Comment on Start investing in mutual funds @ Zerodha
commented on
14 Nov 2016, 09:32 PM
Nithin Kamath, first of all I would like to congratulate you and thank you for easing our life. I was a sharekhan user earlier, but once I came to know about Zerodha and I started using it, I knew that the time has come to move to Zerodha completely.
Coming to my query, I want to invest in MF. I do not want to go for SIP, but I have to invest in multiple phases. Lets say I have 15k and want to invest in HDFC High Interest Dynamic-G, with the initial investment of 5k and the remnant amount anytime when the NAV is down. So lets say I end up investing 15K in 3 phases, would it result in purchasing the MF, 3 times or the Nav would be averaged out like in stock?
Please help.