Mutual Funds

Mutual funds are a financial vehicle made up of a supply of money collected from many investors. Then to invest in securities such as stocks, bonds, money market instruments, and other assets. The Best mutual fund platform which is offering us the option to invest online are discussed in this article.

Mutual funds are usually operated by professional money managers. Who allocates the fund’s assets and to produce capital gains for the fund’s investors. A mutual fund portfolio is structured and maintained to match the investment objectives stated by the investor.

Best mutual fund platform in India

There are many platforms available through which you can invest in mutual funds. They are charging flat monthly fees or per-transaction charges. These charges are lower than what you are paying to your broker or mutual fund advisor.

In this article, we will discuss and compare below best direct mutual funds platforms:


Nowadays all mutual fund companies are having their website through which you can invest in mutual funds.

There are 4 easy steps to invest in Mutuals funds online:

  • Go to the website
  • create your account
  • Choose the plan you wish to invest
  • pay online and that’s it. You are done!

The problem with this method is you have to create an account with each mutual fund house in which you want to invest. This is a long process and hard to manage if you want to invest in more plans of the different fund houses.

Mutual Fund Utility

In India, there is a common platform for all mutual fund houses. go to create your account, you will be assigned one common account number (CAN). Through this unique number, you can purchase mutual funds from any fund house of your wish. It is completely free of cost. It involves some amount of paperwork as you have to fill and submit the CAN form.


MyCAMS provides mutual fund investments through their platform where you can invest in mutual funds.

However, CAMS provides only services for mutual funds under 20 AMCs only. The facility is free and you can get consolidated statements online across the mutual fund schemes you may invest in these 20 fund houses.

Mutual Funds Serviced By CAMS:

  1. AIG Mutual Fund.
  2. Birla SunLife.
  3. BNP-Paribas Mutual Fund.
  4. DSP Black Rock.
  5. Fidelity(take over by L&T).
  6. HDFC Mutual Fund.
  7. HSBC Mutual Fund.
  8. ICICI-Prudential Mutual Fund.
  9. IDFC Mutual Fund.
  10. IIFL Mutual Fund.
  11. ING Mutual Fund.
  12. JP Morgan.
  13. Kotak Mahindra
  14. L&T.
  15. SBI
  16. Tata Mutua Funds.
  17. Union KBC Mutual Fund.
  18. Pinebridge Investments.
  19. PPFAS Mutual fund.
  20. Mahindra Mutual Fund


KarvyKtrack is a site that offers investment in different types of mutual funds. Using the Ktrack app of Karvy, you can buy mutual funds. It acts as an online middleman between you and mutual fund companies for keeping records and processing of different procedures. They offer services for few selected mutual fund companies only. The portfolio built through Karvy can be viewed at a single place.

Using the Karvy platform, you can buy the below AMCs direct funds. Few are mentioned below:

  1. Axis Mutual Fund
  2. Baroda Pioneer Mutual Fund
  3. BOI AXA Mutual Fund
  4. Canara Robeco Mutual Fund
  5. DHFL Pramerica Mutual Fund, etc.


It is an online site that is providing the option of investments in regular mutual funds. Wealthbucket has maintained a uniform growth track and also built as one of the chief mutual funds investing houses of Delhi. It has created a set platform for corporate fixed deposits and multiple other mutual investment plans and products.


This site helps in getting mutual funds online without any requirement to go to the company physically. Finbucket offers mutual funds to meet the investment requirement of investors. Borrowers can apply online through the Finbucket portal, upload documents digitally and get instant approvals.


Zerodha Coin is a platform that lets you buy mutual funds online, directly from asset management companies. Your mutual funds, stocks, currencies, bonds, and more, all in your Demat in one place. They are a discount broker hence the brokerage is very less as compared to traditional brokers. They charge a fee of Rs.300 for a year.


This is another portal that offers direct plans of mutual funds. They only deal with direct plans of mutual funds. They charge Rs. 999/- flat for 1 year. Purchase can be done via net banking or autopay. They offer a wide range of funds from 36 AMCs.

Like other Robo advisories, clear funds identify funds that are delivering consistent returns across economic cycles and market conditions. They do data crunching and suggest best plans based on the 2-year returns on equity plans with minimum volatility. The same exercise will be done every fortnight.

What you should look in for Best Mutual Fund Platform

Identify your goals and time horizon before choosing a Mutual Fund Platform

Financial planning is a unique thing and differs from person to person. Every individual has different needs and situations. Most of these platforms are based on the automated system which provides you suggestions based on the inputs you are giving to it.

Sometimes the online portals are not equipped to handle the needs of an individual and the person doesn’t have complete knowledge and blindly trust the suggestions given by these platforms. So deciding on the proper platform requires a little work.

Take your time to check the Mutual Fund platform

There is no hard and fast rule that you have created an account with any of the above platforms so you must have to start investing immediately. Check the portal thoroughly for few days before committing your money.

Many of these platforms are offering a free trial up to some time or some investment amount. Try them and check which one suits your needs as these are going to be a long-term commitment. There is no harm in taking the test drive before the investment plan.

What are they offering?

These portals are offering a wide range of services like goal-based planning, scheme recommendation, user risk profiling and so on. Some of them are offering portfolio rebalancing, start and stop SIP as and when you want. Go for the service which provides you with all the facilities you are looking for.

Unbiased advice

The platform must offer suggestions based on data and past performance. There should be backup data and good reasoning for the given suggestions. This will help you to select the right mutual funds and the chances of going wrong are very less.

There should be extensive qualitative and quantitative parameters that need to be considered before deriving the best suitable mutual fund schemes. Test the suggestions given by the platform by checking its past performance and backtesting.

Customer Support

These platforms are mainly used by the user by themselves without any human intervention. But there are instances where you are stuck up or may need help.

Good customer service can take care of all your queries and questions within a stipulated time frame. After all, you are putting your money at stake, you must ensure that it meets all your requirements and you feel comfortable dealing with them.

Cost of the Mutual Fund Platform

Cost is certainly a major factor while choosing the best mutual funds platform. The different company offers different schemes. Choose the one which is charging a fair amount of fee without compromising the quality parameters.

There are mainly two types of charges prevailing in the industry.

  • Subscription-based fee
  • Transaction-based fee

The subscription-based fee is the one where the company is charging you a fixed amount every month or year for let you use its platform to buy and sell the mutual funds. This is the fixed cost/month you need to pay to use the platform irrespective of the transactions or amount you do in that period.

While the transaction-based fee means you need to pay a commission on each transaction you do through their portal. This is generally in terms of the fixed percentage of the invested amount.


Many other online portals provide services to invest in mutual fund plans. Through these portals, investing has become an easy option and you can conveniently keep a track of your investments.

Although, it is advisable to do a bit of research on the platform you are choosing to invest from.

For more details about the various about mutual funds like income fundsequity mutual funds, debt mutual funds, etc. Also, visit our website Wealthbucket. To solve your query just give a ring at +91 8750005655. Also, you can mail us on our email at [email protected].

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