I am looking forward to buy Mutual Fund Online. Which site offers low cost, effective, security, top funds, good analysis, portfolia features to buy Mutual Fund Online?
* www.icicidirect.com: which has Rs.250 charges for non equity and Rs. 500 for equity and transaction charges
* www.reliancemoney.com: has some lifetime charges may be Rs.750 and other transaction charges
* www.timesofmoney.com: free of charge...
* www.moneycontrol.com: offers only limited MF to buy online. I don't know about charges.
2007-08-25 03:45:05 · 9 answers · asked by Anonymous in Business & Finance ➔ Investing
Buy MF's from an agent who have ARN No. And then ask the company to provide a PIN, you can operate your A/C of that particular folio no. and even sell the units online.
2007-08-27 07:21:34 · answer #1 · answered by Sameer R 2 · 0⤊ 0⤋
My advise (yes I own mutual funds) is to go to a financial adviser. Edward Jones or the like. Unless you are a real whiz at market trends, etc. it's best to listen to the advise of an expert. This doesn't mean you can't do some research on your own (you should). I recommend setting up a monthly payment that goes into the fund, however much you can. Think of it as a monthly bill and forget about it. The adviser can do all of this for you, you just sign the papers and it's done.
2016-05-17 10:54:23 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I would rather suggest you not to buy fund online. If you have a friend who is a mutual fund advisor just approach him. When you buy a fund online you will not get after sale servie. Suppose in case you dont get Statement of Account, You may not get dividends on timely basis, you may not get redemption proceed on time. So at that time who will be there to help you? Who will you approach? I have a doubt that they will respond to your online queries.
In other hand your broker (ARN Holder) will help you in any case because he wants you next time.
Howver, if you are knowledgale enough to solve these problems on your own then you can buy online. You dont need to have Demat or trading account with DP for that. You can apply online and pay by Net Banking. This facility is available in select funds.
I am a Financial Advisor and i sell funds online. Visit my site in source and have a look at this new fund offer of ICICI-Pru IndoAsia Equity Fund. You can apply online and pay via your Banks site using netbanking.
2007-08-25 17:48:34 · answer #3 · answered by Bhavesh Patel 2 · 0⤊ 0⤋
it is better to go to a mutual fund distributor. u get a lot of advice and there are no charges at all. On the other hand a number of MF distributor pay u incentives out of their commission eg rs 500 on an application for rs 50,000/-
2007-08-25 14:38:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I like the T Rowe Price family of mutual funds.
www.troweprice.com
2007-08-25 04:02:59 · answer #5 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
go into a bank and buy - no charges, they will fill the form for you, and you only have to sign it.
no fees too.
but why do u want to put money into MF's - buy property
2007-08-25 04:03:24 · answer #6 · answered by datasprite 3 · 0⤊ 0⤋
Capital Bank and Trust has been around for years and is one of the largest. www.capgroup.com
2007-08-25 07:03:11 · answer #7 · answered by janice C 2 · 0⤊ 0⤋
Check out www. fidelity.com
This is one of many good alternatives.
2007-08-25 03:49:40 · answer #8 · answered by Tomel 3 · 0⤊ 0⤋
sharekhan.com
2007-08-25 04:30:24 · answer #9 · answered by ► Anx Rox ◄ 3 · 0⤊ 0⤋