I am a MF Investor, which type of account should I open with 5paisa?

As said, you’re only a MF investor who wants to particularly invest in mutual funds then you should only open a 5paisa Mutual Fund Account and do not open an All-in-1 investment account to save demat AMC and trading account charges. You can open a free mutual fund account with 5paisa at zero charges to undertake investment in direct as well as regular schemes via SIP or lumpsum route. However, it must be noted that 5paisa charges Rs. 10 each transaction for direct MF investment whereas investment in regular schemes is free.