[ValarMorghulis]

Originally Posted by carboy

Asking a question for a non-tech savvy person of age nearing 60 - if the AMC (HDFC or ICICI MF AMCs) is contacted will their representative come home to fill forms & set up SIP for an Index fund (Direct) - the amount will be substantial.

Why do you want to pay AMCs a commission percentage along with having such a non-intuitive app? Download Zerodha (Coin) or Groww app, enter your details, verify using adhaar, bing bang boom, your account is setup.
You can then setup any SIP without any hassle.

No need to contact anyone or invite anyone over to sign things or send paper from one office to another.

[carboy]

Originally Posted by ValarMorghulis

Why do you want to pay AMCs a commission percentage along with having such a non-intuitive app?

AMCs don't charge commission. They are the ones who create the mutual fund. You can buy direct MF from them from their website. But person is not savvy & hence I was wondering if instead of going to AMC branch & doing it if AMC can send someone.

[SoumenD]

Originally Posted by carboy

Asking a question for a non-tech savvy person of age nearing 60 - if the AMC (HDFC or ICICI MF AMCs) is contacted will their representative come home to fill forms & set up SIP for an Index fund (Direct) - the amount will be substantial.

You don't need any manual intervention at all. Simply create your profile on AMC website, do you KYC and can setup your SIP right away. Simplest way. I have done this for UTI, HDFC etc

Personally I usually avoid 3rd party apps like Groww, Zerodha etc although they are more convenient as you can see all your holdings at one place. If you go AMC way you need to login to each app to check respective holding.

[carboy]

Originally Posted by SoumenD

You don't need any manual intervention at all. Simply create your profile on AMC website

I don't need manual invention but I want manual intervention. Because as I said, the person is 60 year old non-tech savvy person. Will have problems navigating the website.

[vijaykr]

Originally Posted by carboy

I don't need manual invention but I want manual intervention. Because as I said, the person is 60 year old non-tech savvy person. Will have problems navigating the website.

Yes, you can call the AMC on their toll free numbers and I'm sure they'll oblige. I don't know if they will send their own company representative or connect you with a known mutual fund distributor. In any case, you've to make sure that your SIPs are set up for the Direct option into your desired fund and not the Regular option.

Since you will have to hand over physical copies of PAN and other KYC docs, please make sure these are handled correctly by the representative.

[thanixravindran]

Originally Posted by carboy

I don't need manual invention but I want manual intervention. Because as I said, the person is 60 year old non-tech savvy person. Will have problems navigating the website.

Mutual funds like HDFC have Investor Service Centers so that one can deal directly without distributors. They do all transactions offline. Some have tie up with CAMS type offline centres to facilitate offline investor transactions. Please check the website of the shortlisted fund and call directly these type of centers in your city.

Unsolicited advice - Since the person is not tech savvy and senior citizen, my suggestion will be to with reputed distributor in your city so that processing of different fund houses is possible and easy access to statements, switch or redemption with slips or worse case future transmission to nominee is quite easy once relationship is built.

[thirugata]

Originally Posted by wocanak

First, the return calculation should be based on the total return index (TRI) and not just the normally quoted index values to take into account the dividends. For the NSE indices you can get the historic normal and TRI values from the NSE website.

Attachment 2543387

There are multiple ways to complicate simple things.
I put out the index data to show how the indexes have fared in last 19 years.
By the way it was not random dates, the starting point is the date on which all 4 indices came into existence. I didnt think there was better starting point for comparison.
Anyways as I mentioned above, its upto each to take the data (if they feel it is worthy) and analyze and conclude the way they want.

[dailydriver]

Originally Posted by carboy

I don't need manual invention but I want manual intervention. Because as I said, the person is 60 year old non-tech savvy person. Will have problems navigating the website.

A piece of unsolicited and unpopular advice:

As the person is nearing sixty and more so because the amount involved is substantial, but most importantly because he isn't tech savvy, would he not benefit by parking his funds in a safe instrument like FD, at least for the time being?

The markets are rallying and therefore a lump sum investment in MF might not be wise at this point. Besides, if he is looking to preserve his capital while ensuring regular periodic income, he must be very careful.

That said, the source of the amount being considered and the intended goal should help decide the manner of investment.

[VWAllstar]

Originally Posted by dailydriver

The markets are rallying and therefore a lump sum investment in MF might not be wise at this point.

