In my past interactions with you and based on the other feedback that I have received, one issue that has stood out is about investing in direct plans of mutual funds.
It is just not easy today.
What are your options?
- Your regular distributors, including the online ones, do not offer direct plans. That is not their business model. This is thus not an option.
- The registrars including CAMS and Karvy have a limited online facility to invest. The myCAMS solution from CAMS is great but then is limited to lump-sum and switch transactions as of now, not SIPs. Not to mention, you can deal with only the 15 Mutual Funds. What about the others? The solution from Karvy, which is another registrar like CAMS, is nothing to write about.
- The next option is that you invest with mutual funds directly. This is super cumbersome. You have to go to each fund house’s website that you want to invest with, create a login id and password and then go through the process of investing. The result is multiple login ids and passwords and no central tracking or monitoring of your portfolio.