Mutual funds are one of the most popular and convenient ways to invest in the stock market. They offer diversification, professional management, liquidity and tax benefits. However, choosing the right mutual fund for your portfolio can be a daunting task, especially if you are new to investing, have limited time and resources, or are confused about choosing from the several investment platforms available, such as Zerodha, Upstox, Angel One, and Groww.
That’s where Shoonya by Finvasia comes in. As a reliable investment partner, offers zero-brokerage trading on stocks, derivatives, currencies, commodities, mutual funds, SIPs, bonds and ETFs across NSE, BSE, MCX and NCDEX. The platform also provides a range of tools and features to help you research, compare and invest in mutual funds with ease and confidence. In this article, we will explore some of the factors that make Shoonya by Finvasia the ideal partner for your mutual fund investing:
1. Savings on commissions and fees
Unlike other investment platforms that charge commissions and fees for buying, selling or switching mutual funds, Shoonya by Finvasia charges zero commissions on all mutual fund transactions. This means that you can save more money and earn higher returns in the long run. The platform also has zero account opening charges, zero demat AMC charges and zero minimum balance requirements, freeing investors from the worry about any hidden or recurring costs for maintaining their account.
Shoonya by Finvasia is one of the few non-bank clearing members in India that clears and settles trades executed by trading members (TMs) and foreign portfolio investors (FPIs) in equity, futures options and currency derivatives segments of NSE and BSE. This means that investors don’t have to pay any clearing charges for trading on these segments.
One of the best ways to invest in mutual funds is to opt for direct mutual funds, which are purchased directly from the fund house, without any intermediaries or distributors. Shoonya by Finvasia is one of the few platforms in India that offers direct mutual funds to its customers. With Shoonya by Finvasia, you can access a wide range of mutual fund categories such as equity, debt, hybrid, liquid, tax saving, balanced, etc. You can also filter and sort the funds based on various parameters such as NAV, returns, risk, ratings, etc. The platform also allows you to invest in government, corporate and gold bonds.
2. Diverse investment modes accessible anytime
Shoonya provides a powerful multi-asset platform that is available on desktop, web and mobile devices. You can access a range of technical and fundamental analysis tools, historical data, charting tools, option chain and screeners on Shoonya. You can invest in lump sum or SIP mode through the web or mobile app anytime. Redeeming or switching your funds online, and tracking your portfolio performance and transactions history is also a breeze with Shoonya’s client portal PRISM.
3. An investment partner that stands out
One of the most popular and lower risk instruments in the market, mutual funds allow investors to gain access to a wide array of investments/companies, which increases diversification. They also carry lower risk because of that fact as opposed to investing in just a few stocks. Moreover, mutual funds are professionally managed by fund managers who have expertise and experience in tracking market movements and selecting the best investments for your portfolio. Investors also get regulatory safety from the Securities Exchange and Board of India (SEBI) which oversees the functioning of mutual funds in India Shoonya by Finvasia is not the only platform that offers mutual fund investing in India. There are other platforms like Angel One, Zerodha, Upstox and Groww that also provide similar services. However, Shoonya has some distinct advantages over them:
● Zero commissions: Shoonya charges zero commissions on all mutual fund transactions while other platforms charge commissions ranging from Rs. 20 to Rs. 100 per executed order or a percentage of the investment amount.
● Zero clearing charges: While other platforms may charge clearing charges depending on the volume you trade, Shoonya charges zero clearing charges for trading on NSE & BSE.
● Zero maintenance charges: Some investment platforms charge account opening charges ranging from Rs. 0 to Rs. 699, demat AMC charges ranging from Rs. 0 to Rs. 450 per year. At times, there are certain minimum balance requirements are also involved, ranging from Rs. 0 to Rs. 10,000. A trading account with Shoonya comes with zero account opening charges, zero demat AMC charges and zero minimum balance requirements.
● Variety of products: As a holistic investment partner, Shoonya by Finvasia offers a wide range of products for trading and investing across multiple segments and exchanges while other platforms offer limited products and segments.
● Cutting-edge technology: Offering next-level convenience to the investors, Shoonya provides a powerful multi-asset platform that is available on desktop, web and mobile devices, in contrast to other platforms that offer basic web and mobile platforms.
Shoonya by Finvasia is a one-stop solution for all your trading and investing needs. Whether you are looking for commission-free trading or hassle-free mutual fund investing, Shoonya has it all. With Shoonya’s SMART portal, you can find the right mutual fund for your portfolio with ease and confidence.
So, what are you waiting for? Open your free account with Shoonya by Finvasia today and start investing in mutual funds!