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5paisa offers online mutual fund investment facilities wherein one can undertake investment in both the direct and regular plans. Investment in direct mutual funds allows earning greater benefits due to lower commission whereas, on regular mutual funds, AMCs distribute the commission to brokers. If you’ve opened a 2-in-1 account with 5paisa then you will also get a free mutual fund account, however, if you are only a mutual fund investor, then instead of opening an all-in-1 account, you should only open a 5paisa Free Mutual Fund account. Here are the key advantages that justify mutual fund investment with 5paisa. Get access to both direct as well as regular plans for clients.
The discount broker offers a completely online or paperless account opening process. Here is the step by step process to open a free mutual fund account with 5paisa;
Login to your 5paisa account either on the online platform or mobile trading app.
The discount broker provides a free of cost investment services in regular funds means at zero brokerage. However, direct mutual fund brokerage varies according to the subscription plan preferred by the client. Under the Optimum plan, the brokerage charges are Flat Rs. 10 per order for direct MF whereas there are zero brokerage charges under Titanium and Platinum Subscription Plan. This is one of the reasons that encourage people to invest in mutual funds with 5paisa.
Mutual fund investors can use any of the below trading platforms available with 5paisa.
Mobile users can undertake investment in mutual funds with 5paisa through using 5paisa mobile app. It is one of the most convenient and preferred routes that allows provides MF investment facility on your fingertips.
Trade Station Web is the online trading platform on 5paisa.com. One can log-in his/her 5paisa account on any supported browser i.e. Firefox, Chrome, etc and buy Quick SIP or lumpsum in direct as well as regular plans. People can also access tools such as fund screener, SIP and lumpsum calculator, Auto investor, and many others.
Yes, 5paisa offers both direct and regular mutual fund schemes of 42+ AMCs. Customers are free to invest via SIP or lumpsum route in any scheme across equity, debt, and hybrid in line with their risk appetite. The broker allows zero brokerage or commission-free investing in mutual funds.
Mutual fund investors can stop their SIP investment online anytime at zero charges. It may take approximately 20-25 days to process the stop SIP request.
Steps to cancel or stop SIP in 5paisa app;
Yes, the 5paisa online mutual fund platform provides access to 9000+ direct and regular mutual fund schemes of 42+ AMCs including top fund houses, like HDFC, ICICI, Mirae, Aditya Birla, Tata, Nippon, and more. Customers can open a 5paisa mutual fund account to invest in equity, debt, and hybrid categories of mutual funds.
It charges zero brokerage, commission, or subscription fee on SIP or lumpsum investment in mutual funds. The platform also provides top/best mutual funds or handpicked collection of mutual fund portfolios by experts. You can start SIP with just Rs. 100 per month in your favorite scheme to create wealth.
Zero, yes investing in across 9,000+ direct and regular mutual fund schemes on the 5paisa platform is free. The broker charges 0% commission or brokerage fee from clients on mutual fund orders placed on the web or mobile app. 5paisa also provides the best schemes for investment to meet your investment objectives.
Yes, 5paisa allow Direct Mutual Fund Investment. 5paisa as stock broker allows you both the options to invest in Mutual Funds. Regular Plan investment in Mutual Fund is FREE and for Direct Mutual Funds with 5paisa is charged Rs 10 Per Transaction.
When you invest via Direct Mutual Funds, 5paisa will not get any commission from AMC. To provide this service company is charging a small amount of fee which is Rs 10 Per Transaction. Investment in Direct plan can save you 1 to 2% of your earning where in a regular plan, Mutual fund distributor will get the commission. So when you invest with director plan, you save distributor commission and which add in your profit.
For more details about Direct Mutual Fund advantages please read our detail article on Direct Plan vs Regular Plan.
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.
SIP follows a systematic investment approach by investing a fixed amount of money at regular intervals like monthly. 5paisa customers can start SIP in mutual funds with 5paisa and start a convenient and paperless mutual fund investing journey.
Steps to start mutual fund SIP in 5paisa;
