Banks strut their own stuff, go slow on selling MFs of other AMCs

Banks strut their own stuff, go slow on selling MFs of other AMCs 

Several bank distributors are now only selling mutual funds floated by their own subsidiary asset management companies. Though bank distributors still claim to have an "open architecture", few are selling mutual fund products based on their performance.

According to an industry source, a PSU bank, which runs a relatively new fund management business, has completely stopped selling funds of other asset management companies. Senior management of the bank, according to the source, has asked its officials to go all out to sell funds of its subsidiary asset management company.

The whole-hearted bank support has done good for the fund house as it has managed to ramp up its asset base in a few months' time. 

(Contributed by Shailesh Menon)

http://m.economictimes.com/PDAET/articleshow/9803179.cms

15 years returns of SIP ; Importance of choosing the right Mutual Fund

The importance of choosing a RIGHT Mutual Fund

Following is the results of SIP Investment of Rs.5000 every month for 15 years in Best and worst Mutual Funds. Returns as on May 31,2010 (source : valueresearch)

BEST 

1. HDFC Equity Fund        - 120,17,370 (more then a crore. YES becoming crorepati is easy !)
2. Franklin India Bluechip   -   94,87,199
3. Magnum Multiplier         -   51,56,455

WORST 

1. Taurus Discovery       -  21,31,190
2. LIC MF Equity         -   21,83,562
3. JM Equity                 -   24,78,042

JUST the deciscion to select the right mutual fund can make you a HUGE difference in the long term.
I am sure nobody can predict and choose the Best Mutual Fund but they can definately select a good reliable fund based on its historical performance and increase your chances of selecting winner who will definately be amongst the top few Mutual Funds.

Source : http://www.mfexpert.com/2010/07/15-years-returns-of-sip-importance-of.html

source : 

Various forms

Forms


Sundaram  - http://www.sundarammutual.com/uploaddir/application_form_equity/application_form_equity.pdf
Birla Sunlife - http://mutualfund.birlasunlife.com/LinkClick.aspx?fileticket=%2bnrqVWTKu8E%3d&tabid=116

Relianace MF - http://www.reliancemutual.com/Downloads/Application-Forms.aspx

ICICI PRU MF - http://www.icicipruamc.com/Downloads/ApplicationForm.aspx#

DSP BLACK ROCK MF http://www.dspblackrock.com/downloads/downloads.asp#

IDFC MF   http://www.idfcmf.com/downloads/Kim/COMMON-KIM-FORM.pdf

UTI MF http://www.utimf.com/Funds/FundDocuments/UTI-Common-Equity-Form-1.pdf

HDFC MF http://www.hdfcfund.com/Downloads/ApplicationForm.aspx?ReportId=CF5CD6D4-A526-4503-B0C0-74D3EF9CA779#

F TEMPLETON MF http://www.franklintempletonindia.com/pdf/forms/Equity%20KIM_web_A4.pdf

TATA MF  http://www.tatamutualfund.com/

PRINCIPAL MF https://www.principalindia.com/General/MediaContactTest.aspx

Passport form: https://passport.gov.in/pms/OnlineRegistration.jsp

MUTUAL FUND STATEMENTS - PHONE UMBERS

FOR STATEMENT AND OTHERS

BIRLA SUN LIFE MF .............................................66 212 000 / 1800-270-7000/1800-22-7000/

                                                                                  022 669 177 77(MTNL/BSNL)

SBI MF..............................................2288 2342 ( Somshukla), 9903 80 74 19,18004255425 

SUNDARAM BNP PARIBAS .......................................2281 6707

RELIANCE MF ...............................2289 2930-2 /Payal - 9330 83 12 16 / 9331 29 24 92 (Sirshendu)

                                                                               1800- 300-11111 (toll free)


## Now Balance inquiry & latest NAV is just an SMS away!!!


If the mobile # is registered in only one folio then.
For Balance inquiry: SMS balance to 09664001111
For Latest NAV: SMS mynav to 09664001111 

If the same mobile # is registered in multiple folios then.
For Balance inquiry : SMS balance <space> <Last 6 digits of the folio Number> to 09664001111 
For Latest NAV: SMS mynav <Last 6 digits of the folio Number> to 09664001111

BAJAJ ALLIANZ LIC ........................................9903 03 46 03 (ABHISHEK)

SBI LIFE.............................................................  9831-57 08 01 (Tushar)

RR ............................................ ...........................9339 23 49 00 (Rajen)

RR ........................................... 9432 30 92 48 (Saibal)

RR ............................................ 2287 4828 / 2281 0733

REGISTRARS AND TRASNFER AGENTS

KARVY 1800-425-8282

CAMS 1800-200-2267 (Toll Free anywhere in India) to access National Call Center for any Account related information or more complex calls. Call Centres work from 7am to 10pm Monday - Friday and 7am - 1pm Saturday.