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Angel One Mutual Fund Review


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Angel One offers Angel Bee which is an online mutual fund platform for investors. You can invest in a mutual fund of your choice through Angel Bee and start investing in a couple of minutes. It offers different categories of mutual funds to suit the investment needs of the clients. All the plans offered on Angel Bee Mutual Fund platforms are regular schemes. You can invest in a wide range of mutual fund schemes under different categories- growth/debt/ELSS/Tax Saving etc., for your mutual fund investment portfolio.

Key Features of Angel Bee MF:

  • Offers various mutual fund schemes to diversify your investment portfolio
  • Provides mutual fund and SIP calculator to plan your investment accordingly
  • Access to Angel One mutual fund knowledge center to help you understand mutual fund investments better
  • Schemes available for all types of risk profiles
  • Systematic investment plans (SIP), systematic transfer plans (STP), and systematic withdrawal plans (SWP) are available
  • Start investing from anywhere and anytime through Angel Bee Mutual Fund App
  • A single unified dashboard to make financial management easy
  • Instant mutual fund investment facility
  • Offers more than 1000 mutual fund schemes

Angel Bee Mutual Fund Online Charges

Angel Bee Mutual Fund Charges

Angel Bee Account Opening Charges

Nil

Angel Bee Mutual Fund AMC Fees

Nil

Angel Bee Mutual Fund Brokerage Charges

Nil

Angel Bee Mutual Fund Commission

Charges commission 1% to 1.5%

Angel Bee Mutual Fund DP Charges

 

Other Charges

 

Angel Bee is a free online investment platform offered by Angel One for mutual fund investors. The distributor doesn't charge any fee for offering mutual fund services. All the amount invested in the scheme goes to purchasing the mutual fund scheme. Angel Bee receives a commission from the fund houses. The NAV shown in the front of the Angel Bee mutual fund platform includes the commission component. You don't need to pay any fee separately while investing through Angel One Mutual Fund.

Angel Bee Mutual Fund Account Opening Process

Angel One works as a distributor for mutual fund schemes from other fund houses. For investing in a mutual fund, you don't require any trading account with the broker. To invest in mutual funds, Angel Bee MF offers a free, paperless and instant mutual fund account opening facility. It is a Do It Yourself process that can be completed within 60 seconds if you are KYC verified. You don't need any minimum balance to open an Angel One Mutual Fund account. If you are KYC verified, you can start investing with Angel Bee within 60 seconds in a mutual fund scheme. 

Steps to invest in Angel Bee

  • Complete your KYC
  • Visit Angel Bee official website
  • Click on the Invest Now tab available in the main menu
  • Choose the scheme, type mobile number, and mail id
  • Enter PAN card and bank details
  • Select the payment method from net banking and debit card
  • Accept the terms and conditions
  • Click on Transfer funds 

Angel Bee Mutual Fund SIP

Angel Bee also offers mutual fund investment through SIP. You can start investing in Angel Bee Mutual Fund SIP in 60 seconds. To start investing through SIP, you will need to download and install the Angel Bee Mutual Fund App. 

Steps to invest in SIP through Angel One Mutual Fund:

  • Login to your Angel Bee app
  • Click on the mutual fund category to invest
  • Select the scheme
  • Click on Start SIP
  • Enter details like amount, date, payment method, etc.
  • Submit the form to start investing in mutual fund through SIP 

Angel Bee Mutual Fund Investment Platforms

To invest in a mutual fund through Angel One, you need to access the Angel Bee Mutual Fund platform. It is a dedicated mutual fund mobile app to invest in schemes online. 

Angel Bee Mobile App 

This app is powered by ARQ- an intelligent engine that provides personalized recommendations. With the Angel Bee MF app, you can invest from anywhere, anytime. 

Key Features of Angel Bee Mobile App:

  • Instant online mutual fund investments
  • Invest in mutual fund through SIP or lumpsum
  • Free account opening
  • No fee and charges for mutual fund investing
  • Track your investment online
  • Start SIP in 60 seconds
  • Invest as per your financial goals
  • A wide range of investment schemes
  • In-built expense tracker to manage money
  • ARQ, hyper-intelligent investment engine, to choose the best funds across categories
  • In-app notifications based on the set conditions 

Download Angel Bee Mobile App:

The Angel One app is available for Android and Apple iPhone users.

  • Visit Google play store/ App Store on your smartphone
  • Search for 'Angel Bee' app
  • Click on the Install button
  • Login the app 

Angel Bee Mutual Fund Customer Care

The existing customers at Angel One Mutual Fund can contact on 022-50515151022-44114411 whereas the new customers can call on 022-44443333 for mutual fund related queries. It also provides e-mail-based customer support. You can mail your query at support@angelbee.in. 

