Online MF trading platform

kmj

New Member
#1
Hi all,

I'm searching for a online platform for transacting Mutual Funds. I do not want to go for ICICIdirect as I had some bad experiences with them.
Please suggest me some good options where they charge one time fee only but no AMC.
Thanks.
 
#2
Hi all,

I'm searching for a online platform for transacting Mutual Funds. I do not want to go for ICICIdirect as I had some bad experiences with them.
Please suggest me some good options where they charge one time fee only but no AMC.
Thanks.
No online platform charges 'one time'. They deduct entry load on each new investment.
mr india
 

kmj

New Member
#3
That is correct. They charge entry load when ever you buy any MF.
Actually I'm looking for platform that may charge entry load and /or account opening fee but no Annual Maintenance Charge.
 
#4
That is correct. They charge entry load when ever you buy any MF.
Actually I'm looking for platform that may charge entry load and /or account opening fee but no Annual Maintenance Charge.
As far as I know HDFC Investment Acc does not charge annually or on start. Other banks also may have same criteria as far as only MF purchases are concerned.
 

kmj

New Member
#5
Thanks for sharing your views.

The problem with HDFC Investment is that they, like many others, is just an AMC. They sell MF belonging to HDFC only. What if I want to buy Birla Sunlife or Reliance MFs. Considering this scenario, I was looking for a broker house providing online trading facility for all MFs. (eg. ICICI direct).
 
#6
Thanks for sharing your views.

The problem with HDFC Investment is that they, like many others, is just an AMC. They sell MF belonging to HDFC only. What if I want to buy Birla Sunlife or Reliance MFs. Considering this scenario, I was looking for a broker house providing online trading facility for all MFs. (eg. ICICI direct).
This is factually wrong that HDFC Investment Service Account sells products of HDFC AMC only. They may not cover all AMCs but cater to large number of AMCs.
 
#9
Yes, you are right.
Actually I mistook for something else.
Actually there is a difference b/w HDFC bank & HDFC AMC.
HDFC bank acts as a broker for its saving acc holders. After registration for 'investment saving account' we can purchase various MFs from our saving acc via netbanking.
Keep in mind that entry load is deducted each time!

mr india
 
#10
Well other then ICICI , next option is definitely HDFC, even Kotak securities India is also a great one for online trading.

Regards,
Conan