Alice Blue Mutual Funds Review - Charges and SIP
Alice Blue Track Record Of Best Online Stock Broker In India
Alice Blue Mutual Funds Review
Alice blue is a Bangalore based financial enabler which was incorporated in 2006. This organisation is primarily into brokerage business with a clear focus on providing cost effective brokerage services without hampering the experience of customers. Being a reputed SEBI registered financial service provider, the organization has gained its name in the trading market. Services from Alice Blue can be availed both either online or through its 15 branches that are spread over the major cities of the country.
The firm offers a direct mutual fund platform to its customers where they can directly buy the mutual fund schemes from various fund houses. It does not charge any fee or brokerage for mutual fund investments.
Characteristics of Alice Blue Mutual Funds
• It charges zero brokerage and commission charges.
• It provides an excellent & dedicated Online Mutual Fund Platform.
• It allows the customers to invest across a variety of schemes including equity, debt, and hybrid.
• The customers can choose from more than 31 fund houses.
• Users Portfolio provides complete holdings of the allotments done through Normal (NRM) and Direct SIP (Systematic Investment Plan).
• Users can also invest in mutual funds with their existing Alice Blue demat account.
• There is no paperwork.
• The customers receive all the statements for all their MF investments.
• Mobile apps available for mutual fund investment.
• Track all the mutual fund investment online.
Investment In Mutual Funds Through Alice Blue
If you are planning to invest in a mutual fund then Alice Blue is the best choice where you can avail more good benefits by investing directly in a mutual fund through different schemes at zero brokerage and commission charges.
Alice Blue Mutual Fund Charges
Alice blue does not charge any fee or brokerage for mutual fund investment services.
Alice Blue Mutual Fund Account Opening
It offers direct mutual fund investment facilities through the asset management companies. Investors through this account can invest their money in a direct mutual fund. If any investor does not have a demat account with the same broker, then he can only view the performance of the funds but couldn’t invest in Alice blue mutual funds.
The customer can invest in Mutual funds by using their Alice blue demat account. To know how to open a demat account Click here.
Alice Blue SIP
The firm allows investing in mutual funds through SIP or lumpsum mode of investment. It provides various flexible SIP options to make the investments as per the convenience of the customer. The customer can directly start investing in mutual funds with Alice blue if they already hold a demat account and have e-KYC verified.
Steps to Invest in Alice blue SIP
1. Login with the Alice blue Mutual fund account.
2. Choose the scheme as per your preference.
3. Enter the SIP details and submit it.
4. Finally, create a bank mandate for auto-payment through your account.
Alice blue Mutual Funds App
It has user friendly and excellent mobile applications for mutual fund investments. By logging in to this account an investor can start investing.
Characteristics of Alice blue Mutual Funds App:
1. It charges zero brokerage or commission.
2. The customer can use the funds feature to compare various schemes.
3. It has a single portfolio so that you can view all the funds in one place.
4. It has consolidated statements for investments made through ELSS funds for claiming the tax benefits.
5. It provides easy order tracking by using the dashboard.
6. The user portfolio gives complete holdings of the allotments done through Normal (NRM) and Direct SIP.
ANT Web (Mutual Funds web-based platform)
Alice blue provides a mutual fund investment through a browser-based investment platform. It can be accessed by visiting the official website of Alice blue. The customers that are already investing in Alice blue Mutual funds can directly visit the web by logging in through their Alice blue login credentials.
Characteristics of Alice blue ANT Web:
1. It provides a free mutual fund investment platform.
2. It allows customers to invest across multiple asset classes.
3. It provides an instant view of account summary.
4. It creates market alerts on the market conditions and fluctuations.
5. It allows customers to invest quickly by instant buy or sell options.
6. The customer can check current market news and status.
Alice Blue Mutual Fund Customer Care
It has more than hundreds of branches and partners all over India. For any query and assistance, you can visit these branches at your nearby location and can get resolution.
It provides excellent online platforms for online mutual fund investment at zero brokerage and commission. Directly investing in mutual funds allows investors to earn more on returns as compared to regular mutual funds. However, this doesn't provide mutual fund recommendations which may make it difficult for new investors to choose a scheme on their own.
