Doubt regarding Mutual fund in demat form
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I have been investing till now through AMC websites but now I think it's too much hassle to login to individual websites. So thinking to go for Coin as I already have Zerodha for stocks. Any cons for this? Please share.
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Yes currently using Mfcentral only for viewing portfolio and invested and redeemed few times through it too. But interface is not that good.
Using coin, no significant issues so far, unified platform for trading, demat and direct MF...
Same doubt. Not all mutual funds are traded in major exchanges, even then low volumes. Selling would be a hassle right? I read somewhere buying and keeping them direct is better than demat form. Any thoughts?
I have been investing till now through AMC websites but now I think it's too much hassle to login to individual websites. So thinking to go for Coin as I already have Zerodha for stocks. Any cons for this? Please share.
As you get busy with your working life, family life, caring for your children, providing for your parents welfare, your own old age dragging you down, etc., it's going to get even more difficult to manage and track all these savings and investments in multiple accounts with multiple logins & passwords, multiple kyc renewals etc. So the wise thing would be to put everything in one place right now and make time for the other important things in life.
Choose a demat service provider that is less likely to get listed. In the Indian scenario, any good service that gets listed goes to the dogs thereafter.
Yes yes for exactly the same reason.
Demat account nominee has ownership rights on stocks or mutual fund units held in demat account. Transmission in case of death may be easier with demat. Nomination and convenience are the only factors for demat vs non demat.
People keep asking this repeatedly whether to use apps or AMC website. It doesn't matter. Use whatever you like.
Doesn't transactions in MF in demat form attract brokerage charges?
I use MF Utilities for all kind of transactions. So far I am happy with it. and Use Value Research Online to track my portfolio, as I can also track trading too.
If ur units are not in demat, just shift to MFU or MFCentral. U will be able to manage ur existing holdings across all AMC as well if they are in DIRECT.