Needed your suggestions for my mutual fund SIP setup
i want to start an sip in mfs using soa format.
As I have read that starting an sip using any brokers force you to opt in for demat format which further creates a dependence on their software and also creates a lot of problems to convert into STP/SWP
i want the flexibility in future to convert them into STP/SWP.
I dont want to depend on any broker for buying or selling my units.
I want that i can directly pay for the units on my installment date directly via my bank account without having it to deposite at any broker wallet or anything like that.
As i dont want any technical issues/glitches not executing my order.
even while selling, i want that the transaction complete as soon as possible.
I want RELIABILITY.
i want tracking features like xirr, value, etc.
I want good UI with rich features.
i did some research and came out with this solution:
Use MFCentral for buying and selling units and then use Kuvera or INDmoney for tracking my investments.
Wanted your reviews and suggestions over this setup.