Which are India’s best direct mutual fund platforms? How do I compare and zero to the Best Direct Mutual Fund Platform? Well, while investing in mutual funds online recently, I’ve come across several online mutual fund platforms.
We tested these platforms with functionality, user interface and fund house coverage. Here is a review of my research on the Platform for Best Direct Mutual Funds in India.
What is Direct Mutual Funds Platforms?
Direct mutual fund platforms are websites or apps that enable investors to purchase mutual fund directly without any intermediary or broker involvement.
Because no agent or broker is involved in the purchasing of mutual funds directly from direct mutual funds, it is cost-effective. In addition to prices, these platforms provide a range of additional features and ease of operation.
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How to evaluate mutual fund platforms?
You need to consider the following factors to determine the mutual fund platforms.
- Features provided by and use of mutual fund platforms.
- Coverage of multiple fund homes on a single site.
- The user friendliness of the operating platform.
- Technical stability and quality of operation of the network.
- The reputation of the site for direct mutual funds.
- Fees applicable to the use of the mutual fund platform.
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India’s Best Direct Mutual Fund Platform
Here is a list of the 10 Best Direct Mutual Fund Platforms in India:
CAMS Online/My Cams is one of the best direct mutual fund investment sites. I’ve been using this site for the last three years. My Cams is a 100% free website.
It funds 14 providers of mutual fund services. You can get a dashboard view of the holding of mutual funds and the allocation of assets when logging into this platform.
Key features of the CAMS Online Direct Mutual Fund Platform are given below:
- A fully digital SIP setup process.
- Dashboard considers mutual fund wise and asset class wise.
- Online account, capital gain and portfolio valuation statements.
- STP and SWP on-line.
- Schedule potential transaction services.
- Two-factor authentication when signing in.
- Mobile App to monitor your investment.
- 100% free platform with decent customer support services.
Karvy KFIN KART is one of the best direct mutual fund platforms in the world. You can invest, track and manage multiple mutual funds using this platform.
It will have both a web-based version and an app version. The total AMC mutual fund funded by Karvy is 19. It’s a 100% free platform like My Cams.
The main features of KFIN Kart are shown below:
- Portfolio dashboard to display several folios.
- Link family portfolio with a single click.
- NAV tracker like historic NAV tracker.
- Level of Folio and consolidated statement.
- Registration and cancelation of SIP.
- Notifications live.
- Omni channel support for the client.
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Kuvera is a free direct mutual fund investment website. You can merge and monitor your entire portfolio of mutual funds at a single location using Kuvera.
Kuvera helps you to handle your entire family’s investment with a single login. This platform is funded by 37 fund houses.
The main features of Kuvera are given below:
- The interface is clean and simple to use.
- Import facility for the current portfolio.
- Turn one click to guide funds.
- Choice for target planning.
- Management of family accounts.
- Funded by a large number of mutual fund houses.
MF Utility is one of India’s most successful investment platforms. The MF Utility is being promoted by AMFI. Investors can easily invest in a direct mutual fund scheme via this website.
The service given by MF Utility is absolutely free and paperless. MF Utility supports 39 AMC mutual funds for savings.
The main features of the MF Utility are shown below:
- Provides a consolidated view of investments around the industry centered on May.
- Single payment for various investment schemes through mutual funds.
- Industrial level stimuli, warnings, reminders, etc.
- Go to the MF App to monitor mutual funds on the move.
- Prompt customer support, please.
- 100 % free platform.
Groww is a relatively new online mutual fund investment site. Groww says that the app uses the latest technologies. Groww is known for its simplicity and clarity.
The Groww features are given below:
- Easily compare the mutual fund scheme.
- Nil charge and no transaction fees.
- Dashboard to monitor all of your investments.
- The new security standard to protect your data.
- Sponsored 17 separate mutual fund houses.
- Investment based UPI with a single click.
Coin by Zerodha is one of the most common direct mutual fund investment platforms. You can invest in both regular and direct funds using this platform.
It provides a unified view of all direct mutual funds, ETFs, bonds and stocks. It’s 100% open, easy-to-use platform. It supports 31 AMC mutual funds for investment.
- You can build, pause and change your SIP at any time.
- Instantly fund your SIP through UPI payments.
- Unified view of the portfolio.
- Supporting Zerodha channels such as Kite, Console and more.
- Check facility to acquire 31 direct mutual funds.
- Statement of single capital gain.
ET Money App is a single app for controlling all your savings, including direct mutual funds. Free portfolio search by ET Money expert and regular portfolio performance updates are plus ET Money points.
The advantages and main features of ET Money are shown below:
- Automate investment with a smart solution.
- Get a free Health Portfolio Report.
- Dashboard to monitor all your investment in the external mutual fund.
- Invest through a web-based platform as well as an app.
- Absolutely paperless.
Paytm has also launched an investment platform for mutual funds called Paytm money. Paytm argues that investment through its platform is easy, clear and easily available.
Paytm money investment platform based app that offers a lot of features:
- You can invest in 40 leading AMC mutual funds through this platform.
- It offers UPI, Net Banking and Auto Pay options.
- Real-time portfolio insights and statements.
- Import your current investment in the mutual fund.
- Choice of instant fund redemption.
- Compare the returns of direct mutual funds with other alternatives.
- Verification of KYC in 30 minutes.
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Mobikwik is a little new to the list of direct mutual fund platforms. This is a fully free mutual fund investment website. You can invest in 36 different fund houses on the mobikwik platform.
Key features of the Mobikwik Mutual Fund Platform are given below:
- Paperless approach to investment in the mutual fund.
- You will get impartial advice free of charge.
- Specific data analytics to recommend the best performance of mutual funds.
- Bank’s security ranking for investing money online.
- Smart real time update to get up-to-date information at the right time.
Goalwise claimed to be one of the best direct mutual fund investment sites. As all other platforms, this platform is also totally free and provides zero commission mutual fund investment.
You can invest, redeem or stop SIP completely online at any time using this platform.
The main features of Goalwise are shown below:
- Goal-centric approach.
- Recommended on/off track.
- Rebalancing the portfolio.
- Glide road to asset allocation.
- Customized investment opportunity.
- Extremely attentive service for the client.
Do you use the investment platform of a direct mutual fund?
Please share your experience in the comment section below.