Right guys. Some guidance would be helpful.
I have invested about 3k per month via SIP in 3 different funds since December 2006 via broker as I am based overseas and had no clue how to do this. Now as I am more 'sayana' lol, I think using broker was bonkers as it seems there will be an entry load for every SIP which will be credited to the broker---is this correct?
Now I know I can ask the AMC to treat future SIP's as direct and as a rule of thumb I have decided to not use brokers at all. How do I ask the AMC to do that without loosing the same folio number?
Will the AMC permit this?
Or should I cancel my SIP and restart it in the same Folio?
Another question, is there any software ( paid/free) I can use to track the investments?
Many thanks.
I have invested about 3k per month via SIP in 3 different funds since December 2006 via broker as I am based overseas and had no clue how to do this. Now as I am more 'sayana' lol, I think using broker was bonkers as it seems there will be an entry load for every SIP which will be credited to the broker---is this correct?
Now I know I can ask the AMC to treat future SIP's as direct and as a rule of thumb I have decided to not use brokers at all. How do I ask the AMC to do that without loosing the same folio number?
Will the AMC permit this?
Or should I cancel my SIP and restart it in the same Folio?
Another question, is there any software ( paid/free) I can use to track the investments?
Many thanks.
U have 2 cancel previous SIP & start afresh as DIRECT to cancel entry load.
www.valueresearchonline.com & www.moneycontrol.com offer such tracking as u demand for free.
mr india