Financial agent or online account or investement agency

#1
Hi all,
I am a new guy on the field.. I am planning to do a SIP in either HDFC top 200 or SBI Magnum Equity... I have approached a financial agent... HE s a good one i guess.. But i have a small feeling why the hell i ll be paying this guy when i can get this thing for free online from a website like fundsindia.com..? But then agian is this reliable..? And also companies like Bajaj Allianz lnvestment agencies are offering free services... So i am in a bit of dilemma as to which way i have to proceed..

Is there an SIP option for HDFC Mid Cap Growth fund...?
 
#2
Hi Manoj,

Welcome to the investment fraternity. Your choice of HDFC Top 200 is an excellent one. I would pass on Magnum Equity if it were you. However, if you are planning to invest in multiple funds, it would be apt if you give more information about yourself.

I didn't get where Bajaj Allianz fit into this scheme of things. Are you suggesting Bajaj Capital? If so, they are good intermediaries i.e. they will help to collect your forms and submit to AMC, redemption etc. However, for active portfolio management, you may want to think more.

Did you mean HDFC Mid-Cap opportunities fund? If so, the answer to your question is YES. You can apply for SIP into the same.

Happy Investing !!
 

milind

Active Member
#3
Hi all,
I am a new guy on the field.. I am planning to do a SIP in either HDFC top 200 or SBI Magnum Equity... I have approached a financial agent... HE s a good one i guess.. But i have a small feeling why the hell i ll be paying this guy when i can get this thing for free online from a website like fundsindia.com..? But then agian is this reliable..? And also companies like Bajaj Allianz lnvestment agencies are offering free services... So i am in a bit of dilemma as to which way i have to proceed..

Is there an SIP option for HDFC Mid Cap Growth fund...?
There is no need of an intermediary if you can spare time to be investment literate and keep track of your portfolio periodically. There is loads of information on TJ, as well as value research, if you are motivated to learn.
 
#4
@manojmsr
your orientation will define the investment experience!
if you think the agent is out to fleece you, then nothing will give you confidence to move ahead with an open mind!
next, if you think you can do it yourself online, do check out all sorts of possibilities... you can look at www.icicidirect.com, www.sharekhan.com, www.fundsupermart.co.in, www.hdfcsecurities.com
decide for yourself whether anybody is offering what you actually need... if it is only mutual funds, you can try the specialist in that area
happy investing...
 
#6
..... & 30/- for every SIP installment.
A small correction.It's 30/- or 1.5% whichever is lower.


I was under the impression that if I invest directly & not go through a distributor then it would in a way help the AMC save the commission but I guess i was wrong.

Have a look at this linkhttp://www.jagoinvestor.com/2010/04/understanding-different-commissions-on-mutual-funds.html

I quote from the above link :

"Note : The trail commission is deducted out of NAV anyways , whether you invest directly or through some broker . If you invest directly the trail commission is pocketed by AMC itself ."
 
#7
Money stuck in LLoyds Finance FDs

Have money stuck in LLoyds finance purchased by my father around 2001.How can I get atleast the principal back.Similar money stuck in DSJ,Empire,Nagarjuna,CRF and IFB Finance.Is someone aware how to get it back?
 
#8
@ dimplec,

If your FD with Lloyds finance was less than 10,000/- ,then you can immediately get the principal back.

DSJ & IFB finance are under liquidation.So you need to put up your claim before the official liquidators.
 

rvm123

Active Member
#9
u can go to the site of the concerned MF and buy or sell online. Nowadays, most of the MF houses are open for online transactions. only requirement will be PAN No. and KYC compliance.
 

Similar threads