Investing in mutual funds is one of the smartest financial decisions that you can make. It is a great way to grow your wealth over time and to diversify your investment portfolio.
There are many different platforms where you can invest in mutual funds in India. In this article, we will list the 6 best platforms to invest in mutual funds in India. We will also provide a brief overview of each platform and their investment options.
So, if you are looking for the best platforms to invest in mutual funds in India, then this article is for you!
SIP in the Best Mutual Fund Scheme:
One of the most convenient ways of investing in the best mutual fund scheme is setting up a Systematic Investment Plan (SIP). Through a SIP, investors can invest a fixed amount at regular intervals (usually, monthly) in a mutual fund scheme. For example, if an investor has Rs 5000 that he/she wishes to invest in a mutual fund scheme, then they can opt for a SIP with a monthly investment of Rs 500.
The advantage of investing through SIPs is that the investor can start investing with a smaller amount. Moreover, through SIPs, investors can benefit from the power of compounding, i.e. their returns are reinvested and earn returns on their returns.
Different Types of MF Schemes in India:
Before we proceed to list the 6 best platforms to invest in mutual funds in India, let us take a look at the various types of mutual fund schemes available in India. Mutual funds in India can broadly be classified into four categories – equity funds, debt funds, hybrid funds and solution-oriented funds.
- Equity funds are those funds which invest in stocks or equity-related instruments. These types of funds tend to be more risky than others, but offer higher returns.
- On the other hand, debt funds invest in fixed-interest-bearing instruments. These funds tend to be less risky and offer steady returns.
- Hybrid funds combine investing in both stocks and fixed-interest bearing instruments; this balances risk and return.
- Finally, solution-oriented funds are those funds that are designed to meet certain investment objectives such as retirement funds or tax-saving funds. Global Top Trend
Why You Should Start Investing In The Best Mutual Fund Scheme?
Mutual funds are a great way to grow your wealth over time. Investing in the best mutual fund scheme offers many advantages vis-a-vis other investment avenues.
- They are professionally managed, which means that you do not have to monitor them regularly.
- Furthermore, diversification is a key feature of mutual funds, which reduces the risk associated with them.
- Additionally, mutual funds can be used to meet both long-term and short-term financial goals.
Best Platforms to Invest in MF in India:
Now, let us move on to list the 6 best platforms to invest in mutual funds in India.
Assetplus is one of the best platforms to invest in mutual funds in India as they allow investors to choose their own advisors for assistance in mutual fund investments. You can choose an independent AMFI Registered Advisor for advisory and the AssetPlus platform for zero platform fee to invest in the best mutual fund scheme from all AMCs in India.
HDFC Securities is one of the largest brokerages in India and they offer comprehensive services to their customers. The firm also has a dedicated mutual funds trading platform, where investors can research and select mutual funds according to their needs. HDFC Securities also provides a host of other value-added services such as portfolio tracking, tax services, and more.
IndiaBulls Ventures is another popular mutual fund trading platform in India. The firm offers a variety of mutual fund products from across the market and provides investors with extensive research and support. Investors can also manage mutual fund portfolios on the platform.
Motilal Oswal is a well-known financial services firm in India, and it offers a dedicated mutual fund platform for its investors. The platform offers a wide range of mutual fund products from one of India’s largest fund houses, and it also provides investors with detailed research reports. Trending Update News
Angel Broking is a leading online trading and investment services platform in India. The platform also provides access to one of India’s largest mutual fund portfolios, and it has an easy-to-navigate interface. Additionally, the platform offers competitive mutual fund schemes, along with personalised advice and portfolio management services.
ICICI Direct is another popular mutual fund trading platform in India. Investors on the platform can select from a wide variety of mutual funds, and they can also manage their portfolios with the help of in-depth research tools. Additionally, ICICI Direct also has an easy-to-use interface and provides access to a wide range of fund options.
In conclusion, there are many different platforms where you can invest in mutual funds in India. The 6 best platforms are AssetPlus, HDFC Securities, IndiaBulls Ventures, Motilal Oswal, Angel Broking and ICICI Direct. Each of these platforms offer a unique set of features and investment options, and investors should choose the one that best suits their needs.