Fyers Mutual Fund Investment 2024

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Fyers, the online discount broker, offers a direct mutual fund investment platform - Fyers Direct. The platform offers direct mutual fund programs for stocks, bonds and hybrid asset classes from 49+ fund houses. The Fyers Direct platform allows free mutual fund investments with no brokerage fees or commissions. Every mutual fund purchased through the platform is credited to the Fyers Demat account. Thus, the Demat account is a single account for stock and mutual fund investments. On this page you will find all the information about Fyers mutual funds, including Fyers Direct Platform features, MF account opening fee, brokerage fees, customer service details and more.

Fyers Mutual Funds Account Opening Process| Open a Fyers MF account

A Fyers mutual fund account is a requirement to invest in direct mutual funds at Fyers. The technology-driven stock brokerage firm offers a simple and hassle-free account opening process.

Steps to open a Fyers mutual fund account

1. Visit the Fyers website.
2. Under the Products tab, click on the "Fyers Direct" option.
3. Click on the "Open an Account" option at the top.
4. Enter your email and mobile number, then enter your email and mobile number/OTP to verify.
5. Enter your personal information and bank account details to complete the account opening form.
6. Upload scanned or soft copies of the required documents.
7. Once your information is verified, your account will be activated.

Note: If a client has opened a Fyers Demat and Trading account, you only need to activate the BSE-MF segment in your account to start exploring mutual fund investments.

Fyers Mutual Fund Brokerage

• Fyers Direct is a free mutual fund investment platform with no brokerage fees, commissions or hidden costs. Thus, investing in direct mutual funds through Fyers Direct is free with no fees.

Fyers Direct mutual fund investment platform

Fyers Direct is the online web trading platform to invest in direct mutual funds from 49+ AMCs. Any client who has opened a Fyers mutual fund account can access the Fyers Direct platform and invest in the direct MF. The web-based platform offers several features, here are the details:

• Free direct investment in mutual funds.
• Stock, bond and hybrid funds from more than 49 mutual fund companies.
• Instant investment and redemption.
• Intelligent mutual fund recommendations.
• Access to the best performing mutual funds.
• Track your mutual fund portfolio anytime, anywhere.
• Invest either through SIP or in lump sum mode.
• Add money via different modes, e.g. UPI, IMPS, NEFT or RTGS.

Fyers Direct mutual fund app

• Go to the Fyers Direct web platform.
• Click on the "Sign in" option.
• Enter your login credentials, i.e. username and password.
• Select the program you want to invest in.
• Tap on the "Start SIP" button.
• Enter SIP amount and frequency and select SIP date.
• Make the payment of the first installment.
• Now you have successfully started SIP investments with Fyers.

Advantages of Fyers investment funds

• Allows you to invest in direct mutual funds.
• Free MF investment with no brokerage fees.
• Stock, bond and hybrid funds from 49+ AMCs.
• Fyers Direct - a dedicated web-based mutual fund investment platform.

Fyers Mutual Fund Disadvantages

• It does not offer mutual fund research.
• Unlike Zerodha Mint, Fyers does not have a dedicated mutual fund investment.