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Old 23rd January 2016, 15:36   #991
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Default Re: The Mutual Funds Thread

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Originally Posted by sgiitk View Post
2. Remember the Focused Bluechip is a large/giant cap fund, while Dynamic is a diversified fund..
But isn't it unusual that a large cap fund slightly outperforms a diversified fund over a large period? A diversified fund also invests in mid caps and small caps, so should easily beat a large cap fund.

Actually the reason for this slight underperformance is that ICICI Dynamic periodically shifts to cash and during these times behaves more like a balanced fund.

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Now the HDFC Prudence (Div) has become monthly dividend. I am not sure whether it is good or bad - more bookkeeping for sure,
If you hold any Equity MF such as HDFC Prodence for more than a year, you can give yourself a dividend (i.e. make a redemption) whenever you wish. The dividend anyway comes from the NAV of the MF.

Last edited by nowwhat? : 23rd January 2016 at 15:44.
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Old 24th January 2016, 10:19   #992
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Default Re: The Mutual Funds Thread

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1. But isn't it unusual that a large cap fund slightly outperforms a diversified fund over a large period? A diversified fund also invests in mid caps and small caps, so should easily beat a large cap fund.

Actually the reason for this slight underperformance is that ICICI Dynamic periodically shifts to cash and during these times behaves more like a balanced fund.

2. If you hold any Equity MF such as HDFC Prudence for more than a year, you can give yourself a dividend (i.e. make a redemption) whenever you wish. The dividend anyway comes from the NAV of the MF.
1. It is the perception of the fund manager whether to stay in Equity or move some part to cash. All funds do it in their own way. Of late mid-caps have not performed as well as large caps.

2. Agree, this is why the shift to DM is perplexing! Also, Prudence is a BALANCED fund. Are they trying to compete with monthly dividend plans?
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Old 26th January 2016, 14:35   #993
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Default Re: The Mutual Funds Thread

For those who require help in mutual funds and for whom the paperwork is a hassle, investment portals that allow you to invest in direct plans are coming up.

I came to know of one such portal --> Invezta.com that charges Rs. 79 a month once your portfolio crosses Rs. 50,000. As someone who has done the math before, if your net investment is over a lakh, you can easily recoup the fees they are asking.
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Old 26th January 2016, 20:05   #994
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Default Re: The Mutual Funds Thread

MF util's portal allows you to do the same: http://mfuonline.com - invest in DIRECT plans of mutual funds.

I got my CAN and access to the online portal, however, not all of mutual fund folios show up here. Only Franklin Templeton's do. I thought any folio mapped to my PAN would show up here.
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Old 26th January 2016, 20:49   #995
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MF util's portal allows you to do the same: http://mfuonline.com - invest in DIRECT plans of mutual funds.
Thanks, I had heard about this one too but was unsure of the website. Not sure how MF Utilities works though as their website provides scant information.
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Old 27th January 2016, 15:07   #996
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Default Re: The Mutual Funds Thread

@nowwhat?: the information about online access is available as part of this FAQ: https://www.mfuindia.com/InvestorFAQ

Ctrl+F 'online'
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Old 27th January 2016, 16:41   #997
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@nowwhat?: the information about online access is available as part of this FAQ: https://www.mfuindia.com/InvestorFAQ

Ctrl+F 'online'
Thank you!

I also did some digging around on my own and MF Utilities looks very interesting. Apparently they have been set up jointly by some of the AMCs and they do not charge a fee at all.

Purchase, switch, redemption can all be done from a single platform and if you give a bank mandate (OTM), one can also run SIPs.

Beats having to send forms individually to each AMC. Of course few like Mirae are not on this platform yet, but for the convenience, I am planning to set myself up with MF Utilities.
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Old 27th January 2016, 17:07   #998
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Default Re: The Mutual Funds Thread

Hello, Has anyone been investing through fundsindia.com

Any experience/reviews will be very helpful
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Old 27th January 2016, 18:09   #999
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Hello, Has anyone been investing through fundsindia.com

Any experience/reviews will be very helpful
I use fundsindia for my SIP's. Very good interface and love their customer support. Reports of the entire portfolio is brilliant.
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Old 27th January 2016, 18:43   #1000
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Question Re: FATCA compliant fund houses/AMCz?

Are there any FATCA compliant AMCz?

It's been some time since FATCA has been signed on by indian government, am yet to see fund houses accepting applications from NRIz from USA. Why isn't there much interest for investments from this segment?
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Old 27th January 2016, 19:30   #1001
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Smile Re: FATCA compliant fund houses/AMCz?

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Are there any FATCA compliant AMCz?

It's been some time since FATCA has been signed on by indian government, am yet to see fund houses accepting applications from NRIz from USA. Why isn't there much interest for investments from this segment?
HDFC for one is surely FATCA compliant. Recently I wanted to register an SIP with them, I was asked to fill the FATCA form. It was done in matter of minutes. Although the customer care people said it would take 3 weeks to confirm the compliance. I was able to register the SIP.

BSLMF did not ask me for this compliance when I registered an SIP recently.
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Old 27th January 2016, 21:01   #1002
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Default Re: The Mutual Funds Thread

Even ICICI Prudential's online portal asks for a quick FATCA sign up.
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Old 27th January 2016, 22:01   #1003
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Default Re: FATCA compliant fund houses/AMCz?

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Are there any FATCA compliant AMCz?

It's been some time since FATCA has been signed on by indian government, am yet to see fund houses accepting applications from NRIz from USA. Why isn't there much interest for investments from this segment?
AFAIK, all AMCs are FATCA compliant. India is a Type 1 Reciprocal-basis FATCA signatory and hence is implementing it.

However under FATCA, the onus is on the AMCs to ensure that their account holders report their transactions. Depending on the tax treaty, they may have to withhold tax too. So AMCs seem to have decided that it is just not worth their time to pursue US Tax Citizens. If they ever find out that one is a US Tax Citizen, the AMC will usually redeem all holdings (even those before one became a US Tax Citizen) and transfer the proceeds to that person's bank account.

By the way, apparently the IRS (in the US) is still not geared up to receive FATCA data.
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Old 27th January 2016, 22:50   #1004
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Thank you!

I also did some digging around on my own and MF Utilities looks very interesting. Apparently they have been set up jointly by some of the AMCs and they do not charge a fee at all.

Purchase, switch, redemption can all be done from a single platform and if you give a bank mandate (OTM), one can also run SIPs.

Beats having to send forms individually to each AMC. Of course few like Mirae are not on this platform yet, but for the convenience, I am planning to set myself up with MF Utilities.
I got this working 2 weeks back. Worked very well. I could transfer a lumpsum and get it split into multiple direct plans of different AMC's. Great tool for direct plans if you know where you want to put your money.
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Old 28th January 2016, 20:18   #1005
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Default Re: The Mutual Funds Thread

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I got this working 2 weeks back. Worked very well. I could transfer a lumpsum and get it split into multiple direct plans of different AMC's. Great tool for direct plans if you know where you want to put your money.
This MFU sounds like a very interesting site - a bit too good to be true. However the structure of information on the site is not simply laid out for me to get the full picture.

So I get that one needs to register for a CAN. But how about transactions - we need to register to use this Payeezz ? Or is there another option available ?
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