[sagarpadaki]

Originally Posted by Latheesh

I was checking Nixty Next 50 index and see many public sector companies. Is it worth investing in this index fund as a small cap fund alternative?

Yes, it is a viable alternative to small cap. However, keep the allocation on the lower side since the volatility is pretty high.

[huntrz]

Originally Posted by adimicra

I am having all my MF investments in ICICIdirect but all are regular plans where I end up paying commission for no reason. I want to invest in direct plans - I know we can do it individually with fund houses but frankly, it's a pain. Is there any online portal which allows that? I would like to have access to almost all fund houses. Also, I would like a reliable and trsutworthy app with a good user experience and easy linking with bank accounts.

Please suggest.

As already mentioned Zerodha has platform where you can deal with all mutual funds. I am in the same boat. I have all my investments in icicidirect. I opened an account in zerodha but I haven't been able to convince myself to move my investments there.
While the account opening was super quick because of existing KYC already done but I saw an issue with address in KYC and and absence of nominee in zerodha account. Being discount(read cheap) broker they don't have the incentive to do anything. Any paperwork is self service and there is no accountability. You have to fill form and courier it to their office. Service staff is heavily loaded hence they prefer dealing via emails. I sent the nomination form twice via courier but nothing happened. I even sent the account closing form but it was rejected for some reason.
Other concern I have is their business model. Any "free" platform having customer's POA for an account running in lakhs is worth pondering. We all like to think govt/SEBI has checks and balances, but everytime a new scam surfaces the regulater rushes to revise the checks. If we are getting a service and the service provider doesn't charge proportionately then expect deterioration in service. I don't even want to think about getting scammed. As seen recently even full service brokers have been involved in scamming customers.
Same with other free platforms. They have there own limitations with respect to flexibility and usability depending on its model. Not promoting it as it has its own drawbacks but paperwork etc is super easy with ICICI direct. Over past decades govt has come up with multiple regulations like MIN, KYC etc etc. Everytime it was a breeze to deal with it through icicidirect. Recently I had to update nominee details in only select folios. All I had to do was sign the forms at their office and they filled the rest of the details and got the job done for me. For these reasons I am finding it difficult to move away from icicidirect.

[whitewing]

Originally Posted by huntrz

...Not promoting it as it has its own drawbacks but paperwork etc is super easy with ICICI direct. Over past decades govt has come up with multiple regulations like MIN, KYC etc etc. Everytime it was a breeze to deal with it through icicidirect. Recently I had to update nominee details in only select folios. All I had to do was sign the forms at their office and they filled the rest of the details and got the job done for me. For these reasons I am finding it difficult to move away from icicidirect.

I too have the same experience with ICICIDIRECT, since I normally purchase equity and hold the scrips for years, the brokerage amounts, while a dampener have not been a big enough push to switch to lower cost options [equities & bonds]. They also send in mailers on market research and stock recommendations, that I find useful.

Mutual funds though is another matter, the MFUI utilities have made it super easy and on par with any other platform like ICICIdirect, it simply does not make sense to pay the advisory markups for every transaction we make. I switched to MFUOnline and Piggy.

[Thermodynamics]

All mutual fund purchases will attract a stamp duty from July 1.

Source

The stamp duty will be applicable on all mutual funds including lumpsum, systematic investment plans (SIPs) and systematic transfer plans (STPs) and dividend reinvestment.

Stamp duty will not be applicable on the redemption of units, making it somewhat similar to entry load that was abolished by market regulator Sebi in 2009.

- On purchase of mutual fund units, stamp duty at a rate of 0.005 percent will be levied.

- The duty in case of transfer of MF units such as between two demat accounts will be 0.015 percent.

Those who have bought units in liquid or overnight funds, or MFs with short holding periods of say, less than 30 days, are the ones who will feel the pinch the most.

[Kulin_Shah]

I have invested in a couple of old timer schemes of Aditya Birla Sun Life MF with dividend option. They have always paid dividends all these years, except for last FY wherein I got ZERO dividend. Very strange.

Has anyone else experienced this? Have they paid dividends on any equity schemes?

Thanks.

[Simhi]

The full and final payment received for 8.25% Vodafone-Idea (10-July-2020) in Segregated Portfolio-1 under 6 Fixed Income schemes.

More details at https://www.franklintempletonindia.c...docid=kc8w04wl

[RiGOD]

Originally Posted by Simhi

The full and final payment received for 8.25% Vodafone-Idea (10-July-2020) in Segregated Portfolio-1 under 6 Fixed Income schemes.

