Hello everyone.
As I posted a few months ago, I was looking forward to investing in a few Mutual Funds on my own, Direct Plans, after realising that agents not always suggest the best funds for clients but rather go for better commision.
http://www.traderji.com/community/t...t-their-portfolio.104813/page-10#post-1247973
Anyway, I am a bit late going into it. I started 5 new SIP plans, all direct, Rs 3000 per month for 36 months. They will start from 7/14/21 Nov. I bought all of these online, it hardly took 2-3 hours in all, only few stuff like PAN no, Aadhar, Netbanking ( HDFC ) was needed, you need to be KYC verified, and some required signed cancelled cheque of the account you're using for the funds.
These are the funds
Motilal Focused Multicap 35 -DP (G) ~ stellar performance upto June 2017, a bit down now but hoping it'd bounce back.
Kotak Select Focus Fund - Direct (G) ~ holdings are safe stocks, for large cap cover.
Mirae Emerging Bluechip -Direct (G) ~ A bit heavy into banking but betting on Mirae to deliver.
HDFC Balanced Fund - Direct (G) ~ Balanced Fund cover.
HDFC Small Cap Fund - Direct (G) ~ small caps good diversity.
I have fixed deposits kept aside, these funds are a bit on the riskier side intentionally.
P.S. - I wanted to go for Reliance Small Cap Fund - Direct Plan (G) but it asked for my CKYC reference number when registering online, I dont know what it is, went with HDFC Small Cap instead.
As I posted a few months ago, I was looking forward to investing in a few Mutual Funds on my own, Direct Plans, after realising that agents not always suggest the best funds for clients but rather go for better commision.
http://www.traderji.com/community/t...t-their-portfolio.104813/page-10#post-1247973
Anyway, I am a bit late going into it. I started 5 new SIP plans, all direct, Rs 3000 per month for 36 months. They will start from 7/14/21 Nov. I bought all of these online, it hardly took 2-3 hours in all, only few stuff like PAN no, Aadhar, Netbanking ( HDFC ) was needed, you need to be KYC verified, and some required signed cancelled cheque of the account you're using for the funds.
These are the funds
Motilal Focused Multicap 35 -DP (G) ~ stellar performance upto June 2017, a bit down now but hoping it'd bounce back.
Kotak Select Focus Fund - Direct (G) ~ holdings are safe stocks, for large cap cover.
Mirae Emerging Bluechip -Direct (G) ~ A bit heavy into banking but betting on Mirae to deliver.
HDFC Balanced Fund - Direct (G) ~ Balanced Fund cover.
HDFC Small Cap Fund - Direct (G) ~ small caps good diversity.
I have fixed deposits kept aside, these funds are a bit on the riskier side intentionally.
P.S. - I wanted to go for Reliance Small Cap Fund - Direct Plan (G) but it asked for my CKYC reference number when registering online, I dont know what it is, went with HDFC Small Cap instead.
How did you get your KYC verified?
I already have a DEMAT account, do I still need to get my KYC done or I can directly go ahead and my MF ?