I believe this is applicable only in the said scenario of the investor being 60 years old. For someone who plans to invest (via SIP) in MFs for a period of 20 years, does it matter if there is a lumpsum amount been invested now when NIFTY is at an all time high? Even if the markets correct by 10-20% still doing a SIP can average it out. Just trying to understand the logic from a different scenario or rather a different Investor life stage.

[carboy]

Originally Posted by vijaykr

Yes, you can call the AMC on their toll free numbers and I'm sure they'll oblige. I don't know if they will send their own company representative or connect you with a known mutual fund distributor. In any case, you've to make sure that your SIPs are set up for the Direct option into your desired fund and not the Regular option.

Why would a distributor set you up with the Direct option at all? What does he get out of it? That's the whole reason I am asking about AMC rep. The person already has a broker & is invested in many mutual funds through it.

[dailydriver]

Originally Posted by VWAllstar

I believe this is applicable only in the said scenario of the investor being 60 years old. For someone who plans to invest (via SIP) in MFs for a period of 20 years, does it matter if there is a lumpsum amount been invested now when NIFTY is at an all time high? Even if the markets correct by 10-20% still doing a SIP can average it out. Just trying to understand the logic from a different scenario or rather a different Investor life stage.

The investor being near sixty (fact) and the need for Principle protection/safe returns (my assumption) are the factors that drove my statement. For someone much younger, your logic may work in the long term. Plus, even with markets at historic highs, one can choose sectors that aren't seeing green and take a calculated shot.

Originally Posted by carboy

The person already has a broker & is invested in many mutual funds through it.

This new information negates the very basis of my previous post and hence my (unsolicited) advice stands withdrawn!

Lesson to Self: Assume less, verify more.

[Fx14]

Originally Posted by thirugata

Nifty - 9.09
Nifty Jr - 11.81
Midcap 100 - 12.42
Smallcap 100 - 8.65.

Any reason why you are tracking the Midcap 100 instead of the Midcap 150 Index and the Smallcap 100 instead of the Smallcap 250 Index?

[Naetik30]

Experts - I am in need of some advice.

I have been investing in MFs for past 13 years and always through SIP route.

This week I ended selling my ESPP investments (employee stock purchase plan shares that we receive at 15% discount from US employer) as the markets rallied in the US. And I could make a decent post tax profit on it. The main reason for selling this was because of concentration of my equity portfolio in a single stock. About 40% of my equity portfolio was in this single stock and wanted to reduce the risk.

Now, I have this cash on hand and totally confused about how to reinvest this in Indian MF equity again. This reinvestment is for the long term (7+ years atleast).

I am little confused if I should do a lumpsum of the the entire amount in one shot, especially given the rally in the Indian markets. So should I do a monthly reinvestment of the amount over say 6 months? But then I am worries that the markets will continue to rally and I will end up paying more for less.

Or should I follow a mixed option of say 50% as lumpsum investment immediately. Remaining 50% over next 2 months?

Is there a thumb rule to follow in such scenarios?

By the way, I am thinking of reinvesting in my usual MF schemes -
1. PPFAS LTE (40%)
2. HDFC Mid Cap Opportunities (40%)
3. UTI NIFTY 50 Index Fund (20%)

I do invest in SBI Small Cap, but planning to skip it for this reinvestment.
I saw that Quant Large and Mid Cap Fund is also a good option, is there any thoughts on this fund vs HDFC Mid Cap Oppurtunities Fund?

[thirugata]

Originally Posted by Fx14

Any reason why you are tracking the Midcap 100 instead of the Midcap 150 Index and the Smallcap 100 instead of the Smallcap 250 Index?

Nifty 50, Nifty Next 50 (Nifty Jr), Midcap 150, smallcap 250 put together represents top 500 companies, which is also (almost) similar to Nifty 500 index.
So it is sufficient to just follow Nifty 500 instead of 4 indices separately.
I am picking top 300 of the top 500 companies here.

Also if I look at the pool of stocks which I consider for investment/trading where the traded volume is not a concern, it almost matches these top 300 stocks. So when I consider these 4 indices I know I am not compromising on the quality of the company.

[sagarpadaki]

Originally Posted by Naetik30

Experts - I am in need of some advice.

I have been investing in MFs for past 13 years and always through SIP route.

These articles can guide you

https://freefincal.com/how-to-invest...y-mutual-fund/
https://freefincal.com/how-to-plan-a...-mutual-funds/