IDBI Capital Mutual Fund Review


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IDBI Direct is a retail broking and distribution division of IDBI Capital. IDBI Direct is one of the top 10 mutual fund distributors in India. IDBI Direct Mutual Fund offers regular mutual fund schemes from different fund houses. IDBI Mutual Fund is a separate asset management company that offers mutual fund products across equity, debt, hybrid, gold, and hybrid categories. IDBI Direct offers mutual funds from IDBI AMC as well as funds of other fund houses like Axis, Franklin India, HDFC etc.

Key Features of IDBI Mutual Fund

  • Offers in-house mutual funds
  • Offers regular mutual funds from different fund houses
  • Invest and redeem in one click in IDBI Mutual Fund SIP
  • Provides mutual fund products to NRIs(except Canada and the US)
  • Offers a Systematic Withdrawal Plan (SWP) to withdraw funds at regular intervals
  • Complete transparency in declaring the NAV on a regular basis
  • Offers researched-based mutual fund recommendations

IDBI Mutual Fund Online Charges

IDBI Mutual Fund Charges

IDBI Account Opening Charges

Nil

IDBI Mutual Fund AMC Fees

Nil

IDBI Mutual Fund Brokerage Charges

Nil

IDBI Mutual Fund Commission

Charges up to 2% commission from fund houses

IDBI Mutual Fund DP Charges

 

Other Charges

No transaction charge

IDBI Mutual Fund Account Opening Process

IDBI Bank offers a 3-in-1 account including bank, Demat, and trading account for the customers. The customers who already have this account can easily start investing through IDBI Direct mobile app and web platform.

And, the customers who don't have an account can open a new account as well. If you are planning to invest in in-house schemes offered by IDBI Mutual Fund, you have to open the account at online.idbimutual.co.in.

Open Account with IDBI Direct

To start investing in mutual funds of major AMCs in India, you will need a bank, trading, and Demat account with IDBI. Here is the process to open 3-in-1 account with IDBI Capital:

Steps to open Mutual Fund Account with IDBI Direct

  1. Visit the IDBI Direct website
  2. Hover the mouse on icons
  3. Click on 'Open an Account'
  4. Fill the details such as Name, Email, and mobile number
  5. Accept the t&c and click on 'Apply Online'
  6. Fill the further details and attach the documents
  7. Complete the In-person verification through webcam

Documents required for account opening with IDBI Direct Mutual Fund

  • PAN card
  • Photograph
  • Signature
  • Income Proof
  • Aadhar card linked
  • Canceled Cheque

IDBI Mutual Fund Investment Platform

IDBI Direct offers investment across various asset classes. It doesn't offer a separate platform to invest in regular mutual funds offered by different fund houses. For investing in IDBI Mutual Fund schemes, you can invest through a separate login on the online.idbimutual.co.in website.

IDBI Direct Web

IDBI Direct Web is a browser-based investment platform from where you can invest in different products offered by the broker. You can access IDBI Direct Web anytime from mobile, laptop, or desktop.

Key Features of IDBI Direct Web

  • Invest across multiple products from a single platform
  • Integrated investment platform to invest across different classes
  • Offers a wide range of regular mutual funds from different fund houses
  • Allows NRIs as well to invest in a mutual fund
  • Track the performance of MF portfolio as per the latest NAV
  • Switch from one scheme to another in the same fund house

Access IDBI Direct Web

  1. Visit IDBI Direct official website
  2. Click on 'Login to Trade' tab
  3. Fill Login credentials
  4. Start investing through mutual fund section

IDBI Mutual Fund also offers offline investment facilities. You can visit the nearby IDBI branch and fill the application form to apply in a particular mutual fund. For any assistance, you can contact a relationship manager.

IDBI Mutual Fund SIP

SIP is a disciplined way to invest in a mutual fund at weekly, monthly, quarterly, half-yearly, or yearly frequency. You can invest in multiple schemes through IDBI Mutual Fund SIPs.

Benefits of Investing in IDBI Mutual Fund SIP

  • Inculcates a habit of saving
  • Invest small amount and grow your money
  • Flexibility to choose frequency and amount
  • Easy to invest and redeem at one click

Steps to invest in IDBI Mutual Fund SIP

  1. Visit your IDBI mutual fund account
  2. Click the SIP/SWP option
  3. Choose the fund house
  4. Specify SIP amount, frequency, period, and start date
  5. Click on the Confirm button

IDBI Mutual Fund Advantages

  • In-house IDBI Mutual Fund schemes
  • Offers regular mutual funds from major fund houses
  • Offers research-based services

IDBI Mutual Fund Disadvantages

  • Doesn't have dedicated mobile app for mutual fund
  • Have to open a 3-in-1 account to invest in the mutual fund
  • No separate mutual fund account at IDBI Direct

Conclusion

IDBI Direct provides investment in regular mutual funds offered by different fund houses. It also provides research-based reports to help investors in making better investment decisions. Plus, IDBI mutual fund also provides direct mutual funds from IDBI AMC. IDBI Mutual Fund is a good choice for investors who are planning to invest with the AMC in a direct scheme. But, when you want to invest in mutual funds from different fund houses, you can only invest in regular schemes at IDBI Direct platform.

Frequently Asked Questions

  1. 1. How to purchase IDBI Direct Mutual Fund online?

    You can purchase IDBI Direct mutual funds online through the company's web platform.

    Steps to purchase IDBI mutual fund online:

    1. Login your IDBI Direct Account
    2. Select 'Mutual Fund' as a segment
    3. Make fund transfers from your bank account
    4. Click on 'Purchase Unit'
    5. Select the fund house and the scheme
    6. Click on the 'Submit' button
    7. Confirm the details and click on the 'Confirm' button

     

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Information on this page was last updated on Tuesday, October 1, 2019


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