm COMMENTS (13)

I want to buy an ELSS with direct plan, Please tell me differences between above mentioned 2 methods.

 

13 replies on this article “What is the difference between buying an ELSS through AMC and buying it from ICICI direct ?”

  1. Hemanth Chandra says:

    Some extra charges will be there for every transaction that you make from ICICI direct demat account which will not be there if u buy from AMC or broker . So, better buy from ICICI AMC or broker instead of ICICI Direct demat account.

    Regards,
    Hemanth.

  2. ashalanshu says:

    Dear Patrick, please contact respective AMC to invest in direct plans of ELSS of your choice.

    Thanks

    Ashal

  3. ashalanshu says:

    Dear Patrick, you mean to say, you ‘ll not invest in direct ELSS as data for same is not available on VROL?

    Thanks

    Ashal

    1. Patrick says:

      Hi ashalanshu,

      I was just confirming it

  4. ashalanshu says:

    Dear Patrick, the difference ‘ll come in the form of expense ratio. If you purchase from AMC directly, it ‘ll be a direct plan with lower expense rartio, translating into higher return to you. If you purchase from Icici-Direct, it ‘ll be regular plan of same ELSS with higher expense ratio and thus lower return to you.

    Thanks

    Ashal

  5. Jasjit says:

    Hi Patrick,

    Direct plans are only available , if you buy directly through AMC.
    If you buy through ICICI Direct, it will only be regular plan for particular MF ELSS Scheme, not the direct plan.

    Regards
    Jasjit

    1. Patrick says:

      Hi Jasjit,

      So if I buy ELSS through AMC, then where can i see my investment stats(how much returns i got till that day).

      1. Jasjit says:

        Hi Patrick,

        In order to track your returns for direct plans,
        1) You can create a portfolio in any of the portals like Valueresearchonline, Economictimes.
        2) Add you Direct plan MF ELSS in that and track it

        1. Patrick says:

          Hi Jasjit,

          I have checked in valueresearchonline, it is not showing direct plan of any MF ELSS to add, only showing regular plan.

          1. Jasjit says:

            You can add Direct and Regular Plans in Valueresearchonline Portal, I have it in my portfolio on that site

            1. Patrick says:

              Is ICICI Pru Tax Direct-G and ICIC Pru Tax Plan Reg-G are same ?

            2. Patrick says:

              Hi Jasjit,

              Is ICICI Pru Tax Direct-G and ICIC Pru Tax Plan Reg-G are same funds? (other than difference in direct and regular plan)

            3. Jasjit says:

              ICICI Pru Tax Direct-G and ICICI Pru Tax Plan Reg-G are same fund

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