In an article you have explained precisely the website though which we can invest mutual fund -direct plan. I read the reviews and saw rating as below 4. I have a query ,if I spend money through this website and due to some reason website closed ex.like vijay malya or satyam infotech.then how will I retrieve my investment amount sir.Through bank I feel it is safe.
Sir, would you kindly tell me which website you use for SIP?
1 Answers
Hi,
Even if the mentioned website(s) shut down their businesses, let's understand the fact that our money is getting invested in Mutual fund shcemes and not in these websites/platforms.
Once your transaction is processed through any platform, you will generally get a MF statement from the fund house, you can also raise a request through RTAs for MF consolidated statement.
You can also redeem the units through fund houses / RTAs.
Kindly note that you can invest in Direct plans through respective Fund house websites or through MF industry sponsored platform ie MF Utility also.
Suggested readings :
https://www.relakhs.com/mutual-fund-consolidated-account-statement/
https://www.relakhs.com/mf-utility-mutual-fund-online-direct-amfi/
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