Bonanza Mutual Fund Review

Bonanza mutual fund offers distribution services of mutual fund schemes offered by different fund houses. The broker offers both the regular and direct mutual funds. Investors can choose the scheme as per their requirement and start investing with Bonanza. Bonanza has a wide network to offer mutual fund services online and offline across India. It also offers an online trading platform for a seamless investment experience. Bonanza mutual fund also offers a free online mutual fund account.

Key Features of Bonanza Mutual Fund

• Offers both direct and regular mutual fund
• Allows investing in mutual funds of different fund houses
• Use SIP calculator before investing through SIP
• Check past performance and do peer comparison
• Top-notch research capabilities
• Back-office software to track MF investments

Bonanza Mutual Fund Online Charges

Bonanza Mutual Fund Account Opening Process

Bonanza Mutual Fund offers a mutual fund account opening for investors. You just need to register with the broker for the Bonanza Mutual fund account opening. Registering online for account opening for Bonanza mutual fund is a one time process.

Steps to open Bonanza Mutual Fund Account

1. Visit Bonanza official website
2. Choose 'Mutual Funds' under the products menu
3. Fill the online registration form
4. Upload the required documents and sign
5. Complete the KYC
6. Attach the canceled cheque

After completing the KYC and receiving the documents, the broker takes one working day to activate the account. In the case of SIP, you need to register for Mandate Form with the banks.

Bonanza Mutual Fund Investment Platform

Bonanza is a web-based trading platform to invest in mutual funds from anywhere and anytime. You just need to open a mutual fund account with the broker to access this platform.

Key Features of Bonanza Online Mutual Fund

• Invest in regular and direct mutual funds
• Get the latest mutual fund recommendations
• Invest in mutual funds of different fund houses
• Purchase, redeem, and switch mutual funds
• Invest from anywhere and anytime

Access Bonanza Online Mutual Fund

1. Visit Bonanzaonlinemf.com
2. Enter username and password
3. Click on the login button
4. Start investing

Bonanza Mutual Fund SIP

Bonanza Mutual Fund offers mutual funds across various fund houses. You can choose the scheme based on your investment objective, risk appetite, and time horizon to invest through SIP. The systematic investment plan enables investors to make a saving habit over a long-term horizon.

Steps to invest in Bonanza Mutual Fund SIP

1. Login Bonanza MF investment platform
2. Select the scheme name
3. Choose a SIP investment option
4. Enter the amount, SIP date, and period
5. Submit the form and make payment

Bonanza Mutual Fund Customer Care

Bonanza offers online customer support through call and mail ID. You can contact on toll-free helpline +91 022-68363775 / 739 / 708 or mail at customercare@bonanzaonline.com. Bonanza also offers offline support and you can access the nearby office to get your query resolved.

Bonanza Mutual Fund Advantages

• Offers both direct and regular mutual funds
• Free mutual fund account opening
• Research-based MF recommendations

Bonanza Mutual Fund Disadvantages

• Charges commissions on regular mutual fund
• Doesn't offer in-house mutual funds
• Doesn't offer mutual fund mobile app

Conclusion

Bonanza Mutual Fund is a good option for investors who are looking to invest in regular and direct mutual funds. It doesn't offer an advanced trading platform to invest in a mutual fund.

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Information on this page was last updated on Tuesday, August 24, 2021