Introducing FYERS Direct

Invest In Best Direct Mutual Funds In India | FYERS Direct

We’re really excited to announce the launch of our Direct mutual funds platform “FYERS Direct” to the investing community on the 74th Independence day of India. To further our aim of increasing capital market penetration and to enable savings without incurring recurring fees or commission of up to 1.5% of the investment amount for all investors.  We thank the capital market regulator, Securities and Exchange Board of India (SEBI), for allowing the exchanges & depositories to make it happen seamlessly.

The platform is crafted to cater to your mutual fund investments in the best way possible. Mutual funds purchased on FYERS Direct will be credited directly to the clients’ demat account and not in any virtual wallet unlike many other platforms out there. Through FYERS, you get the convenience of accessing a holistic portfolio across direct equity and mutual funds. Clients can either trade and/or invest in multiple financial instruments through a single demat account, supporting the ease of transactions. Demat accounts are comparatively safer than other alternatives due to timely notifications related to account transactions, which are made available via email or a simple phone call to our support team.

Why Direct Mutual Funds through FYERS Direct?

It is common knowledge that money saved is as good as money earned. In the current scenario, with effective real rate of returns being negative due to high inflation, it has become imperative to invest smartly and to stay informed of finances. But, did you know that you could be smarter and savvier with investing in a direct mutual fund plan?  Regular as well as direct mutual fund schemes are the two options to invest in any equity or debt mutual fund scheme, actively managed by fund managers. A crucial difference between the regular and direct plans is that, in the case of a regular plan, an AMC or fund house pays a regular commission to a mutual fund distributor as distribution expenses or transaction fee out of your investment corpus. Whereas, direct mutual fund plans do not have any provisions of commission to the dealer or distributor and hence, in comparison, direct plans offer higher returns. A detailed comparison between Regular and Direct Mutual Funds  – Regular Vs Direct Mutual Funds – Which Is Better?

A direct mutual fund scheme provides higher returns for your investments, as the expense ratio of a regular mutual fund plan is approximately two times more than the corresponding direct mutual fund plan. The expense ratio is essentially an annual fee deducted by all fund houses from the unit holders’ assets as part of the operational cost of the scheme. This operational cost includes commission fees, record keeping, taxes, legal expenses and accounting. The commission fee paid to the distributor of the fund is the largest expense of operational cost.To understand better, let’s take a look at an example.

How to get started?

Investing in any direct mutual fund scheme through Fyers Direct is extremely simple. If you have a Trading and Demat account with us, please make sure the BSE-MF segment is active by logging into the Accounts (Backoffice) section. If you don’t have a Demat account you will need to open one with us. For more information, visit our Support Portal.

1. Login to Fyers Direct using your Fyers account credentials.

1. Explore the top-performing schemes from 49+ AMCs and filter them based on the returns for the period, types, sectoral/themes or the fund house.

1. Choose the type of investment i.e. lump sum or SIP, enter an amount for the transaction and place the order. Note: Lumpsum amount will be debited from your trading account.
2. That’s it, successful orders will be reflected on the dashboard. You can track the performance of invested funds and also add more at regular intervals.
3. For Bank mandate, SIP investments or MF related queries, you can visit our dedicated section of support articles for the Mutual funds.

We would be delighted to support your financial investments at all times, and look forward to your patronage and an exciting journey of investing in mutual funds through FYERS Direct!