FundsIndia in the News

When MF agents desert you, go the online way

With margins having shrunk for mutual fund distributors, a lot of independent financial advisors (IFAs) who used to service small investors have given up their business or are changing their business model. This, coupled with the advantages of investing online, is making a lot of investors change their way of buying mutual funds.

"In the new environment, it has become difficult for distributors to service investors offline, and with investors finding it difficult to manage paper work, investing online is the way forward," says Aseem Dhru, MD and CEO, HDFC Securities.

Let us take a look at the advantages of going paperless and the process to convert your existing units into the online mode.