You are looking to best online investment in a mutual fund so that you are on this page so before identifying online mutual fund investment platform you need to understand the direct & regular investment fund.
So first need to understand what is direct fund; direct fund means there will be no middlemen so the direct fund will cost save up to 1% to 1.5% commission that you pay middlemen for their services.
In the regular fund, middlemen get involve whether they may be online or Offline Company, individual, banks, brokers, Investment Company. Some of the online company provide direct investment also so you need to check before invest in any mutual fund.
We always not suggest to investors to go direct investment because direct investment requires a broad level of understanding in Mutual fund.
Some of the mutual fund offering AMC – Axis Mutual Fund, Birla sun life mutual fund, BNP Paribas Mutual Fund, DHFL, HDFC, DSP Black Rock, Edelweiss, ICICI, IDBI Mutual Fund, IDFC Mutual Fund, IIFL Mutual Fund, Indiabulls Mutual Fund, Kotak Mutual Fund, Mahindra Mutual Fund, TATA Mutual Fund,
Before letting you know the online platform want to aware with pros & cons.
No Extra Cost for Investor
Consolidated view of all holding at one place
No extra cost for Invest
After initial transaction, all subsequent transactions can be done online transactions can be done online
Access-in-house research to aid decision making
Single login: Consolidated view of holdings, Access-in-house research
Initial investment require physical delivery of documents
May involve transaction cost, demat charges, and other incidental charges
If your bank does not have net banking you can’t connect with it
Need separate PIN & Password for different AMC
Choice will be limited
So some of the best online mutual fund platform
Goalwise is the Banlgore based online mutual fund platform provider. Goalwise best things are the target wise investment means what purpose you want to invest in the Mutual Fund, First decide the goal then start investing according to the investment plan. Goalwise offers easy personalized investment plan. facilities provided are fund switching, recommendation, maintain Asset Allocation, goal based investment, Sperate portfolio for each goal, Automatic move from equity to debt, future strategy. So this is the best platform for the mutual fund investment.
scripbox offer very transparently and every thing is simplified manner can be understood through Innovative Platform they offer to clients. In Scripbox you can easily switch your investment along with best investment guide.
Fundsindia along with the Mutual Fund, Equities, Super Saving Account, SIP with Insurance, Corporate FD. Those who are looking more than mutual fund they can choose fundsindia. Fundsindia is the one stop place for build wealth. FundsIndia provides more than 45 AMC products on their Platform.
Groww offers you find right portfolio for your needs, personalized assistance to achieve your goal, awesome customer support with out complicating & misuse your unawareness. the young team in the industry offering good services in Industry . groww also one another platform for the investment as like others who are looking for more option can go with the groww.
Customer who already associated with bank bazaar can also purchase mutual fund from there because bank bazaar offers different kind of banking services online on one platform. like, loans, card, insurance, investment. The First time buyer of financial services can go on bankbazaar because it offers range of products which you can have it in future.