The Mutual Funds Thread

Kulin_Shah · 20th May 2018, 19:04

Quote:

Originally Posted by JMaruru

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!

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

rst89 · 20th May 2018, 19:38

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.

The Rationalist · 20th May 2018, 19:55

Quote:

Originally Posted by JMaruru

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!

Hi JMaruru,

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

Quote:

Originally Posted by Kulin_Shah

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

Kulin_Shah · 21st May 2018, 20:58

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.

aadya · 22nd May 2018, 10:02

Quote:

Originally Posted by Kulin_Shah

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.

hothatchaway · 23rd May 2018, 16:09

Quote:

Originally Posted by sgiitk

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?

sgiitk · 24th May 2018, 10:37

Quote:

Originally Posted by hothatchaway

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.

sansvk · 27th May 2018, 10:59

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

Pancham · 27th May 2018, 18:12

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.

Kulin_Shah · 27th May 2018, 19:51

Quote:

Originally Posted by Pancham

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.

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.

DigitalOne · 28th May 2018, 14:48

Quote:

Originally Posted by sansvk

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

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.

sansvk · 28th May 2018, 21:29

Quote:

Originally Posted by DigitalOne

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.

sgiitk · 30th May 2018, 13:39

@sansvk; The problem of renaming has become an epidemic. This further complicates the picture of identifying funds. In any case I am reducing number of funds I own.

DaiusPitar · 31st May 2018, 15:13

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.

Pancham · 31st May 2018, 15:39

Quote:

Originally Posted by Pancham

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.

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%.

20th May 2018, 19:38	#1982
rst89 BHPian Join Date: Oct 2017 Location: Pune Posts: 193 Thanked: 1,124 Times	Re: The Mutual Funds Thread 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.
	() Thanks

21st May 2018, 20:58	#1984
Kulin_Shah Newbie Join Date: Jan 2018 Location: Udupi Posts: 6 Thanked: 12 Times	Re: The Mutual Funds Thread 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.
	() Thanks

27th May 2018, 10:59	#1988
sansvk BHPian Join Date: Dec 2009 Location: Bangalore Posts: 582 Thanked: 281 Times	Re: The Mutual Funds Thread 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 Last edited by sansvk : 27th May 2018 at 10:59. Reason: Typo
	() Thanks

27th May 2018, 18:12	#1989
Pancham Senior - BHPian Join Date: Dec 2009 Location: Kolkata/NCR Posts: 1,756 Thanked: 2,651 Times	Re: The Mutual Funds Thread 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. Last edited by Pancham : 27th May 2018 at 18:28.
	() Thanks

30th May 2018, 13:39	#1993
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,788 Times	Re: The Mutual Funds Thread @sansvk; The problem of renaming has become an epidemic. This further complicates the picture of identifying funds. In any case I am reducing number of funds I own.
	() Thanks

31st May 2018, 15:13	#1994
DaiusPitar BHPian Join Date: Oct 2007 Location: Currently Noida Posts: 151 Thanked: 92 Times	Re: The Mutual Funds Thread 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.
	() Thanks