Is ET Money a reliable platform for your mutual fund and ELSS investments?

When you choose any platform please check if they offer Direct Plans.

If not then be aware that your money will be leaking commissions upto 40% of your TOTAL wealth over the long run. How? AMCs pay brokers between 1% to 1.5% for equity funds. This leak when compounded erodes your wealth.

With ELSS funds by going with direct plans you save upto Rs 7,000 as the 3-year commissions are saved in one shot. This is assuming you invest Rs 1,50,000.

So if reliability means better growth of your hard earned money, then go with a Direct Mutual Fund Platform.