HOW TO INVEST IN MUTUAL FUNDS FOR FREE WITHOUT DEMAT ACCOUNT
ฝัง
- เผยแพร่เมื่อ 8 ก.พ. 2025
- #nri #nrimoneyclinic #financialplanning
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Services offered by NRI Money Clinic
Life & Critical Illness Insurance.
Child education
Emergency Funds
Retirement Plan
Health Insurance
Wealth Building
Tax planning ( investments to minimise tax impact)
Dollar investment ( Only for NRIs in Middle East and Africa )
Mutual Funds ( NRIs other than in US & Canada)
PMS ( Portfolio Management Service)
Fractional Real Estate
Cash flow planning (Pension, Guaranteed Return plan , Fractional real estate)
Tax filing and chartered accountant services. (Outsourced services)
Wills and inheritance planning. (Outsourced services)
Property record legal verification (Outsourced service)
Real Estate in Dubai (Outsourced service)
Real Estate in Mumbai and Goa (Outsourced service)
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One of the best 👌👌👌👌
So much information specially for NRI i was trying to open demat account and the Bank in my city was clueless how to open NRI demat account but now I realised it's not really needed if i only want to invest in MF
THANK YOU SIR.
Nice Informative video. Thank you Dr Sir. How to make e-KYC ready. Please help🙏
Pl compare MFU WITH PAYTM MONEY.VERY INFORMATIVE VIDEO
I'm a Resident indian. I have investments in MF thru a full service broker. Can I register in MFU and buy Direct funds? Also does it shows our portfolio of funds holding and various other reports including capital gains statement for a particular period for the tax purposes - thanks
Thanks a lot for sharing important information 👍
Good one. How we can update our KYC. Is it through bank NRE account?
Excellent Video, Sir. It is indeed a great information and tool that an NRI can by-pass DEMAT account opening and do regular transactions in the stock market. Thank you so much, Sir.
You are most welcome. Please keep sharing the videos
Very good informative video Sir
Thanks for another great Video. I read somewhere that NRIs from Canada and US can only invest in some limited Mutual Funds in India (only some fund houses allow it). Does MFUtility allow Canadian NRIs to invest in all mutual funds? How do they let this happen?
I am eagerly ask that more videos in NRI related mutual funds information
Sure
Thank you sir once again for in depth video. How is MFU different from Zerodha? They both do not charge fees. I understand MFU is a joint venture between all MF house and Zerodha is private. Also , isn’t having a demat account more secure by nature ?
Great content many thanks! Can we also do the lumpsum deposit time to time in same fund with my SIP? Does MF Utility supprt this?
How much safe to invest in mu though this portal ? what is the difference between direct purchase of MU from the particular Mu fund house or consultant and though this portal ?
Good class
Thank you so much . Please subscribe and keep sharing the videos
How to submit the application and documents for KYC?
Hello sir, Thank you for the explanation of the MFU.
How can I get ARN while I am not an investor? Kindly reply
Is this Mf utility portal better than NSE nmf?
Sir,I request you to please come up with a video about the financial planning for the Indian seafarers who are at sea for more than 6 months to fulfill the NRI status.
Also,please note that the seafarers don't have any resident address abroad and therefore they reside in India itself once they are back from sailing.
Thanks in advance.
Thanks for your feedback and suggestions . Will do a video on it at an appropriate time. Please subscribe and keep sharing the videos
Please do it sir it will be very helpful for our seafarers community
Great Sir, Thanks a lot!
Hi sir how start sip in mfu please update video thanks
Does it provide consolidated statements for tax filing
have ekyc from bank or ekyc on MFU?
Thanks you for this informative video. I have a question with regards to mutual funds nomination. Can we have a child born outside India and having a foreign passport be a nominee for a mutual fund ?thank you
I am in USA in H1B. I do not have NRE account.
Can I give my india savings account?
Do I need to mention that I am not in India and being taxed in USA?
Sir, can this be used in case we have created SIPs with individual fund houses?
Yes,, you can
Can we convert a regular type MF (purchased from dstributor) to direct type?
But to invest in Mutual Funds, you do not need a Demat account, right? You need a Demat account only if you want to buy stocks.
