Options to self manage your money

SEBI (Securities Exchange Board of India) banned the entry load on Mutual funds few months back which has now created a whole new dimension for investment management.

I call it "U Manage U Reap" dimension. Today as an investor if you know the very basic of financial planning and  if you can make a decent plan for yourself  then the whole investment process can be managed online and that to for no fee (or very very less fee). There are websites through which you can go and invest your money like the websites of Asset management companies and there are also sites through which you can keep track of your investments like moneycontrol, yahoo finance, karvymfs etc and to top it up you also have websites through which you can request your statement of investments like karvymfs.com which gives you consolidated fund statements from Karvymfs + Cams+ FTAMIL all for free.
Ok its true that it might not give you statements from all the  mutual funds available in India but if I am not wrong more than 95% of funds will be covered. You just need to know which all Mutual funds companies Karvymfs, Cams and Ftamil covers and then invest.

Its an excellent option for NRI's ( Non Resdient Indian) and also for domestic investors.

So if I am an investor my "U manage U Reap" dimension will look like this:

For Financial planning        : Self made plan / or take help from some sites like mine
For Buying/Selling Funds   : Moneycontrol.com / directly via AMC websites
For Tracking purpose        : Karvymfs.com

Hope this post add value to your thinking.

This is not and exhaustive list for "U Manager U Reap" dimension. Request you to comment on this post and let me know of other companies and websites which can be added here.

Thanks

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