How To Invest In Mutual Funds Online:- Here in this article, I’m explained how to invest in Mutual Funds online and how to join one of the best free direct Mutual Fund investment platforms.
By using this platform you can invest in direct mutual funds schemes.
This helps you to generate a 1% to 2% additional return than regular mutual fund schemes.
If you want to know which is the platform, I suggested for you keep continue the reading.
Free Direct Mutual Funds Investment Platform
In the market, there are lots of platforms available in the market to invest in a direct mutual fund.
But most of the platform is paid.
And some of the free platforms do not allow you to invest in all mutual funds.
After doing comprehensive research I found a free platform.
Which allows you to invest in around 37 AMCs.
As per my personal research Groww is the best platform to invest in direct mutual funds.
Groww comes with a simple and user-friendly interface.
This platform is very clean and easy to use.
In the above video, I have explained how you can join this platform.
Advantage Of This Platform
One of the best advantages of Groww is it’s available on the desktop, Android App and iOS App.
You can open a website on a desktop.
As well as you can download the app from the Android Play Store iOS store.
In this platform, you can also see the annual returns of mutual funds.
The 2nd advantage of Groww, You can pay directly to BSE (Bombay Stock Exchange).
There is no mediator between you and your AMC’s.
Here your payment will directly transfer to BSE.
The 3rd advantage of this platform is it helps you with the selection of best mutual funds.
Apart from this, you can also ask questions related to mutual funds on their forum.
What Is Difference Between Direct And Regular Mutual Funds?
The main difference between the direct and regular mutual funds is the expense ratio.
The expense ration of regular mutual funds is higher than direct funds.
In the case of a regular mutual fund, your order goes to the agent and the agent will execute your order to the stock exchange.
And in the case of a direct mutual fund, your order directly goes to the stock exchange.
Thr\erefore the expense ration of the direct mutual funds is lower than regular mutual funds.
You can earn approximately a 1% higher return in the direct mutual fund.
As in the above image you can see how much more return you will get if you invest in direct mutual funds.
Direct Mutual fund is better than a regular mutual fund.
I hope now you understand How To Invest In Mutual Funds Online and which is the best platform to invest in direct mutual funds. If anyone has any queries or suggestions regarding this platform please ask in the comment section.Gashik