FundsIndia Review

FundsIndia Review 2020

The times are dire and finances may look to be at a risk in the midst of the pandemic. People are losing jobs and finding new jobs seems to be a bleak possibility. These are the times when your investments serve to be of help. These are the days you prepared for; the rainy days you saved up for.

During the pandemic you might have realised the importance of investments all the more, and if you thought finances cannot ever get better, that’s where you are wrong. Markets have existed for centuries now, and have seen various ups and downs and have still managed to bounce back from the worst of crisis. This too shall pass; just give it enough time.

And while you may not have enough capital to invest at the moment, this is when you research and find out better avenues to invest when the money comes in.

About FundsIndia

FundsIndia is one of a kind online investment platform. This is where users can invest and trade across various several segments. And much to your relief, all this investing is online, so you do not even need to step out.

FundsIndia is based out of Chennai and saw the light of the day in 2009. It has managed to garner enough traction over the last couple of years. FundsIndia offers robo-advisory which is titled Money Mitr and provides automated and personalised recommendations to its users all over the nation. It estimates suggestions based on client requirements and the appetite for risk.

 FundsIndia allows you to trade and invest in the following financial products:

  • Equity
  • Mutual funds
  • Super savings account
  • SIP with insurance
  • NCDs
  • IPO

Charges that come with FundsIndia

FundsIndia has fairly reasonable prices and yet it manages to offer research and insight across various financial products. Their speciality in this matter happens to be in mutual funds and long-term equity investments.

FundsIndia may have a small platform but they have a capable in-house research unit that publishes weekly reports frequently. One caveat, however, is that FundsIndia does not offer any quick tips or recommendations or any kind of swift technical analysis. Hence, if you are into trading at an intraday basis, then you are pretty much on your own there.

FundsIndia has designed its prices to be favourable to small investors. The fact that FundsIndia does not charge any brokerage for any kind of equity turnover below ₹1 Lakh

Other charges are mentioned herewith:

Trading Account Opening Charges₹0
Demat Account Opening Charges₹0
Trading Account Annual Maintenance Charges₹200 (applicable from the second year only)
Demat Account Annual Maintenance Charges₹0

FundsIndia Margin

The brokers here offer limited exposure although the interest rate happens to be as low as 12%.

Equity deliveryUpto 5 times
Equity IntradayUpto 5 times
Equity Futures/OptionsNo leverage

In conclusion

FundsIndia is a comfortable decision to make if you are concerned about your investments. They are safe and reliable and careful about where your money is. FundsIndia, therefore, happens to be one of the safe options out there to trust your money with.

Leave a Reply

Your email address will not be published. Required fields are marked *