u/JenitKothari

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.

reddit.com
u/JenitKothari — 9 days ago

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.

reddit.com
u/JenitKothari — 9 days ago

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.

reddit.com
u/JenitKothari — 9 days ago