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Web Event: Should You Buy An ELSS Through A Direct Plan?
VIDEO
Date: 04-04-2017 Many experts recommend buying mutual funds including equity linked savings scheme (ELSS) through direct plans. How do you gain from them? How do you figure out whether direct plans are for you? A low down. Highlights 1:11 When you buy ELSS through a Direct Plan you are buying it directly from the fund house 1:17 No intermediaries like agents are involved 1:48 You save on costs associated with their compensation to advisors 1:58 This extra money gets invested 2:18 Direct Plans do end up helping you save more 2:26 Difference becomes more longer your investment period 2:43 Assuming that these expenses were of 25 basis points 3:06 If your ELSS provides 12% annually 3:09 You invest Rs 1,000 per month through a systematic investment plan 3:18 A Direct Plan will help you save Rs 2,35,126 3:23 You save Rs 2,32,339 through the regular route 3:31 You are saving more through the Direct Plan 3:42 If you are going to be invest investing across funds and categories, you will save even more with direct plans 3:58 Is ELSS investing through Direct Plan meant for everybody? 4:02 You shouldn’t opt for Direct Plans if you are new to mutual fund investments 4:13 You will need the guidance and handholding from advisors 4:23 This will also be true even if you know about mutual funds but not about mutual fund investing 4:29 Get a credible financial advisor or financial planner to help you out, possibly through reference 5:16 We recommend Direct Plans for people who have been investing in mutual funds 5:29 With Direct Plan you will need to do your own homework on which ELSS to buy 5:35 You will need to compare performances with benchmarks and other peer funds 6:16 If you have a great advisor, you might want to weigh that and stick to the advisor 6:45 ELSS through Direct Plans is a great idea provided you have been investing in mutual funds 7:06 You can do SIPs through Direct Plans Additional information How To Invest In A Direct Plan For Buying ELSS 1. Go to the fund website of the scheme you have selected 2. Fill up your personal and bank details 3. Choose the scheme 4. Select "Direct Plan" 5. Make the payment Your investment is done after these five steps SHARE
