Firstly we need to segregate platforms based on Direct and Distributor. So FundsIndia, Upstox etc that you have mentioned are distributor platforms. If you know what funds to buy, using a distributor platform is quite foolish. Your investment will return so much more if you invest directly in the long run.
Between MFU and say Coin (by Zerodha/us). Why coin, when MFU is free and we charge Rs 50/month after first 25k of investments?
-
A much better user experience. We should very soon have the option to invest into SIP from your bank accounts directly. We are going to launch a really cool coin mobile app. I might have a vested interest, but I’d say there is no comparison.
-
MFU doesn’t have a business model. Such ventures, I guess like you’d know can’t be sustainable and keep pace with all the new things happening in the world.
About why demat to non-demat.
- Pledging units to take a loan is seamless and easy.
- Transferring units between platforms is extremely simple.
- If you have friends who have inherited mutual funds units in non-demat, do speak to them. It is extremely tough. In demat mode, all units go to the nominee without any hassle.
Yes there is Rs 5.5 as DP charge everytime you redeem and Rs 50/month. But, this is like 2018, a tender coconut costs like Rs 35. I mean, if Rs 50/month is so much, then maybe yeah, MFU will be a better idea.