Cheaper buying options for SIP's


Arv90

Well-Known Member
Adept
Sep 9, 2011
308
118
82
30
/home/Work
Hi,

I have a few SIP's getting deducted every month via a local investment broker.
I have been wondering whether buying these funds directly will make any difference in the NAV's allocated.
I have this feeling because the investment broker would definitely tap his commision in the process.

So is it profitable to bypass the broker?
If yes, how can I?
 

theoracle

Well-Known Member
Adept
Jun 4, 2011
313
127
81
The best way I think, would be getting a CAN (Common Account Number) from https://www.mfuindia.com/Investors which is a platform created by consortium of MF companies. Get access to mfuonline.com once you get your CAN, then start investing into direct funds via mfuonline.com (rather than going thru individual sites of Mutual funds, which could become unmanageable) . If you are already KYC compliant this process is completely online and might take around 1 week to complete.
By going direct you would be saving around 1% of your investment per year.
 

shady2pac

Well-Known Member
Adept
Sep 1, 2008
449
403
152
38
Hyderabad
The best way I think, would be getting a CAN (Common Account Number) from https://www.mfuindia.com/Investors which is a platform created by consortium of MF companies. Get access to mfuonline.com once you get your CAN, then start investing into direct funds via mfuonline.com (rather than going thru individual sites of Mutual funds, which could become unmanageable) . If you are already KYC compliant this process is completely online and might take around 1 week to complete.
By going direct you would be saving around 1% of your investment per year.
+1.