Mutual Fund Platform Poll 2022!

MFU

I like paytm money

Purchase etfs which are better than mutual funds

Groww and Kuvera works best, tried most of it.. 

if you need referral n stuff let me know

Cams and Kfinkart

I use ETMoney since last 3 year no issue with this, and support is also good

I use MFU. 

MFUtility is a direct subsidiary of AMFI (Association for MF in India). It thus holds a unique place in the MF ecosystem — it can

• act like a RTA, able to pull from/push to the other RTAs (CAMS, KFinTech, FTAMIL)
• act as an execution platform
• act as a client-facing platform

Although this isn’t a major selling point nowadays as most execution platforms have caught up, MFUtility supports most of the AMCs you might want to invest in. A few years ago when Franklin didn’t work with most platforms, MFUtility had it on-board for everything (nowadays Franklin may not be so attractive for investors, though).

Due to it supporting everything, you have unmatched transaction visibility and options for processing. 

You can pay MFU in various ways; the easiest way to ensure that it reaches MFU on time is using NEFT/RTGS. If you know the timings on which your bank processes NEFT (generally every 30 minutes), you can make sure it reaches them before the 12/1pm cut-off. They have a tie up with banks which allows you to transfer money to a “virtual” account number which contains your CAN — and it shows up in the trace shown above within a few minutes. They also support mandate registration and netbanking, if you want.

Due to its nature, the current portfolio gets updated automatically based on the PAN. No one else can offer that, all they can do is trigger a CAS and upload it. RTA applications (myCAMS / KFinKart) have similiar privileges, but only for investments with the given RTA. All other clients platforms are only pushed updates if their ARN/RIA number is associated with the folio at the time of creation; further transactions do not affect this status. They have to talk to the execution platform and compute the net units, which requires reconciliation and hence can be error-prone when the platform is young.

Other than address details (which have to be updated at the KRA level), everything about your investments just needs to be updated in MFUtility and it will sync to every AMC/folio.

Due to the RTA-like nature, at the time of redemption you can override the bank account in which you want the proceeds to be credited.

You can have as many folios as you want, and can even choose to create new folios at the time of investment. This is useful when you follow a folio-per-financial-year strategy, as you can choose to do tax-loss/tax-gain harvesting as per your convenience. As the FIFO principle is followed when redeeming and India doesn’t have any wash sale rules, this allows you to do fine-grained optimisation which may not be as easy to implement with other platforms.

A single login in MFU can have access to multiple CANs (e.g. I have you, you + spouse, you as guardian of child) and all of them work the same way.

Read up about CaST, CaRT and CaST Triggers — they offer a lot of flexibility. As an example, I never have any SIPs set up — depending on the amount of money available after paying off credit cards, I decide to invest an X amount and do a weekly CaST for X/4 or X/5 (depending on the weeks in month), which gives slightly better averaging than a single monthly SIP. I can also tweak the proportion of investments, and it just requires setting up a transaction once per month (I have PayEzzz mandate setup; if not they will email you a reminder/payment link for netbanking).

MFUtility has been in operation for 5 years and is likely to be around for the future, which is not something you can say for the other client-facing platforms. They also have a revenue model which makes sense: the AMCs pay them for providing the services (they started out as a backend for distributors), so unless there’s a huge shakeup it’s likely to continue. That’s not the case for the competitors who don’t charge any fees, where is revenue going to come from? They will pivot and try other avenues to raise revenues, reducing focus on their core MF product 

The UI is very old-fashioned and has a lot of options — if you want a smooth flow and very good UI/UX, you won’t get it. While some people absolutely hate it, I consider the advantages and accept it as a cost of using it.

There is absolutely no reporting available. It doesn’t show you returns/details on any fund; you are expected to do your research and choose the exact fund you want to invest in. Neither does it show you the cost basis and your P&L or invested XIRR — you’re supposed to do that on your own.

Has anyone used mfcentral.com?

Cc: @dhinchakrohit @Chudiya @RaviKhanna

Groww and Paytm Money best UI and Easy to Understand. 

Also,I think It is better to arrange stocks and Mutual fund in different apps.

RankMF because of smart SIP feature.

kuvera 

scripbox

kuvera is best cz u r directly paying to clearance corporation dm for refer if needee

I used CDSL monthly statement. 

I gives all MF and Stocks Holdings.