Direct Mutual fund investment through Broker ?

POSTED BY financedan ON February 6, 2015 1:03 pm COMMENTS (3)

Hi Fellows,

I have a Demat account with a private share broker and doing all the transactions with him (buying and selling of shares, MF investments). After reading a lot about the DIRECT MF investment (thanks to JI and AIFW) I have decided that I should go for the direct plans hereafter. I would like to know if there is any possibility of using the same account to buy DIRECT plans (without the broker knowing about them).


3 replies on this article “Direct Mutual fund investment through Broker ?”

  1. No , you cant invest in Direct plans through broker . BROKER itself means intermediary .

    The only way you can do it right now is directly via AMC office.


    1. financedan says:

      Thanks Manish,

      I agree, but my question was if I buy direct will the broker come to know about this as those MF units will also be under the same demat account. Frankly speaking I don’t want my broker to know my other investments.

      1. Not always . There are two ways to buy mutual funds .

        1. Through a stock exchange model where your units are stored in demat account.

        2. Non-demat format , where the units are not stored in demat account at all . Most of the people buy the 2nd way . So when you go to AMC and buy direct, the units do not get stored in your demat . So broker wont come to know !


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today