Hi,
As of today all my mutual funds investments are managed by one broker. I wanted to open the online trading account (ICICIdirect Maybe) so that I can start investing myself. I wanted to know the difference in charges being paid to both of these options ?
Regards,
shital
7 Answers
Dear Shital,
Kindly note that having a Demat account is not mandatory to buy Mutual Funds.
If you would like to invest in Direct plans of mutual funds, you may have a look at MF Utility platform.
Let me list out the ways you can buy Mutual fund schemes ;
- You can buy through Mutual fund house websites. There will not be any cost involved (transaction cost) here.
- You can buy through banks or mutual fund advisors or agents. They may charge some subscription or service fee.
- CAMS or Karvy can be another option.
- Online platforms like Fundsindia, Scripbox etc (Fundsindia wont charge anything from Customers. But you can not invest in direct plans.)
- MF utility online platform for investing in Direct plans of MF Schemes. This is an industry sponsored platform. No cost is involved.
Hi,
I have around 10 lakhs in my Fixed deposits which I can use for wealth creation. I dont need it for any short term goal. Can I invest it in equity mutual funds or balanced would be better option?
Regards,
shital
Dear Shital,
May I know your investment time-frame in this case?
Hi,
This money is only for wealth generation.Its not related to any goal.I dont need it for atleast 10 years
Hi,
You may kindly consider a combination of - one diversified equity fund + a balanced fund + a mid-cap fund.
Related articles :
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
https://www.relakhs.com/200-day-moving-average-dma-mutual-funds/
https://www.relakhs.com/best-mutual-fund-schemes-2017/
Dear Sreekanth,
I dont have much idea about the Mutual Funds.but based on information shared on different blogs I shortlisted below funds and I am planning to devide my amount(1000000) as below:
HDFC balanced fund -400000
Franklin Smaller Companies fund-300000
UTI Mid cap Fund OR L&T value Fund -300000 Request you to suggest if it looks OK. Regards, Shital
UTI Mid cap Fund OR L&T value Fund -300000 Request you to suggest if it looks OK. Regards, Shital
Hi,
You may kindly consider L&T value fund / Birla Equity fund instead of UTI mid-cap fund. The other two funds are fine.
But kindly be aware that mid/small cap funds have higher risk profile.
Please login or Register to submit your answer
Hi Sreekant,
Thanks for the information.I could see all my funds through CAMS and Karvy.
Regards,
Shital