Best Brokers for Mutual Fund Investment in India

Are you a mutual fund investor? or looking to invest in mutual funds in the future, then the article is for you? Mutual funds investments are a great investment opportunity for small investors to invest a small sum of money during a fixed interval of time for a definite time duration. Nearly every broker offers online mutual fund investment services but finding the right broker is challenging. You must look for several important parameters to select the best mutual fund stockbroker. Check below a list of the best broker for mutual fund investment in India .

Meaning of Mutual Fund

Mutual Funds are the best investment products that pool money from many investors and diversify it across shares, debentures, bonds, cash, and other securities. There are different types of mutual funds; equity, debt, hybrid, ELSS, and FoF. Users can invest in any category based on their investment goal. SIP and lumpsum are the two routes to invest in mutual funds, and SIP (Systematic Investment Plan) is the most preferred route because a fixed amount of money gets invested periodically. People can start investing in mutual funds as low as Rs. 500 per month via the SIP route

Best Brokers for Mutual Fund Investment| Key factors to check

Many top discount brokers like Zerodha, Upstox, 5paisa, Groww, etc. have started offering mutual funds in their product portfolio to provide a great investment alternative to investors with better risk management and diversification in a basket of securities. However, which are the best brokers for mutual fund investment in India? Depend on many parameters such as follows;

1. Types of Mutual Funds: Direct and regular are the two types of mutual fund schemes offered by Asset Management Companies (AMCs). Direct plans are subject to a less expense ratio, therefore delivering 1%-1.5% per annum extra return, and over a long-term period, it can help you earn a far better return. Before selecting any broker, you must check whether your broker offers direct mutual fund schemes or not to get greater returns.
2. Brokerage: Undoubtedly, investing in mutual funds through a broker knocks investors' heads for the brokerage charges. Top discount stock brokerage firms, Zerodha, Upstox, and Groww offer a free direct mutual fund investment at zero brokerage charges.
3. MF Account opening fee: Top discount brokerage firms charges zero mutual fund account opening fee. Thus, customers can open a free mutual fund account at Rs. 0 charges.
4. MF Investment app: A broker can allow mutual fund investment through its website, mobile app, or both. Before considering any broker, you must check whether your broker offers a dedicated mutual fund investment app or not. The MF app facilitates easy and paperless investment anytime anywhere in the world simply using your phone. You should further the app compatibility on android and iOS devices.
5. MF research & advisory: If you are a beginner, then you must check whether your brokerage firm offers mutual fund research services or not. Although discount brokers do not provide research facilities, a few brokers like Angel One, 5paisa, Paytm Money offer MF research services.

To help you out, we are providing a list of the best brokers for Mutual Fund Investment in India - . You can consider below top 10 brokers to open a mutual fund account and start online investment in mutual funds.