HDFC Investment service account

magnet

Active Member
#1
Before i explain my doubt......Investment service account is nuthing but mutual fund buying allowed through online hdfc account.....Just like 3rd party enable stuff...mutual fund buying from online account...is ISA

Now after entry load removal.....Just got a mail from hdfc that they will charge 100 buks plus taxes every quarter for maintianing the account...

I have enable this account ard 4-5 months back...but except elss i dont used to invest in MF......

I wanted to know ill b paying ard 500 buks per year for maintaining the account.......and in order to make it really worth for me atleast 12-15k investment per year i must do....

DO i have any other option like i say via brokers and all...becoz i want invest in MF according to my conveniance ...as i hardly keep track of it.....may b ill invest a year and wont for another couple...so i think ill b wasting maintainence charge on the account

I request for suggestions regarding the same
 
#2
one query. does thiS help to invest into other MF other than hdfc ? i think that will help to decide.
also mention how far is the AMCs from your house.

regards
 
#4
oh !! it is then difficult. paying 5 % for an activity that you plan to do once in couple of years looks to be on a higher side.
if i was you, i would come out of ISA and go direct to AMC. for tracking you use other sites that help for free of cost .

regards
 

magnet

Active Member
#5
oh !! it is then difficult. paying 5 % for an activity that you plan to do once in couple of years looks to be on a higher side.
if i was you, i would come out of ISA and go direct to AMC. for tracking you use other sites that help for free of cost .

regards
What if i say invest 1k per month yearly 12k ....will it make sense than?
 
#6
in that case direct ECS debit is beneficial. one time activity and it is done.
for tracking they are plenty of free website.s
why to waste 500 rupees

regards
 
#7
is there any bank or financial org which provides the HDFC ISA like service free of cost ? is there a point maintaining a 500 Rs a/c for a total of 50000/- SIP per year? isnt Karvy or CAMS a better option ? what do the experts say ...?
 
#8
if we are paying Rs 500 per year then we need to invest at least Rs 22,222.22 per year in Mfs. the calculation is very simple .the entry load is transfered as commission for HDFC.
if Rs 500 is 2.25 % (assuming it as entry load)...then
Rs 22,222.22 is 100% which we need to invest in any form (bulk or SIP).

if u r planning to put more money per year i feel HDFC is a good option.


also friend, consider the amount of energy ,fuel and money spent to go to the nearest broker. Rs 500 would have hurt me too . i am in search of a better option...like Karvy or CAMS . Solution to ur issue is "one-counter-serve-all-free-of-cost" service.
 

magnet

Active Member
#9
if we are paying Rs 500 per year then we need to invest at least Rs 22,222.22 per year in Mfs. the calculation is very simple .the entry load is transfered as commission for HDFC.
if Rs 500 is 2.25 % (assuming it as entry load)...then
Rs 22,222.22 is 100% which we need to invest in any form (bulk or SIP).

if u r planning to put more money per year i feel HDFC is a good option.


also friend, consider the amount of energy ,fuel and money spent to go to the nearest broker. Rs 500 would have hurt me too . i am in search of a better option...like Karvy or CAMS . Solution to ur issue is "one-counter-serve-all-free-of-cost" service.
ya agreed.....btw how is the brokers scenario...how much they charge now...i heard 1 or 1.5% commission....of the amount invested but u have to pay extra as the whole amount is invested......
Anyone clear on this path as i havent enquired any
 
#10
if we are paying Rs 500 per year then we need to invest at least Rs 22,222.22 per year in Mfs. the calculation is very simple .the entry load is transfered as commission for HDFC.
if Rs 500 is 2.25 % (assuming it as entry load)...then
Rs 22,222.22 is 100% which we need to invest in any form (bulk or SIP).

if u r planning to put more money per year i feel HDFC is a good option.


also friend, consider the amount of energy ,fuel and money spent to go to the nearest broker. Rs 500 would have hurt me too . i am in search of a better option...like Karvy or CAMS . Solution to ur issue is "one-counter-serve-all-free-of-cost" service.
I read in some post that the HDFC investment account fees can be waived by the Manager if negotiated. Anyone tried that?

Also, compared to HDFC investment accuont where one can only invest in MFs I would rather go for an online account with sharekhan which for Rs 400 offers not only MFs but also IPOs, trading, etc.

Only thing I"m not clear is whether the SIP debit (set up thru sharekhan) comes directly out of the bank or thru the sharekhan account. If it comes thru the sharekhan account then its a pain to each time transfer money from bank before SIP date.
 

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