{"id":914,"date":"2024-04-19T05:35:14","date_gmt":"2024-04-19T05:35:14","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=914"},"modified":"2026-03-02T19:29:48","modified_gmt":"2026-03-02T19:29:48","slug":"would-it-be-better-to-invest-via-fundsindia-scripbox-or-via-brokericici-direct-etc","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/19\/would-it-be-better-to-invest-via-fundsindia-scripbox-or-via-brokericici-direct-etc\/","title":{"rendered":"Would it be better to invest via fundsindia\/scripbox or via broker(ICICI direct etc)?"},"content":{"rendered":"\n<p>Let\u2019s make this very clear. A broker is one who collects commission from the Mutual Fund company (i.e. producer). This money goes out of the you, the customer\u2019s pocket.<\/p>\n\n\n\n<p>By this definition, FundsIndia, Scripbox, ET Money are all brokers because they sell \u201cRegular Plans\u201d which take our commissions from your invested money and pass them on to the broker.<\/p>\n\n\n\n<p>As a investor, you need to be aware of the commission that is taken each your from your invested money. Every year 1% to 1.5% means that over 20 years are giving away 30% to \u201c40% of your money to the brokers.<\/p>\n\n\n\n<p>Alternative? \u2028Direct Mutual Funds. Go with an online platform which is:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>100% paperless &#8211; no signing of documents, couriering etc.<\/li><li>eKYC with Aaadhar &#8211; onboarding new investors is digital too<\/li><li>Super Convenient to use with Mobile App, Web App<\/li><li>SIPs etc are easy to setup and unlimited<\/li><li>Large selection of top Mutual Fund companies. Preferably 20+<\/li><li>Safe with your money. One who doesn\u2019t even touch your money!<br>Note: Many large brokers \u2018pool\u2019 money and then send it to the MF.<\/li><li>Helps with the tax filing reports at the end of the financial year.<\/li><li>Growing by word of mouth and user experience.<br>Note: Many brokers make enough profits (at your cost) to spend aggressively on ads.<\/li><\/ul>\n\n\n<!-- mw-cta-block -->\n\n<div class=\"mw-cta-block\" style=\"background:#EEF3FC;border-left:5px solid #1C52A0;padding:22px 26px 20px;margin:36px 0 24px;border-radius:0 10px 10px 0;\">\n  <p style=\"margin:0 0 4px;font-size:11px;font-weight:700;color:#276FC4;letter-spacing:1px;text-transform:uppercase;\">Maxiom Wealth \u2014 Free Tool<\/p>\n  <h3 style=\"margin:0 0 10px;font-size:19px;font-weight:700;color:#113E81;line-height:1.3;\">Is Your Mutual Fund Working Hard Enough?<\/h3>\n  <p style=\"margin:0 0 18px;color:#444;font-size:15px;line-height:1.65;\">Two funds with similar star ratings can deliver very different outcomes. Use our fund comparison tool to check if you&#8217;re in the right scheme for your risk profile and investment horizon.<\/p>\n  <a href=\"https:\/\/maxiomwealth.com\/resources\/calculators\/better-funds-checker\" style=\"display:inline-block;background:#1C52A0;color:#fff!important;padding:11px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin:0 10px 8px 0;\">Compare Funds \u2192<\/a>\n  <a href=\"https:\/\/maxiomwealth.com\/meeting\" style=\"display:inline-block;border:2px solid #1C52A0;color:#1C52A0!important;padding:9px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin-bottom:8px;\">Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Let\u2019s make this very clear. A broker is one who collects commission from the Mutual Fund company (i.e. producer). This money goes out of the you, the customer\u2019s pocket. By this definition, FundsIndia, Scripbox, ET Money are all brokers because they sell \u201cRegular Plans\u201d which take our commissions from your invested money and pass them&hellip;&nbsp;<a href=\"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/19\/would-it-be-better-to-invest-via-fundsindia-scripbox-or-via-brokericici-direct-etc\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Would it be better to invest via fundsindia\/scripbox or via broker(ICICI direct etc)?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,49],"tags":[],"class_list":["post-914","post","type-post","status-publish","format-standard","hentry","category-mutual-funds","category-platforms-and-demat-mutual-funds"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=914"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/914\/revisions"}],"predecessor-version":[{"id":3762,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/914\/revisions\/3762"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}