Thanks for the A2A and Request.
The answer depends on what you mean by safety! Mutual funds are designed to be safe with tight KYC regulations, amit money laundering laws and direct transfer from investors bank account to the mutual fund.
Every Mutual Fund Scheme (there are thousands) come in TWO plans – Direct and Regular. If you do NOT invest in “Direct Plans” then the agent/broker takes upto 1.5% commission yearly (they are paid monthly).
Seems small. But over a career you give away 40%-50% of your total investment (not just initial amount) as this compounds. Guess what, even if markets dip, this commission stream flows endlessly.
There are many great apps out there (I am sure this one such), but as an investor, please be safe with your investment and profits.
