Which Demat account is the best?

[Vikas Rawat]

is it unversal rule that demat name wud as per name in pan card. the name in pan and aadhar is slightly mismatch. part of my surname is recorded as middle name in pan card and pan site but in aadhar it is alright and also in cvl kra it is as per my aadhar card.
two brokers earlier opened my account as per aadhar card but now maximum broker says that they will only open account in the name as per pan card. though i want the name as recored in cvl kra. is it impossible?
and if anyway i open the account otherwise (which is not exactly matching with pan and pan site),sud that be illegal and i wud face difficulties in future?
pls suggest

Sir just update you details in PAN CARD. Updating information in PAN CARD can be done online, no need to visit any Govt. office and the fees is also very minimum. So for future sake update the information it will hardly take a month and you will get your PAN CARD in a months time.

 

[Vikas Rawat]

After reading all the comments above I want to know the advantages and disadvantages mentioned below:

1. Ankur suggested "Go to MF house site which you want to purchase and start investing online (Fill the form Online). For payment you can use any bank account for which you have registered internet banking."

Benefits of directly opening. Are charges less or more. Do they provide it online or does it comes in paper format at home?

2. Subhadip suggested "Open account in zerodha. It demat account will be active"

3. Vagar suggested " Use https://www.mfuindia.com/ to invest directly into direct funds."

So based on all the 3 comments which is the best where I have to pay less money and get more benefits. Whats the reason of opening accounts in zerodha & mfuindia? What are the advantages and disadvantages. Do they cost less if directly purchased from the mutual funds company or it costs more? Do they apply less tax or more tax? I want to know from experts who are dealing with any of these. Because I am a novice but experts can give their suggestions and then I can come to know the reason y they suggested these 3 different options. Your suggestions will have to make a perfect decision.

- You do not need to go each fund house site and buy funds from there. Register yourself with Camsonline and you can buy all mutual funds from their website. you will also get a consolidated statements of your purchased funds.
- Secondly, with DMAT you can buy shares as well as mutual funds as well. But if you want to buy Direct funds, DMAT wont give you that facility. With DMAT you can buy only regular plans. DMAT owner will get some commission everytime you buy funds.
- Third option MFUIndia is up to you. Its a private company whom you can buy funds. no comments.

Just remember one thing to buy MF, your KYC must be done. if not you can go to any fund house or cams office and submit your purchase request with kyc form. Documents require for KYC are your PAN card and AAdhaar card.

Now lets talk about your funds, IDFC Super Saver Income Fund - Investment Plan - Regular Plan (G) is a Debt fund and 2nd one UTI Bond Fund (G) is a Bond. As you are playing very safe here, you need to minimum invest next 5 yrs to get some good returns. I would recommend, invest 3000 each through SIP for next 5 yrs and you will get some good returns.

I hope this will help.

 

[chandann]

Okay I joined a app called Fisdom since these people came to our office and helped us and said its an easy way. So registration and verification all done online