As a beginner, Which is the best online platform to invest in Direct Mutual funds in India? Looking for free platforms, if there are any.
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- Updated On:17-Mar-2024
- Replies:1
Short Answer
There are plenty of direct mutual funds investment platforms such as Groww, Coin by Zerodha, Kuvera, and others. However, choosing the best would entirely depend upon your requirement and preference.
Detailed Answer
Direct mutual funds are mutual fund investment opportunities where investors can invest in mutual funds without any middleman or brokerage fee. Meaning any money that goes into a mutual fund requires no additional costs. However, to do so, you need to go through a direct mutual fund investment platform.
While there are plenty of platforms offering this, we have offered you one of the best platforms to have a direct mutual fund investment plan. Check it out.
Online platform for direct mutual fund investment
1. CAMS online
The platform supports more than 12 mutual funds providers and is 100% free in what it has to offer. The overall process for setting up an account is entirely digital while having a dashboard setup of your mutual fund investment. There is a mobile application to track your investments and two-factor authentication for complete security with excellent customer support.
2. Karvy
The platform provides a web-based and mobile application-based investment experience. Through both of these platforms, tracking your direct mutual fund's investment is possible. The direct mutual fund's investment opportunities support by the platform is 19. Moreover, you can avail features such as live notifications, viewing all your investment under the dashboard, customer support on omnichannel, and more.
3. Kuvera
The platform has more than 37 mutual find service providers under its belt. Track your entire mutual fund's portfolio through its platform. It provides an easy and understandable user interface, goal planning features, family account management, and more.
4. Groww
A tech-savvy direct mutual funds platform is relatively new to the game but does the job seamlessly. Its provides explicit features at no cost and offers 17 different mutual funds to invest in. moreover, it's up to date with the application of the latest security features while incorporating UPI-oriented investment features.
5. Coin by Zerodha
Supporting well over 31 mutual funds service providers, it's quite the popular investment platform. It offers a unified field where investment in stocks, ETF's bonds, a mutual fund is possible. The broker also provides investment in direct and regular mutual funds.
Bottom line
There are plenty of direct mutual funds investment platforms in the market. Choosing anyone would suffice. However, the best can vary based on your investment desires and the features you're looking for. Try them out as they are free to see which platform suits your requirement the most.
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Discussion (0)
When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
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