Once you start buying mutual funds in demat form, you don’t need to be bothered about folio numbers anymore. Your DP ID is all that matters. That is actually an advantage.
About transferring money, UPI/Enach integration is currently being worked on. We should soon be able to offer same ability to debit money directly from your bank for SIP.
Yes there is Rs 50 per month, but if you use the platform and the convenience to track all your investments in one place.
Some others that I have mentioned form before
Easy SIP, start stop whenever you want without any NACH requirement. Increase or decrease SIP values at will.
NAV tracking orders. Similar to stocks, place orders to purchase or redeem funds based on NAV.
MF in demat form and hence fungible. Extremely easy to pledge and take a loan against in case of emergency.
Single capital gain statement, P&L, visualizations, and more.
MF or stocks in demat are much easier to claim by dependents (nominee of demat) in the case of death. Direct plans with multiple AMC’s would mean multiple folios, difficult to aggregate and claim.