News From Press Free online MF platforms reduce costs but watch out for cross-selling, promotion

Free online MF platforms reduce costs but watch out for cross-selling, promotion

Most online MF platforms make money by cross-selling other products and services.

Mint Jul 29, 2020

Over the past two-three years, online mutual fund platforms offering direct platforms have seen rapid growth. Platforms such as Paytm Money, Zerodha Coin, Groww and Kuvera do not charge anything for mutual fund investments, and the direct plans they sell do not pay out commissions.

Click here to read more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Amfi stock classification: Multibaggers BHEL, NHPC, 5 more stocks to likely turn largecaps

HDFC Manufacturing Fund raises over Rs 9,500 crore

Retirement MFs: Equity allocation, flexible withdrawal options key benefits

Mutual funds take Rs 10,000 crore contra bet on sleeping giants Kotak, HDFC Bank

Individual investors' share in mutual fund AUM surges 44% in a year; equity schemes find more takers, shows AMFI data

Elections and Volatility: Should you opt for Equity Savings Fund amid market ups and downs?

How to choose a good mutual fund distributor: A comprehensive guide for investors

Small-cap MFs to take more time to liquidate

SEBI offers relief on KYC compliance norms for mutual fund investors

Non-life insurance premium up nearly 16% at Rs 29,561.82 cr in April

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

1 Comment

PRASHANT · 3 years ago `

I am not ready to accept that these platforms are doing anything for free. There would be a secret agreement between them and AMCs to compensate them in one way or the other. There is a dire need of thorough investigation in entire financial sector by an impartial and neutral body or group. The entire financial sector in a very big mess and the individual investors especially retail investors. Banks mis-sell and lend the money to all the wrong people. Mutual funds shut their funds and block so many investors money and regulator with the agreement of the regulator. NBFCs only few are good and the biggest of them have already declared scam. Real estate is in a big mess.

All of these are because of the greed of these companies or banks or NBFCs or real estate players.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

How many seats will the BJP led NDA win in 2024 Lok Sabha election?

351 or above

276 to 350

201 to 275

200 or below

EVENTS FORUMS