BouncyTaco
BouncyTaco

Platforms for Mutual Fund Investment without demat account

Hey fellow grapeviners I am looking for reliable platform recommendations to invest in mutual funds which DO NOT require opening a demat account like ET Money). Platforms like zerodha coin, groww and paytm money open demat account by default which I don’t want. Would want to know more such platforms and their credibility. Thanks!

15mo ago
Find out if you are being paid fairly.Download Grapevine
FluffyCupcake
FluffyCupcake
Amazon15mo

I am using Groww for multiple years without a need of demat with the same operator. You should check it again. Found it easier to monitor/manage MFs on Groww.

BouncyTaco
BouncyTaco

how did you get it without demat? i called their customer care but they told it is not possible to open a mutual fund only account.

SnoozyWaffle
SnoozyWaffle

they open demat account,but that is not used to do mutual fund investments. Also, that demat account doesn't have any opening and annual charges.

I think Paytm Money works without a demat account.

You can checkout kuvera. They are good.

Also if these platforms close, nothing will happen to your mutual fund units. They are safe with mutual fund company.

You can also check out mfu online.But their UX is pretty bad.

SwirlyNoodle
SwirlyNoodle

Kuvera. Using for several years

BouncyTaco
BouncyTaco

is it reliable?

BouncyBurrito
BouncyBurrito

INDMoney

BouncyTaco
BouncyTaco

platform experience if any?

BouncyPancake
BouncyPancake

MF central , Kuvera, directly from MF is also an option

BouncyTaco
BouncyTaco

mf central reviews?

WigglyDonut
WigglyDonut

FI. It is basically a savings account and with options to directly invest in MF

Discover more
Curated from across