NRI Investment thru HDFC online

#1
Hi,

I opened an account with HDFC to invest in MF online as NRI customer. I have been investing in several MFs online.

Does anyone know if HDFC charges for entry load? How do they make money? My sister in India invest in MFs through local investment company. She gets back 50% of their commission back.

Would I save money by investing in SIP though local agent in India?

Please advice.

Thanks in advance.
 

milind

Active Member
#2
Hi,

I opened an account with HDFC to invest in MF online as NRI customer. I have been investing in several MFs online.

Does anyone know if HDFC charges for entry load? How do they make money? My sister in India invest in MFs through local investment company. She gets back 50% of their commission back.

Would I save money by investing in SIP though local agent in India?

Please advice.

Thanks in advance.
Don't know about HDFC online, but we are in no-load regime now, for more than 6months. If you are paying entry load, find somebody else to invest with. Investing online directly is easy with many large AMCs, they don't charge any load, and there is no need for any intermediary.

-- Milind
 

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