FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

Upstox Mutual Fund Investment 2024

Rated 4.5/5 by InvestorGain Team
Upstox Mutual Fund Investment
Open Instant and Online account with Upstox in 15 mins.
Free Demat + Trading Account + Rs 1000 credit for first 30 days.

Likewise many other discount brokers i.e. Zerodha, Fyers, etc. Upstox allows free direct mutual fund investment to its clients. The broker has tie-up with 28+ top AMCs to offer a wide range of direct schemes to customers for investment. Anyone who has opened a Upstox Demat Account will have direct access to the Upstox Mutual Fund Platform without any requirement to open an MF account. Upstox Pro web and mobile app facilitate instant online direct MF investment at 0 brokerages. Check out the details on the Upstox MF investment process, account opening charges, brokerage, how to start MF SIP through Upstox, MF redemption, and more.

Upstox Mutual Fund Account

To buy mutual funds through Upstox, you are only required to open a Demat Account. Here, Upstox offers a Free Demat account at zero account opening charges. Anyone who has a Demat account with Upstox can access its mutual fund investment platform and invest in direct plans for Free.

S. No. Particulars Charges
1. Upstox Mutual Fund Account Opening Charges Free
2. Upstox Mutual Fund Account AMC Free

Upstox Mutual Fund Brokerage

S. No. Particulars Charges
1. Upstox Mutual Fund Brokerage Free
2. Upstox Mutual Fund Transaction charges Nil

Upstox Mutual Fund Login

  • Upstox offers a single login credential for its trading + Demat + mutual fund account. It means that customers can log in to the Upstox Mutual Fund Account using their Upstox Pro unique client code (UCC) and password.

Upstox Mutual Fund SIP

SIP refers to the Systematic Investment Plan means investing a fixed amount of money for a given period of interval. SIP route helps small investors to put a small sum of money periodically in a mutual fund scheme to create wealth in the long run.

Steps to start SIP in Upstox;

  • Log in to the Upstox Mutual Fund Platform using their Demat Account credentials.
  • Search the scheme of your choice using different search filters.
  • Click on the “Start Monthly SIP” option.
  • Now, enter the SIP date, SIP amount, and period of SIP investment.
  • Accept the terms and conditions and place the SIP order successfully.
  • The first installment will be deducted from your bank account immediately and later, your account will be auto-debited with the SIP amount on the SIP date.

Upstox Mutual Fund Platform

Upstox Pro is one of India’s top mutual fund investment platforms available in web and app versions. The Pro Web and App platform of Upstox allows zero brokerage or commission-free direct MF investment with 28+ largest AMCs. Android and iOS users can download the Upstox Pro mobile app and invest in direct mutual funds at their fingertips.

Upstox Mutual Fund App

  • Direct mutual fund investment platform.
  • Zero brokerage or commission-free MF investment.
  • Instant and hassle-free investment and redemption.
  • Choose from 2000+ mutual funds of 28+ AMCs.
  • Easy online portfolio tracking and monitoring.
  • Get and download Upstox Mutual Fund Statement.

Upstox Mutual Fund Redemption

You can place an MF redemption request anytime on the Upstox, based upon the funds requirements. Check out the process on how to redeem or sell mutual funds in Upstox;

  • Log in to the Upstox Mutual Fund Account.
  • On the MF dashboard, click on the scheme you want to withdraw or redeem.
  • Tap on the “Redeem Funds” option, and enter the number of units (partial or full).
  • Now, enter CDSL TPIN (Transaction PIN), if you don’t have a PIN, then click on the PIN generate option.
  • Once the correct TPIN is entered then the Upstox MF redemption order will be placed.

Upstox Mutual Fund DP Charges: Rs.13 + Rs.5.5 (CDSL) = Rs.18.50 charges

Upstox Mutual Fund Customer Care

Upstox Mutual Fund customer support e-mail [email protected]
Upstox Mutual Fund Helpline number 022-6130-9999
Request call back from Upstox

Reference Topics

Upstox Mutual Fund


Yes, Upstox is a great platform for mutual fund investment. Below are some of the key benefits of investing in Mutual funds through Upstox.

  • Zero cost investment in direct mutual funds.
  • No need to open Upstox Mutual Fund Account.
  • Single Upstox Demat account to keep shares and Mutual Funds.
  • You can invest in any of the mutual funds out of 2000+ available mutual funds.
  • Both SIP and Lumpsum types of investments are allowed.
  • Paperless mutual fund investment on the Upstox Pro Web and App.
  • No minimum investment required in Upstox Mutual Fund Account.


Yes, Upstox accepts direct mutual fund investment at 0 brokerage charges from its clients. The direct funds of 28+ AMCs like Axis, ICICI, SBI, HDFC, Reliance, Tata, etc. are available on the Upstox MF platform. It provides paperless MF investment and transfers mutual fund holdings to the Upstox Demat Account.


