unovest

What does Unovest mean to you?

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In the past few months, I have written about my new initiative, Unovest.

I have so far written about the features – the new mutual fund factsheet, how to upload your existing MF portfolio, set your goals and track them and transact online in direct plans of mutual funds.

There are people like Sahil Wadhwa, a Software Developer @ IDeaS, a SAS Company in Pune, who have come to Unovest and have kind words to say:

I had been a victim of bad financial advice from friends and family until I accidentally landed on blogs by Vipin and Unovest. My financial strategy has totally changed after that. Genuine and thought-full advice which I get through Unovest along with its unique reporting features gives me more comfort & control about where my money is going and how it’s performing. Now I am moving to do all my transaction and tracking from Unovest only. This trust with Unovest has actually encouraged me to double my investments since last year so as to secure my future financially.

It is truly a great feeling to know that.

Now this is all fine. But what is more important to know is its relevance in your life. What change is it supposed to bring for you – how will it help you make your life better?

But first, I would like to offer some perspective on Unovest.

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Tata Mutual Fund NFO – Should you buy or not?

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tata mutual fund nfo

As you know, a few weeks ago, I announced the launch of Unovest – a mutual fund direct plan investing platform.

Unovest will also be the place where you can find specific information and insights into mutual fund investments.

Everything that can help you build wealth using mutual funds as a tool will be available on Unovest.

Today I am sharing with you an article from the Unovest Blog.

Should you be investing in the Tata Mutual Fund’s New Fund Offer – Own a piece of India?

Welcome to the (financial) jungle!

Tata Mutual Fund (Tata MF) has recently announced its New Fund Offer (NFO) of “Own a Piece of India”.

Let’s dissect this Tata Mutual Fund NFO and see if it deserves your money.

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Direct Plans of Mutual Funds – Big Deal?

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Direct plan investing in mutual funds

Since Jan 1, 2013, all mutual fund schemes now come in 2 variants – a regular plan and a direct plan. You may ask what is the difference?

A regular plan is one, which you invest in through a mutual fund distributor and for which a distributor earns a commission. The distributor could be your friendly neighbourhood one or an online distributor like FundsIndia, Scripbox, ICICI Direct, etc. Even your banks – HDFC Bank, ICICI Bank or Axis Bank are all distributors. With all them, you can invest in regular plans only.

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Announcing “Unovest”

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Unovest

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?

  1. Your regular distributors, including the online ones, do not offer direct plans. That is not their business model. This is thus not an option.
  2. 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.
  3. 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.

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