Ram Kalyan Medury

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… Read More »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?

What would be the difference in returns if I opted for a mutual fund without close end against the same policy with 3 years lock in period (elss)?

Ideally the difference should be nil; however this depends on the extent of commissions that are front loaded into the respective schemes. Close ended funds… Read More »What would be the difference in returns if I opted for a mutual fund without close end against the same policy with 3 years lock in period (elss)?

How do I explain the deductions happening because of expense ratio each year when investing for the long term in index fund or top rated mutual of that category?

The expense ratio goes to paying the fund manager costs, marketing, overheads and the distributor if there is one. If you keep it low, your… Read More »How do I explain the deductions happening because of expense ratio each year when investing for the long term in index fund or top rated mutual of that category?