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The bonds will mature in 3 to 6 months but you don't need to do anything. It's the mutual fund manager's job to reinvest the proceedings into another bond. You select the 'growth' option and collect approximately 8% per annum under the current circumstances.

Is it safe to invest through platforms like FundsIndia?
The MF statements of course have all our details, and broker would be mentioned as FundsIndia. But in the long run, would it be safe to invest through them?

I don't think you should do that. Even though they ought to be safe, I don't see the point of giving appropriately 0.5perc to 1 perc of your SIP installment to a broker. Do it the hard way, but direct plans directly from each fund houses' website.

FundsIndia does not charge from the investors, like ICICI Direct charges.

I have no experience with fundsindia but if it lets you buy the direct plans of mutual funds as opposed to the regular plans then one should definitely go with them. There is a significant difference between the returns of direct and regular plan of any mutual fund.

No they don't. They only sell regular plans. For the OP who asked if Fundsindia is safe - yes it is. Any MF you buy either directly or indirectly, the MF house assigns a "Folio" number. You can track your investments using the MF house's website itself, not just track, you can even purchase, redeem etc. But if you are doing all this, you are better off buying directly.

FundsIndia does not "directly" charge investors like ICICI Direct does, but the mutual fund company pays commission to the intermediary (FundsIndia). This is then recovered as an expense from the plan. So, the returns will always be less from a Regular plan (brought via FundsIndia or other portals) when compared to a Direct Plan (brought directly from the AMCs)

I was talking to middle level manager of a MNC bank. He reckons that a 50 basis point cut has already been vectored in by the market. So take this into consideration esp if considering a Debt/Balanced fund investment. Also then a 25 point cut on October 4 is a given.

I am a beginner in terms of mutual funds. Learnt a bit about thorough FundsIndia. Earlier I was thinking of setting my SIP through them, but the minimum amount they are asking is 5000 per month whereas I am willing to start with 2000 monthly amount for a period of 3-5 years. Can I go with any hybrid ICICI mutual fund plan for it?

Is it advisable to plan your retirement through SIP? Like SIP of 1000 per month for say 30 years?

Any particular mutual fund for this?

The choice of fund depends entirely on your risk appetite. It should be chosen considering your age and investment period. When one is young he can afford to take more risks and hence should have a portfolio oriented more towards equities and subsequently should reduce his exposure to equities and gradually shift to more debt based instruments as he ages. By hybrid plan I believe you mean a balanced fund that invests atleast 65 percent of its corpus in equities. Funds like hdfc balanced, l & t prudence and ICICI pru balanced are good choices in this category. These funds are relatively safe as compared to equity funds and can be a good choice for new investors or investors with low risk appetite. If you are young though I suggest you park your 2000 Rs in an equity fund.
Yes of course you may plan your retirement with an sip but do bear in mind that maintain a balanced portfolio with the right mix of debt and equities. The type of fund chosen again depends on the risk appetite. A young investor may choose aggressive equity funds and as his retirement draws near he can park his money in a balanced/ debt oriented fund.

If you are not KYC compliant then I suggest you go via Funds India and get your KYC completed. You could invest in an one-off investment in whichever fund house or fund that you are interested in. Now once you are KYC compliant and also get your Folio number then you could directly to the online website of the fund house and start doing a SIP in 'Direct Plans'. Avoid 'Regular Plans' and go for 'Direct Plans'.

Looks like the growth option is better. I will go for the growth option.

Folks, Any recommendation on a good ultra short debt fund or a good short term debt fund? I am looking to start a SIP in a debt fund.

I advised a friend to invest through CAMS in MF.

He completed the e-KYC but is stuck on the first step due to the FATCA, which needs some update/verification by OTP. On entering the PAN and requesting a OTP, he gets the message - KYC not updated or available for the PAN.

When we checked the KYC status under CAMS KRA - it shows KYC UNDER PROCESS AADHAR eKYC - OTP (WITHOUT SIGNATURE).

Should he monitor this and try once it is complete? What's the way out?

Repeat the process. He seems to have chosen Aadhaar + registered mobile number for the authentication and then hasn't responded to the pin that was sent on his mobile number.

We tried, it says KYC verified, and authenticates with the OTP. Then the same FATCA screen which says KYC not updated!

Fatca has other provisions where you need to self declare your income, whether or not politcally exposed etc, was that done?

Thanks, no we weren't getting that option earlier. Today when we tried, it all went smoothly and he was able to make his first purchase. Maybe the KYC info took time to reflect.

That said, it (e-KYC) restricts the investment amount to 50k per scheme per year. One needs to get a biometric KYC done to remove this limit.