Online investing of mutual funds

[muralimr]

I want to start discussion on investing online for Mututal Funds and Get feedback from people who are alredy using this facility

Sites offering online investment for Mutual Funds

ICICI Direct
+ Easy to use
- SIP triggered as new investment (load is different for fresh & SIP )

Kotak Securities
+ Easy to use
- Only few mutual funds

HDFC Bank
+ As NetBanking offer, no trading account needed, so annual charges/no demat charges
- Only HDFC & ICICI Mutual funds
- No SIP

Do you have any other idea or feedback on usingindividual mutual funds sites? (Like Reliance, Franklin templeton, SBI etc..)

[sarathc]

Franklin Templeton offers the facility. Check out the link 'Shareholders' - 'View your accounts' on their home page - http://www.franklintempletonindia.com.

They have a very nice and easy user interface to buy/redeem your investments. You need to have your bank account with ICICI Bank, HDFC Bank (I think they are expanding the list) to buy units online.

[sarathc]

The new fund house Quantum AMC is also providing the facility to buy units online in their schemes. Check out: http://www.quantumamc.com

[megapixel]

does anybody here use icicidirect for online Mutual Fund transaction ?

i just want to know, whether they cut service charges or not.

if they cut charges , then how much ? and is it yearly ?

i read the FAQ, these are not clear in their FAQ.

do you know ?


suppose, i want to buy couple of Mutual Fund scheme.....will icicidirect charge me for this ? if so, how much ? when they charge ? is it yearly or what ?

[Traderji]

As far as I am aware icicidirect does not have a service charge for mutual fund transactions as they earn a commission from the Mutual Fund for every sale they make.

For more clarification please contact them directly. Their list of tel numbers at

http://www.icicibank.com/pfsuser/customer/cuscarenos.htm

[dominicsp]

I invest using citibank and its very convenient, the only issue is they have tied up with around seven fund houses like templeton, fidelity, icici, hdfc, birla, principal etc they have no tie up with Reliance, magnum or Sundaram. Otherwise u can invest on the click of the button.
Regarding maintaining a min balance, u can invest 5000 in a tax saving fund and not worry abt the min balance for three years

[satish_goteti]

Dear friends,

I need a small clarification. While investing in ICICI mutual funds online, apart from the entry loads, is there a transaction charge from ICICI like brokerage in equities? If so can someone point me to a place on their website which details there charges?

What I would like to understand is if I invest 5000 in Brila Sun MF for example, with an entry load of 2.25%, do I also pay some brokerage to ICICI?

Regards
Satish

[Venkat_Tiruchy]

Dear Memebers,

i am just starter of investing mutual funds, i ventured nearbout on 10 schemes but the quite often problem is traking the NAV's on daily basis and also knowing the dividend declare announcement.( often these fund houses doen't communicate in time) hence most of the times i am in dark.

do i have any web based or desktop based tool with which i can track my mutual fund schemes on daily basis, with an update of dividend declare message.

moreover i am now interested in venturing little bit in stock scripts also.

also my present job nature involves often deputation on overseas, is there any menthod where i can buy, sell, and track my stock portfolios's online with the mimimum cost involved.?

your prompt reply will be very highly appreciated.

regards
Venkat

[satish_goteti]

Venkat - Good news...everything you have asked is possible.

Quick answer : MF - you can track your portfolio on www.myiris.com
Stock trading while you are abroad - use any of the broker mentioned in the forums here and ask them for an online account and you don't have to talk to them at all to do trading/investing into Stocks. Make sure you have a Trading Account/ Dmat Account/ Bank account all linked up so that you can save time.

Bad News - You have to search through various posts in this forum to get the right information. Clue/Tip is go through the forum organization in the first page of this forum and you will easily find your way..

Good Luck

Satish

[sampathreddy]

Originally Posted by dominicsp

I invest using citibank and its very convenient, the only issue is they have tied up with around seven fund houses like templeton, fidelity, icici, hdfc, birla, principal etc they have no tie up with Reliance, magnum or Sundaram. Otherwise u can invest on the click of the button.
Regarding maintaining a min balance, u can invest 5000 in a tax saving fund and not worry abt the min balance for three years

Hi,
I want to use CITIBANK for buying mutual funds online. I checked their website. They are asking to contact their Relationship manager in the following cases. Now I am staying outside India. I want to know whether it is mandatory to meet CItibank Relationship manager in the following cases.

You can use Citibank Online to invest in those Mutual Funds in which you already hold some units. However, if you have yet to subscribe into a particular fund you would need to fill in the documents required by the Fund houses. You may contact our Relationship Managers at the Citibank Branch closest to you.

Citibank offers you the facility to set up a Systematic Investment Plan. We request you to contact our Relationship Managers at the Citibank Branch closest to you, who would help you fill in the necessary documents.

If I opt for RIS from citibank (Regular Investment Scheme), Is this considered as SIP from Fund House (No Entry Load).

And they didn't mention about any MIN balance requirment in the website. Can somebdoy tell me some details about this.

Any help in this regard will be highly appreciated.


Thank you

Sampath