Is ICICI Direct good for Mutual Fund?

ICICI Direct as a broker has a direct tie-up with AMC’s to allow ICICI Clients to invest in Mutual Funds. ICICI Direct or ICICI Bank is providing a platform to its client to invest in Mutual Funds. You can invest in Mutual Fund AMC which have a tie-up with ICICI Direct, almost all mutual fund AMC’s have provided their service to Invest with ICICI.

With ICICI, you have a choice of around 3000+ Mutual Funds to invest in Systematic Investment Plan (SIP) or Lump Sum. The company have a tie-up with around 35+ AMC out of total 40 AMC’s, so you have a wide range of choice to choose your funds.

The company also publishes Mutual Funds Research Report for better decision making. SIP and Non-SIP return comparison report, Fund comparison Report, NFO (New Fund Offer) and many more reports are published on the time interval.

ICICI Direct Research Team also recommend fund of choice, the recommendation for SIP portfolio and recommendation for TIP portfolio. All recommendation is categorized by Fund type like Equity, Hybrid, Arbitrage, Debt, Liquid, and Others.

Account opening for Mutual Fund is a very easy and paperless process. You don’t need ICICI Direct trading and demat account to invest in Mutual Fund. You can open only Mutual Fund Investment account. You can open Mutual Fund only account with the help of ICICI Bank also.

Overall ICICI Direct has good mutual fund investment options except for direct mutual fund investment plan which offered by Zerodha. You can save up to 1 to 2% in your annual profit by investing in a direct mutual fund which usually a commotion took by service providers in a regular plan.

For more details about Direct Mutual Fund advantages please read our detail article on Direct Plan vs Regular Plan.