InvestorQ : How can I buy direct fund ?
PRABHA RANI made post

How can I buy direct fund ?

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Rohan Bhadani answered.
4 months ago
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The process of buying a direct fund is very easy. You just need to visit the AMC (Asset Management Company) website of the scheme you wanted to invest in and register for the mutual fund. There are certain details you will need to fill out, including the choice of SIP or lump sum, the amount you want to invest, and the recurring date of installment in case you have opted for SIP. If you are KYC compliant, the process is completed in a jiffy.

The one disadvantage of this investment method is that there is no hand-holding. Everything from choosing the right scheme, to registering, to analyzing the performance of the fund post-investment has to be done by the individual. This can be overwhelming, especially if the investor is a novice. The sheer number of mutual fund categories and sub-categories will be a major hindrance to a beginner’s investing journey.

If you are a beginner in this, it is best to start with regular funds. You will not only have the support of a well-established name in the business, but you can also leverage the tools they provide to understand the process better. I personally would recommend IIFL for this purpose. IIFL is an established AMC by itself. Thus, the company is well-versed with the various trends as well as gaps in the industry. Its mutual fund screener app leverages its expertise in the domain, allowing for an insightful user experience. The reason I choose to buy mutual funds with IIFL is that it saves me the hassle of investing in different mutual funds through multiple websites. You just need to register once and you have access to an expansive list of mutual funds that you can begin investing in at a go.

In case you are confused between a variety of mutual funds, you have the option of comparing mutual funds based on their analytics. There is also a fund screener that shows the NAV and other indicators of your chosen fund/s at a glance. They also have a very capable research team that guides you in selecting funds based on your financial and risk profile.

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Juvina Maggie answered.
4 months ago
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Direct Fund is a fund with no marketing cost. You can buy these fund directly from the AMC by selecting the Direct Plan option.
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