The Mutual Funds Investment Thread

[thetechfreak]

creating id everywhere is problematic. how many you guys using groww ? and feedback you want to share.

Kuvera is one of the better ones for MFs. Zerodha was my goto but the new SEBI changes screwed them.

 

[Desmond]

Is it possible to transfer MFs between these services?

 

[whitestar_999]

Is it possible to transfer MFs between these services?

These "services" are just interfaces for your MF investment kind of like how you can open same gmail on chrome, firefox or edge by logging in with same user id & password. All your MF investments are linked to a unique portfolio no. which you need to enter in any of these "services"/apps to see your MF investment & do the txns.

 

[Zangetsu]

creating id everywhere is problematic. how many you guys using groww ? and feedback you want to share.

I'm using Groww for MF

 

[omega44-xt]

creating id everywhere is problematic. how many you guys using groww ? and feedback you want to share.

I started my stock market journey with Groww, later switched to Zerodha for stocks but still use Groww to check stock (interface is easier to use) & still use it for my MFs.

 

[thetechfreak]

Is it possible to transfer MFs between these services?

Normally yeah but zerodha its hard (as they used to store in demat form). Not exactly sure how Kite is doing it these days.

 

[whitestar_999]

Normally yeah but zerodha its hard (as they used to store in demat form). Not exactly sure how Kite is doing it these days.

As per new sebi guidelines every MF provider will have to move to demat units system sooner or later.

 

[Vyom]

As per new sebi guidelines every MF provider will have to move to demat units system sooner or later.

Is that the case? How does it matter? What's the pros and cons of one over the other?
Any good article you can point to refer?

 

[shreeux]

As per new sebi guidelines every MF provider will have to move to demat units system sooner or later.

There is an option...not mandatory

 

[whitestar_999]

There is an option...not mandatory

Maybe if one directly buys from MF house but in case of 3rd party apps/sites everyone will move sooner or later to demat based system. Already Groww started doing this as it is mandatory now for any new user registering on groww to also open demat acc there which was not the case earlier.
@Vyom I couldn't find any rbi link but do see these 2 links.
thehindubusinessline.com/markets/paytm-money-to-make-demat-account-mandatory-for-mf-investment-from-july-25/article65606713.ece

economictimes.indiatimes.com/markets/stocks/news/paytm-money-extends-deadline-for-mutual-fund-investors-to-open-demat-account/articleshow/92857616.cms?from=mdr

 

[shreeux]

Maybe if one directly buys from MF house but in case of 3rd party apps/sites everyone will move sooner or later to demat based system. Already Groww started doing this as it is mandatory now for any new user registering on groww to also open demat acc there which was not the case earlier.
@Vyom I couldn't find any rbi link but do see these 2 links.
thehindubusinessline.com/markets/paytm-money-to-make-demat-account-mandatory-for-mf-investment-from-july-25/article65606713.ece

economictimes.indiatimes.com/markets/stocks/news/paytm-money-extends-deadline-for-mutual-fund-investors-to-open-demat-account/articleshow/92857616.cms?from=mdr

If you buy in third-party app need Demat for safe...other than buying via any brokerage no need...they will add in Demat

 

[thetechfreak]

Main issue of buying from AMC direct is KYC has to be done separately every time

 

[whitestar_999]

Main issue of buying from AMC direct is KYC has to be done separately every time

No you don't. When creating an acc directly at any AMC website you need to enter your PAN & if it is ckyc verified then no need of any further kyc.

 

[RumbaMon19]

Anybody here using 12% club or any experience with it?

 

[whitestar_999]

Anybody here using 12% club or any experience with it?

I won't suggest it to any typical investor. Basically, if you need to ask about it then you don't need it.

 

[thetechfreak]

Anybody here using 12% club or any experience with it?

Someone wrote this interesting reply on reddit a while back:

The idea is your money is split into small loans and split into multiple loans at 18%. Smaller loans would mean lesser risk and surely not everyone will default at the same time right?
US housing crisis 2008 happened cause of this. Loans were merged and sold together as an asset class. Surely people would pay their loans right? Well, as more & more riskier loans were given....we all know what happened next.
I see this as a parallel (somewhat), and won't be investing on this instrument.
EDIT: I am no financial advisor or SEBI registered. Pls talk to your advisor before making any investment decision regarding selling or buying.

 

[Nerevarine]

You can take a look at equitas & ujjivan small finance banks too then. Both have good financial fundamentals & Equitas even partnered with google pay for providing FD on their platform.

Whitestar whats the latest news on FD, based on interest rate. I need to park liquid funds until next year.

 

[Vyom]

Liquid funds is just a small part in Debt funds category. I am also trying to find a good debt fund, to park emergency money for short duration.
Unlike normal MF though, debt funds are very complicated. I came across these 3 videos where it have explained in a very good way. After watching this you should have a pretty good idea on how to find good fund for you and your goal:

1. *www.youtube.com/watch?v=LyePk679Crw
2. *www.youtube.com/watch?v=TDU8lve33KI
3. *www.youtube.com/watch?v=QzBcS_56V_w

 

[pkkumarcool]

which mf are you guys invested in? What is your portfolio? I am looking for long term investment atleast 3+ yrs.

 

[Desmond]

I have been currently investing in PGIM India Flexi Cap Fund for last one year. No complaints as such.