Any bank that offers direct mutual funds in their platform?

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Deal Subedar
Demon_slayer
I'm looking for a bank that let's you invest in direct mutual funds not regular mutual funds, in the bank app/website itself.

I am not looking for bank AMC like sbi contra fund.

I'm looking for banks that let you invest in direct funds(all amc). As far as I know they all only show regular funds.
Specifically looking at HDFC, kotak.

What about HDFC now or sky? Do they have direct mutual funds?


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Deal Newbie Deal Newbie
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HDFC Small Cap Fund Direct Growth is good. Invested thru HDFC mutual fund portal https://investor-web.hdfcfund.com/ I have earned 300% after 3yrs of time(invested during covid). While redemption your profit of margin should not greater than 1lakh otherwise 10% TDS will be deducted.

https://groww.in/mutual-funds/hdfc-small-cap-fund-direct-growth for reference. 

Deal Subedar Deal Subedar
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The netbanking portal itself, you mean?

Do they offer any other amc as direct funds? Like sbi, Parag etc.,?
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Deal Subedar Deal Subedar
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important point to note: 

1) direct mutual funds THERE IS NO COMBINED PORTAL under any bank (as far as i researched)

2) TO HAVE DIRECT MF'S YOU HAVE TO USE "THIRD PARTY MUTUAL FUND AGGREGATOR" LIKE "GROW APP (one of example)"

3) or visit each and every mutual fund AMC OFFICIAL WEBSITE YOURSELF AND BUY IT -> -> -> -> Best method (but hard to keep track)

4) BANKS WILL NEVER OFFER DIRECT MUTUAL FUND -> as bank runs for commission from regular MF's and not for charity of free distribution xD

Deal Cadet Deal Cadet
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5) MFU online or MF Central

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Commentator Commentator
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Banks don't offer free service. They sell only Regular funds.

Deal Subedar Deal Subedar
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But they do, all the time.


Admittedly not in this case, that's why the query.
Benevolent Benevolent
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please don't go via any bank as they do not provide any direct funds. even index funds invested thru bank will fetch high expense ratio.

use MF Centeral app/website to invest in any direct MF.
it has almost all the funds across cams& kfintech.
and it also provides lot unique features like merging folios, update details like bank, nominee, mandates, email, mobile, idcw option etc etc..

ps : mf centeral is developed cams & kfintech jointly.
Deal Cadet Deal Cadet
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Dhan, zero commission and no charge. Using it from last year.

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