aspose file tools*
The moose likes Meaningless Drivel and the fly likes India - Mutual Fund Management Big Moose Saloon
  Search | Java FAQ | Recent Topics | Flagged Topics | Hot Topics | Zero Replies
Register / Login
JavaRanch » Java Forums » Other » Meaningless Drivel
Bookmark "India - Mutual Fund Management" Watch "India - Mutual Fund Management" New topic
Author

India - Mutual Fund Management

Anoushka Sharma
Ranch Hand

Joined: Apr 10, 2006
Posts: 113
I need somebody to manage my mutual funds. I think my problem if I go with the banks like HDFC, ICICI etc. is that they only have funds from certain AMCs. I ideally dont want to run into a situation where 50% of my funds are managed by HDFC and 50% by ICICI. I want a single institution to manage all my funds. I need a good online account facility to track my funds. So what do I do? What are the options available in this area. Howz this Geojit thing? Please englighten.
Murali Mohan
Ranch Hand

Joined: Jan 09, 2006
Posts: 66
Hi Anoushka,

I have some advise for you. Actually this is how I manage my mutual funds.
I manage my funds myself. If your investment is less than 30K/month then it is not difficult to manage the funds yourself.

I have an account in ICICI Direct. Their service & charges is good enough for my needs. I think it will also suitable for you. If you don't have much idea regarding the mutual fund then go to Value Research Online. This is a very good site. It is better to manage your funds yourself( If you are not investing above 30k/month ). Hope you got some help.


Thanks,<br />Murali...
Anoushka Sharma
Ranch Hand

Joined: Apr 10, 2006
Posts: 113
I do have accounts with ICICIDirect and Valueresearchonline, thou i dont use the former for MFs. And I dont want to depend on the institution as such for selection of funds etc. I will do that myself, but I guess I need someone to do all the donkey work for me, but I am not sure if there is too much donkey work here. It would be nice for someone to send you statements and reminders etc. Dont these guys provide any added advantages.
Murali Mohan
Ranch Hand

Joined: Jan 09, 2006
Posts: 66
but I guess I need someone to do all the donkey work for me, but I am not sure if there is too much donkey work here.


Can you explain what donkey work you are saying about.

It would be nice for someone to send you statements and reminders

I get regular statement from ICICIDirect, and also I get reminders for my SIP installments.

If you can tell, what all facilities you want. I may able to help you.
Anoushka Sharma
Ranch Hand

Joined: Apr 10, 2006
Posts: 113
but then I dont think ICICI Direct has all MFs, do they? A year back, I remember having searched for a few, which I couldnt find.
Murali Mohan
Ranch Hand

Joined: Jan 09, 2006
Posts: 66
I think they have almost all funds available with them.
Anoushka Sharma
Ranch Hand

Joined: Apr 10, 2006
Posts: 113
ok let me check and get back to you.
Anoushka Sharma
Ranch Hand

Joined: Apr 10, 2006
Posts: 113
you are right, I think most of them are there now. I couldnt find a few thou like HDFC Equity, HDFC Top 200, SBI Magnum Contra.
Anoushka Sharma
Ranch Hand

Joined: Apr 10, 2006
Posts: 113
When you try to buy a SIP through ICICI Direct, it assumes you want to make the installments out of your ICICI account, if I am not mistaken. Please correct me if I am wrong. Is it possible for me to pull the installments from lets say HDFC?

And you have said that you are happy with their service and charge. Do they charge? I thought it is free. I do have an account and I dont think I am paying anything for that.
R K Singh
Ranch Hand

Joined: Oct 15, 2001
Posts: 5371
Originally posted by Anoushka Sharma:
I thought it is free. I do have an account and I dont think I am paying anything for that.


I think for you Rs.500-1000 must be small amount and you miss to notice in your account statement when it was debited


"Thanks to Indian media who has over the period of time swiped out intellectual taste from mass Indian population." - Chetan Parekh
Murali Mohan
Ranch Hand

Joined: Jan 09, 2006
Posts: 66
Sorry for the delay in replying.
I couldnt find a few thou like HDFC Equity, HDFC Top 200, SBI Magnum Contra.

I am investing in HDFC Equity, SBI Magnum Contra thorugh ICICIDirect. There is a slight different naming. But they are there for sure.

When you try to buy a SIP through ICICI Direct, it assumes you want to make the installments out of your ICICI account, if I am not mistaken. Please correct me if I am wrong. Is it possible for me to pull the installments from lets say HDFC?


Yes. These installments are debited from your ICICI account only.

And you have said that you are happy with their service and charge. Do they charge? I thought it is free. I do have an account and I dont think I am paying anything for that.

They have annual charges. It is not free. The anual charges differ for different accounts with different options. You can refer the site for more information.
 
I agree. Here's the link: http://aspose.com/file-tools
 
subject: India - Mutual Fund Management