Comments on: Mutual Fund Investment with zero entry load

By: Pankaj Batra

Pankaj Batra — Fri, 18 Jun 2010 17:38:25 +0000

@Manish
You have to provide fund name, units and date of purchase. It fetches latest NAV from Internet to show the current value.

By: Manish

Manish — Tue, 15 Jun 2010 16:44:43 +0000

Hi Pankaj
Can you pls tell how to use this tracker?

regards
Manish

By: Pankaj Batra

Pankaj Batra — Tue, 15 Jun 2010 16:00:45 +0000

@Manish
You can download India Mutual Fund Portfolio Tracker from this page: http://www.pankajbatra.com/downloads

By: Manish

Manish — Tue, 15 Jun 2010 11:43:43 +0000

Hi Pankaj
Can you pls suggest a simple portfoli tracker which can be used for tracking investments( MF, Equity, Debt etc)

Regards
Manish

By: Pankaj Batra

Pankaj Batra — Thu, 10 Jun 2010 10:11:08 +0000

@Manish
1. All these funds are some of the better equity funds in market.
2. There is no need to redeem these funds. You may remain invested in them, If you are not in a financial need.
3. You may start new investment in HDFC Top 200 Fund, Birla Sunlife Frontline equity fund and HDFC Equity Fund. You may also choose from DSP Backrock Top 100 fund, Sundaram S.M.I.L.E Fund, Sundaram Select Midcap and ICICI Pru Discovery Fund
4. You can start new SIPs for increasing the SIP amount. Lets say you already have SIP for 5000 per month, you may add a new SIP of 2000 in same folio.

By: Manish

Manish — Wed, 09 Jun 2010 12:05:28 +0000

Hi Pankaj
I am investing in following MFs through monthly SIP.
Ques1 – Are these funds good for investment as of today?
Ques2 – Could you please let me know which fund, out of these should i continue investing and which i should redeem the units completely.
Ques3 – I want to start investing some additional amount through SIP. Should i invest in some of these below or you would like to suggest some new funds.
Ques4 – Is it possible to increase the amount of existing SIP or I need to apply for a new SIP?

Birla Sun Life Frontline Equity Fund Plan A – Gr (from Oct 2008)
HDFC Equity Fund – Div (From Jan 2008)
Reliance Growth Fund Gr (From Oct 2008)
SBI Magnum Sector Fund Umbrella – Contra – Div (From Jan 2008)
Sundaram BNP Paribas Select Focus – Gr – (From Oct 2008)
HDFC TOP 200 Fund Gr ( From June 2010)

Regards
Manish

By: Pankaj Batra

Pankaj Batra — Fri, 04 Dec 2009 05:48:09 +0000

@Mr Agarwal,
You will have to do it only one time with each mutual fund house. A single PIN is provided for a folio and you can keep multiple funds by a AMC under same folio.
Karvy and CAMS do not provide such facility but NSDL is coming up with such infrastructure (Read here for more).
Some good funds are : Birla Sunlife mid cap fund, HDFC Equity fund, HDFC Top 200, Reliance growth, HDFC tax saver, Sundaram Tax saver, SBI magnum taxgain and
Franklin India Taxshield

By: AJ Agarwal

AJ Agarwal — Fri, 04 Dec 2009 04:53:16 +0000

Thank you VERY MUCH for your reply

But my problem is that I wish to invest in at least 6-7 different Mutual Funds
That means I will have to do paperwork for 6-7 times, where there is always a time-lag

And whenever I drop an MF, and add a new MF, again I have to do that work, again with a time-lag

So therefore, I was looking for a place / site / method where I can invest for multiple MFs, with the ease of switching / adding new / deleting old MFs

Any suggestions ? Do Karvy or CAMS themselves any such online facility (since they are collecting forms anyways) ?

Lastly, would you be able to recommend 7-8 MFs which are equity based, and agggressive for long-term investments ?

ajagarwal@mtnl.net.in

By: Pankaj Batra

Pankaj Batra — Thu, 03 Dec 2009 14:05:06 +0000

@Agarwal,
You can buy mutual fund without any brokerage, entry load or service charge; directly on the mutual fund website. For that first you will have to get HPIN for the same for login into the online account. All mutual fund houses generate and send PIN by post after getting a written request along with folio details.
What you can do is for the first time, you can submit the mutual fund form by hand in CAMS/Karvy offices and along with that submit a form for PIN generation.
Other sites like fundsindia or others may not be charging as of now but may charge in future as current model does not give them anything and is not sustainable for long.
Kotak Securities, charges service charge for transactions. No idea about sharekhan.

By: AJ Agarwal

AJ Agarwal — Wed, 02 Dec 2009 20:36:30 +0000

Dear Pankaj Batra

Is/Are there any site(s), where one can buy these MF units WITHOUT any charge whatsoever ?? (no brokerage, no entry-loads, no demat transaction charges for MF units, etc.)

I heard of one such site, but am not sure whether they can be trusted : http://www.fundsindia.com

Also, which online trading portals do not charge anything for investing in MFs thru their online trading portal ?? I heard that Kotak securities and Share Khan do not charge anything, but is ut true ?

Kinldy guide as I wish to invest about rs. 4- lacs in MF units without entry load or brokerage and I wish to invest long-term

Thanks & Awaiting your reply