InvestorQ : Can recommend a few platforms to invest in direct mutual funds?
manisha Kolvenkar made post

Can recommend a few platforms to invest in direct mutual funds?

Mahima Roy answered.
2 years ago
There a number of platforms and apps that will help you invest directly in the choice of your fund. In fact, most of the Asset management companies (AMCs) provide the service on their website for their in-house mutual funds. By furnishing the necessary documents required, and completing the initial KYC, you can register for the mutual fund of your choice. You can choose the plan you want and begin making your investment. This way has one major advantage: They do not charge any commission or distribution expenses thus helping you save on costs and earn more return on investment. But one major disadvantage of this option is that you will have to do your own research on which mutual fund will suit your goals and then make an informed decision. This is a very time-consuming process and if you are new to MFs, you may not be able to choose the right MF for you.

On the other hand, you can also give IIFL Securities a go. It is an integrated platform for all your investments (stocks, MFs, insurance). It provides automated personalized solutions for your investment needs using the latest technology (robo-advisory). You will also have access to research and receive ideas on your mobile regarding opportunities in the stock markets from their team of experts. Apart from this, the app allows for a registration process is that is completely online and hassle free. Another advantage of using this service is that you will have access to a myriad of mutual funds in one place. You can choose the ones that fit your financial profile the best. This will help you save a lot of time effort. The list can also be filtered according to your preferences. And in case you are unsure about the mutual funds you need to choose from, you have access to a number of advisors who will help you narrow down the list of options and select the ones that fit your financial goals.