FundsIndia Review 2024: Is FundsIndia Registered With SEBI?

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fundsindia_review

FundsIndia Review 2024: In the digital era of finance, where investment opportunities day by day arises, choosing the right platform can be a difficult task. For Indian investors, FundsIndia has emerged as a prominent contender, promising a seamless and comprehensive investment experience. But before you dive headfirst into this financial realm, it’s crucial to ask, “Is FundsIndia registered with SEBI?

SEBI, the Securities and Exchange Board of India, stands as the guardian of India’s financial markets, ensuring investor protection and market integrity. A SEBI registration serves as a testament to a platform’s credibility and adherence to regulatory norms. So, is FundsIndia a SEBI-registered entity?

In this review we must talk about it’s brokerage charges, AMC Charges, Products and Services, Investment options & Plateforms and also consider their customer service. To know that please read the complete article.

About FundsIndia

Founded in 2009 by C.R. Chandrasekar and Srikanth Meenakshi, FundsIndia has established itself as a leading online investment platform in India. With over 14 years of experience, FundsIndia has consistently strived to enhance the investment experience for its users. The platform provides access to a wide range of investment products, including mutual funds from top fund houses, stocks from the BSE and NSE, corporate fixed deposits, and more.

FundsIndia Key Features

  • Top-performing mutual funds selected by our experts
  • Unlimited personalized advice from certified investment advisors
  • Secure transactions with 256-bit encryption
  • Invest for your entire family with one login ID
  • Free-for-life account with no fees

Also Read: Top 10 Best Mutual Fund Investment Apps in India in 2024

FundsIndia Products and Services

Funds India offers a variety of products and services to help you achieve your financial goals. Whether you’re looking for mutual funds, stocks, fixed deposits, or NPS, Funds India has something for everyone.

Mutual Funds:

  • Goal-based advice: Get personalized guidance to match your investment objectives.
  • Instant recommendations: Find suitable mutual funds based on your risk profile and goals.
  • Flexible SIPs: Invest regularly at your own pace.
  • Portfolio insights: Monitor your investments easily.
  • Tax benefits: Enjoy tax deductions with ELSS.
  • Power SIP: Invest more in market dips.
  • Expert research: Access in-depth reports for informed decisions.
  • Handpicked funds: Explore high-performing options.

Stocks:

  • BTST strategy: Capture short-term price movements.
  • Equity baskets: Manage stock investments efficiently.
  • Active portfolio monitoring: Stay informed about your holdings.
  • IPO participation: Gain early access to promising companies.
  • Equity research: Make informed stock picks.

Fixed Deposits:

  • Varied options: Choose tenures and interest rates to suit your needs.
  • High-quality FDs: Select from reputable issuers.
  • Safety and returns: Enjoy stability and attractive yields.

NPS:

  • Tax benefits: Avail deductions and tax-exempt withdrawals.
  • Customized allocation: Tailor your portfolio to your risk and goals.
  • Low fees: Optimize returns with minimal charges.

Power STP:

  • Long-term strategy: Leverage market swings for potential gains.
  • Smart investing: Maximize returns based on market conditions.
  • Proven performance: Consistently outperforms regular STP.

SIP:

  • Active or Passive: Choose from two options to suit your style.
  • Regular investing: Averaging out market fluctuations.
  • Long-term goals: Ideal for retirement or education planning.

Super Saving Account:

  • Easy access: Access your money without restrictions.
  • No lock-in periods: Invest without time constraints.
  • Zero charges: Open and manage your account without fees.

FundsIndia Brokerage Charges

FundsIndia has structured its pricing to be friendly for small investors. Notably, there’s no brokerage for equity turnover below ₹1 Lakh.

Here’s a list of their FundsIndia charges:

Account Opening:

  • Trading Account: ₹0
  • Demat Account: ₹0
  • Trading Account AMC: ₹200 (applicable from 2nd year)
  • Demat Account AMC: ₹0

Brokerage:

  • Equity Delivery: ₹20 per executed order
  • Equity Intraday: ₹20 per executed order
  • Equity Futures: ₹20 per executed order
  • Equity Options: ₹20 per executed order
  • Mutual Funds: Free

Transaction Charges:

  • 0.0035% of trade value
  • Stamp Duty: 0.01% of trade value
  • Securities Transaction Tax (STT): 0.1%
  • Call and Trade: ₹20
  • Demat Statement Charges: ₹25 (first 2 statements free)

Margin:

  • Equity Delivery: Up to 5 times
  • Equity Intraday: Up to 5 times
  • Equity Futures/Options: No Leverage

FundsIndia maintains a low-interest rate of 12%, one of the industry’s lowest, for 5-day margins. Keep these details in mind to avoid surprises in your trades.

Also Read: Paytm Money App Review 2024: Is Paytm Money Sebi Registered?

