Invest/trade in Indian Mutual Funds

fundoo101 · Post by **fundoo101** » Thu Dec 30, 2010 11:55 am

What is the best way to invest/trade in Indian Mutual Funds? Any suggestions for a good online brokerage firm? Anything even close to Vanguard/Scottrade in terms of low fees, transparency, customer service and choice of Funds?

RRK's Beginners Guide to Investing in India was very helpful but its incomplete as it focuses only on Stock trading.....

nutanparekh · Post by **nutanparekh** » Mon May 09, 2011 6:57 pm

The the best way to invest in Indian Mutual Funds is through Systematic Investment Plan (SIP) as that would spread your investments over a long time and protect you from the daily volatility/fluctuations in the market. It involves making fixed payments over a particular period of time and eliminates the need for having a huge initial capital. If invested over a long term SIP can give good returns.
For a good online broking firm, I would suggest GEPL Capital. Its a decade old, reputed broking firm providing a wide range of financial services like equity trading, mutual funds investment, commodity trading, portfolio & wealth management services, insurance advisory, debt trading, etc. The also have a state of are online trading platform for their customers to monitor and trade their investments through any laptop/desktop from the comfort of their home.

RRK · Post by **RRK** » Tue May 10, 2011 12:09 am

I see you are trying to promote GEPL capital here.

why would any one buy mutual funds via brokerage firm ?

What is the brokerage rate applicable for buying mutual funds ?

suny · Post by **suny** » Thu May 19, 2011 5:32 pm

i have been using fundsindia.com and so far i am impressed. However my relationship is about 3 months with them neverthless i woudl recommend you to check it out for folks wants to invest in MF without any trading charges.

nashontheweb · Post by **nashontheweb** » Thu Jun 09, 2011 7:57 pm

Hi fundoo. If you are looking for the equivalent of Vanguard, I suspect there isn't one which is as big or offers that range of funds. Having said that, there are several reasonably big Fund Houses - UTI, HDFC, ICICI, Birla Sun Life - to name a few.

Most of these offer the option of investing online and managing your transactions online. However, you will still need to, at least once with each fund house, send in a physical application form together with KYC (know your customer) documents, a cancelled cheque ( to validate your bank details) etc. And you will transact on each fund's website independently.

The more convenient route - is the use of online portals such as Fund India or Fundsupermart. There is still a one-time requirement to send a signed application form, KYC documents (or application) and cancelled cheque - but once your account is succesfully activated, subsequent investments do not require this.

If you believe in rupee cost averaging, (called SIP or Systematic Investment Plan) in India, Funds India still requires you to send a cancelled cheque etc for each SIP you set up. However there is a way to get around this - you can invest a lump-sum in a liquid fund (with zero entry/exit charge) and set up a systematic transfer plan (STP) to your fund of choice (the liquid fund should be from the same AMC as the scheme you are interested in).

Nash

suny · Post by **suny** » Fri Jun 10, 2011 11:26 am

STP is good option for you to park money in in liquid fund and then do SIP in equity MF.
However with Funds India, you can fill ECS (Electronic Clearing Service) mandate form and sign it.
Funds India will work with bank to take the amount from yoru account on any given date.

If you are investing in say 3 funds, then setup SIP on 1st, 10, 20th dates so that you kind average the market ups/downn in a given a month than doing all on one date.

Suny

vishal412 · Post by **vishal412** » Tue Jul 26, 2011 12:25 pm

Yes SIP route of investing in Mutual Fund is best way of investment. You should select a Mutual Fund based upon performance of Mutual Fund track record of Mutual Fund etc. You should invest for longer period of time in Mutual Fund to get better return on your investment. There are many good Mutual Funds where you can park you money ,like HDFC Top 200, Quantum Long Term Equity Fund, Fidelity Equity Mutual Fund etc.

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