That is correct
Thank you so much . It is very nice to buy mutual funds in India. But, can USA based NRIs use this to buy funds from any fund house ?
Unfortunately No. For persons in USA and Canada, it is not possible to buy mutual funds in India
@@NRIMoneyClinicwhy?what are resons behind?
Sir - What could be the difference in benefits for investor opening mutual fund SIP through Bank - YES Bank for example vs MF Utility ? Thanks in advance.
Through MF utilities can invest in Direct MF? Please advise.
Thank you
MFutility can automatically debit money from bank account? In coins we have to provide eMandate and then money added to zerodha account. Big process in coins but user friendly to see profits, generate reports..
Hi, it’s asking for ARN and EUIN code details while trying to purchase, what details we need to give and why we need to give these details?
If you want to invest through a distributor, you need to feed these details . Your distributor will give you this information.
If you want to invest through us, then you can mention ARN 47075 AND EUIN 052770.
@@NRIMoneyClinic seems I can use direct option, Thanks for the details anyway 🤝🤝
But I came to know about MFU only after watching your video , thanks a lot for this
Name of the channel suggests NRI money clinic...but most of your videos are for Resident Indians. can you please make separate videos for NRI's. Thanks
The channel is for both NRIs and resident Indians. There are lot of videos meant for NRIs alone like taxation , NRI Dilemma, NRI banking , Returning NRIs etc. Please look for these channels in content or look out for relevant playlist on this channel. Regards
Thank you Sir.
Is it possible to have a chat with you? Best Regards
You can send queries on 00971 50 1484595 through WhatsApp
There is no one supporting US NRI to invest in indian mutual funds. There are some 3rd party people but they are only allowing Regular funds not Direct MF.
Regular funds expense ratio is crazy.
Does anyone know how to invest in direct mutual funds being an NRI? Please share. Thank you!
Thank you very much.
Can an NRI give KYC details online before start investing in mutual fund?
How can i transfer my DSP existing folio to MFU CAN account?
Does an account in MF utility same as a demat/trading account?
Kindly let me know
Which is best sir:
mf utility vs mycams ?
How can a UAE resident invest in international mutual funds directly? ( other than through an intermediary). Can you make a video this?
You can invest through international wealth platforms .. There is no concept of direct investment with mutual fund house like in India to best of my knowledge
I have regular account in india , i am in UK from 2 years .might stay for another 5 to 6 years .if i have to open account in mF utility ...can i open with regular account or first i need to open nre account ?..please advice sir
I have recently come across your vidoes while searching for an income tax impact on property sale for NRI information. I am a big fan of many of your videos.Thanks for that.. This video is also information. However, I want to ask you that there are some restrictions for US and CANADA NRIs for buying Mutual FUnds. Havent seen any of your vidoes regarding that. Can you please thro some light on that too.. Many thanks, and best wishes for your videos..
Sir very informative video . If I use MFU can i buy direct plans or I can only buy regular ones?
Both. But if I you use distributor services , you can buy regular plans. Also watch my earlier video WHY SHOULD YOU APPOINT A FINANCIAL PLANNER?
Sir, can you please explain working of NRO Non-PIS Demat account
Dear Sir
All your video's are Very informative. I like your all messages. Good. Keep it up. I am forwarding your videos to my friends.
Thank you very much for your kind words.. keep sharing
Thanks boss.
Can I invest in Index mutual funds via MFU? I am in GCC now.
Yes .. offcourse you can
Well explained - Thank you so much!
Glad it was helpful!
Can NRI also use this website for investing in stock market?
No . Please subscribe and keep sharing the videos
Sir, I have already invested in ULIP Mutual Funds via ICICI Prudential, but i see some posting reponse from you saying, that US Citizens with NRI status cannot invent in Mutual Funds ?. i am hoping to invest the insurance ULIP MF proceeds into a lumpsum mutual fund investment. I have a OCI card with me. please advice.
You can invest in Ulips . They are like mutual funds , but not mutual funds
Thanks a lot it gave me a lot of info.
You are most welcome. Please subscribe and keep sharing the videos
@@NRIMoneyClinic Could you explain about the need of PINSor PIS Portfolio investment account and linking it with NRE or NRO account.
