Fyers Mutual Fund Review

Fyers Securities launched Fyers Direct, a direct mutual fund platform, on 15th Aug 2020. The mutual fund schemes purchased on this platform are directly credited in the Demat account of investors and not in a virtual wallet like some other brokers. Fyers Direct supports ease of the transaction and allows to trade in equity and invest in mutual funds through a single Demat account.

Fyers Direct Mutual Fund doesn't charge any commission and hidden charges for accessing the platform. It doesn't have an in-house mutual fund house. All the schemes available on the platform are from other fund houses.

Key Features of Fyers Direct Mutual Fund

• Fyers Direct a dedicated mutual fund platform
• Offers direct mutual fund schemes
• Doesn't charge any commission
• Provides higher returns on investment
• Collaboration with more than 49 fund houses
• Provides smart recommendations
• Instant invest and redeem facility
• Get a list of top-performing mutual fund

Fyers Direct Mutual Fund Account Opening Process

Fyers Direct offers a direct mutual fund platform to invest in a mutual fund. If you already have a trading and a Demat account, you can activate the BSE-MF segment by log in your account. If you don't have a Demat account, you need to open it first with Fyers Securities.

Steps to open Fyers Direct Mutual Fund Account

1. Visit Fyers Direct official website
2. Click on 'Open an account' menu
3. Fill the form and click on 'Generate OTP'
4. Enter OTP and click on 'Submit' button
5. Fill your personal and bank details
6. Upload the scanned documents
7. Complete the KYC if not KYC compliant

Fyers Direct Mutual Fund Investment Platform

Fyers Direct is a web-based online investment platform to invest in a mutual fund directly. You just need to open a mutual fund account with the broker to start investing through this platform. If you are an existing investor with Fyers Securities, you will just need to activate the BSE-MF segment to start investing in the mutual fund.

Key Features of Fyers Direct Mutual Fund Investment Platform

• Choose from 49+ fund houses
• A direct platform to invest in any scheme
• Get mutual fund recommendation
• Add money using UPI, IMPS, NEFT or RTGS
• Switch one scheme to another within the fund
• Track the performance of invested funds
• Can add or reduce money at regular intervals

How to access Fyers Direct MF Investment Platform?

Steps to access Fyers Mutual Fund Investment Platform

1. Visit the official website of Fyers Direct
2. Click on 'Login' menu
3. Enter login credentials
4. Submit the form and start exploring

Fyers Direct Mutual Fund SIP

Fyers Direct allows mutual fund investment through SIP mode. Investors can choose any scheme available from different fund houses and start investing through SIP.

Steps to invest in Fyers Direct Mutual Fund SIP

1. Login to Fyers Direct using the credentials
2. Choose the scheme using filters
3. Choose investment mode as SIP
4. Enter the SIP details
5. Place the order

Fyers Direct Mutual Fund Customer Care

Fyers Direct doesn't have a separate customer support platform. You can contact Fyers Securities customer support portal for any related queries. For account opening, call on 080-45699999 in working hours. The customer support is available on 080-66251111/080-46251111. You can also mail support@fyers.in.

Fyers Direct Mutual Fund Advantages

• Offers direct mutual fund
• Doesn't charge any commission
• Fyers Direct- dedicated mutual fund platform

Fyers Direct Mutual Fund Disadvantages

• Doesn't offer in-house schemes
• Doesn't have mutual fund mobile app

Conclusion

Fyers Direct is a dedicated mutual fund platform to invest in the direct mutual fund. By investing through this platform in direct schemes, you can save on commissions.

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Information on this page was last updated on Monday, August 21, 2023