Mutual fund companies do not require investors to use a dematerialization (DEMAT) account to buy mutual funds. A DEMAT account allows investors to electronically purchase and redeem securities, mutual funds, and other investments.
Why You Should Avoid Having A Demat Account For MF Investment?
There is a yearly cost associated with the maintenance of the demat account, which adds up for a long-term investor.
There is an upfront commission of 1% to 1.5% on funds that one buys through a demat account as it only allows you to invest in regular mutual fund schemes.
There is a trail commission of up to 1.5% on the funds you hold in a demat account. This is charged every year for the entire duration of your investment. It adds up to lakhs of rupees in the long run, depending on the amount and duration of the investment.
You can add only one nominee to your demat account. If you want to distribute your holding midst various family members, you cannot do it with the help of a demat account.
Mutual fund companies do not require investors to use a dematerialization (DEMAT) account to buy mutual funds.
A DEMAT account allows investors to electronically purchase and redeem securities, mutual funds, and other investments.
Instead of using a DEMAT account, investors can choose to buy or redeem mutual funds directly from the mutual fund company.
Instead of Demat use MFU ( Mutual Fund Utility ) for all Online transaction.
DEMAT accounts offer investors several advantages, including increased security of financial transactions, increased speed in processing trades, and the elimination of unnecessary paperwork.
One can buy and sell any mutual fund scheme directly through an asset management company (AMC), a bank, personal financial advisor, or various third-party portals. The only things mandatory for MF investment are:
Bank account (preferably with online banking facility, but not required)
KYC compliance
As mentioned above, a demat account is not necessary for a mutual fund investment, yet some people like to use it to manage all their investments from one place. Normally, people use the same demat account for their mutual fund investments that they have been using for investing in dematerialised equity shares.
Other Ways To Invest In Mutual Funds
Demat account is not the only way to invest in mutual funds. You can do it via your bank, a personal advisor, or through a third-party online portal like www.agindiaonline.com. You can use any of the following channels to invest your money in a mutual fund scheme.
Bank
You can walk into your local bank and meet your relationship manager to begin mutual fund investment including SIP.
Through CAMS
You can also visit a local CAMS office to start your mutual fund investment. Alternatively, you can visit myCAMS website or download myCAMS app to begin investing in various mutual fund schemes – both in direct and regular options.
Offline Through AMC’s Branch Office
In many cities, major fund houses have their branch offices. You can visit an AMC’s branch office in your locality and invest in one of its schemes. You will need to visit each AMC’s office individually should you wish to choose funds from different fund houses.
Online From AMC’s Website
Another way to invest in mutual funds is to visit each fund house’s website, register there, link the bank account with the portal, and begin investing.
For more details . You may call / whatsapp/ Msg to 9891423442 for wealth Manager Support or visit www.agindiaonline.com for instant start of SIP/Lumpsum etc.
The National Company Law Tribunal has ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust.
A two-member bench of NCLT Delhi comprising Justice R D Khare and Sumita Purkayastha allowed the plea against Aviva Life Insurance and has also appointed an interim resolution professional to run day-to-day affairs of the company.
Apeejay Trust, which had leased its Mumbai-based (Vashi) premise to Aviva Life Insurance, claimed a default of ₹27.67 lakh as an operational creditor for not receiving payments towards service tax and license fee for the premise.
According to the trust, Aviva — a JV between Dabur Invest Corp (Dabur group) and Aviva International Holding Ltd — has not paid license fee, car parking, maintenance/service charge and service tax. It had made its last payment in this regard on October 5, 2017 and from then the debt was lying due.
“Considering the circumstances this tribunal is inclined to admit this petition and initiate CIRP of the corporate debtor. Accordingly this petition is admitted,” The National Company Law Tribunal (NCLT) said.
It has also declared a moratorium under section 14 of the Insolvency and Bankruptcy Code, protecting the company from its lenders during the process.
During the proceedings, Aviva had questioned the maintainability of Appeejay Trust’s plea on the ground that it is an insurance company and thus being a financial service provider, IBC can not be applied against it.
According to it, there is an absolute bar under IBC to initiate any proceedings against insurance companies.
This was rejected by the NCLT saying “the operational creditor does not have any claim in respect of contract of insurance. The claim is with respect to the outstanding license fee and the service tax amount”.
