@sunilsurana

• All Mutual funds have option of buying directly. You have to visit respective mutual fund website
• for investing more than Rs 50 K you need to have complied with KYC ( Know your customer ). It's one time process. Since you are already investing in stocks, you might be having PAN.
• Valueresearchonline and Morningstar.in worth visiting to understand about MF

Hi,

I know this forum is dedicated for discussing companies but please pardon me as I have always invested in stocks and have no experience with mutual fund. I am planning to give some allocation to MF hence need help. I do not want to go thru broker and want to invest directly. Can someone please help me with below queries

1. What is procedure to opt for mutual fund directly. Can I do it online or customer care?
2. I have no idea at all of any mutual fund. What is the procedure for selecting any fund?
3. Which are good funds which I should start with IDFC, ICICI, HDFC, Birla?

Now its price increase even though mkt is down about 16% from high and this counter is gaining what is the reason behind the sin ?

In manappuram current AR, they have explained in detail how with use of new technology they are gonna reduce branch size and staff with increased safety. With high security system in place (by this year end) they will save a lot on guards salary etc (Check security expence in otehr expence details). Its quite encouraging to read this year Manappuram AR and seems they are on right track to improve branch efficiency and hence might get reflected in higher RoA in this year results.

Other views invited.

I Agree with you on the seventh pay commission impact and low base (7% ) opportunity. A recent tourism sector report puts overall tourism industry growth at 10-12% for the last 10years and will continue at that pace. Due to oversupply not all hotel companies are able to show that type of growth.
Bykes aggregation business allows it to play throught all tourist destinations in India, certainly a big cushion + growth driver . Something other hotel stocks do not have.
But there is a significant threat from online players to the room aggregation business. Currently the threat is not big^ , but with improved connectivity and better user online experiences in a few years it will be a significant threat. Hope Byke has a good online strategy to combat that and consolidate its offline bookings share.
( Not big^ - Makemytrip is the leading online booking service provider in India with 40% share. But MMT forms only 5% share of the overall India hotel bookings market. So the entire online booking market is 10-12% only for now. 12% after tons of cash burning of Vc , PE money. Add to it cut throat online competition)