Angel Bee Mutual Fund Advantages

  • Offers free account opening
  • Doesn't charge any brokerage and transaction fee
  • Offers more than 1000 mutual funds
  • Angel Bee Mutual Fund is a dedicated mutual fund platform
  • Allows investment across different fund houses
  • Offers 60 seconds SIP investment facility 

Angel Bee Mutual Fund Disadvantages

  • Doesn't offer direct mutual fund schemes
  • Doesn't have in-house mutual funds
  • Customers have to indirectly pay for commissions which lower the profits. 

Conclusion

Angel One is a mutual fund distributor that offers around 1000 mutual fund schemes from different fund houses. It has an Angel Bee platform to invest in mutual funds online. Angel One doesn't offer an offline mutual fund investment facility. As Angel Bee offers regular mutual funds, you have to indirectly pay commissions which fund houses pay to the distributor. For every scheme investment through the app, Angel One earns a commission from the fund house. The fund house charges this commission from the customers as fund expenses. This impacts your profits from the investments. Stock brokers like Zerodha and 5Paisa offer no commission direct mutual funds which is a better way if you can choose schemes on your own.

Angel One Special Offer

Discount Brokerage Plan (Flat Rate Pricing)

Get a full-service trading account with discount broker pricing. Pay Rs 0 brokerage for equity delivery and flat Rs 20 brokerage for Intraday and F&O trades. Get high-quality research reports and personalized services for free. Open Instant Account and start trading in just a few minutes.

Frequently Asked Questions

  1. 1. How to buy Mutual Funds in Angel One?

    Angel One offers mutual fund services through 'Angel Bee', a dedicated Mutual Funds App. The company offers mutual funds at zero commission charges.

     

    Angel One Mutual Fund Investment App

     

    Steps to Buy Mutual Funds in Angel One

    1. Download the 'Angel Bee' app on a smartphone.
    2. Open Angel One account online.
    3. Transfer funds into your account.*
    4. Choose a fund of your choice from the list available.
    5. Invest in lumpsum or SIP as per your preference.
    6. Go to the Order Book section to check the status of your order.

    * For Android smartphone users, Net Banking, Debit Card and UPI payment facility are available whereas currently, iPhone users can only transfer through Net Banking.

    Angel Bee App also provides you access to Angel One's proprietary ARQ software, an AI-driven mutual fund recommendation engine. You can check the recommendations as per your financial goals and find a good mutual fund.

    Investments done before 2 pm are processed the same day, and those done after 2 pm are processed on the next working day.

     

     

  2. 2. How is Angel Bee for mutual fund investment?

    Angel Bee is a dedicated mutual fund platform offered by Angel One to invest in regular mutual funds online. The app is a convenient way to invest in over 1000 schemes across various categories. The account opening is free and Angel One doesn't charge any fees/commission. However, in regular mutual funds, fund houses charge a commission to be paid to the distributor. So, customers lose around 0.15% to 1.5% in commission when compared to direct mutual funds offered by Zerodha and 5Paisa etc.

     

     

  3. 3. What documents are required for the Angel Bee account opening?

    Opening a mutual fund account with Angel Bee is an easy process. You will need the following documents for account opening:

    1. Aadhaar Card
    2. PAN Card
    3. Canceled Cheque

     

     

  4. 4. What is the minimum amount for an Angel Bee Mutual Fund account?

    Angel Bee offers a free mutual fund investment platform and you are not required to maintain a minimum balance for account opening.

     

     

  5. 5. What are Angel Bee AMC charges?

    Angel One doesn't charge account maintenance charge for mutual fund account opening. It also doesn't charge account opening and margin money.

     

     

  6. 6. What is mutual fund redemption time at Angel Bee?

    It will take 3 working days for the redemption process if the request is placed before 2 PM. And, it will take 4 working days for the redemption request to be processed if the order is placed after 2 PM.

     

     

  7. 7. How to start SIP in Angel One?

    Angel One customers can use the Angel Bee mobile app to invest in Mutual Funds online. Angel Bee offers the facility to buy mutual funds at zero fees & charges. You can invest in SIP as well as a lump sum.

    Steps to start SIP in Angel One

    1. Login to the Angel Bee mobile app or website.
    2. Transfer funds into your account.
    3. Choose a fund of your choice.
    4. Choose SIP as an investment mode.
    5. Enter your SIP amount.
    6. Review and confirm your order.
    7. Go to the Order Book section and check your order status.

    Note

    • Orders placed before 2 pm are processed on the same day. Other orders are processed on the next working day.
    • Use a wide range of tools available to filter the funds for investment.

     

     

  8. 8. How to stop SIP in Angel One?

    You can stop your mutual fund SIP in Angel One at any time using the Angel Bee mobile app.

    Steps to stop SIP in Angel One

    1. Log in to the Angel Bee app
    2. Visit 'My Transaction'> SIP
    3. Select the SIP you want to cancel
    4. Click the Cancel button
    5. Go to the Order Book section to check the status.

     

     

Angel One Account Opening Enquiry

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Information on this page was last updated on Wednesday, October 18, 2023

Special Offer: Brokerage free equity delivery trades, free tips and flat Rs 20 intraday and F&O trade brokerage. Open Instant Account and start trading today.

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