Yesterday 6th August 2009 I wrote about Mutual Fund Fees and included sample example of ICICIDirect and how you would pay more for SIP’s of amount 1000 and 500 and guess what. I got an email from ICICIDirect saying and I quote
Thus in case of SIPs, we would now charge Rs. 30/- per transaction or 1.5% of the transaction amount, whichever is lower. This would be effective retrospectively from August 1, 2009. To read the new fee structure click here.
To elaborate a little bit, let us take a small example:
If you have a SIP of Rs. 500/-, then what you were typically paying as entry load at 2.25% was Rs. 11.25/-. Under the revised charges of 1.5%, you pay Rs. 7.50/-, which is 33.3% lower than your previous charges.
Moreover, the charges on liquid funds, would be zero.
Now this also proves one of the major benefits I mentioned in Mutual Fund Fees about world of competition and how investors can benefit from it.
My Do It Yourself Technical Analysis eBook has Transformed Hundreds of Retail Investors into Market Analyst.
If you're trying to make money from equity market, you should understand how the market works and not bet on your luck.
Technical analysis and chart pattern can revolutionize your understanding about the market and help you understand when is the right time to get into any stock and what could be your possible target for the stock.
My eBook helps you get equipped to understanding the market from practical point of view which means unlike many other technical analysis books my eBook does not explain all possible technicals and patterns that any student need to know.
In short I have explained technicals that I use when trading and investing in market.
{ 1 comment… read it below or add one }
good post really liked it….!