Here is a pointed answer with ELEVEN features (all SIP related), on the Best SIP platform.
- Firstly helps you invest in Direct Plan Mutual Funds. This alone can get you 40% more as broker commissions are nixed!
- Support automated debit of SIP from your bank account (basic feature)
- Support pay as you go SIPs so that you can decide each month if you want to pay or not.
- Support SIP mandate registration through Net Banking
- If you do not have Net banking, then allow a mandate to be setup with your Aadhaar linked bank account
- Allow you to cancel the SIP at any time, if you wish to.
- Help you setup Systematic Transfer Plans (STP) which acts like an SIP but transfers a fixed amount from one fund to another
- Helps you import SIP purchased units in regular plans to direct plans, there by getting you an extra 40% on your portfolio.
- Setup SIP on webapp or on a mobile app.
- Help track the SIP performance and make any course correction if required
- Have an SIP calculator to project SIP performance. A related Goal tracker that helps calculate the SIP required to meet a goal.
Other aspects such as best selection, ranking, analytics and advisory support should also be considered. This will make the site and app ‘best’ for investing in direct mutual funds through SIP.
Do check out jamawealth.com since it meets all these criteria with a web app, Android app and iOS app.
