Mutual funds are of two kinds - Regular and Direct. Direct plans cost less and give more returns on your investment when compared to regular ones. But the so call cheaper direct plans need a sound knowledge of the fund industry. Investors need to assess if they are capable of doing their own investments or if they need expert opinion. "If the investor is capable of managing his investment, it makes sense to go for direct plans," says Deepesh Raghav, Founder, Personal Finance Plan. Investors can also avail help from investment advisors (RIAs) for their direct mutual funds.
Investing in direct plans has become hassle free without the need to go the offices of mutual fund. Several sites to buy mutual funds online in India have been launched to take care of a number of issues related to direct plans. A few such sites are OroWealth, Invetza, Unovest, Bharosa Club which are dedicated to direct plans. MFUs or Mutual Fund Utilities are also available for investors to purchase direct plans.
Online mutual fund platforms
The online platforms have multifaceted benefits. One can carry out transactions of all their mutual funds from a single site. Travel time and money is saved by going online. Keeping track of investments is no longer cumbersome. The online portal OroWealth is the most user friendly site and has made portfolio management a piece of cake. The investments of the entire family can be managed in a single account on Orowealth.
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