Any bank that offers direct mutual funds in their platform?

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Last Comment 2024-06-23

2024-06-20

I'm looking for a bank that let's you invest in direct mutual funds not regular mutual funds, in the bank app/website itself.

I am not looking for bank AMC like sbi contra fund.

I'm looking for banks that let you invest in direct funds(all amc). As far as I know they all only show regular funds.
Specifically looking at HDFC, kotak.

What about HDFC now or sky? Do they have direct mutual funds?

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https://www.desidime.com/comments/permalink/10142593

Demon_slayer

2024-06-20

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The netbanking portal itself, you mean?

Do they offer any other amc as direct funds? Like sbi, Parag etc.,?

https://www.desidime.com/comments/permalink/10142609

DEEPANGEORGE

2024-06-20

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@Demon_slayer

dont use HDFC netbanking portal, it will create "Investment Services Account (ISA)" that has ANNUAL MAINTENANCE CHARGES , NOT WORTH IT and offers only regular mutual funds

use direct https://www.hdfcfun...m/

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https://www.desidime.com/comments/permalink/10142571

UserOne1

2024-06-20

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HDFC Small Cap Fund Direct Growth is good. Invested thru HDFC mutual fund portal https://investor-web.hdfcfund.com/ I have earned 300% after 3yrs of time(invested during covid). While redemption your profit of margin should not greater than 1lakh otherwise 10% TDS will be deducted.

https://groww.in/mutual-funds/hdfc-small-cap-fund-direct-growth for reference.

https://www.desidime.com/comments/permalink/10142593

Demon_slayer

2024-06-20

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The netbanking portal itself, you mean?

Do they offer any other amc as direct funds? Like sbi, Parag etc.,?

View 3 more replies

https://www.desidime.com/comments/permalink/10142618

DEEPANGEORGE

2024-06-20

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important point to note:

1) direct mutual funds THERE IS NO COMBINED PORTAL under any bank (as far as i researched)

2) TO HAVE DIRECT MF'S YOU HAVE TO USE "THIRD PARTY MUTUAL FUND AGGREGATOR" LIKE "GROW APP (one of example)"

3) or visit each and every mutual fund AMC OFFICIAL WEBSITE YOURSELF AND BUY IT -> -> -> -> Best method (but hard to keep track)

4) BANKS WILL NEVER OFFER DIRECT MUTUAL FUND -> as bank runs for commission from regular MF's and not for charity of free distribution xD

https://www.desidime.com/comments/permalink/10142750

96k

2024-06-20

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5) MFU online or MF Central

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https://www.desidime.com/comments/permalink/10142882

LordGane

2024-06-20

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Banks don't offer free service. They sell only Regular funds.

https://www.desidime.com/comments/permalink/10143118

Demon_slayer

2024-06-21

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But they do, all the time.

Admittedly not in this case, that's why the query.

https://www.desidime.com/comments/permalink/10147182

akki.akki

2024-06-23

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please don't go via any bank as they do not provide any direct funds. even index funds invested thru bank will fetch high expense ratio.

use MF Centeral app/website to invest in any direct MF.
it has almost all the funds across cams& kfintech.
and it also provides lot unique features like merging folios, update details like bank, nominee, mandates, email, mobile, idcw option etc etc..

ps : mf centeral is developed cams & kfintech jointly.