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Angel Broking Mutual Fund Review

26.49% 1,979,094 Clients

Angel Broking 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 Broking mutual fund knowledge center to help you understand mutual fund investments better
Schemes available for all types of risk profiles
Systematic investment plan (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 Broking for mutual fund investors. The distributor doesn't charge any fee for offering mutual fund services. All the amount invested in the scheme goes for purchasing the mutual fund scheme. Angel Bee receives a commission from the fund houses. The NAV shown in the front of Angel Bee mutual fund platform includes the commission component. You don't need to pay any fee separately while investing through Angel Broking Mutual Fund.

Angel Bee Mutual Fund Account Opening Process

Angel Broking 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 Broking 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 Broking 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 Broking, 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 Broking 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 Broking 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 Broking 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 Broking 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 Broking 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 Broking 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. How to buy Mutual Funds in Angel Broking?
Angel Broking offers mutual fund services through 'Angel Bee', a dedicated Mutual Funds App. The company offers mutual funds at zero commission charges.

Steps to Buy Mutual Funds in Angel Broking
1. Download the 'Angel Bee' app on a smartphone.
2. Open Angel Broking 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 Broking'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.

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2. How is Angel Bee for mutual fund investment?

Angel Bee is a dedicated mutual fund platform offered by Angel Broking 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 Broking 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.

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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
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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.

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5. What are Angel Bee AMC charges?

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

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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.

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7. How to start SIP in Angel Broking?
Angel Broking 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 Broking
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.
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8. How to stop SIP in Angel Broking?
You can stop your mutual fund SIP in Angel Broking at any time using the Angel Bee mobile app.

Steps to stop SIP in Angel Broking
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.
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