How can mutual fund apps like Groww, MyWay, Jama, etc, provide direct funds? Are they not brokers? How do these apps earn there livelihood without commission? What’s the inside story of such apps? How safe is it to use app’s like these in question?

Jama is not a broker. It does not make any revenue from producers. The clients pay a fee to keep us going.

Safety: It is absolutely safe to use Jama.co.in and there is no catch. Your units are held with the respective AMCs and Jama integrates with 40 of them, giving you the best of choice on one platform.

Sustainability: Unlike most other platforms Jama is a subscription service with a nominal flat price for the investment and financial planning platform.

Advisory Model: HNIs can avail the personalised investment advisory service. Compared to the 1.5% per year that investors pay with regular plans, Jama cuts down the fee down by one-third or even on-sixth.

There is also an option to go for an outcome based pricing, in which the investor shares the extra profit above a hurdle with Jama. To know more you can write to help@jama.co.in

Ultimately do not fall for ‘all is free’ platforms. I have seen many which recommend equity SIPs for investors with 1–2 year time horizon. Go for a clean platform that charges a reasonable fee. After all, it is your hard earned money.