Table of Contents
- 1 What is the business model of Kuvera?
- 2 What is myCAMS and Karvy?
- 3 How is Kuvera earning money?
- 4 Which is best Kuvera or Groww?
- 5 How does Groww make money on direct mutual funds?
- 6 How can I convert regular to direct mutual fund?
- 7 When did cams and Karvy launch their mobile apps?
- 8 Should I invest in Kuvera or Zerodha for direct MF?
What is the business model of Kuvera?
Kuvera positions itself as a wealth management platform for individual investors and offers investment in direct mutual funds without any fees or commissions.
How do direct mutual fund platforms make money?
Most online MF platforms make money by cross-selling other products and services.
What is myCAMS and Karvy?
CAMS and Karvy help to get e-KYC done through their portals as well. Under CAMS online (myCAMS), investors can create a single login user id to transact across all mutual funds serviced by CAMS as Registrar. Under Karvymfs, new investors cannot invest through its online portal.
Is Kuvera free?
Kuvera, on the other hand, is truly free. We help you invest in Direct Plans of Mutual funds and thus do not receive any commissions. Financial goal planning and Mutual Fund investing, though, will always remain free for you to use.
How is Kuvera earning money?
As per the Kuvera team, they gain business out of some analytics, what they call as “B2B services and market data analytics”.
Is Kuvera direct?
You can visit kuvera.in and try our Financial Planning Solution here. Importantly, we are a Direct Plan only platform so our advice is never biased by commissions.
Which is best Kuvera or Groww?
People are looking for the best online platform to invest in mutual funds. Both Groww and Kuvera are the most preferred Mutual Fund Apps in India with zero charges for investing….Groww Vs Kuvera.
| Groww | Kuvera | |
|---|---|---|
| Coverage | 44 AMCs | 39 AMCs |
| External Fund Tracking | ✓ | ✓ |
| Switching To Direct Funds | ✓ | ✓ |
| Portfolio Insight | ✓ | ✗ |
Are myCAMS good?
myCAMS Mutual Fund App myCAMS is a single gateway to invest in multiple Mutual Funds schemes. It also helps in scheduling the transaction option which allows investors to set up future Mutual Fund transactions. Total Downloads: +1 Million. Rating on Google Play store: 4.3 out of 5 with a total of 73,805 ratings.
How does Groww make money on direct mutual funds?
How Groww exactly make money? As discussed earlier, Groww facilitates direct mutual fund transactions with the AMCs, which do not offer any commission. Groww charges no commission from its users for using their platform and availing their services. Groww does not charge any commission like many of its competitors.
How is Kuvera earning?
It says they make money by market data analytics and B2B services, which means data monetization or selling data. If you use Kuvera/ET Money, you would have noticed that you might have getting calls/messages regarding investment services in the recent past. That is one part of their data selling.
How can I convert regular to direct mutual fund?
Visit the transaction page, where you can buy, change, or redeem your fund units. Select the ‘switch’ option and then click on the respective fund name. It will have a ‘Direct Plan’ option; click on it and follow the steps displayed. It will take about four working days to reflect the change.
Is Kuvera free to use?
Yes, it’s free. No subscription fees, annual fees, hidden charges etc etc. And it is a Direct Plan only Mutual Fund Offering. So there are no commissions paid to Kuvera by the mutual fund houses.
When did cams and Karvy launch their mobile apps?
[Year of launch: Sep 2017 and Jan 2017 respectively for the mobile app] As part of my research, respective mobile apps of CAMS and Karvy were my first stop. For the uninitiated, CAMS and Karvy are the officially designated registrars (by SEBI) of the mutual fund houses in India.
Is Kuvera still the best platform for direct mutual fund investments?
Infact, I have seen Kuvera grow in AUM from Rs. 500 cr to Rs. 7000 cr in in just under 2 years. Meanwhile, the service and technical stability has improved manifolds, so it’s still my go to platform for direct mutual fund investments. In addition, I have started using Goalwise as well because I loved the automation they have buit in.
Should I invest in Kuvera or Zerodha for direct MF?
So if someone just want to invest in direct MF and don’t want to buy stock, Kuvera would be a good option but if you want to make your life easy and manage also your financial on one website, Zerodha is a good option. Also as the holding in Zerodha MF is in demat form, you can always pledge the share easily and get loans against them.