Online investing of mutual funds

[mrindia]

Originally Posted by gargashish

how do i invest through hdfc online mutual fund ?what is the processand advantages and disadvantages? can somebody explain me.

Hello!
If you want to save 'entry load', the first investment should be 'direct', by visiting CAMS/KARVY office. Then u can apply for 'HPIN' & have additional purchases in ur existing folio online.
Happy investing!
mr india

[fast_rizwaan]

hi friends,

i'm fed up of icicidirect service, slow, costly and pilfering with annual charges! I had SIP with ICICIDirect, I have cancelled that today. And want to close icicidirect's demat account. I have demat account with Reliancemoney.

I need your help to know on how to Transfer Mutual Fund units from icicidirect to reliancemoney?

for equity shares, i did transfer twice, but for mutual funds, how should i go about transferring them? please advise.

[mrindia]

Hello!
I do not think you can transfer MFs as per your wish. The units purchased via ICICI Direct have to be redeemed via same channel!

mr india

[Vicky78]

It can be transfered if ICICI provides a no objection certificate. Based on the folio number, the fund house can be contacted to transfer the units directly. Also check out the Reliance Money help desk as they would have the thier own policies about transfering the units from another online agent.

[mitg]

guys,
in case i am investing in MF's through icicidirect, do i receive any hard copy for the same. (for ex: the SIP amt etc.)

[mrindia]

Yes, you will. O'wise also, you can always ask for hard copy at any point of time from AMC quoting your folio no.
mr india

[mitg]

Also, if i invest through icicidirect, shud i keep the account active, till i keep the bonds..

[mrindia]

Originally Posted by mitg

Also, if i invest through icicidirect, shud i keep the account active, till i keep the bonds..

I fear, u have to keep it alive. Your redemption ammount will be channelised back through same route.
mr india

[mitg]

Thanks mrindia..another doubt. In case i go for SIP, does the amount get auto debited very month from my bank account or shud i do it myself

[Vicky78]

the amount gets debited automatically every month from your account