Team-BHP - The Mutual Funds Thread

Quote:

Originally Posted by JMaruru (Post 4402700)

Why is NOT the direct plan type listed in MFUOnline? I am looking for MOS Multicap 35 Direct Growth, and I could NOT find it listed anywhere in MFUOnline.

Am I missing anything out here. Please advise!
please:

That's because they are the agents. For direct investment you need to invest directly with the fund house.

Hello everyone,

Does any one invest through Scripbox here? I would like to hear about return of investments for their fund basket. I am an investor with them since 2013 but last year and half has been really bad.

I have some doubts over figure they advertise that they beat Nifty index in last one year. I would appreciate feedback from people who have invested through them.

Quote:

Originally Posted by JMaruru (Post 4402700)

Hi JMaruru,

I just checked my MFU App, the fund is available. Please see the screen shot

Quote:

Originally Posted by Kulin_Shah (Post 4402896)

That's because they are the agents. For direct investment you need to invest directly with the fund house.

Please don't make statements if you have no idea about MFU! They are not agents. It's a consortium of Mutual Fumd houses and it's free :deadhorse

Well, nothing comes free in this world - especially not in something created on the principles of capitalism.

One needs to develop and maintain website, maintain serves, payment gateways, etc. It all costs and no one gives free service. It all has to come from somewhere. They add it to the total expense ratio. The cost is deducted from our NAV.

After a while they will migrate all investors investing directly through their individual websites to this consortium website and deactivate their on website to save the costs and make more profits - they will not reduce the expense ratio.

That is capitalism and under those principles even water and air are nor free - they come with the medical bill and a certificate of age deducted attached.

Quote:

Originally Posted by Kulin_Shah (Post 4402896)

That's because they are the agents. For direct investment you need to invest directly with the fund house.

MFU online are not agents. It is an initiative by the amfi to distribute Direct as well as distributed products in a single platform. I have been investing in Direct funds from Jan 2013 and MF online since 2 years. They have an option to select direct funds from the list.

Quote:

Originally Posted by sgiitk (Post 4402724)

A word of warning. Franklin Templeton delete a fund entry as soon as it is encashed. And FT stuff has to be retrieved only by the banker.

Sorry did not understand this, anything to worry about wrt to MF investments with Franklin Templeton?

Quote:

Originally Posted by hothatchaway (Post 4404369)

Sorry did not understand this, anything to worry about wrt to MF investments with Franklin Templeton?

Not really, but if you get an annual statement out, then the details are gone. As a result accounting becomes painful. It even extends to cases where the dividend is paid during the FY.

A complication of fund schemes that have been renamed or merged. As an investor I haven't received a single email or letter stating changes to the fund. But have received emails regarding changes to the TER.

https://www.personalfn.com/guide/mut...scheme-renamed

Guys a couple of noob questions.

My SIP for DSP BR tax saver is coming to an end with its 12th month SIP due next year. So I was thinking of changing my ELSS scheme and taking it to some other house:

Q1: If I do not renew my ELSS will it lead to automatic redemption?

If yes, I am definitely losing out on tax benefits.

Q2: If not, then I am assuming the funds will remain with DSP till I ask for redemption. Will that mean I will keep enjoying the compounding benefits and tax benefits till the time I keep my funds.

Q3: What happens if I decide to reduce the amount per month (SIP) instead of discontinuing?

I have never redeemed any SIP, hence the queries.

Quote:

Originally Posted by Pancham (Post 4405918)

There is no automatic redemption. It just gets unlocked after 3 years. The SIPs get unlocked month after month on completion of 3 years. If you do not redeem, the funds remain in the same scheme and keep earning till you redeem. Renewal in the same scheme may not be possible, but switching to another option in the same scheme may work - don't know for sure, never tried, just assuming - I may be wrong. Try with a small amount and see what happens. If successful then you can opt for a systematic switch process every month.

Quote:

Originally Posted by sansvk (Post 4405785)

Thanks for the link. I think you meant compilation :)?

I got mail from few fund houses (HDFC, FT which sent comprehensive docs) on the changes.

Quote:

Originally Posted by DigitalOne (Post 4406327)

Thanks for the link. I think you meant compilation :)?

I got mail from few fund houses (HDFC, FT which sent comprehensive docs) on the changes.

Auto correct makes it complicated. Interesting, I haven't received emails from HDFC or Franklin regarding these changes.

Got an email from MF Utilities and a letter separately from Indiabulls AMC that their relationship will cease from 31st May, i.e today.

Hope thats not a trend that will extend to other AMCs. I have found MFU to be a great one stop solution for investing in Direct funds, at least for most AMCs.

Quote:

Originally Posted by Pancham (Post 4405918)

So I decided not to renew the DSP BR tax saver (R) which I started 12 months back. I started a new SIP in the same fund (direct, this time) but slashing the SIP amount by 70%.