Ways to start SIP ,
1) Demat account , not preferable , you may need to pay yearly monthly charges
2) Go to specific bank
3) Buy online
4) Go to CAMS (where you can buy SIP of different kind at one place except RELINACE SIP ) , I feel this is best way as it does not charge you anything and at one place you can buy all kinds of SIP , E.G , DSP BR , HDFC , BIRLA etc .
Address – Its near to Manipal centre , Dikenson road , ½ km from MG road petrol pump .
5) For reliance MF go to Manipal centre (address mentioned above )
Documents needed ,
1) PAN copy
2) Bank Cheque of the bank from which you want to get automatic money transaction for every month
3) Now a days KYC ,If you don’t have you can get it done through banks /CAMS .
4) Filled Mutual fund form , which can download or can get from the CAMS/RELMF center .
Funds to buy ,
It depends on risk appetite ,
Riskier one’s are the one which is small and mid cap funds , Sector oriented funds like some would power sector , some pharma funds etc .
Safer one’s (lesser gain and lesser loss) – LARGE CAP / BLUE CHIP FUNDS ,funds which invest in mostly big companies . , Balanced fund where only part of your money is invested in equity , funds which is diversified .
Gold ETF’s are also available , which is kind of paper gold ,--e.g –benchmar gold exchange traded fund .
For online info ,
http://www.onlinemutualfundsindia.com/
http://www.mutualfundsindia.com/
1) Demat account , not preferable , you may need to pay yearly monthly charges
2) Go to specific bank
3) Buy online
4) Go to CAMS (where you can buy SIP of different kind at one place except RELINACE SIP ) , I feel this is best way as it does not charge you anything and at one place you can buy all kinds of SIP , E.G , DSP BR , HDFC , BIRLA etc .
Address – Its near to Manipal centre , Dikenson road , ½ km from MG road petrol pump .
5) For reliance MF go to Manipal centre (address mentioned above )
Documents needed ,
1) PAN copy
2) Bank Cheque of the bank from which you want to get automatic money transaction for every month
3) Now a days KYC ,If you don’t have you can get it done through banks /CAMS .
4) Filled Mutual fund form , which can download or can get from the CAMS/RELMF center .
Funds to buy ,
It depends on risk appetite ,
Riskier one’s are the one which is small and mid cap funds , Sector oriented funds like some would power sector , some pharma funds etc .
Safer one’s (lesser gain and lesser loss) – LARGE CAP / BLUE CHIP FUNDS ,funds which invest in mostly big companies . , Balanced fund where only part of your money is invested in equity , funds which is diversified .
Gold ETF’s are also available , which is kind of paper gold ,--e.g –benchmar gold exchange traded fund .
For online info ,
http://www.onlinemutualfundsindia.com/
http://www.mutualfundsindia.com/
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