Sundaram BNP Paribas Mutual has put up a new web page for online transactions. In it they promise to provide a Direct Payment Gateway for online Mutual Fund Purchases, thereby enabling investors to avail the new No Load option given to direct purchases from the AMC.
A welcome move! I look forward to using the service when it is available.
Till then you will have to put in a hardcopy request the traditional way to avail the No Load option. This means filling out the form, signing a cheque and driving down to the nearest Sundaram or CAMS office.
For Hyderabad the Sundaram office is at:
V V Vintage Boulevard
F.No.203, 2nd Floor,
Raj Bhavan Road,
Somajiguda,
Hyderabad 500082
Ph: 040-23393669/23390815/23397600
Fax: 040 23390815
And the CAMS office at:
102, First Floor
Jade Arcade
Paradise circle
Secunderabad – 500 003
1901-425-2267
040-3918 2471, 73
Fax : 040-3918 2472
Do remember that CAMS is open only till 1.00 p.m. on Saturdays. I think they open for business at 10.00 am.
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[...] had written on Feb 26, 2008 that Sundaram BNP Paribas Mutual Fund has posted a page on online transactions on their web site. I check again today to see if their promised online transactions facility is [...]
Sundaram BNP Paribas mutual are lazy. The above information regarding direct online investment facility was published in Feb 08. Please look at http://www.sundarambnpparibas.in/investonline/investonline.htm There is no mention of online investment in near future. I have emailed them that they are still doing it and in testing stage. lets see when they become online
it was shocked to see that there was no option of using online in sundaram bnp mutual fund site,i need to login from cams
plz tell me how i can take online purchase & redemption facilty of PSU OPPERTIUNITY SCHEME.
DETAILS ARE AS BELOW:
NAME : SHARIF HUSSAIN
MOB;9823289996
I have pin number.I have no credit card.So how will I able to transact investment through on-line? please give instructions by my email. Can I submit my KYC form through on-line? and how?
Hello Mary,
To purchase Mutual Funds online you need a bank account and Internet Banking features. If you don’t have Internet Banking then you can download the forms, fill them up and give a ECS mandate to your bank to directly debit the SIP amount from your account every month.
Regarding KYC – you can get the relevant forms online but you will have to print them, fill them out and take them along with the required documentation to the nearest POS center yourself. Ask your broker for details.
Regards,
Gautam
which banks are authorized for the payment through internet banking?
#shareef
Quite a lot of banks – ICICI, Axis, SBi etc. Please check the web site of the Mutual Fund AMC in question.
Regards,
Gautam
I thought I’d have to read a book for a discroevy like this!