I will do a separate video on this subject very soon
Thank u somuch sir
Can you convert a resident mutual fund account on this portal to nri account ?
Is this still applicable for Nris from US/Canada
How can I what’s app for help
Send WhatsApp message on our centralised Dubai number 00971 50 1484595
How do i do ekyc for NRI - NRe a/c
Very well explained sir..
Thank you for your kind words.. please subscribe and keep sharing these videos
Which will be a good way to purchase any mutual fund ? Direct or though agent or adviser ? what are the advantages and disadvantages in such methods ?
Between direct funds and regular funds a cost difference of 0.5 to 0.6%exists . This is the fee which gets paid to consultants/ distributors. If you think an advisor adds value to you ,use his services . You can always buy direct if you are confident. When you go direct, please be prepared to add expenses of mistakes you commit to the savings you make by going direct. Please note : Finance industry is highly advice based where everyone needs to be advised which includes your advisors too.
Good video Sir,
I have one question that in purchase details you didn’t mention how a much amount I should select like 10k SIP or 5K SIP…will Mutual Fund company come up with that option through email?
i Have one more Question
Does it is Mandatory to have NRI account if a Indian citizen working abroad?
and what if NRI account not opened in india and came back to INdia after 2 years of working in abroad ,
how to utilize savings? in INDIA
You need not have NRI account . But you must have NRO account . Inform your bank to convert local SB account to NRO account.
For specific answers send query on my WhatsAppnumber +971 50 1484595 .
NRI Money Clinic
Thanks for the answer but if the person already in India came back form abroad is it necessary to cahnge SB account to NRO account?
No need to change if you have no intention to go back . If you are a NRI and will resume work , then convert it NRO
NRI Money Clinic Thaks for your answer
I really appreciate!!!!!!
Please subscribe to the channel and share it with your friends.
But how a NRI can open an account?
Because you have shown a resident Indian during the demonstration.
Thanks
Instead of using the Resident account , you can use the NRE/NRO account . All the rest of the formalities will remain same
Hi Sir,I saw in an article, that if ekyc is done , then NRIs can only invest 50 K per annum. Is it true or , still can increase the value of investment.
No limits what so ever
@@NRIMoneyClinic : Thank you 🙏
can i buy DIRECT PLAN mutual funds via an NRE account through MF Utilities ? thanks
Yes , you can
Sir can nri purchase life insurance in India lic
Absolutely possible ... no restrictions
Can US NRI invest in MF?
How to change bank details in MF Utility?
Hi sir, this video is very useful. Few queries regarding this as follows.
1. Actually yesterday when i tried creating can account using mf utilities atlast for ekyc the page doesn't appears like what you have shown (few changes happens), it is redirected to aditya birla mf kyc, where it asks video kyc as well. Is that same, can i proceed further?
2. My current working company has strict policy on prohibition of demat account.
Can u please confirm creating can account with kyc doesn't involve anything related to demat?
Because my company is fine with me investing in mf, as long as not opening any demat account. Kindly advise me sir.
Glad to hearback from you sir. Thank you.
Strange to hear that a company can control what kind of account you can have, especially demat. Are you in the financial industry?
@@hottroddinn thank you.
Yes they controls, because im into investment banking process which involves live deals as well. No-one in my team is supposed to open demat account per their policy.
Do we have app for MFU ?
Can we buy NFO through MF UTILITY??
me new CAN no. open kia usme 5yr old dusra can no. bhi show ho rha he jo mere broker ne invest time kia hoga. wo old wale me mera name mo.no.hi primary holder me hai to kya me wo old can no. ka user n password new bana kar usse use kar skta hu ? uska new user id n password bana skta hu ?
Can a person residing in USA can use this feature
Sir, how we can extend our existing SIP MF?
An NRI can do this
you do not even have to go to mf utility, simply go to that particular mutual fund portal and add your details, and you are done. all the demat companies are money makers
customer service expecting to contact personally pos locations ?????? FOR NRI NOT POSSIBLE ! NO ONE WANT TO BELIEVE IN E-MAIL ?????
🇮🇳🌹🙏👍💪😁🌈💖
DO We buy DIRECT MF OR REGULAR MF via this platform???
Both
Politically connected ?!?