Direct Mutual Funds Platforms in India to Invest Online

Direct Mutual Funds Platforms in India to Invest Online

There are many Direct Mutual Funds Platforms in India with different features and pricing. I have compiled a list of Direct Mutual Funds platforms available in India to invest online. You can try these online platforms and choose the one that suits you the best.

Direct Mutual Funds

Direct Mutual Funds means investors directly invest in direct plans of mutual fund companies without involving distributors or mutual fund brokers. Investors can purchase direct mutual funds through respective AMC websites, MF Utility, CAMS, Karvy or other online websites which offer direct mutual funds online. There is no middleman cost, therefore the expense ratio of direct mutual funds is lesser than the regular mutual funds. Because of lesser expense ratio, the NAV of a direct mutual fund is higher than the NAV of a regular mutual fund.

Regular Mutual Funds

Regular mutual funds mean investors purchase mutual funds through an advisor, distributors or mutual fund brokers (intermediary). The mutual fund company pays commission to the intermediary. Because of this, the NAV of a regular plan is lower than the NAV of the direct plan.

List of Direct Mutual Funds Platforms in India to Invest Online

1. Respective AMC websites

2. MF Utility

3. CAMASOnline/MyCAMS

4. Karvy/KTrack

5. BharosaClub

6. Invezta

7. ClearFunds

8. Kuvera

9. MoneyFront

10. Zerodha Coin

11. Expowealth

12. OroWealth

13. Wealth Trust

14. Piggy

15. Savvy

16. Jama

17. Unovest

18. Upraise

19. WixiFi

Respective AMC websites

It is easy and safe to invest through respective AMC websites. The entire procedure can be done in a matter of few clicks if you are already KYC complied. Almost every AMC websites have a direct investment tab right on their respective homepage making it easier for investors to buy mutual funds without any middlemen. Buying mutual funds through respective AMC websites is completely free.

MF Utility

MF Utility is a free and efficient “transaction Aggregating Portal” supports most of the AMCs. Through MF Utility platform, investors can invest in multiple schemes of any AMC in a single transaction. It allows investors to invest in direct mutual funds. There is no need to remember different folio numbers for each and every investment while transacting through this platform. Hence, it is one of the best online platforms to invest in direct mutual funds. Below is the list of the participating AMCs.mutual funds. 

1. Axis Asset Management Company Limited

2. Aditya Birla Sun Life AMC Limited

3. BNP Paribas Asset Management India Pvt. Ltd.

4. Canara Robeco Asset Management Company Limited

5. DHFL Pramerica Asset Managers Private Limited

6. DSP BlackRock Investment Managers Private Limited

7. Edelweiss Asset Management Limited

8. Essel Finance AMC Limited

9. Franklin Templeton Asset Management (India) Pvt. Ltd.

10. HDFC Asset Management Company Limited

11. ICICI Prudential Asset Management Company Limited

12. IDBI Asset Management Limited

13. IDFC Asset Management Company Limited

14. India Infoline Asset Management Company Limited

15. Indiabulls Asset Management Company Limited

16. Invesco Asset Management (India) Private Limited

17. Kotak Mahindra Asset Management Company Limited

18. L & T Investment Management Limited

19. Mahindra Asset Management Company Private Limited

20. Motilal Oswal Asset Management Company Limited

21. PPFAS Asset Management Private Limited

22. Principal PNB Asset Management Company Private Limited

23. Quantum Asset Management Company Private Limited

24. Reliance Nippon Life Asset Management Limited

25. SBI Funds Management Private Limited

26. Sundaram Asset Management Company Limited

27. Tata Asset Management Limited

28. UTI Asset Management Company Limited

CAMASOnline/MyCAMS

CAMS platform facility is available in the form of a website and an app. You can use CAMS platform for those mutual fund companies which are serviced by my CAMS. As of now, CAMS is supporting 15 mutual funds and the list of CAMS serviced mutual funds companies are given below.

1. Birla Sunlife Mutual Fund

2. DSPBR Mutual Fund

3. HDFC Mutual Fund

4. HSBC Mutual Fund

5. ICICI Prudential Mutual Fund

6. IDFC Mutual Fund

7. IIFL Mutual Fund

8. Kotak Mutual Fund

9. L&T Mutual Fund

10. Mahindra Mutual Fund

11. PPFAS Mutual Fund

12. SBI Mutual Fund

13. Shriram Mutual Fund

14. Tata Mutual Fund

15. Union Mutual Fund

Karvy/KTrack

You can buy direct mutual funds through Karvy platform. KTrack is a mobile application of Karvy with transacting capabilities. KTrack provides paperless and hassle-free mutual fund transaction experience to the investors. You can buy the below AMCs direct mutual funds using Karvy platform.

1. Axis Mutual Fund

2. Baroda Pioneer Mutual Fund

3. BOI AXA Mutual Fund

4. Canara Robeco

5. DHFL Pramerica Mutual Fund

6. Edelweiss Mutual Fund

7. Essel Mutual Fund

8. IDBI Mutual Fund

9. India Bulls Mutual Fund

10. INVESCO Mutual Fund

11. JM Financial Mutual Fund

12. LIC Mutual Fund

13. Mirae Asset Mutual Fund

14. Motilal Oswal Mutual Fund

15. Principal Mutual Fund

16. Reliance Mutual Fund

17. Quantum Mutual Fund

18. Taurus Mutual Fund etc.

Fees of Direct Mutual Funds Platforms in India to Invest Online

The above mentioned direct mutual funds platforms are working on different business models. There are no fees for transactions if you use respective AMC websites, MF Utility, CAMS, and Karvy. For using other platforms, you have to pay a flat fee or charges on a per transaction basis.

You may also like to read: How to invest in mutual funds online?

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You may also like to read: How to link Aadhaar to mutual funds via online and offline modes?

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Direct Mutual Funds Platforms in India to Invest Online