There are almost 2000+ Mutual funds available in Upstox to invest. The platform is free for investment into any mutual fund. However, you need a Upstox Demat account to buy the Mutual funds. Follow the steps below to learn how to buy Mutual funds in Upstox.

  • Visit Upstox Mutual Funds and enter your login credentials.
  • Go to the “ Mutual Funds” section.
  • Search for the Mutual funds you want to buy and click on it.
  • You can “Start Monthly SIP” or “Invest one Time.”
  • Once you decide the type of investment you want, you can enter the amount, dates, Bank details, etc.

The amount will be deducted from your bank account and invested as per your selected plan.


Upstox Pro Mobile app is an all-in-one app for investment in stocks and mutual funds. Customers can log in to the Upstox Pro app using their Demat account credentials i.e. client ID and password and invest in direct mutual funds of their choice.


You can visit the Upstox Mutual fund platform through this link. You can tailor your searches by using various filtering tools that are available on the website. Below are some filters that can be used for this purpose.

  • Fund House: There are various Mutual Fund offering companies such as Aditya Birla Sunlife, Motilal Oswal, Mirae, Axis, UTI, etc. You can choose your preferred fund house from here and proceed with the search.
  • Fund Category: You can choose the type of asset class in which you want to put your investments. The available fund categories are Debt, Equity, Commodity, Hybrid, etc. These categories are again divided into many sub-categories. This will help you create a diversified Mutual Fund Portfolio.
  • Fund Risk: The Return comes with the Risk. If you choose the highest return funds, that would be equity but also contains the highest risk. So, according to your age and risk appetite, you can filter the stocks from “Low” to “Very high”-Risk.
  • Minimum Investment: When you start investing in a Mutual fund, you can start investing from as low as 100Rs in SIP and 1000Rs in lumpsum investments. There is a filter called “Minimum Investment,” which can filter out the stocks as per your selected range.
  • Lock-In period: Some funds are there that you can’t redeem(exit) once invested for a certain pre-determined period. Ex- Most of the ELSS funds come in this Category. Holding a mutual fund for a longer time gives better capital appreciation. So a lockin period is beneficial for both investors and the Fund house. You can use Lockin Period as a filter to find funds having 0 to above 3Yrs of lock-in duration.


Upstox Pro app allows investment in direct mutual funds for Free. The mobile app is downloadable on Android and iOS devices from the Google Play Store and the App Store.

Steps to purchase Mutual funds through Upstox;

  1. Download and log in to the Upstox Pro Mobile App.
  2. Go to the “Menu” tab and click on the “Mutual Funds” option.
  3. Search and click on the fund, you want to invest in.
  4. Click on the “Start SIP” or “One Time” option for SIP and lumpsum investment.
  5. Enter the amount of investment, SIP frequency, date, and submit the order.
  6. Upon successful payment of the investment amount, investment in mutual funds is done!


After you complete the online bank mandate registration process, it can take around T+7 working days for the mandate to be approved. The Upstox team will verify the signed mandate and send it to BSE for registration. The offline mandate can take up to 25 working days to get approved depending on the bank you want to register with. Upstox doesn’t charge anything for registering the bank mandate. However, the bank might charge a one-time fee for registration.


You can cancel or stop your mutual fund SIP investment in Upstox anytime as per your requirements through the below process;

  • Visit Upstox Mutual Fund
  • Click on “MF Portfolio”
  • Go to the “SIP” tab and click on the Mutual fund for which the SIP is active.
  • Now click on the “Cancel the SIP” button.
  • Click “Confirm.”
  • You will see a pop-up of “Cancellation Successful.”


Zerodha and Upstox both are the most popular brokers in the Indian discount broking industry. Both the discount brokers allow free direct mutual funds investment at zero brokerage or commission fee, however, Zerodha is still the best broker due to the following reasons;

Basis of difference Zerodha Broking Limited Upstox Securities
Brokerage No brokerage on MF investment. Zero brokerage or free MF investment.
Direct or Regular Direct mutual funds are available on Zerodha. Upstox also offers direct mutual funds on its MF platform.
Collaboration with AMCs Zerodha has partnered with 40+ AMCs therefore, a wide range of scheme choices are available. Upstox has a tie-up with only 28 AMCs thus, the range of schemes available at Upstox is limited.
Investment process Completely online or paperless investment. Instant and hassle-free investment process.
MF platform Zerodha coin (web and app) is a dedicated mutual fund investment platform. Upstox Pro (web and app) is a single platform to meet all trading and investment requirements of users including MF investment.


Last Updated on 2023-12-15