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I got an email message from camsonline on behalf of SBI MF, that I am not KYC compliant. The folio number and other details mentioned in the email are completely incorrect. I am fully KYC compliant. I checked the email headers and they look legit. So either there is another account with SBI MF with same email ID as mine or this is a new kind of scam.

Is your name correct? There is a possibility that a data entry mistake happened while entering the email id.

I have a fairly common name and I got my preferred gmail id when it was invite-only. I get a lot of mails from finance orgs which I am not supposed to get. I have not been able to see any sensitive info yet because of password protected pdf attachments :)

Only the letter is mailed to my email address. Rest nothing matches. The account holder names are different . The folio number is different.

Update. I got an email from SBI MF that the email was mistakenly sent to me and I can ignore it. Wondering what kind of processes SBI MF/CAMS follow to allow such mistakes.

This is rampant, no doubt.

1. I regularly get a mail from LIC regards to monthly pension of another individual. I pointed this out to LIC, but it continues. I just delete it now.

2. Recently, when I redeemed units in an Axis MF scheme I got two intimations for credit in my a/c, to different bank a/cs, both mine fortunately. The credit, of course, happened to only one a/c.

3. My portfolio in icicidirect shows non equity instruments that I redeemed long back. The demat allocation balance, however, shows the correct picture.

One has to be watchful.

I had invested in Motilal Oswal FOF Nasdaq some time ago, but wary of such arbitrary restrictions, I moved out. I think it may be better to stay away from such funds or keep a minimum exposure (just for flavour). I have PPFAS as well, but I think they are doing an ok job of mitigating international dependence. Lets see going forward.

I believe they have restricted SIP and future investments in US stocks via MFs and existing investment is not in any kind of risk. Is this understanding correct? I have recently invested lumpsum in ICICI US Bluechip and targeting an annual return of 12-15% to attain a certain goal. Do I need to move out and invest in other MFs with no exposure of international stocks?

This is correct to an extent, from what I read and believe. The current restrictions were more on funds that invest in Overseas ETFs, so ICICI US Bluechip fund went under the radar now.

If you want just a flavour of international funds, this fund seems as good as any.

Hello all veterans of this field.

I am planning to invest in MFs but I am totally clueless with what to do and some of the threads I read above gave me a gist to go directly and invest using platforms like Zerodha Coin. I just have some doubts which I hope you all can take out time to respond to. :)

1- Shall I go ahead with SIP's and if so will I be able to purchase funds in a lumpsump basis of that particular fund?
2-Right now I am able to only invest a limited amount close to 30k so shall I split this amount as well into the different funds or start with a single fund currently and start a SIP for other funds?

Your response will be valuable and give me a great insight. Sorry for the trouble. :)

Congratulations and all the best for your investing journey.
1. Get your risk profile done (it is available online). That would change as per age, investment goals, etc. It will give an idea if you are a risk averse or a risk taker.
2. Depending on the above, you can shortlist the funds as per your investment horizon (how much time you want to keep the money invested). The thumb rule is atleast 5-7 years for Pure Equity Funds, and other Debt or Liquid Funds for a lesser duration.
3. If you are investing in Equity Funds through the SIP mode, in any case do not stop the same during a market correction. You will not be able to take the full advantage of SIP mode if you stop.
4. Avoid thematic or sectoral Funds in the beginning and go for simple Index Funds which track the Nifty50, Sensex, etc.
Some other veterans can chip in with more advice for sure.

Yes. You can invest in lumpsum any time to a fund on which you have SIP(s).

Yes. You can change an existing SIP's amount and schedule any time.

Mod note: Post merged. Back to back post, use Multi Quote [Quote +] instead. Thanks.

Thanks a lot sir for your advice. I did a risk calculator and it showed that I am fairly aggressive. For starters sir like in the previous threads as the veterans have mentioned about funds, I am planning to split the investment into 3 funds for now with Quant Small cap fund, HDFC Balanced Advantage Fund and ICICI prudential Nifty next 50 index fund.
Rest slowly will start with the SIP also of basic 2-3k per fund .
Hope I am taking correct step at being just 26yrs and planning to invest in MFs for atlest 5-10 yrs.
Thanks again Sir:)

Thanks alot sir for the input. As I just mentioned in the above reply to Adi sir, I am planning to split my small amount into the 3 funds I mentioned, and start the SIP also in the same as well.
Thanks again.:)

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I found the tips very pertinent and useful. Hope you do too.

P.S. I'm not associated with this channel in any way except that I follow the account.

Thanks a lot sir, surely will look into him as well.:)

Why not directly invest in US markets ETF's (QQQ or VOO) via some international brokers like Interactive Brokers ? Charles Swab has a minimum limit of $25,000 (i think) but Interactive Brokers has no such limits. Directly buying QQQ or VOO allows one to have the very low expense rates compared to funds from India, assets are in USD and is covered by the $250k/$500k SPIC insurance. I regularly DCA (Dollar Cost Average) with these ETF's every month from these two brokers. Doing like this does not run into any RBI limits on when you can invest.

Transferring from INR-USD is a pain but i now transfer in bulk on Feb end/March so that i can get the TCS back by May/June when i file my returns. Some international banks in India (Like DBS) does not charge the Rs:1000 transfer fees charged by ICICI and generally provide same day remittance. If you have RSU's, one can directly transfer a portion of it to a different broker, sell and continue DCA without the Dollar -> Rupee -> Dollar conversion.

Filing returns (in form FA) is another headache but normally able to complete my tax returns within one day rl:.