Best Platforms to Buy Direct Mutual Funds in India

Direct mutual funds have become a favorite among investors looking for greater returns by avoiding commissions. Unlike regular schemes, direct schemes allow you to invest directly with the fund house or through trusted websites, eschewing intermediary charges. If you are searching for where to buy direct mutual funds this article is for you.

What are Direct Mutual Funds?

Direct mutual funds are mutual fund programs that allow you to invest without going via distributors or intermediaries. Direct funds offer the same portfolio as traditional plans, but with reduced expense ratios, which result in higher long-term returns.

Where to Purchase Direct Mutual Funds?

Following are the best places to purchase direct mutual funds in India:

1. Directly From AMC Websites

Most Asset Management Companies (AMCs) such as HDFC, SBI, ICICI, and Axis enable you to purchase direct mutual funds online using their respective websites.

Advantages:

• No third-party interference

• Complete control over your investment
  

Drawbacks:

• Multiple logins in case of investing in funds from various AMCs

2. Registrar Platforms (CAMS, KFintech)

CAMS and KFintech are mutual fund registrars servicing multiple fund houses. They offer single access to several AMCs.

Advantages:

• Single platform for several AMCs

• Easy to monitor and administer investments

3. Best Platforms for Direct Mutual Funds

If you’re looking for a user-friendly and unified experience, consider these best platforms for direct mutual funds:

1. Groww

2. Kuvera

3. Paytm Money

4. ET Money

5. My Mudra Fincorp Ltd.

6. Pros

These platforms offer free access to direct plans, intuitive interfaces, and tools to track and rebalance portfolios.

How to Start: A Quick Mutual Fund Investment Guide

• Set Investment Goals – Define short-term and long-term financial goals.

• Complete KYC – An obligatory process, now done online.

• Select a Right Platform – Depending on ease of use, access to money, and facilities.

• Select Funds – Depending on risk tolerance and objectives.

• Monitor and Review – Periodically review performance to remain on course.

Conclusion

Being aware of where to buy direct mutual funds can go a long way in your investment journey. Either through AMC portals or top apps, opting for the right platform guarantees cost-efficient, transparent, and rewarding investing. Check out the options, make smart decisions, and watch your money grow.