Documents Required for FundsIndia Demat Account

To open a FundsIndia demat account, you need the following documents:

  1. PAN card.
  2. Identity Proof (Aadhar card/ Passport/ Driving License).
  3. Address Proof (Ration card/ Rent agreement/ Electricity bill).
  4. Income Proof (Income Tax Return/ Salary slip).
  5. Cancelled cheque.
  6. Passport size photographs.

FundsIndia Demat Account Opening Process

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image-by-fundsindia.com

Opening a FundsIndia demat account is a straightforward process. Follow these steps for online account opening:

  1. Visit the official FundsIndia website.
  2. Click on ‘Sign Up
  3. Fill in all the required details.
  4. Enter your PAN and Aadhar details for KYC.
  5. Upload scanned copies of the necessary documents.
  6. Complete your in-person verification (IPV).

Also Read: DP Charges in Zerodha 2024: 3 Tips to Avoid Them

FundsIndia Investment Plateforms

While FundsIndia’s trading platforms may have a more limited range compared to some competitors, they still offer a decent experience. Keep in mind that there are more mature platforms in the Indian stockbroking space, but FundsIndia’s options hold their own.

Let’s talk about the platforms:

  1. FundsIndia App

This mobile app has quickly gained user confidence, thanks to its regular updates. Key features include:

  • Investing in mutual fund SIPs and equity on the go
  • Robo-advisory features akin to ARQ provided by Angel Broking
  • Basic features like Market watch list, alerts, and investment news

Concerns:

  • Asset allocation and funds segregation display issues
  • Filtering section may not display funds properly

2. FundsIndia Web:

The web-based browsing investing software offers:

  • No download or installation required
  • Access to commodity, currency, and equity trading
  • Responsive design for use across devices

3. FundsIndia Research

Although reasonably priced, FundsIndia provides research and recommendations, especially for mutual funds and long-term equity investments. Highlights include:

  • A small but capable in-house research team
  • Weekly reports covering financial domains and detailed fundamental analysis
  • Continuous monitoring of mutual fund portfolios to ensure consistent performance aligned with Indian economic growth
📢 Note: FundsIndia does not offer quick gain tips, recommendations, or technical analysis. If you're into intraday trading, you'll be making your own calls on buys and sells.

FundsIndia Customer Support Services

When it comes to service, especially for users actively managing their investments, it’s a crucial aspect. FundsIndia offers various communication channels for client support:

  1. Webchat
  2. Indian phone support
  3. NRI phone support
  4. Email
  5. Skype

The range of communication channels is diverse, providing clients with multiple online options to reach out. However, if you’re seeking local assistance through a branch or sub-broker office, you won’t find it, as FundsIndia operates primarily through corporate offices.

Nevertheless, users utilizing the available communication channels report reasonable support and service. One area for improvement could be the turnaround time, which FundsIndia can work on to enhance the overall customer experience.

Also Read: What is trading: how do newbies learn trading in 2024?

Is FundsIndia Registered With SEBI?

Yes, FundsIndia is a registered SEBI (Securities and Exchange Board of India) intermediary. The SEBI registration number for FundsIndia is INB011468932. This registration is a critical requirement for all investment platforms in India and ensures that they adhere to the highest standards of investor protection and market regulation.

Conclusion: FundsIndia Review 2024

If you’re seeking a comprehensive investment platform that simplifies your financial journey, FundsIndia is the ideal choice. With its expert guidance, top-performing funds, secure transactions, and family-friendly features, FundsIndia empowers you to make informed investment decisions and achieve your financial goals.

FundsIndia Pros and Cons

FundsIndia Pros

  • No support for currency or commodity segments.
  • Lack of research for intraday traders.
  • Customer support turnaround time could be improved.
  • Low exposure values offered.
  • Limited range of investment platforms.

FundsIndia Cons

  • Free account opening.
  • Mutual funds investment is entirely free for users.
  • Low brokerage charges.
  • Regular fundamental-level research and mutual fund assistance provided.
  • Robo advisory included in research, minimizing potential human errors in judgments.
  • Allows placement of Limit orders, market orders, and stop-loss orders.

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FAQs

Q. Who is the owner of FundsIndia?

FundsIndia is owned by Wealth India Financial Services Pvt. Ltd., a company founded by C.R. Chandrasekar and Srikanth Meenakshi. Both Chandrasekar and Meenakshi are alumni of the University of Hyderabad and have extensive experience in the financial industry.

Q. What is the rating of FundsIndia?

FundsIndia has an overall rating of ⭐ 4.4 out of ⭐ 5, based on over 81 reviews left anonymously by employees on Glassdoor.co.in.

Here is a list of FundsIndia’s ratings by category:

  • Overall: 4.4 out of 5
  • Compensation & Benefits: 4.2 out of 5
  • Work-Life Balance: 4.0 out of 5
  • Culture & Values: 4.4 out of 5
  • Career Opportunities: 4.3 out of 5

These ratings suggest that FundsIndia is a generally well-regarded company with a positive employee sentiment.

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