ICICI Direct

#1
Please clarify the following point

If I buy Mutual Fund NAV Units through ICICI direct and if ICICI crashes do I lose all my mutual fund holdings!

And is it safe to invest through ICICI direct?

-Thanks
 

milind

Active Member
#2
Please clarify the following point

If I buy Mutual Fund NAV Units through ICICI direct and if ICICI crashes do I lose all my mutual fund holdings!

And is it safe to invest through ICICI direct?

-Thanks
Your units are still with the AMC, irrespective of who you use as your distributor (ICICIDirect in this case). So even if ICICI crashes, your investment is safe.

Why do you need middle(wo)men to buy MF when you can deal with AMC directly with added advantage of saving transaction charges?

-- Milind
 

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