The Mutual Funds Investment Thread

[TheSloth]

Man I am so much confused in between Zerodha and Groww to keep track of my long term SIP investments. Groww provides good data about the Funds if we scroll down the page which is nice. Zerodha doesn't have that. Why is Zerodha preferred by majority of people?

Several Zerodha users shared their experience on reddit about excellent data and tracking facilities from Zerodha but I am unable to find it. I did a 1k investment in MF on zerodha just to check how things look here but there is not much to see. It seems Zerodha is for people who are into Stock Trading and all that, for whom they have good graphs and data available on Console. For simple things like MFs they do not have much on their Coin or Console webpage.

I will only do SIPs in MFs. No Intraday or F&O or such things because I do not have time to learn those.
What am I missing here?

 

[rockfella]

Man I am so much confused in between Zerodha and Groww to keep track of my long term SIP investments. Groww provides good data about the Funds if we scroll down the page which is nice. Zerodha doesn't have that. Why is Zerodha preferred by majority of people?

Several Zerodha users shared their experience on reddit about excellent data and tracking facilities from Zerodha but I am unable to find it. I did a 1k investment in MF on zerodha just to check how things look here but there is not much to see. It seems Zerodha is for people who are into Stock Trading and all that, for whom they have good graphs and data available on Console. For simple things like MFs they do not have much on their Coin or Console webpage.

I will only do SIPs in MFs. No Intraday or F&O or such things because I do not have time to learn those.
What am I missing here?

Because zerodha is for trading. For mutual funds only you don't need it.. not even a demat account. Look up difference between the two.

 

[Desmond]

Zerodha actually has a number of apps for different kinds of investments. Kite is used for stock trading, Coin for mutual funds, Varsity for learning stock trading and Smallcase for SIPs. So, for mutual funds, you must be using Coin.

 

[rockfella]

Zerodha actually has a number of apps for different kinds of investments. Kite is used for stock trading, Coin for mutual funds, Varsity for learning stock trading and Smallcase for SIPs. So, for mutual funds, you must be using Coin.

Mycams and kfinkart covers all mutual funds.

 

[omega44-xt]

Man I am so much confused in between Zerodha and Groww to keep track of my long term SIP investments. Groww provides good data about the Funds if we scroll down the page which is nice. Zerodha doesn't have that. Why is Zerodha preferred by majority of people?

Several Zerodha users shared their experience on reddit about excellent data and tracking facilities from Zerodha but I am unable to find it. I did a 1k investment in MF on zerodha just to check how things look here but there is not much to see. It seems Zerodha is for people who are into Stock Trading and all that, for whom they have good graphs and data available on Console. For simple things like MFs they do not have much on their Coin or Console webpage.

I will only do SIPs in MFs. No Intraday or F&O or such things because I do not have time to learn those.
What am I missing here?

I have tried Zerodha, Upstox & Groww. My recommendation for most casual users will be Groww. It's very easy to use & the UI is pretty good. The brokerage is reasonable if you plan to invest in stocks as well.

For ease of use, IMO - Groww > Zerodha > Upstox. Zerodha loses some points according to me because it doesn't have everything at one place. Considering there's no brokerage for direct MFs, I decided to use Groww for all my MFs & their SIPs. Using upstox & zerodha for stocks. Between these two, Zerodha is slightly better IMO. 1 major con of Upstox for me is high demat transaction charge of like ~₹22 vs ~₹16 in most other brokers.

So I'll close my Upstox account later & continue using Zerodha & Groww. Groww has added multiple watchlists in the desktop version, which likely will be added in the android app soon.

 

[TheSloth]

I am aware that I don't need Demat account for MF related investments. I am comparing Coin and Groww.
So bascially Zerodha has upper hand when it comes to managing trading accounts? No extra facilities in Coin over Groww for MFs?
-----------------------
Update after above post

Yes I also liked the simplicity of Groww UI. On Coin I can't event find out which MF is good since they list all the MFs under a index based on alphabetical order. So basically I need all the info in advance about MFs and Coin is just a platform to invest in MFs.

 

[shreeux]

I have tried Zerodha, Upstox & Groww. My recommendation for most casual users will be Groww. It's very easy to use & the UI is pretty good. The brokerage is reasonable if you plan to invest in stocks as well.

For ease of use, IMO - Groww > Zerodha > Upstox. Zerodha loses some points according to me because it doesn't have everything at one place. Considering there's no brokerage for direct MFs, I decided to use Groww for all my MFs & their SIPs. Using upstox & zerodha for stocks. Between these two, Zerodha is slightly better IMO. 1 major con of Upstox for me is high demat transaction charge of like ~₹22 vs ~₹16 in most other brokers.