More details at https://www.franklintempletonindia.c...docid=kc8w04wl

Yes. Never expected those dues would be payed back but was a fine treat once it got credited

[earthian]

Originally Posted by Thebat

12)Every RM has access to see all your investment holdings on the platform and also has access to view your bank balance....

First of all, many thanks to you, Thebat, for the insider perspective of first line marketing officers working in financial institutions. In addition to what you have pointed out, the companies encourage (maybe passively) RMs who have joined as laterals from competitors, to make use of their data base to poach clients. I am sure there would be non disclosure clauses in the appointment orders, but the moot point is that enforcement may be poor. This is quite irritating since i get whatsapp messages, emails and some times calls from such wannabes. ICICI used to be quite aggressive in this context.

Secondly, and a much more serious issue, is that they have access to your bank accounts and they known where your money is invested or how much is lying around etc. An RM called me and said that it would be advisable to move my (idle) money to fixed deposits and shut up when i took umbrage.

I now have a fixed methodology for dealing with these unwanted advisors. They are welcome to send me a mail and i shall reply, if interested. Else, it may be construed as not interested. For the PMS people, i usually ask them if they are prepared to waive all fees till a certain hurdle rate, after which we could negotiate a sharing arrangement. "Fees" would, of course, include brokerages charges too. I have also mentioned on occasion whether they would be prepared to share losses, apart from gains; if we entered into a PMS contract. I am left alone after that.

Quite happy to be left alone. The Bank Managers have stepped in as the RMs and all are happy. I get my work done through MFU portal and luckily have some senior MF executives who answer any questions that i may have professionally.

The FIs must up their game if they want to attract customers.

[pradkumar]

SmartCat and others,

What is your opinion about investing in smallcases?

https://www.smallcase.com/

The biggest advantage they claim is that you pay fees only when you transact unlike the expense ratio that you pay every year to mutual fund houses. Compared to direct stocks, smallcases are diversified and backed by professional research. They have their own customized algorithms that they run every 3 months to rebalance the basket of stocks, if required.

Smallcases: Middle ground between mutual funds and stocks
https://www.forbesindia.com/article/...stocks/58239/1

Thanks,

Pradeep

[raksrules]

Has anyone here invested in Motilal Oswal NASDAQ 100 Fund? I see that they invest in US companies. I was planning to put 10K Per month in this. I already have couple of regular Mutual funds where money is being put but wanted to see if I can put in this NASDAQ one. I see that it is considered "High Risk".

I searched "NASDAQ" in this thread and came across things like "Liquidity Issue" and such. Does this mean I cannot just sell my units if I have need of money like I believe we can do in regular mutual funds. I am reading more in this tread but some advice from veterans in this fields can help out.

[INJAXN]

Originally Posted by adimicra

Please suggest.

May be I am replying late, but I have converted all my funds to direct after discounting services of my advisor. Here is what I did.

- I have funds from Franklin, HDFC and DSP blackrock, So I created login on each of their website. With KYC done already, it was quite easy.
- Once I logged in, all fund details were already present , so I switched from regular to direct for all funds.
( please note , if you switch from regular to direct on same fund, there is no exit load charges).

with many funds, this could be a tedious task, but doable.

[saket77]

Originally Posted by INJAXN

( please note , if you switch from regular to direct on same fund, there is no exit load charges.

Any switch is treated as a withdrawal from that scheme; so exit load will be applicable. May be in your case, all of your schemes were out of the exit load applicability period which is mostly one year for equity funds. Liquid and debt funds have lower exit load periods.

Regards.

[INJAXN]

Originally Posted by saket77

Any switch is treated as a withdrawal from that scheme;
Regards.

I had this doubt so I called franklin customer care number, there they confirmed that switch from regular to direct on same fund will not attract any exit load.

[saket77]

Originally Posted by INJAXN

I had this doubt so I called franklin customer care number, there they confirmed that switch from regular to direct on same fund will not attract any exit load.

Right. Looks like Franklin and probably DSP practice it; but not all.

https://www.google.co.in/amp/s/www.l...982263303.html

[babhishek]

Originally Posted by raksrules

Has anyone here invested in Motilal Oswal NASDAQ 100 Fund? I see that they invest in US companies. I was planning to put 10K Per month in this. I already have couple of regular Mutual funds where money is being put but wanted to see if I can put in this NASDAQ one. I see that it is considered "High Risk".

I searched "NASDAQ" in this thread and came across things like "Liquidity Issue" and such. Does this mean I cannot just sell my units if I have need of money like I believe we can do in regular mutual funds. I am reading more in this tread but some advice from veterans in this fields can help out.

The liquidity issue is about getting the funds - takes t+5 days instead of t+2/3 days. That shouldn't be a deal breaker, there is no lock-in AFAIRC.