Top 5 Mutual fund platforms for SIPs in India

Searching for the right Mutual Fund platforms which can advice you and make your Mutual fund investment process simple? Read to know the online platforms from where you can do not only multiple SIPs but also multiple types of SIPs. Know what all services they provide and why you should sign up for their services.

There is no denying fact that the mutual funds in India have become a juggernaut. The investors in India have spent around $10.3 billion through the SIP route, with massive inflows into the equity market. Inflows in SIP stood around $1.1 billion in March, the highest ever for the month. The fast pace of growth in SIP points out towards the fact it is one of the easiest ways to enter the stock market. But the question arises what are the best platforms to invest in the mutual funds.
But before that, let's make you clear that there are two kinds of mutual funds existing in the market—Direct Plan and Regular. In mutual fund dictionary, direct plans refer to those in which the investor needs to adhere to all the documentation procedure by himself, he needs to research and build the portfolio and the records are not centralized.

But in order to reduce the disadvantages, there are a few platforms in India that have been constructed to facilitate the investors. In a similar way, there are various platforms for transacting regular mutual funds too. While some website charge flat rate for providing the services and other may charge on a transaction basis, depending upon the customer requirements. Here, in this article, we provide you top 5 mutual fund platforms, which can help you to select mutual fund scheme based on the performance and investment style.


Creating a mutual fund basket is a cumbersome job for an average investor. Some investor may know how to select equity-based mutual funds but they struggle to put together all of them to create a mutual fund portfolio based on the risk appetite and quantum of investment. Hence, Funds India offers the cherry-picked portfolio for the investors of different risk appetite. The platform understands your financial goals and expectations from the investment. What separate this platform from others is the personalized recommendation from the robo-advisor Money Mitr along with their dedicated advisors. They offer you a wide range of services including the building of mutual fund portfolio, equities, SIP with help of insurance, corporate FD.


When it comes to managing personal finance, most of us become over-confident. We go by the past experiences and the lessons that we think are valuable. We don't want someone to be in charge of our financial decision. When someone tries to recommend us about the same, we become sceptical. While people prefer to rely heavily on the current information imposed on the newspaper or television or social media, but they forget about the stock fundamentals, its parameters, its history. Scrip Box is an online platform that helps the investors to select their mutual fund schemes depending upon their financial goals. They pick up the funds with a great caution, monitor and review the schemes periodically, keep an eye on the tax liability and help you to align with your goals. They have a scientific process to select and filter the funds. They not only help the investor to manage the funds but also assist them in the risk management.

Aditya Birla My Universe

While the outlook for the Indian mutual funds is to remain unclear in 2018 ahead of the state elections and national elections in 2019, it is pertinent to select a fund house that can offer you products layered with safety as compared to plain vanilla products. Aditya Birla My Universe is one such fund house that can help you to create SIP portfolio, tax saving portfolio, customize the portfolio, and help you to adhere to the mandatory KYC norms. Definitely, it covers a wide range of mutual fund services under one roof. The company is backed by the expert financial planners and chartered accountants that can help the investors to erode volatility.
The company also offers you the facility to load your KYC documents online. The documents are further verified over the video conferencing.

ICICI Direct

Small cap stocks have generated more wealth than equity mutual funds in the last one year as compared to mid- caps and large caps. More than 30 million small-cap stocks have become a hotbed of gossip among the fund managers, as the returns zoomed up to more than 1000% in just a year's time, but how to choose a portfolio that can offer returns and safety is always a matter of concerns for the investors. Hence, ICICI has recently launched its online service that helps the investor to learn about different mutual schemes online. They also help the individual to adhere to the documentation procedure and KYC guidelines. If the investor doesn't offer the full details, the company sends an executive on the door to door basis to complete the formalities.

MF Utility

Recently, RBI announced monetary policy wherein it kept the key rates unchanged in its policy review. The banking regulator maintained a repo rate of 6.00 percent and reverse repo rate of 5.75%. The decision surprised the stock market and the investors alike- the questions bombarded in their mind where to invest and how much to invest. Platforms like MF Utility offers the solution to the investors on how to manage the cash flow in a better manner. The investor can open the account online, submit the documents and get access to the best mutual fund portfolio. They even offer mobile apps for ease and convenience.


These online platforms are boon to the customer as they help them to take the informed decision. They ask investors their risk appetite and based on that recommend the funds in each category to build their portfolio. They also do research about the risk assessment of the customers. If someone is still confused, they offer the direct call-up facility to the advisor. In the end, we would like to conclude that the key to success of the online platform is convenience and speed. These service providers offer them all.

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How to select a good mutual fund to invest in with SIP?

Thinking about starting your investments in Mutual funds? No doubt that this is one of the best steps you are going to take towards wealth creation but like many other industries, Mutual Funds require some learning to do the right sort of investment according to your goals. Read our article to know which Mutual fund to select to start your SIP in.

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