Canara Rebaco Large cap+

[sureshsharma1979]

hi

Their is a new mutual fund canara rebaco which was released on 26 june. As i hv gone through the ofering ad hv foynd it to be intresting.

But before i proceed i will like to know if i cn go fr investment in as it is new , also i was new for this field. As i hv never invested before in mutual funds . Can any body help me on the below questions

1. As it is new in the market, their is no track record of it. Is is wise to invest in suh a fund.
2. I m pontial to take a risk while in investing in equity. I will be looking in long term gain .as i will be investing in it ad forgetiig for 2-3 years.will the fund perform good.
3. How has canara rebaco fund performed in the past
4. What shold i invest in growth, divident payout or reinvestment.

Thnk if any body cn help out is making a design on it.

Also cn any body adv which broker shold i use, i m account with citi bnk they too provide servises. As their services ok

Thnk suresh

 

[nikrod]

hi

Their is a new mutual fund canara rebaco which was released on 26 june. As i hv gone through the ofering ad hv foynd it to be intresting.

But before i proceed i will like to know if i cn go fr investment in as it is new , also i was new for this field. As i hv never invested before in mutual funds . Can any body help me on the below questions

1. As it is new in the market, their is no track record of it. Is is wise to invest in suh a fund.
2. I m pontial to take a risk while in investing in equity. I will be looking in long term gain .as i will be investing in it ad forgetiig for 2-3 years.will the fund perform good.
3. How has canara rebaco fund performed in the past
4. What shold i invest in growth, divident payout or reinvestment.

Thnk if any body cn help out is making a design on it.

Also cn any body adv which broker shold i use, i m account with citi bnk they too provide servises. As their services ok

Thnk suresh

I would advice you not to invest in NFO (New Fund Offer). If you go throgh some threads here on NFO'sm you will understand better. If you are 1st time investor, start SIP in prooven large cap funds like HDFC Top 200, Franklin India Bluechip, Birla Frontline Equity, DSPBR Top 100 etc.

 

[sureshsharma1979]

Hi

thnk for your feedback, can you pls advise which broker should i use.
I hv a account in citibank and they hv opned a investment account for me.
charges are for me as under .

Equity
20000 and below 2% ( transaction fees sub ) Nil ( for SIP)
Above 20000 2% ( transaction fees sub ) Nil ( for SIP)

Equity Arbitrage Funds NIL NIL
Equty Elss Funds NIL NIL
Debt NIL NIL

MIP
20000 abd below 0.5% NIL ( for SIP)
Above 20,000 0.5% 0.5% ( SIP)

Or should i approach icici direct?

Thnk Suresh

 

[nikrod]

Hi

thnk for your feedback, can you pls advise which broker should i use.
I hv a account in citibank and they hv opned a investment account for me.
charges are for me as under .

Equity
20000 and below 2% ( transaction fees sub ) Nil ( for SIP)
Above 20000 2% ( transaction fees sub ) Nil ( for SIP)

Equity Arbitrage Funds NIL NIL
Equty Elss Funds NIL NIL
Debt NIL NIL

MIP
20000 abd below 0.5% NIL ( for SIP)
Above 20,000 0.5% 0.5% ( SIP)

Or should i approach icici direct?

Thnk Suresh

If citi is charging you NIL for all SIP's then stay with citi account. ICICIDirect charges 30 rs. per SIP investment. That means a SIP for 12 months would cost you 360 Rs.

 

[sureshsharma1979]

Hi I just chked with the ICICI , they are charging 30rs for entire one transaction in SIP. foreg if i take a sip for 12 month they will charge me 30rs only .

on citi i m bit doubtful , as they say and do different

 

[nikrod]

Hi I just chked with the ICICI , they are charging 30rs for entire one transaction in SIP. foreg if i take a sip for 12 month they will charge me 30rs only .

on citi i m bit doubtful , as they say and do different

I could be mistaken but check with ICICI again. Because when they launched the new charges, there was outcry from small investors investing in Rs. 500 to 1000 a month since the load came to 6% & 3% for them. ICICI later on changed it to 30 Rs. or 1.5% whichever is lower. Please check the charges again. Also if there is mistake in my assumption & it's confirmed, please let us know.

 

[yodlee99]

To be precise, I pay 33.09 Rs. (incl. service taxes) per SIP. If there are 2 SIP transactions per month, one has to pay 33.09x2x12 Rs. per year. Please correct me if I am wrong.
I have also known that HDFC online charges a flat fee of 800Rs per year. Are there any other online brokerage firms that would charge less than this ?
How about Reliance money/ citibank etc.

Thanks!

 

[sureshsharma1979]

To be precise, I pay 33.09 Rs. (incl. service taxes) per SIP. If there are 2 SIP transactions per month, one has to pay 33.09x2x12 Rs. per year. Please correct me if I am wrong.
I have also known that HDFC online charges a flat fee of 800Rs per year. Are there any other online brokerage firms that would charge less than this ?
How about Reliance money/ citibank etc.

Thanks!

Hi All

You both are right , the guy from ICICI who came to me lied. When i spoke with the icici customer care their are a new story to tell . as advised by u they were deducting rs30 or 1.5% which ever is lower . they will be deducting every moth.

truly speaking i never expected such like of from ICICI. I m holding other insurance policies . But never faced any problem this . This is disgusting . thnks bros for opening my eyes. I would hv been feeding them instead for working on my investment growth

Yodlee
i chked citibank that hv advised that if you are investing in SIP with a value less then 20,000 per month their will be no charges.i.e if you pay 19000 per moth on sip for 12 month u will not be paying any changes . u can chk the above post from me i hv mentioned all the changes . But if u r hving an account with citibank then only u will gain .

 

[nikhilfake]

yodlee99 is correct. I pay the same.

sureshsharma1979, I would much rather be with an Indian Bank than with Citi, or some foreign bank. This is just my opinion.

 

[sureshsharma1979]

yodlee99 is correct. I pay the same.
sureshsharma1979, I would much rather be with an Indian Bank than with Citi, or some foreign bank. This is just my opinion.

Hi Nikhifake

Can you pls elaborate , as per the banking services frm citi bank i m quite pleased never had any problem with them. Where as my experience wirh sbi ad icici was always bitter.

Where i m found my brother always fighting with canara bank servuces:rofl: . So i cnt rely on ant public sector bank.

I m new to investment services offered by citi bank. If u had any bad experience with them pls let me know.

I hv chked their sip charges which were lower than the icici. By hv to chk if their is no other hidden charges.

Thnk suresh