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