Hello Friends,
I am planning on investing into MF through SIP route and so I am contemplating about the ECS service which allows the funds to directly deduct money from the SB account.
How safe is this route? is there any risks involved w.r.t the agent or the fund guys misusing this facility? as of now, I have my salary a/c only thus wondering if I should get another a/c where I can put only the amount required to minimize any risks involved.
Appreciate any suggestions you can provide.
thanks,
tm
I am planning on investing into MF through SIP route and so I am contemplating about the ECS service which allows the funds to directly deduct money from the SB account.
How safe is this route? is there any risks involved w.r.t the agent or the fund guys misusing this facility? as of now, I have my salary a/c only thus wondering if I should get another a/c where I can put only the amount required to minimize any risks involved.
Appreciate any suggestions you can provide.
thanks,
tm