“Hence, the corporate debtor can not use the provision of … IBC as a blanket cover to claim exclusion from IBC proceedings on the ground that it is an financial service provider,” said the NCLT in its order dated November 4, 2019.
My recommendation to all my friends to quit from AVIVA LIFE INSURANCE on priority. This is personal view, As money security is very important.
Value of Unclaimed / Physical Investment in the country is more than Rs 6,08,923 Crore
1- Stocks / Mutual Fund : Rs. 5,35,000 Crores lying in physical form 2- Unclaimed Provident Fund : Rs 43,000 Crores 3- Unclaimed Insurance : Rs 15,166 Crores 4- Unclaimed Bank Account: Rs 11,302 Crores 5- Unclaimed Corporate Dividends: Rs 3,454 Crores 6- Unclaimed Post Office accounts : Rs 1,001 Crores
If your money also under Unclaimed please don’t wait more and fill this below forms https://forms.gle/Piz7cPxi4qjPyMXp6 Our expert will contact you and help to get it retrieved.
Bringing your money back is what we do
Still holding loads of physical shares and mutual funds instead of Demat ?
Clueless on rejected applications of old investment retrieval by the company ?
Running from pillar to post for transmission due to succession, bankruptcy, insolvency, lunacy or
marriage ?
Issues relating to investment retrieval due to non-existent companies, change in names or
amalgamation, change in unit scheme, merger of mutual fund schemes ?
A case of ‘invest and forget’ and losing track of investments ?
Issues relating to retrieval of Provident Fund, Matured Insurance, inoperative bank accounts etc ?
Mutual Fund investment or Any investment without Goal Based Planning, never being success. As per survey almost 90% investment break before his maturity. So very important to create goal based planning.
In all investment, every one known that MF is good investment for Long term. as no investment will give return at par MF. But a little correction in Mkt everyone get penic and quiet from market. so whenever you are going to start investment, then think like LIC investment. Invest and continue till maturity. I assure you that you will get 100% better returns than other investment.
This is the reason why many mutual fund houses and advisors recommend goal-based investments to investors. This approach help investors choose ideal investments to achieve their financial goals. For example, if you are investing for short-term financial goals, you may opt for debt mutual funds. You should keep in mind that it is important to choose debt mutual funds based on your investment horizon and risk profile.
Similarly, if you are investing to create a retirement corpus, say, after 20 years, you should choose equity mutual funds according to your risk appetite. If you are a conservative equity investor, you should invest mostly in large cap mutual funds. Similarly, a moderate risk-taker can opt for multi cap schemes and an aggressive investor can invest in mid cap and small cap schemes.
It seems, you are new to mutual funds. If so, you should consult a mutual fund advisor before investing. New investors often need a lot of hand-holding and reassurances during the initial years of their investment lives. Only your advisor would be able to offer you personalized help.
Life Insurance is pillar of Wealth. So if you don’t have life insurance means you are creating your family more poor and poor.
So my request everyone to get proper insurance for life. Supposed you have not taken life insurance and happened any mis-happening. Then think about your family. Who is totally depend on you and your income. How will they get food, cloth, bills etc day to day expenses. In that case your wife or child may have to work for survive. In summary your family get more poor than current situation. If every family is doing the same then our country get poor and more poor. So we have to plan our family safety.
Term of Life Insurance : When you going to buy life insurance then think as different way.
I use life insurance as property creator and recommend you too take life insurance for whole life. Currently everyone is taking life insurance for certain tenure. After completing of tenure, you get money and policy end.
This is blunders. Please let me know.. when car tyre get maximum chances to puncher ?. I know your answer will be when tyre get old. So the same scenario, when is maximum chances to die, everyone will say that when become old. And at that time everyone get uninsured. So always take policy for whole life. As all insurance company focus not to sale whole life policy due to his liabilities.
I hope, I have given my thoughts in a proper way to you.
Please feel free to call or whatsapp @9891423442 or visit us www.agindiaonline.com for more
A value fund is a fund that follows a value investing strategy and seeks to invest in stocks that are deemed to be undervalued in price based on fundamental characteristics. Value investing is often compared with growth investing, which focuses on emerging companies with high growth prospects.
Normally its very high risk category funds. so be-careful before choosing these funds.
Open Free Investment Account for Lifetime at www.agindiaonline.com. Complete your Registration and KYC Process Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!.
