How to invest in mutual funds?

Whether demat and online trading account necessary to buy mutual funds?

Which demat and online service is good for mutual funds?

I am working. Which mode is better for me?

I will invest only in mutual funds. Not going to buy shares.

I need some help friends..

You can go through a demat/trading account to buy mutual fund units, but that will attract brokerage.

Instead of that, you can directly apply with the mutual fund house (AMC). In this case, for the first time you will have to visit their branch in your town and fill in the paper form and submit. Along with it, also submit a form to get online access. Once you have the online access, you can further buy/sell/switch your funds online itself. This approach does not have any brokerage charges and the entire sum will be invested.

You will have to do this for each fund house you invest with.

Thanks for your reply mate. I saw some websites selling MF's.

Whether buying through sites like moneysights, fundsindia safe? Any other safe websites available? Do these websites have any hidden charges? They say it's free service. Any suggestions please?

Please buy the SIP way and not lumpsum.

Start SIP for at least 36 months and after that hold for at least a further 2 years.

Choose the actual MF scheme as per your risk-profile. If you can't make a decision, go with HDFC Prudence (Growth).

Sorry, I do not have experience with those websites so cannot comment. But I think directly investing with the AMCs is the best option.

Thanks guys.

I plan to do sip in hdfc balanced or prudence.

Not sure whether to do in quantum LT equity and dsp top 100.

Anyone doing through websites please suggest me.

I think HDFC Prudence is the best balanced fund out there currently.

As for Quantum LT Equity and DSP Top 100, I think both are good. HDFC Top 200 is also a very good large Cap fund.

I have used both the Fundsindia and Moneysights websites. Fundsindia is really worthy and secure to use. Of course moneysights looks flashy but they are offering less funds to buy. Fundsindia supports around 36 mutual fund companies for buying mutual funds and they process as per the mentioned timelines without any delay. It is one of the best websites to make our life simpler. You will get SMS and emails for every transaction you do.

Note: I am no way related to the fundsindia management nor am an employee of fundsindia.

Don't put your money in mutual fund. You have no detailed idea about these people. Mutual funds portfolio managers have lot of restrictions by law. They miss lot of opportunities because of it and it is designed in such way that all A list securities like Reliance,Tata, L&T get their money. Never invest in mutual fund, better you put it in FD for risk free return.

Hi Santos,

Welcome to the world of investing. Kindly do a search in the existing threads for basic queries.

Refer to this thread : Buying Mutual Funds Directly from AMC?

If you have any specific query you can post a reply in the same thread. That way it helps to keep the forum organized and clutter free.

If you have queries regarding your portfolio/ which funds to invest, start a thread in the portfolio section and and put your query there.

So what law is it that forces mutual fund managers to put all their money in companies like Tata & L&T?

Thanks for all your suggestions guys.