Mutual funds are maintained by firms that pool people’s money that is reinvested, converted into earnings and redistributed. There are numerous types of mutual funds available in India like gold scheme, bonds, shares, etc. There are two main means of investing in mutual funds: Regular and Direct. Investment done through a distributor is known as Regular and one gets to invest on their own with Direct Mutual Funds.
One can increase the returns by 0.5% for equity funds by directly investing in mutual funds. But the basic knowledge for direct investment is the type of funds, their lock-in periods, and the amount to be invested and the risks involved in various funds available. There is also a lot of time and energy involved in direct funds as they need regular monitoring and timely modifications to be on track and achieve the target, which is taken care by your distributor in regular fund.
One can invest in Direct Mutual funds by visiting the local offices of the mutual fund company or online through AMC’s website, MF utility or the direct company website. But all these have major drawbacks are not investor friendly. The definition of investment has been redefined in the past few years with Oro wealth, the online advisory platform which make investments user friendly and hassle free. For a small fee, Orowealth helps in selecting MFs, making investments, redemptions, SIP cancellations, portfolio review etc. without the hassle of logging into multiple AMC portals.
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