Moneyfront – An Online Platform That Helps You To Invest in Mutual Funds Without Any Middleman
In 2013, SEBI introduced a new concept of investing in Mutual funds. Aptly named as ‘Direct plans’ it offers an alternative to investment in mutual funds where investors can skip the middlemen and invest directly with the fund house. An investor friendly option, Direct plans enable the investor to earn up to 1.5% more returns on their investments, because the distributor commissions are not deducted from the invested values.
However, despite its benefits the awareness regarding Direct plans of mutual funds is really low. Few who are aware perceive it to be a time consuming and complicated task.
“One of the advantages of Direct Plans is that these come with a lower expense ratio.”
The Solution
MoneyFront is a key to the act of investing in MFs through direct plans. Being new in the ma...