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As a first-time investor, if you want to start investing in Indian equities, a mutual fund is the best investment option for you. As every scheme is managed by professional experts, it helps beginners to kickstart their equity investment journey at less risk. Want to know how to do mutual fund investment with HDFC Sky? Here’s a complete guide on how to open HDFC Sky mutual fund account, what are the charges or brokerage fee, direct or regular plans available, how to start a SIP in a mutual fund scheme, HDFC Sky mutual fund app features, and a lot more.
HDFC Sky is a financial platform for all your trading and investing desires be it equity, derivatives, commodities, currencies, IPOs, mutual funds, and fixed-income investment instruments.
Check out the reasons why HDFC Sky is a great platform for mutual fund investment;
Every mutual fund company provides direct and regular schemes.
Direct plans have less expense ratio than regular schemes and therefore, provide far better return over long-term period.
At HDFC Sky, you can only invest in regular mutual funds as the platform does not provide direct plans. Thus, HDFC Sky is not a broker for investors who are looking to invest in direct mutual funds.
Zero brokerage, yes, HDFC Sky allows all users to invest in mutual funds for free. The broker has no mutual fund account opening fee, and also charges zero commission, and subscription fee.
A customer can either set an automated SIP in mutual funds or invest lump sum money.
SIP is the most preferred method of investing in mutual funds as you can invest a small amount periodically like every month, every quarter, etc. SIP helps to systematically grow your investment over a period to accumulate good wealth.
Steps to do mutual fund SIP in HDFC Sky;
HDFC Sky app provides the best mutual fund schemes. Investors can find the top rated mutual funds on the HDFC Sky app and start investment after matching their appetite.
Also, the app allows users to compare up to 5 mutual fund schemes like scheme AUM, return comparison, risk comparison, sector-wise allocation, top 10 holdings, and more.
HDFC Sky app is an all-in-one mobile app to invest in stocks, mutual funds, and US stocks. Invest in over 2000 mutual fund schemes across equity, debt, hybrid, solution-oriented, and thematic mutual funds. Also, NFO (New Fund Offers) are also offered on the HDFC Sky app for investment.
You can start a SIP in your favorite scheme or invest via lump sum. Other investment options like STP and SWP are also available on HDFC Sky platform.
HDFC Sky mutual fund app features;
Lumpsum investment means parking a sum of capital at a given point of time. HDFC sky app and website allows mutual fund investment through SIP route and lumpsum.
Yes, HDFC Sky app allows users to invest in equity shares, F&O contracts, mutual funds, and US stocks. The app can be installed on any Android and iOS devices to invest in mutual funds at your fingertips.
A customer can start SIP or choose to invest lumpsum money in their choice of mutual fund scheme. There are over 2000 schemes available across categories from 29 fund houses like ICICI, Tata, Axis, HDFC, SBI.
Yes, the HDFC Sky platform provides top-rated mutual fund schemes by experts to help investors select the right fund for investment. It rates mutual funds on a 5-star scale where the 5-start rated scheme is the top recommended one.
However, before investing in any scheme, you must know your risk profile and select the right one that is in line with your risk tolerance capacity.
No, HDFC Sky app and web platform does not offer direct mutual funds. Any demat and trading account holder with the broker can only invest in regular mutual funds.
HDFC Sky provides important mutual fund scheme-related information to all users. Log in to the HDFC Sky account on the web or mobile app, search for your choice of scheme, and the page will show important details such as;
Yes, HDFC Sky app allows you to bring all your mutual fund investment together at one single place to track or monitor your portfolio at ease and convenience.
SIP in stocks is similar to SIP in mutual funds where an investor invest a fixed sum of money at regular interval of time in equity shares. HDFC Sky allows customers to do SIP in stocks to invest systematically in equity shares.
Note: You can also create SIP order for basket.
HDFC Sky allows mutual fund investment facility to all customers. Here are the reasons why HDFC Sky is a good platform for investment in MFs;