So I'll close my Upstox account later & continue using Zerodha & Groww. Groww has added multiple watchlists in the desktop version, which likely will be added in the android app soon.

If you have a Zerodha Demat account...Add Bluechip stocks on an SIP basis

 

[rockfella]

Keep it simple. Just look up good funds on valueresearchonline. Start SIPS in official sites of whatever mutual fund you get and you'll see it all in mycams and kfinkart. Third party apps are not needed really.

 

[whitestar_999]

I am aware that I don't need Demat account for MF related investments. I am comparing Coin and Groww.

Actually zerodha keeps your MF units also in demat account which is not the case if you invest in MF directly via MF house site.
@Desmond @omega44-xt @rockfella

 

[omega44-xt]

Actually zerodha keeps your MF units also in demat account which is not the case if you invest in MF directly via MF house site.
@Desmond @omega44-xt @rockfella

Any benefit of buying directly from MF house vs buying direct MFs from Groww or Zerodha, etc?

 

[Vyom]

Any benefit of buying directly from MF house vs buying direct MFs from Groww or Zerodha, etc?

Not much benefits. As long as you invest in "direct" funds instead of "regular" there's no difference in brokerage.
It's just that it's not recommended to hold funds in demat account (like zerodha). It's the reason I switched from coin zerodha and moved to Kuvera to invest in funds.
I like Kuvera's UI and goal planning feature.

 

[TheSloth]

Not much benefits. As long as you invest in "direct" funds instead of "regular" there's no difference in brokerage.
It's just that it's not recommended to hold funds in demat account (like zerodha). It's the reason I switched from coin zerodha and moved to Kuvera to invest in funds.
I like Kuvera's UI and goal planning feature.

Why is it not recommended?

 

[omega44-xt]

Not much benefits. As long as you invest in "direct" funds instead of "regular" there's no difference in brokerage.
It's just that it's not recommended to hold funds in demat account (like zerodha). It's the reason I switched from coin zerodha and moved to Kuvera to invest in funds.
I like Kuvera's UI and goal planning feature.

1 reason for not using demat account is AMC charges. But Groww has 0 AMC, at least for now.

 

[shreeux]

1 reason for not using demat account is AMC charges. But Groww has 0 AMC, at least for now.

Flyers...Life-Time Free AMC
Advanced User Integration in all aspects...But complicate for new users

 

[rockfella]

Any benefit of buying directly from MF house vs buying direct MFs from Groww or Zerodha, etc?

Not really. I did that back in 2017 and still do the same. Just keeps everything simple.

 

[rockfella]

Not much benefits. As long as you invest in "direct" funds instead of "regular" there's no difference in brokerage.
It's just that it's not recommended to hold funds in demat account (like zerodha). It's the reason I switched from coin zerodha and moved to Kuvera to invest in funds.
I like Kuvera's UI and goal planning feature.

Kuvera eventually gets all info from mycams and kfinkart. There is a SIP Planner by Ankit Agarwal on play store. I think it is the ultimate planner. He has even integrated taxes in his app. Check it out.

 

[TheSloth]

I also thought earlier to directly manage funds from AMC website but its hard to manage 3-4 accounts and remember passwords. Another thing is, AMC own website might vary a lot in UI terms and not be as simple as Groww or Zerodha. Then getting used to different UIs on different sites. It was better to manage everything under 1 hood

 

[rockfella]

I also thought earlier to directly manage funds from AMC website but its hard to manage 3-4 accounts and remember passwords. Another thing is, AMC own website might vary a lot in UI terms and not be as simple as Groww or Zerodha. Then getting used to different UIs on different sites. It was better to manage everything under 1 hood

That is a valid point but for some reason I always like to initiate SIPS from official website. If you ever want to pause/start new SIPs for higher/lower amount one might as well get used to their main site. Some are very simple some too complicated. Mirae is one jantar mantar site. Parag Parikh is really simple.

 

[whitestar_999]

Why is it not recommended?

Demat transactions are relatively not as fast as direct MF unit transactions especially selling so in case of selling of MF units via demat acc the money will come later compared to selling directly via MF site/non-demat way. There is also demat acc charge but it is not much.
@omega44-xt

 

[omega44-xt]

Demat transactions are relatively not as fast as direct MF unit transactions especially selling so in case of selling of MF units via demat acc the money will come later compared to selling directly via MF site/non-demat way. There is also demat acc charge but it is not much.
@omega44-xt

Any idea how late? I recently redeemed MF units from my father's SBI MF bought via SBI itself. It took almost 4-5 business days to be credited.

While purchasing MF using Groww, it takes like 3 days for it to reflect in my account.