FundsIndia Review: Investment Platform for Mutual Funds, Equity, SIP & ELSS

We like discussing on different investment platforms. This time we have brought an exclusive FundsIndia Review for you to checkout.

FundsIndia: An Overview

FundsIndia is an online investment platform in India where people can make investments in mutual funds. Its resilient technology offers an array of the various mutual fund options to users from many leading investment houses in India.

In addition, the users also get access to BSE stocks, corporate fixed deposit schemes, and many other investment options in a single place. Therefore, FundsIndia is a single-window solution to the users for their investment and trade necessities.

FundsIndia: Features

Funds India offers investment advice to its users in equity, mutual funds, super savings account, fixed deposits, IPOs, NCDs, and many more with negligible or no brokerage charges.

Its robo advisory facility called Money Mitr recommends various fund and investment options to its clients based on their investment requirements. Thus, owing to its robust investment advice, the users have invested around ₹6200 crores across 2,000 Indian cities via the platform.

Advantages of Investments through FundsIndia

The users of Funds India can avail the following benefits on using the platform:

  • Zero charges for opening an account with FundsIndia.
  • Free advice on mutual fund investments.
  • A small brokerage charge deducted from the users’ account.
  • Extensive research at the primary level via robo advisory, thereby avoiding human errors in investments predictions.
  • Round the clock physical and electronic security via 256-bit encryption for all customer data.

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Brokerage Charges of FundsIndia

FundsIndia platform charges discounted brokerage charges for financial investments related to equity and derivatives. It charges ₹20 for every executed order of equity delivery, equity intraday, equity futures, and equity options. However, no brokerage charges are imposed for mutual funds.

Account Opening Charges

You can open a free demat account with FundsIndia. In addition, there is no account maintenance charge (AMC) for a demat account. However, AMC is applicable for maintaining a trade account from the second year of account activation.

FundsIndia App: Accessing Funds India via Mobile App

The mobile app of FundsIndia has gained prominence among the users because of its frequent app updating feature. Some unique features of the app that make it popular are:

  • The app allows making investments in mutual funds and equity.
  • The app offers robo advice, which is similar to Angel Broking’s ARQ feature.
  • The users have easy access to market watch list. Moreover, alert messages can also be viewed conveniently.
  • The app also provides news updates from the share market and investment suggestions regularly.

However, the allocation of assets and separation of funds are vaguely displayed on the app.

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FundsIndia: Review

FundsIndia is a unique online investing platform that offers guidance to its users for making fair and wise investments. It guides its users about fund and investment choices through its robo advisory facility called Money Mitr to make trade decisions in mutual funds, equity, super savings account, recurring deposits, and more.

You can open a trading or demat account with FundsIndia in a hassle-free manner. Moreover, AMC is applicable only from the second year for maintaining a trading account. More so, the platform does not levy any brokerage charges for mutual fund investments. Therefore, FundsIndia is an ideal investment platform, which provides valuable insights for investing in mutual funds.

However, this is not the only investing platform offering such attractive benefits. Look around, you’ll get a plenty of mutual fund platforms providing great services. So, which one do you prefer? Feel free to share your views.

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