If you get Rs 7,000 off in commissions in one shot, isn’t it a great deal?
The best platform to buy a tax saver mutual fund is one that is:
- Has only Direct Plan mutual funds. If you invest Rs 1.5 lakhs in ELSS funds, you are saving about Rs 7,000 off in commissions. Your Direct Plan mutual fund will have Rs 7,000 more than your friend who went through a broker for the same fund.
- Is able to support and advise you so that your investment journey is smooth. Brokers scare people from direct plans saying that ‘you are on your own’ which is blatantly false!
- Helps you invest in SIPs smartly. Read more: Ram Medury’s answer to What is the best site or app for investing in direct mutual funds through SIP?
