Mutual funds are being provided by multiple AMC such as ICICI mutual fund, HDFC mutual fund, SBI mutual funds, DSP blackrock mutual funds and Aditya birla mutual funds. There are few more mutual fund providers. To invest in multiple mutual funds from multiple fund house, we have to open account in each of the fund house. To simplify the investing in multiple funds, mutual fund aggregator platform initiative has been started. We can open account in only one mutual fund aggregator platform and manage all the funds in one account. To invest in mutual funds, there is no demat account required. Only PAN card is required to invest in mutual funds.
Mutual Fund aggregator Platforms:
Mutual funds aggregator platform is one stop solution for mutual funds investment. We can open account in one of aggregator and invest in all the mutual fund from all the AMC in single account. It is easy to manage and track the mutual funds investment. Open mutual fund account made simple and easy. Here we listed top 6 mutual fund aggregators for your reference.
- PaisaBazaar : Online platform 100% free
- Kuvera : Online platform 100% free, Direct mutual funds and completely free
- Goalwise :Online platform, Direct Mutual Funds. Zero commissions. Completely FREE.
- Zerodha Coin : ₹0 fees, brokerage, or commissions
- PayTM Money : 100% free and currently offers support for 25+ AMCs, constituting more than 90% of industry AUM
- Groww : 100% free for mutual fund investment.
- ClearFunds : 100 % free mutual fund aggregator platform.
To invest in mutual funds from any AMC, just open one account in any one of the aggregator and start invest on respective mutual funds.
One account to manage all the mutual funds. Simple and easy.
Other than free platform, it offers direct mutual funds. Regular funds collects 1% commission and it would impact the return in long term. Always invest in direct mutual funds. We discussed on different between direct and regular mutual funds. Advantage of selecting direct mutual fund over regular mutual funds. Always select direct mutual funds to get better returns.
I personally use Kuvera and Groww . Both online platform are best in user interface and support. Both platform provides suggestion based on goal, Funds for tax savings and group based on different category to easily select the funds. My person opinion is Kuvera and Groww for mutual fund investment.
Best choice would be Kuvera and Groww.
I do not feel direct AMC account has any distinct advantage than mutual funds aggregator platforms. Mutual fund aggregator platforms provide option to invest in multiple fund house in simple and unified user interface. Start investing in mutual funds by Kuvera and Groww. Happy Investing…