Top 5 Best Demat Account For Mutual Funds [2022] (2024)

What is Mutual Funds?

A mutual fund is an investment vehicle that brings together money from many people and invests in stocks, bonds, and other assets. This investment corpus of funds is handled by an investment professional known as a fund manager or portfolio manager. In this article, we will discuss the Best Demat Account for Mutual Funds. Generally, there are two processes to open a mutual funds account –

1. Register with an AMC

2. Invest in Mutual funds through Demat Account

Register with an AMC

An investor needs to apply with your details and investment details, make the payment, complete the KYC with sufficient proof of identity and address, and submit all details. Your account will create in just a few hours, so it depends on how fast the AMC processes it.

Invest in Mutual funds through a Demat Account

An investor needs to identify an actual depository participant, fill out the application form, submit your PAN details, submit any additional documents, and voila! Mainly it requires an in-person verification as well, after which you have submitted your account details through which you can keep the detail of all your investments.

List of Best Demat Account for Mutual Funds:

ShareKhan is one of the major full-service brokers in India. Last two decades, it has had a reputed industry presence and Rs. 46,000 crores of client’s assets under supervision. Sharekhan provides the best Demat account for mutual funds.

ShareKhan has unique pattern finder & alert tools for traders to find and specify correct stocks. Their value-added assist and embraces portfolio management, investment in mutual funds, and loans against shares.

Types of Mutual Funds in Sharekhan:

1. Equity Mutual Fund – A Primer :

EQUITY MFs are suitable for new investors who want to start investing in the stock market with a small amount. Individuals are likely to have basic knowledge about stock markets and will not have enough time to study and track stocks, and the fund manager fulfills these needs.

1. Hybrid Schemes – A primer

These are the types of hybrid funds-

Conservative hybrid fund

Balanced hybrid fund

Aggressive Hybrid Fund

Dynamic asset allocation or balanced advantage funds

Multi-asset allocation

Arbitrage fund

Equity savings

2. ICICI Direct

ICICI Direct is one of the most trusted full-time stock broker in India. They offer a wide range of services such as Mutual Fund, Equity, commodity, and currency trading at BSE, NSE, and MCX. Apart from these, they offer IPO, Fixed deposits, Bond, NCDs, wealth products, Home Loans, Loans against Securities, etc. ICICI Direct has these three brokerage plans and, they are:

1. iSecure Plan.

2. ICICI Direct Prime.

3. Prepaid Brokerage Plan.

These are the types of Mutual Funds based on Investment objectives:

·Growth Funds

· Income funds.

· Liquid funds

· Tax-Saving Funds (ELSS)

· Capital Protection Fund.

· Fixed Maturity Fund.

· Pension Fund

3. HDFC Securities

HDFC Securities is a full-service stock broking assistant of HDFC Bank. HDFC Securities has provided 3-in-1 and 2-in-1 for traders as well as investors.

The value-added bonus comprises research in advisory, loan products (auto, home, personal & education), gold, ETF, bonds, and NPS investments. HDFC Securities also provide the facility to invest in U.S. stocks.

Types of Mutual Funds in HDFC Securities:

Fund Name

HDFC Medium Term Debt Fund

HDFC Banking and PSU Debt Fund

HDFC Short Term Debt Fund

HDFC Low Duration Fund

4. SBI Securities

SBI Securities is one of the best-rated stockbrokers in India, where the customers and clients can come together and bring their trust in the brokers. The SBI Securities are decent research advisory, trade calls, loans against securities, home & auto loans, and the facility to invest in NCDs, mutual funds, OFS, and IPOs.

Types Of Mutual Funds In SBI Securities:

· Equity

· Derivatives

· Mutual Fund

· ETFs

· IPO

· Insurance

· Fixed Income

· Home and Car loan

Note – Also read our latest article about 6 things to know before investing in Mutual Funds

5. Kotak Securities :

Another well-known company in terms of the Demat account and mutual fund is Kotak Securities LTD. The company offers stock broking services and deal with financial products in India. The company has an association with the Bombay stock exchange and the National Stock Exchange. Kotak Securities offers a three-in-one account that allows investors to open Demat trading with Kotak Mahindra Bank Limited. They deal in different segments in trade in Equity, IPO, Mutual Fund ETC, etc.

Types of Mutual Funds in Kotak securities are :

• Equity Funds
• Debt Funds
• Balanced Funds
• Tax Saver Funds

Conclusion

In conclusion, this article covers the 5 significant stock broking firms that provide mutual fund services. If you are looking to invest in mutual funds, you can go to our website Kundkundtc.com and learn more about the same. Always research before investing your funds in any of the companies. If you want to know about the best mutual fund apps, read “Best Mutual Fund Apps In India“.