What Ho! Ah! To live with a What Ho on my lips and a Gentleman's Gentleman… {sigh}… Such is life…

Quantum Mutual Fund – 6 More Banks Added to Invest Online

Quantum Mutual Funds has added 6 more banks to it's Invest Online module. Quantum is the first Indian Mutual Fund house to offer it's funds completely online. When it launched it's funds it refused to go the broker way and refused to pay any commisions. Even before the SEBI rulling that investors transacting directly with the AMC should not be charged any entry load, Quantum has been offering it's investors the same facility. It has remained small in size because the financial advisers don't tell their clients about it.

The newly added banks are:

1. Corporation Bank
2. Oriental Bank of Commerce
3. Vijaya Bank
4. Bank Of Rajasthan
5. South Indian Bank
6. YES Bank

Reliance Mutual Fund Web Site Down

The Reliance Mutual Fund web site is down. The last time I checked, on June 5, 2008, I could not get in and today again I received gateway timeout (server unreachable).

On further investigation I found that there are two domains for Reliance Mutual Funds:

1. www.reliancemf.com
2. www.reliancemutual.com

When I discovered the reliancemf.com web site address I opened it in my regular browser, FireFox and to my surprise it opened up without any problems. I immediately tried the other site (reliancemutual.com) in FireFox and it too opened properly. I went ahead and entered the online transactions section (still using FireFox) and was relieved to see that everything worked just fine. I was able to complete my transactions before the 3.00 p.m. cutoff time.

The online transactions page that appears when you click "Online Transactions" after logging in was a bit garbled in FireFox. I do remember that it renders properly in IE7. The idiots in the Reliance Mutual Fund IT department have programmed their web pages for IE. Typical. Idiots!

Reliance Mutual Fund Online Transactions page in FireFox. (Click for full size image)

Use FireFox!

Sundaram BNP Paribas Mutual Fund – Online Transactions Update

I 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 available yet but unfortunately it still isn't. They have not updated the page yet.

Sundaram web site screen shot (Click for full size image)

Get a move on Sundaram! As per the SEBI rules investors investing directly with the AMC can avail the No Load option. At this time the only way to do this is to go the paper based purchase requition way. And the filled in form has to be submitted to the neartest CAMS or Sundaram office. Plus one has to sign a cheque. Very painful.

Sundaram has some good funds and I am invested in them for the last 3+ years. I wish they would get their act together and give us online transaction facilities asap. ICICI, HDFC, Reliance, Quantum, SBI and others already offer such facilities and it is a painless way to invest.