FAQ on Indian Mutual Funds

rajumail · Post by **rajumail** » Fri Nov 16, 2007 10:53 pm

Where can one find indian Mutual funds which track the funds from other countries.
Say If i am lookig for a fund in India which would track the Australian Stock market index or follow S&P 500 or other ETFs ..so how do u do it

On summery I am looking for indian funds / etfs (which u buy in india) and they invest in sticks outside india

rajumail · Post by **rajumail** » Thu Nov 22, 2007 2:35 am

bump up

Lakshya · Post by **Lakshya** » Fri Nov 23, 2007 7:45 pm

Assuming you are in India and you want to trade MF which trade outside of India eg US/Aus/ETF. Do your want to buy something in Rs? Thats what you saying?

sds2 · Post by **sds2** » Sat Nov 24, 2007 8:34 am

Why and how to go global
http://moneytoday.digitaltoday.in/index.php?option=com_content&Itemid=1&task=view&id=2197§ionid=106&issueid=28&page=archieve

rajumail · Post by **rajumail** » Sat Nov 24, 2007 10:53 am

yes the intention is to invest using indian Rupees in india using a indian account but investing on markets out side indai

Lakshya · Post by **Lakshya** » Sat Nov 24, 2007 8:17 pm

I believe as of now ICICIdirect will let you open account, for investing outside of India. But i know they charge very high fees. You need to write detail post about your objective. Usually people here follow AAP and would not just give you any suggestion without understanding your goal or objective. BTW why invest outside India? When everyone wants to invest in India? Indian index MF should do your job.

dhindia · Post by **dhindia** » Sat Nov 24, 2007 8:48 pm

LTA

How much is ICICI Direct's fees. I use them for SIP for parents accounts and have not really found out the fees. Is their stock fees even higher. can ypu point me to a link?

Thanks

Lakshya · Post by **Lakshya** » Sat Nov 24, 2007 9:30 pm

dhindia:

I may be wrong but I don't think icici is chg in fees for any Indian MF, (MF will chg entry load) but I know they do chg for any investment you want to do outside India regardless its MF or stock.

For fess for stock trading you may want to check this link

http://content.icicidirect.com/Brokerage.asp
http://content.icicidirect.com/mailimages/feeschedule.htm
http://content.icicidirect.com/mailimages/FAQS.htm

shankar_ss · Post by **shankar_ss** » Tue Nov 27, 2007 3:53 pm

Some of the Indian Funds which invest in stocks/ funds abroad are

Fidelity International Equity Fund
DSP ML World Gold Fund
Principal Global Opportunities
Birla Sunlife International equity
ICICI Indo Asia Equity Fund
ING GLOBAL REAL ESTATE ( NEW FUND)

These are some funds that come to my mind immediately..there are other funds which invest partly in global/asian stocks..

Old-Spice2 · Post by **Old-Spice2** » Sun Mar 02, 2008 11:42 pm

#659
>>>I want to switch my investments from one equity fund to another equity fund. I paid entry load on the initial investment. I don't need cash at this point so want to completely transfer the investment. Currently, I invest through Times of Money.

>>1. Do I need to sell the current fund and buy the new one incurring entry load again on the new fund?

If you are switching between two different MF family, you will have to pay entry load again.

>>2. Is there a way to do so without incurring any load?

Yes, invest directly with the MF instead of Times of Money.

>>3. Does it make difference if I switch to new fund from the same AMC vs a different AMC?

First, why do you want to switch? Are you chasing performance or realized the first fund is a dud?