Direct plans, SIP automation and zero commission: ranked for hands-off compounding.
✓ Pricing last verified 22 Sept 2026 against official sources.
Updated 22 Sept 2026 · Educational comparison, not personalised advice.
At a glance: 28 of 31 brokers qualify · 28 support mutual funds · cheapest account opening from ₹0 · cheapest AMC from ₹0
✓Direct plans
✓SIP automation
✓Zero commission
✓Goal tracking
Who is this guide for?
This guide is for investors who primarily invest through mutual funds and SIPs and care about direct plans, automation and goal tracking.
Mutual-fund investors should never pay commission: direct plans plus a clean SIP interface beat star ratings. This ranking rewards in-app MF support, onboarding ease and one-app simplicity.
The direct-vs-regular gap is the largest free lunch in Indian retail investing. On a ₹10,000 monthly SIP over 20 years at 12%, a 1% commission drag costs roughly ₹20L in foregone compounding — more than two full years of contributions. Every broker in this table supports direct plans in-app; brokers without MF support are excluded outright, since paying commission to stay with them is never worth it.
For dedicated MF platforms with deeper analytics, also compare the mutual-fund apps directory.
TL;DR
Direct plans save ~1% yearly over regular — roughly ₹20L on a ₹10k SIP over 20 years — so every pick below supports direct funds in-app. The choice between them is interface and SIP flexibility, not cost.
Ranked by the same transparent scorer as the find-my-broker quiz — editorial rating plus persona fit over live fee data. A starting point for research, not personalised advice.
Every broker below, scored for mutual-fund investors on account opening, AMC, delivery brokerage plus mutual-fund support, platform scores. Sort any column, filter to what matters to you.
Top 8 of 28 · click a column header to sort
Best broker for mutual-fund investors compared: Account opening, AMC / year, Delivery, Mutual funds, Platform
Lowest marks the cheapest listed figure per column; slab plans may cost less for small trades. † means we haven't re-verified that figure yet. Statutory charges (STT, exchange, SEBI, GST, stamp duty) apply equally everywhere — see the true cost of a trade.
Showing 28 of 31 brokers — brokers without in-app mutual-fund support are left out — compare them in the directory instead Show all 31 brokers →
Our take
If your money lives in SIPs, this table is the whole shortlist: every broker here supports direct mutual funds in-app, so the choice is interface and habit design, not cost. Prefer step-up SIPs and multi-day flexibility if your income is variable; prefer goal tracking if you invest toward targets. Excluded brokers lack MF support entirely — there is no reason to hold funds through them when direct plans are free elsewhere.
How we compare brokers
Every broker is scored by the same transparent scorer as the find-my-broker quiz — editorial rating plus persona fit over live fee data. The comparison for this guide considers:
✓In-app mutual-fund support (entity flag)
✓Onboarding ease and one-app simplicity
✓Guided-investor fit: research and support scores
✓Account costs (opening + AMC)
✓Editorial rating
Labels like “lowest” are computed from the fee figures in the table above — never assigned by hand. Verify pricing on the official site before opening an account.
FAQs
Direct vs regular plans — does it matter?+
Enormously: ~1% yearly commission compounds to lakhs over decades. Always choose direct. Our guide explains the maths.
Can I buy mutual funds through a stock broker?+
Yes — most brokers offer direct-plan MFs in-app. Dedicated MF platforms may offer better goal-tracking and analytics.
What should mutual-fund investors compare?+
Direct-plan availability, SIP automation features, any platform or transaction fees, goal-tracking tools, and whether you also want stocks and IPOs in the same app.
Groww vs Zerodha Coin for mutual funds?+
Both offer direct plans with zero commission. Compare SIP flexibility (pause, step-up, multi-day), goal tracking and whether you also want stocks and IPOs in the same app — the fund returns are identical wherever you buy direct.
Can I lose money with direct plans?+
Yes — direct only removes the ~1% commission; market risk is identical to regular plans of the same scheme. Direct means cheaper, not safer.
Affiliate disclosure: LetsInvest earns a commission if you open an account via links on this page — at no extra cost to you. Rankings are editorial and never sold. Read how we make money and our methodology.
How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.
