ALTERNATIVE PROBLEM COST YOU PAY
Brokers, ‘Advisors’ & Banks They charge high commissions
  • 1% Yearly 1.5% upfront
  • ~40% of Total Wealth in long run
Apps and Websites They are also Brokers!
eg: FundsIndia, ETMoney, ICICI Direct, Scripbox, Fisdom, Groww, Investica and more
  • 1% Yearly 1.5% upfront
  • ~40% of Total Wealth in long run
Mutual Fund (or AMC)
Website
No selection. No advisory. No tracking! No Tax planning.
Multiple login/passwords.
  • Could be stuck with poor performers for a long time.
  • May pay higher taxes.
Direct Mutual Fund Platforms -same as above-
eg: MyCAMS, goMF, MFUOnline
 – same as above-
Other Direct Fund Apps High fees, Poor followup, Some require Demat
eg: Bharosaclub, OROWealth, Clearfunds, Zerodha etc
  • Very high subscription fees
  • Per transaction cost models
  • May not have advisory