Stoxkart Mutual Fund Review


Stoxkart offers online Mutual Fund services to its customers through StoxMF, a dedicated platform. It offers regular mutual funds from different mutual fund houses. The company charges zero fees for its MF services.

StoxMF is available as a web version as well as a mobile app. The mobile app helps investors to invest and tracks their investments on-the-go.

Stoxkart has a paperless account opening process for mutual fund investments.

Note: Unlike discount brokers Zerodha and 5paisa, Stoxkart doesn't offer direct mutual funds.

Key Features of Stoxkart MF

  1. Paperless and hassle-free investing
  2. Invest, switch and redeem mutual funds easily
  3. Choose from 1000s of funds
  4. Invest either through SIP or lumpsum
  5. Invest across equity, debt and hybrid categories
  6. Dedicated Mobile app for investing on-the-go
  7. Plan your goals
  8. Facility to create an online mandate for SIPs
  9. SMC Portfolio Health Check-up for investment assistance
  10. Mutual fund units credited to your Stoxkart demat account
  11. Monitor and control your investments

Stoxkart Mutual Fund Account Opening Process

To start investing with Stoxkart Mutual Fund, you need to signup with StoxMF.

Register with Stoxkart Mutual Fund in Four Steps:

  1. Visit the company's website
  2. Click on the 'Buy MF' button on the top right side
  3. Click on 'Signup' link at the bottom
  4. Enter basic details like name, email, mobile number and PAN number etc., and click on get OTP
  5. Enter the OTP received on your mobile number
  6. Upload required documents

Stoxkart Mutual Fund Investment Platforms

Stoxkart allows investing in mutual fund schemes through its website and mobile app. The schemes offered on both platforms are the same. Here are the investment platforms offered by Stoxkart Mutual Fund:

1. Stoxkart Invest Mobile App

Stoxkart Invest app helps Mutual Fund investors to manage their investments from anywhere.

Key Features of Stoxkart Mutual Fund mobile app:

  • Buy, sell and switch mutual funds
  • Goal-based investment planning
  • Check latest NAVs
  • Access to fact sheets of all available schemes
  • Get scheme recommendations
  • Plan your investments with MF calculator

Download Indira MF Planet Mobile App

Stoxkart Invest can be downloaded with the following steps:

  • Visit Google play/ App store
  • Search for Stoxkart Invest App
  • Click on install
  • Login to invest

2. Stoxkart Mutual Fund Website

You can also invest in Mutual Funds on the Stoxkart website. Stoxkart Mutual Fund Website has the same features as the mobile app.


Stoxkart Mutual Fund Customer Care

Stoxkart Mutual Fund provides online customer support. You can contact the customer care through email, call and chat support.

For any mutual fund related queries:

  • Support Email: contact@stoxkart.com
  • Support Phone Number: 1800-11-3331
  • Chat on the website by clicking the 'Help' button

Stoxkart Advantages

  • Dedicated mutual fund platform
  • Completely online process
  • Zero fees on Mutual Fund services
  • Goal-based investment process
  • Scheme recommendations and reports

Stoxkart Disadvantages

  • The mobile app is not available for iPhone users.
  • Doesn't offer direct mutual funds.

Conclusion

Stoxkart Mutual Fund offers regular mutual fund schemes to its customer. While the company makes investments easy and hassle-free for customers, regular mutual funds are expensive in comparison to direct mutual funds offered by other discount brokers like Zerodha and 5paisa.

Stoxkart Special Offer

No Profit. No Brokerage

Get free equity delivery trades and pay flat ₹15 brokerage for Intraday only when you make profit. Get up to 25x exposure with CO/BO. To open an account with Stoxkart, simply Request a callback.

Frequently Asked Questions

  1. 1. How is Stoxkart for mutual funds?

    Stoxkart offers a dedicated platform StoxMF for online Mutual Fund services. The company offers regular mutual funds from several reputed mutual fund houses. The company charges zero fees and commissions for its online mutual fund services.

    You need to open an account in Stoxkart to invest in MF through it. It's a paperless account opening process. StoxMF is available as a website as well as a mobile app. Both platforms allow investors to invest and track their investments in addition to offering various tools like SMC Portfolio Health Check-up for informed buying decisions.

    Unlike other discount brokers Zerodha and 5paisa, Stoxkart doesn't offer direct mutual funds that offer higher returns in comparison to regular mutual funds. Investors can earn 1 to 2% higher return in direct mutual funds due to low expense ratio.

     

  2. 2. How to buy Mutual Funds in StoxMF?

    You can buy mutual funds in StoxMF using its website or Stox Invest mobile app. Both platforms are available for free.

    Steps to buy Mutual Funds in Stoxkart

    1. Login to your StoxMF mobile app or website.
    2. Transfer funds your bank account to Stoxkart.
    3. Search for the funds or choose from the recommended funds.
    4. Enter order details like the number of units, SIP or Lumpsum.
    5. Review and confirm your order.

    On successful order placement, the mutual fund units will be credited to your demat account.

     

  3. 3. How can I sell my mutual fund in Stoxkart?

    You can sell your mutual funds through the StoxMF website or Stox Invest mobile app. The mutual fund redemption can be done fully or partially.

    Steps to sell the mutual fund in Stoxkart

    1. Login to your StoxMF account on website or app
    2. Go to your 'Portfolio' page
    3. Select the fund you want to sell from your investments
    4. Enter order details like the number of units, price etc.
    5. Review and confirm your order

    Note: Some funds like tax-saving funds have a minimum lock-in period. You cannot sell or redeem these before the lock-in period. Please check if your mutual funds are eligible for redemption before placing an order.

     

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Information on this page was last updated on Tuesday, July 14, 2020


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