Comment on Introducing Coin - our Direct Mutual Fund Platform
commented on
24 May 2017, 01:33 PM
What about Depository charges if MF units are in demat form…Even that has to be taken into consideration..if we want to redeem units which are in Demat account, then there is a depository charge plus service taxes…that does not implies on MF’s which are bought directly from AMC’s….Now that comes out be a large amount…but that does matter..Also, I am having 2 funds which are directly through AMC’s…its very simple nowadays..just have to register with all your details…if you are KYC complaint…then the process becomes fast..otherwise it takes around a day…All AMC’s are having good technological setup today on their web portal…You get every option like redemption,STP,etc..
I would always go with direct MF with AMC …