Finally author has realized that investing through distributor is a better option rather than running here & there or wasting time to fill up the online informations. Also, if there is any mistake in Account Statement, he will have to follow with AMC or Registrar for that. During redemptions, he will again have to take out time. In case, a declared dividend is not received, again follow up with AMC or Registrar. 2% to save these hassles is worth.
RE:good artical
by on Apr 26, 2008 11:34 PM Permalink
I too had a similar problem,earlier i used to invest using icici direct,but afte the no entry load feature came in i decided to deal directly with the AMCs. so finally i have managed to get online accounts for few fund houses like birla,hdfc,reliance,icici,principal. the process is initailly bit cumbersome like filling up the form yourself,but once you have done that and got an online account its very convenient afterwards,the list of banks to pay from is not exhaustive but still i think we can find few banks which are present everywhere,so may be open an account with them if you don't have one.
