Can any one provide the mailing address of CAMS in Mumbai?

If you invest directly thru bank branch or online, you dont get entry load

CAMS addresses are here
http://www.amfiindia.com/pu-showarn.asp?admin=yn

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I'm looking into getting an online broker, but I want to be able to buy stock in IPO's when they first hit the market as well as a few No-Load mutual funds? Although I'm open to others, so far I've given serious consideration to:

1) Zecco.com
2) Scottrade
3) E*Trade
4) TD Ameritrade
5) Fidelity

I'll probably start the account with $2,500 and add $500 a month. I'm looking at putting most of my $ into Mutual Funds but I want the IPO option at least available. I don't want to waste money on an outfit that charges $20+ per trade, as that'll eat up a significant portion of my capital.

I'd appreciate any recomendations, thoughts or past experiences, both good and bad you'd like to share.

thankyou

I've been a Fidelity customer for 20 years and would recommend them. I've never had any problems, stock trades are executed quickly, and they have a large selection of no-load funds, including funds from other companies.

You probably won't be able to subscribe to IPOs with a small account. Many are oversubscribed, so brokerages hold the shares for their best customers (large balances and frequent traders). That's probably just as well. Many IPOs go down after they start trading, so you can often buy the shares cheaper a couple of months later. Check with the brokers that you are considering for their exact requirements.

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Is it true that if I only buy/trade no commission no load mutual funds, using a Fidelity account will be free? I like their research functionalities. What other service fees should I watch out for? or if there's any other online broker that's better for mutual funds? Thanks.

You're partially right. If you have a fidelity account and you buy funds that fidelity doesn't charge a fee for, and the fund is also no load, there is no fee at all.

However, when you look at mutual funds, they all have 12-b1 fees which can range up to 2 % annually, so look at their statements. Some have backend fees, too.

Vanguard traditionally has the lowest 12b1 fees in the industry, and you can open an account there for free too (as long as you meet the minimum requirements of an account).

Many funds also have fees if you take the proceeds out before 90 or 180 days, because the day traders in the mutual funds were killing them – so see how long you have to keep the investment in. The biggest problem with that is if you get a mutual fund distribution, that distributed is based on the day you get it, so if you buy $1,000 of Windsor II fund on january 1, 2006, hold it for 11 months, and then get a $100 distribution on December 1, 2006, the "penalty" for holding before the 90 day requirement is applied to the $100 distribution.

Also, look at when the distributrion dates are, and don't buy before a distribution. Almost all mutual funds do distributions, Reagan signed that in to law in 1986, but you end up paying taxes on a gain that you don't really have, becuase you just end up with more shares at a lower price.

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I have a 401K to roll over and, a guy I know at Edward Jones
says I should roll it to an IRA and put my 13k in front load mutual fund. I believe he called it "A" shares. The fee is 5% and he claims this is best cause you pay once then just a small maintence fee. Told me "B" shares have a much higher expense every quarter. Also told me the "A" shares will perform better and make my 5% back pretty fast. This is my first 401k and I need any good advice I can get.

The Edward Jones guy is correct in telling you the "A" shares are a better deal than the "B" shares. BUT, the "B" shares are so bad, the SEC told mutual fund companies to stop ripping off investors or they would make it a law to stop the B type shares. Many mutual funds have stopped selling them, some have not.
The Edward Jones guy is bad for what he didn't tell you. A good no load, low cost mutual fund is an even better deal than the "A" shares he told you about. You don't need this guy to charge you a load, and then every year a 12b-1 fee in addition to the "small" maintence fee.
A good no load fund will not have a 12b-1 fee, and will have a smaller maintence fee.
Go to www.vanguard.com or www.troweprice.com and check on their Target Retirement Funds.
Back in 2004, Edward Jones received $300 million in kickbacks from 7 mutual fund companies to sell their funds as "Preferred" funds to customers. The customers thought they were getting objective advice and the best funds for them (the customers). Jones settled with the SEC by paying a fine of only $75 million. In Jone's case, crime does pay.

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I want to invest in some good mutual funds but have little clue which companies offer some of the best plans, flexibility or "no-load" mutual funds.

Vanguard, American Century, Fidelity, T. Rowe Price are all fund companies I've either had good experience with personally or have heard good things about.

For someone new to investing and looking for the kinds of returns generated by stocks, a good fund to start with is probably one based on an index like the S&P 500 or Russell 2000. Those are not without risk, but because they include a large number of stocks from a variety of industries, there's not as much risk from one company or one industry going bad.

Of course, you can also invest in bond mutual funds which will have less risk, but also in the long run will have lower returns.

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