Frequently Asked Questions
Demat account opening under Alice Blue is completely free.
Yes, you can place NRML orders in Alice blue.
MTM refers to Market-To-Market margin which covers the daily difference between the price of contract and its closing price on the day of purchase.
Certainly, Minor Demat Account can be opened with Alice Blue. In this case a legal guardian has to be appointed. Documents of legal guardians are required at the time of opening an account.
Yes, Alice Blue is a trusted stock broker. They have a big list of items to offer, and they serve their customer in most customer friendly manner.
There is no minimum balance requirement in Alice Blue trading account. Clients can add money in a trading account according to their need and extra money can be withdrawn as per the wish of the account holder.
Alice Blue has over 17 branches and 1000’s of franchise offices across India.
Soft copy of following documents are required in order to open an online account with Aliceblue: i. ID proof (PAN card) ii. Address proof (Aadhar card/Voter ID/Passport) iii. Passport size photo iv. Scanned signature v. Income proof (Bank statement of last 6 months/ ITR/ Last three months’ salary slip)
Alice Blue helpline number is 080-61575500/22174600.
No, it does not provide trading service on forex.
Yes, Alice Blue offers direct Mutual Funds through a dedicated online platform. There is no commission or brokerage charge on Mutual Funds.
Investing in Smallcase will attract a one-time flat fee of ₹ 100, apart from that usual brokerage charges will be applicable per transaction.
Basic Service Demat Account (BSDA) is a special category of Demat account which can be opened / held only by individual investors. It is available for holding a value up to Rs.50,000.
IPV refers to In-Person Verification, where the documents and client has to get verified by the broker personally while opening a trading and demat account. IPV can be done either through mobile Or Web camera. A video has to be recorded showing valid ID proof and client’s face during IPV process.
The size of file should be less than 5MB in JPEG, PDF or PNG format.
No, it does not provide any free tips.
eSign refers to digital signature. If client’s Aadhar card is linked with his mobile number, then he can virtually sign the documents through OTP.
No, it does not provide live market notifications and news.
The brokerage of Zerodha Max Rs.20 per trade while the brokerage of Alice Blue Max Rs.20 per trade. Both the brokers are discount Brokers. Alice Blue provides more margin as compared to Zerodha.
It is a limited level of permission given to the firm by the traders in order to debit shares from the Demat account of trader whenever shares are sold. If a client is not willing to provide POA, then shares can be sold using CDSL TPIN mode. But this restricts the sell transaction to maximum of ₹ 1 crore per day. Moreover, it will result in limiting off-market transfer to ₹2 lakh per scrip and overall, ₹10 lakh per day. If the portfolio is above ₹ 1 crore and the client wish to sell more than ₹ 1 crore of stocks from his holdings in a day, he must provide POA.
Alice Blue does not provide a demo trading account.
No, it does not provide 3-in-1 account service.
It offers more than 15 additional products worth ₹ 3000 free of cost to enhance your trading experience.
Yes, it does provide combined ledger for both segments.
Transaction password is the password used while placing orders.
Yes, Alice Blue allows to trade in commodity.
Alice blue was incorporated in 2006 and is the fastest growing firm. It is a Bangalore based discount broker firm. Its minimum brokerage fees with maximum exposure makes it stand out from its competitors.
Indeed, the broker has designed a mobile app i.e. ANT mobi with a motive to provide better mobility to services it offers. This app is supported on android, windows and iOS platforms. It provides ease of trade from anywhere.
If eKYC is complete and Aadhar is linked to the mobile number, then the account can be opened instantly. In case, signed papers are sent to the broker, then it will take 24 hours to open the account once the documents are received.
3:15 PM is the Intraday square off time for Alice Blue.
Alice Blue Equity Options brokerage is 0.01% or Rs.20 whichever is lower.
Those who are willing to trade only in F&O (Equity, Commodity or Currency), Demat account is not required.
No, Alice Blue does not provide this feature.