Karvy Mutual Fund Review


-46.57% 129,971 Clients

Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.

Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.

Karvy Customers,

Need Help Moving to Another Broker?

Karvy Stock Broking, the broking arm of Karvy Group offers mutual fund investment services. It works as a mutual fund distributor for various AMCs and offers their scheme to its customers. The company offers 3000+ funds of 35+ mutual fund houses.

Karvy doesn't charge any brokerage, handling charges or hidden fee for mutual fund investments. Karvy Nivesh is a dedicated mobile app for mutual fund investment offered by the company.

Karvy also offers mutual fund services to NRI customers.

Key Features of Karvy Mutual Fund:

  • Hassle-free Paperless Investment
  • 3000+ funds of 35+ mutual fund houses
  • SIP, Lump sum and New Fund Offers (NFO)
  • Offers investment across more than 35 AMCs
  • Provides expert advice on mutual fund investments
  • Research Reports (Existing Schemes, NFOs, Performance Reports, etc.)
  • Portfolio Rebalancing (based on market conditions and ongoing trends)
  • Offers single click mutual fund investment facility
  • Zero brokerage charges, handling charges, AMC
  • Presence across 29 states

Karvy Mutual Fund Online Charges

Karvy Mutual Fund Charges

Karvy Account Opening Charges

Nil

Karvy Mutual Fund AMC Fees

Nil

Karvy Mutual Fund Brokerage Charges

Nil

Karvy Mutual Fund Commission

Charges commission 1% to 1.5% for regular mutual funds

Karvy Mutual Fund DP Charges

 

Other Charges

 

Karvy Mutual Fund is an AMFI (Association of Mutual Funds in India) registered distributor in India. It doesn't have in-house mutual fund schemes. All the schemes offered on the platform are from different fund houses. Karvy doesn't charge any brokerage, handling charges or hidden fee for mutual fund investments.

Karvy Mutual Fund Account Opening Process

Karvy offers a free mutual fund account opening facility. Karvy Online Mutual Fund account opening process takes only 5 minutes to open an account. You need to keep the following documents ready to start mutual fund investment quickly:

  • PAN
  • KYC compliant
  • Bank account (net banking)
  • Canceled cheque leaf with MICR and IFSC code/ bank account statement/ passbook.

If you are not KYC compliant, you will need the following documents to complete KYC with Karvy Mutual Fund. It is a one-time process that is valid while investing with other fund houses, and distributors.

Documents for KYC process:

  • Passport size photograph
  • Proof of identity (PAN card/UID (Aadhaar)/passport/voter ID/driving license)
  • Proof of address (passport or driving license or ration card etc)
  • Self-attested copies of all along with in-person verification is done

Karvy offers eKYC where you need to register online and become KYC compliant. After KYC is done, you can open an online or offline account with Karvy AMC. You can open an online account with Karvy by visiting the official website and click on Open New Account. Further, you need to follow the process for account opening.

Karvy Mutual Fund SIP

Karvy Mutual Fund provides one-click investment in any scheme. You can use either lump sum or SIP mode of investment option.

Steps to start SIP with Karvy:

  • Login to Karvy Online Investment Account
  • Click on invest tab
  • Pick your mutual fund scheme
  • choose a mode of investment as SIP
  • Choose the details about SIP investments
  • Choose Payment Mode as Net Banking/Debit Card/ UPI/NACH Mandate
  • Click on Start SIP

Karvy Mutual Fund Investment Platform

To manage your mutual fund investment online, Karvy offers online investment platforms. Karvy offers a dedicated web-based investment platform and Karvy Nivesh mobile app. You can choose any investment platform as per your flexibility and start investing in mutual funds.

Karvy Mutual Fund Web (Karvy Value)

Karvy's online investment platform can be accessed through any web browser. You don't need to install or download anything to access this platform. You simply need a Karvy Mutual Fund account to access the website.

Key Features of Karvy Mutual Fund Web:

  • Intelligent algorithms to recommend the best-suited plans
  • Switch your old paper-based mutual fund investments to digital form
  • More than 35 fund houses and 3000+ schemes
  • Completely safe and secure platform
  • No transaction fee for using the platform
  • Use financial planning calculator to do goal-based investing
  • Invest through SIP or lumpsum mode
  • Monitor your investments online

Login Karvy Mutual Fund Web:

  • Visit Official website of Karvy Mutual Fund at karvyvalue.com
  • Click on Login here link
  • Enter PAN or Mobile number as login id
  • Enter password
  • Click on Login to access the platform

Karvy Nivesh mutual fund app

Karvy Nivesh Mobile App is designed to manage mutual fund investments. It is simple, convenient and easy to use mutual fund application.

Key Features of Karvy Nivesh Mobile App

  • Offers more than 3000 mutual fund schemes
  • Real-time investment in mutual funds
  • Buy, sell, redeem, and invest through a single platform
  • Get quick solution to your investment-related queries
  • Easy tracking of mutual fund investments
  • Single click investment facility

Download Karvy Mutual Fund App

  • Visit Google Play store
  • Search Karvy Nivesh Mutual Fund App
  • Click on the first option from a search query
  • Click on the Install button
  • Login through Karvy Mutual Fund account details

Karvy Mutual Fund Customer Care

You can contact the Karvy mutual fund customer care team at 1800-425-8282 and email at assist@karvy.com. An online chat option is also available on the website to assist customers.

Karvy Mutual Fund Advantages

  • Offers more than 3000 schemes from 35 fund houses
  • Provides dedicated web and mobile-based investment platform
  • Doesn't charge account opening and brokerage fees
  • Get research reports and expert recommendations

Karvy Mutual Fund Disadvantages

  • Doesn't offer direct mutual funds
  • Only offers regular mutual funds that have a high expense ratio which reduces profits.

Conclusion

Karvy makes it easy for you to invest in mutual funds by offering 3000+ funds from over 35+ fund houses. Dedicated web and mobile platforms make it easy for investors to invest online. It also offers research reports and recommendation service that helps customers in finding the best-suited schemes. With physical presence across 29 states, you can avail branch services if required.

Frequently Asked Questions

  1. 1. How to check mutual fund statements in karvy?

    Investors are required to place requests for mutual fund statements to Karvy. You can place this request on any of the investment platforms offered by the company. The statement will be sent in your registered mail id.

     

  2. 2. How can I track my mutual fund with Karvy?

    You can track your mutual fund investments online. Following steps will help you track your investment portfolio:

    • Visit Karvyonline.com
    • Click on Manage Your Portfolio tab
    • Click on Track Now button available at the bottom of the page
    • Enter the client code, PAN, and Mail id to track your mutual fund investments

     

Karvy Competitors Review

Information on this page was last updated on Saturday, June 6, 2020


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