Zerodha MF platform !

[TraderRavi]

Zerodha has provided a platform to invest in mutual funds. This thread is to discuss costs involved , advantage disadvantage etc.
as a distributer they are offering Regular plans not direct plans which you have to buy through AMC directly.
brokerage free .

 

[Smart_trade]

Why would someone invest in mutual funds through Zerodha when he himself can invest in these funds directly through net banking and get same day NAV if invested before 3:00 pm and without any brokerage.Investing through Zerodha means fund house pays brokerage to Zerodha which ultimately is recovered from us not only for initial investment but also trail commissions for subsequent years ( investments through Zerodha are in regular plans and not in direct plan) . All Zerodha investors are internet money transfer enabled and investing directly is 2 minutes job through net transfer of money. We can opt for credit of mutual fund units in our Demat accounts too if we so desire.

For investing through Zerodha we have to transfer the funds to Zerodha account beforehand. We can get better deal if we invest directly.

So I see no advantage of going through Zerodha.

Smart_trade

 

[Snake.Head]

Why would someone invest in mutual funds through Zerodha when he himself can invest in these funds directly through net banking and get same day NAV if invested before 3:00 pm and without any brokerage.Investing through Zerodha means fund house pays brokerage to Zerodha which ultimately is recovered from us not only for initial investment but also trail commissions for subsequent years ( investments through Zerodha are in regular plans and not in direct plan) . All Zerodha investors are internet money transfer enabled and investing directly is 2 minutes job through net transfer of money. We can opt for credit of mutual fund units in our Demat accounts too if we so desire.

For investing through Zerodha we have to transfer the funds to Zerodha account beforehand. We can get better deal if we invest directly.

So I see no advantage of going through Zerodha.

Smart_trade

Even i had same thoughts
Few day back i got mail from invezta [I am not linked with them]
They offer same service like zerodha MF only difference is they yearly amc charges of 1.2k

Until Dec. 2105, there were only two ways to buy direct mutual funds:
Directly with the AMCs (no fees involved)
Via MyCAMs for a few mutual funds (no fees involved)

MF Utility - Run my 25 mutual fund companies (no fees)
Their is lot of new site coming up with small fee/AMC like Invezta, Unovest, BharosaClub and ORO Wealth and More are to come.

One of best things happen in MF is
Disclose all mutual fund commissions/expenses to investors by SEBI

For me Directly with the AMCs works best...
Will have see how MF Utility works

 

[TracerBullet]

Why would someone invest in mutual funds through Zerodha when he himself can invest in these funds directly through net banking and get same day NAV if invested before 3:00 pm and without any brokerage.Investing through Zerodha means fund house pays brokerage to Zerodha which ultimately is recovered from us not only for initial investment but also trail commissions for subsequent years ( investments through Zerodha are in regular plans and not in direct plan) . All Zerodha investors are internet money transfer enabled and investing directly is 2 minutes job through net transfer of money. We can opt for credit of mutual fund units in our Demat accounts too if we so desire.

For investing through Zerodha we have to transfer the funds to Zerodha account beforehand. We can get better deal if we invest directly.

So I see no advantage of going through Zerodha.

Smart_trade

One use case is to put part of capital in liquid fund and use as margin. They do need demat account with Zerodha though, ILFS wont do.

 

[comm4300]

found this in internet. liquid funds like liquidbees [ETF] can be purchased via trading a/c without the need for mf.zerodha.com.

 

[Fundootrader]

One use case is to put part of capital in liquid fund and use as margin. They do need demat account with Zerodha though, ILFS wont do.

For margin - use liquidbees - why go through zerodha MF

Is anyone aware of any platform - which does what mf zerodha is doing - but only for direct plans - though still charging a fees - kinda aggregator for direct plans - saves headache of going to individual AMC for direct plan and monitoring your P&L

 

[Sizzle]

Even i had same thoughts
Few day back i got mail from invezta [I am not linked with them]
They offer same service like zerodha MF only difference is they yearly amc charges of 1.2k

Until Dec. 2105, there were only two ways to buy direct mutual funds:
Directly with the AMCs (no fees involved)
Via MyCAMs for a few mutual funds (no fees involved)

MF Utility - Run my 25 mutual fund companies (no fees)
Their is lot of new site coming up with small fee/AMC like Invezta, Unovest, BharosaClub and ORO Wealth and More are to come.

One of best things happen in MF is
Disclose all mutual fund commissions/expenses to investors by SEBI

For me Directly with the AMCs works best...
Will have see how MF Utility works

Each fund house login and Invest more inconvenient,

I was applied for CAN not fully...
MF Utility is good for now or they will charge later.

 

[TracerBullet]

For margin - use liquidbees - why go through zerodha MF

Is anyone aware of any platform - which does what mf zerodha is doing - but only for direct plans - though still charging a fees - kinda aggregator for direct plans - saves headache of going to individual AMC for direct plan and monitoring your P&L

Liquid MF will have higher return vs liquid bees. Bees has much higher fees + dividend tax( which may not be bad thing if you are in 30%). Also, no fractional units. Liquid Bees will also have transaction charges from broker ( maybe STT too but dont remember if its exempted). Anyway, its better than nothing if you have decent amount with broker.

myCams is pretty good and free for CAMS managed fund. We can also get consolidated reports every month for all MF and all Demats.
MF Utility might give access to all but i haven't tried it ... You can always use a portfolio manager ( like value research ) or your own excel for basic pnl monitoring.

 

[comm4300]

Bees has much higher fees + dividend tax( which may not be bad thing if you are in 30%).

dividend tax on liquid bees? can you elaborate?

 

[TracerBullet]

dividend tax on liquid bees? can you elaborate?

liquid bees pays through dividend. Its price is fixed around 1000. Dividend is always taxed at source so returns you get are after its deducted. You can compare returns of bees vs liquid funds. Anyway, its still good option (vs nothing) to keep large money for decent amount time. For very short periods, its not good due to transaction costs.