Is brokerage charged on mutual funds?

Generally, the charges are 2.25\% of the investment value. However, as per a recent regulation by the SEBI, fund houses can no longer charge an entry load. Exit Load – When an investor exits from a mutual fund scheme within a short span of holding the same, an exit load has to be paid.

Is karvy free?

Karvy has come up with a special benefit of opening online trading cum demat account at absolutely free of cost. Karvy online account is providing 360 degree online investment across all asset classes with lowest brokerage across the market.

Which mutual funds are serviced by Karvy?

List of Mutual Funds serviced by Karvy

• Axis Mutual Funds.
• Baroda Pioneer Mutual Fund.
• BOI AXA Mutual Funds.
• Canara Robeco Mutual Funds.
• DHFL Pramerica Mutual Funds.
• Edelweiss Mutual Funds.
• Essel Mutual Funds.
• IDBI Mutual Funds.

What is the brokerage for mutual fund?

A mutual fund broker or distributor is an entity who is authorised to sell mutual funds. They function as intermediaries in the purchase process, charging a commission that usually ranges between 0.5-1\% of the investment value. Mutual fund brokers are licensed by the Association of Mutual Funds in India (AMFI).

What is the brokerage charge in Karvy?

Is karvy safe for mutual funds?

Are My Mutual Funds With Karvy Safe Then? Your mutual funds are safe as they are not affected by the fraud committed by Karvy. Note that Karvy broking firm and Karvy FinTech are totally different entities and must not be confused with each other.

How do I redeem my karvy mutual funds?

You simply have to log-on to the ‘Online Transaction’ page of the desired Mutual Fund and log-in using your Folio Number and/or the PAN, select the Scheme and the number of units (or the amount) you wish to redeem and confirm your transaction.