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

Comments

Post a Comment

Popular posts from this blog

Real estate prices in India face slowdown

Real estate price in India is stabilizing and is facing steady slowdown especially in the metros. I have taken Bangalore as an example in this blog but other places too are affected by similar concerns. In Bangalore the real estate price is going crazy, though none of the real estate agencies would like to agree to this fact. Property prices moves due to the basic principle of Demand & Supply When demand is high & supply low prices will go up When demand is low & supply is high prices will come down For example let’s assume that somebody has bought a property for Rs X and he is trying to sell the property (say after a year), there can be three options, assumption being that the owner is in need of money and cannot wait for more than 3 months to sell the property. When the property prices are zooming everywhere> Here the owner will try to add as much premium to the property as possible, wait for three months and sell off in the last month at the highest bid ( RsX + RsY) W
Read more

Rupee Appreciation seems to be round the corner. Why / How /when

Factors which can lead the Rupee appreciation ·         Base rate effect to kick in  and the inflation numbers will go down and will be very much within the magic figure of 6 ·          Reversal in interest rate cycle ·          Increase in corporate confidence & profitability ·         FII money flows into the country ·         Hike in NRI deposit rates will also help in money flowing into the country due to arbitrage opportunity ·         Allowing Qualified Foreign Investors (QFI) to invest directly will allow money to move into the country. ·         US economy showing sign of improvement to help local market sentiments. This will again be positive to move in money to India. All these factors can lead the Rupee to appreciate and move away from 53 to below 50. Factors which can hinder the Rupee appreciation  ·         Sovereign debt situation worsening in Europe.        The best option today for NRI investors is to take advantage of the dep
Read more

QFI can now directly invest in the Indian stock markets. Views, Process, Advantage & Disadvantage

A QFI (Qualified Foreign Investor) is a KYC-compliant foreign investor who is a  resident in a country complaint with FATF (  financial action task force)  standards, a signatory to the International Organisation of Securities Commission's multilateral memorandum of understanding. QFIs should not be resident in India or registered with Sebi as a foreign institutional investor or sub-account.  This is a very good news for the markets as well as to the QFI. First advantage is a QFI doesn't have to worry about all the paper work & compliance in opening an  account with an FII and then investing in the Indian market. Going forward a QFI will only need to open a  DP account and a bank account and can use the advisor/broker to help in executing transactions. (More details on the process is still awaited). Secondly the limits on how much maximum amount a FII and a group of QFI can invest into a company has been increased to 10%. This is good as QFI's are mostly long term
Read more