FundsIndia.com Reviews

[MPAI]

Hi Guys, I am planning to open a account at FundsIndia.com to invest in mutual funds. I have heard that there is no brokerage/commission/extra charges to be paid and its completely free.

Is anyone here using FundsIndia, if yes please do share your experience here. I am sure many people will find this very useful.:thumb:

 

[drsambu123]

Hi Guys, I am planning to open a account at FundsIndia.com to invest in mutual funds. I have heard that there is no brokerage/commission/extra charges to be paid and its completely free.

Is anyone here using FundsIndia, if yes please do share your experience here. I am sure many people will find this very useful.:thumb:

Yes its nice portal for mutual fund investment. I have account with them. No charges for buying/holding/selling units except the fund house charges so far.

 

[2021]

I'll give 10 on 10 to fundsindia! It's not just a mutual fund broker site it's so interactive and user friendly that you can think investments is so much fun and easy!

Things like various types of SIPs, addtional redemption or investments made very easy. Also, one can open an SIP account and he/she can add as low as say 500 rs towards running SIP in-between instead of putting full 5000 for a fresh investment! And if that person want to withdraw a certain amount, it's too allowed! You can also have SIPs in ranges from 1000 to 100000 depending upon market condition and not necessary a ceratin amount at a certain date. It's just a glimps. There are several other features. I opened account with them in January and since than I've made more money than equity, if you can believe just by the interactive features they have! At no point I had to email/call them. I "trade" (invest to be precise) almost daily nowadays and out of hundereds of transcations none went wrong or failed. I get prompt sms and email as soon as transactions takes place.

I can't tell anything about customer support as I never needed it. Only twice they called me once during when they got my forms and once when my account was activated. And since than I never called or emailed them and have transcated almost 1.2 lacs rs!

A big thumbup and an honest thanks to fundsindia..!

 

[MPAI]

2021, that is a very detailed review..Thanks a lot..

They are providing various types of SIP as you know, which is better between Regular SIP and Alert SIP?

 

[2021]

Dear MPAI,

I seldom go to my bank and apart from Alert SIP all other viz regular, flexi, portfolio or VIP requires ECS forms. It has to be filled, downloaded, signed by bank and have to courier back to fundsindia. Alert SIP is online transaction one where they notify me via email, sms 4 days in advance and keep sending till due date of SIP. So I'm using alert one.

The other benefit of Alert SIP is it becomes a sole folio in which you can add or redeem amount as low as 500 to 1000 upto any amount. Only drawback of fundsindia is you need to open SIP from rs 2000 but comes with benefit of starting at any date of your wish be it today or any trading day whereas all other SIP providers have specific date of contribution say 1st, 7th, 10th, 15th etc. Suppose you SIP say HFDC Mid-Cap a sum of 2000 you can add 500 today, tomorrow, day after and as per your wish just by transfering money online. If you need money, redeem partial units or amounts on any date in between.

Also your portfolio is visible for both SIP and regular investments. They update portfolio every midnight which you can check in morning and get to know overall profits/losses, average prices of units, current navs.

If you don't want to waste time in going to bank, money in couriers go for alert sip. If you want a formal sip where money is deducted itself, you have to take some pain and use ecs route, choose flexi or regular sip. My way of investment suites Alert SIP as I'm 24x7 available online. Many people who travel alot or can't use computer on specfic date of SIP can use regular or flexi. Hope this helps.

 

[dharamapuri]

Hi Guys, I am planning to open a account at FundsIndia.com to invest in mutual funds. I have heard that there is no brokerage/commission/extra charges to be paid and its completely free.

Is anyone here using FundsIndia, if yes please do share your experience here. I am sure many people will find this very useful.:thumb:

A friend suggested me to Fundsupermart.co.in.
Give them a shot too...
They are specialists in mutual funds and do a very good job at it..

 

[MPAI]

Even I think Alert SIP is better, rather than doing all the paper work.

One more question I had is, if I have choose SIP date as 25th of a month. Is it possible to buy the units before that date (eg. 15th) if I think the NAV is low, is this allowed?

 

[2021]

Even I think Alert SIP is better, rather than doing all the paper work.

One more question I had is, if I have choose SIP date as 25th of a month. Is it possible to buy the units before that date (eg. 15th) if I think the NAV is low, is this allowed?

Thats what I mentioned. Once your SIP starts it becomes a seprate folio in which you can opt for additional investments at any time in between monthly due dates and even remdeptions too.

If I start a SIP in Reliance Banking Fund for 2000 today and tomorrow bank nifty goes down I can pour in further 500. If market rises say 4-5% I can take out full 2500 or as low as 500 per day.

Also SIP date can be flexible upto any trading day and not specific dates. You can start and stop SIP anytime as per wish. I myself started SIP in Birla International equity, invested 2000, 1000, 1000 and 3000 spreaded during 2 weeks on different dates and took all money out with 3% profit and stopped SIP in 1st month.

 

[MPAI]

That's really Great... Thanks for the info.

 

[HarbinderSingh]

Are they registered with SEBI or NSE etc.? They have shown at the bottom of their website KYD reference number. They have their name on the AMFI website. Is this sufficient to declare that they are safe to trade with?

Why don't they have their independent DP registration number?

Hope to get replays.

Thanks