How to invest in Mutual Funds online with out any charges?

SEBI has banned entry load in Mutual Funds. Media reports suggested that Mutual Fund Advisers and intermediaries are unwilling to serve new customers in the post “No Entry Load” scenario. Even reputed online brokerages like Religare started to charge the online MF transactions. In this changed situation this post attempts to explain some free and convenient options to invest in various Mutual Funds.

How to choose best Mutual Fund Schemes?

Previously you might have relied on the “MF Agent” turned Advisors who have huge conflict of interest. Naturally he advice you New Fund Offers and the schemes that pay higher commission to him irrespective of your need. In this internet era, you can find reliable advices in some reputed sites like value research online. You can also consult print magazines like Outlook Money, The Hindu Business Line, etc., We recommend that you can consult all the above three to make sensible investment decisions.

How to invest online?

Almost all the online stock brokers offering facilities to invest online after initial one time registration and paper work. The chosen intermediary should be large, reputed, offer online fund transfer facility from number of banks, tie-up with large number of fund houses, research facility and allow investment with out any extra charges.

We choose following two online brokers which satisfy all the above conditions.

1 India Infoline

2 Sharekhan

Sharekhan even allows you online SIP facility.

Readers can add their ideas in the comments section.

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