[madbullram]

1. Once you open you account in FundsIndian (FI), you can submit a form for transfer of MF from ShareKhan to FI. This will take 2-3 weeks to show-up in your FI account.
2. once the transfer is done, you can use FI to do the tracking, redeem, invest etc
3. I have only good and excellent experience with them.

Only thing which might be against them in future is, if SEBi comes with a mandate for different treatment for investors via agents and direct investors. Right now, we all pay the same

[Abhinav.Daos]

I would suggest ICICI Direct for MF investing, I have a good relationship with them and they waived of all charges on MF investing (lumpsum and SIP) for me.

[carboy]

Originally Posted by Abhinav.Daos

I would suggest ICICI Direct for MF investing, I have a good relationship with them and they waived of all charges on MF investing (lumpsum and SIP) for me.

What charges are you referring to?

[huntrz]

Originally Posted by Abhinav.Daos

I would suggest ICICI Direct for MF investing, I have a good relationship with them and they waived of all charges on MF investing (lumpsum and SIP) for me.

Originally Posted by carboy

What charges are you referring to?

If the portfolio is above 8 lakhs they don't levy any charges on equity and hybrid MF transactions. ICICI levies INR 100 for lumpsum buy and INR 30 for SIP.
It is high in the current era of trailing commissions but after having experienced SBI Cap Securities I think it is a very small price to pay for reliability, convenience and peace of mind.

[pradkumar]

HDFC Bank also offers this service if you have an Investment Services Account. You can purchase, redeem, and switch funds online.

Earlier, it used to be Rs. 100 per quarter as charges, but now wef 1st November 2011, HDFC Bank has "opted-in" for transaction charge as per the SEBI circular no. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011.

Pradeep

[carboy]

Originally Posted by huntrz

If the portfolio is above 8 lakhs they don't levy any charges on equity and hybrid MF transactions. ICICI levies INR 100 for lumpsum buy and INR 30 for SIP.

How do I figure out if I am being levied any charges and how much?

[madbullram]

Originally Posted by pradkumar

HDFC Bank also offers this service if you have an Investment Services Account. You can purchase, redeem, and switch funds online.

Earlier, it used to be Rs. 100 per quarter as charges, but now wef 1st November 2011, HDFC Bank has "opted-in" for transaction charge as per the SEBI circular no. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011.

Pradeep

Why not use Fundsindia.com, which charges nothing irrespective of the amount you transact instead of paying such charges to banks like HDFC, ICICI etc?

[huntrz]

Originally Posted by carboy

How do I figure out if I am being levied any charges and how much?

You can check the fee structure section of Mutual Funds after logging in but not sure if it takes into account your MF holding or else do a transaction .
You can also ask your relationship manager or customercare. Relation ship manager's number is mentioned in the Customer Care section after logging in.

[Abhinav.Daos]

Originally Posted by carboy

How do I figure out if I am being levied any charges and how much?

1. Go to Mutual Funds > Units Held and check the cost of investment

2. Then go to Portfolio > MF and check the cost of investment there

If 2>1 then the difference is the fees charged.

[carboy]

Originally Posted by Abhinav.Daos

1. Go to Mutual Funds > Units Held and check the cost of investment

Under Mutual Funds, I see 'Unit holdings'. In that I see a column 'Value at cost' - is that what you are referring to?

Originally Posted by Abhinav.Daos

2. Then go to Portfolio > MF and check the cost of investment there

Again I see 'Value at Cost' here - is that the same thing you are referring to?

Originally Posted by huntrz

You can check the fee structure section of Mutual Funds after logging in

Where is the fee structure given?

Originally Posted by huntrz

You can also ask your relationship manager or customercare.

What is the name of the fee(s)?

[Abhinav.Daos]

Originally Posted by carboy

Under Mutual Funds, I see 'Unit holdings'. In that I see a column 'Value at cost' - is that what you are referring to?

Again I see 'Value at Cost' here - is that the same thing you are referring to?

Yes if there any difference in value at cost in the two places for a particular investment then that is the fees charged.

[huntrz]

Originally Posted by carboy

Where is the fee structure given?

Trade and Invest-> Mutual funds-> Fee Structure

Originally Posted by carboy

What is the name of the fee(s)?

Mutual Fund commission.

[faustus77]

Originally Posted by sgiitk

@faustus77; No idea about the SBI fund, so am not qualified to comment.

Now with the DTC going for another major revamp and delayed (though PC hope it is not) all bets based on that are off.

Hi
Thanks your reply.
Checked with my mutual fund agent and a website.As far as the past trailing 12 months are concerned SBI dynamic bond has given better returns.
The advantage of moneymarket is that you can get credit within a day and due to that it is very popular specially with corporates.
As far as the DTC goes it is anybody's guess.We will wait and watch
Regards

[S_U_N]

Finally, after a couple of months of delay, I have started SIP in my son's name.
Hopefully, I will review the progress after 12 installments and then decide if I should continue putting in more money or just sit back and expect growth in the money that I am putting in now.

Now, that was for long term, but I am also planning to do something for the 2-3 lac that remains in my savings accounts with 4% interest.

The plan is to keep a little over 1 lac in savings account (for emergency) and the balance 2 lac or so in some funds which earn more than 4% and yet give me a high level of liquidity.
I have explored debt funds and liquid funds, but still unable to figure out how many days will it take for me to get money in my account (would be using FundsIndia.com) in case my emergency fund is also not sufficient.

How liquid are these funds really?
In addition, there is almost always an exit charge (I would stay invested for less than 1 year).
Another relevant point is that from this FY, interest on savings account is free upto Rs. 10000
https://www.imygoals.com/blog/rs-100...he-most-of-it/

[Abhinav.Daos]

Originally Posted by S_U_N

Finally, after a couple of months of delay, I have started SIP in my son's name.
Hopefully, I will review the progress after 12 installments and then decide if I should continue putting in more money or just sit back and expect growth in the money that I am putting in now.

Now, that was for long term, but I am also planning to do something for the 2-3 lac that remains in my savings accounts with 4% interest.

The plan is to keep a little over 1 lac in savings account (for emergency) and the balance 2 lac or so in some funds which earn more than 4% and yet give me a high level of liquidity.
I have explored debt funds and liquid funds, but still unable to figure out how many days will it take for me to get money in my account (would be using FundsIndia.com) in case my emergency fund is also not sufficient.

How liquid are these funds really?
In addition, there is almost always an exit charge (I would stay invested for less than 1 year).
Another relevant point is that from this FY, interest on savings account is free upto Rs. 10000
https://www.imygoals.com/blog/rs-100...he-most-of-it/

Go for debts funds instead of liquid funds.

Check out Birla Sunlife short term plan and medium term plan they have a 1% exit load (roughly 35-40 days worth of interest). They are highly liquid and you can expect money in your account just one day after redemption. Return around 9-11% pa

Or you can try IDFC Ultra Short Term Fund (G). Redemption can take 2-3 business days but exit load is zero percent. Return 9-10.5%

I myself keep only 20-25k in my savings account, take care of most expenses via credit card and when the time comes to pay the credit card bills, rent, SIP payments, EMI then make redemption from the liquid fund investments 4-5 day before the payments become due. This way most of my free savings enjoy the highest rate of return with considerable safety! Debt funds don't register losses or go below SBI FD rates unless there's a big market failure which is extremely unlikely.