I invest in mutual funds directly through AMCs. I have come to know that sites like fundsupermart.co.in and fundsindia.com are offering free online investing services. Should I opt for these services? Will it make any difference if I invest online instead of investing directly in the schemes?
-Rahul Kansal
With the abolition of entry loads, you need not pay any entry charge on your investments whether you transact through a broker or directly with the fund house. However, if you want to invest online, you would need an online banking account. Most banks have nil or nominal charges for online accounts.
It's true that by going online you can invest in schemes of different fund houses on a single platform, and it does save you the hassle of visiting each fund house website separately.
This article was originally published on November 25, 2010.
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