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FYERS Mutual Funds Review

Fyers Track Record Of Best Online Stock Broker In India

  • Life

    3.9

    Company Rating

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    40+

    Cities Covered

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    2.5 Lacs+

    Orders Per Day

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    10K Lacs+

    Daily Turnover

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    55000+

    Our Client Base

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    4.1

    Mobile App Rating

  • Life

    3.9

    Company Rating

  • Life

    40+

    Cities Covered

  • Life

    2.5 Lacs+

    Orders Per Day

  • Life

    10K Lacs+

    Daily Turnover

  • Life

    55000+

    Our Client Base

  • Life

    4.1

    Mobile App Rating

 
 
 

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FYERS Mutual Funds Review

FYERS Securities is a Bangalore based discount broker, offering trade in Equity cash, F&O and Currency Derivatives segments at NSE. Being incorporated in 2015, the firm focuses on providing services at low brokerage rates. In fact, FYERS is an acronym of “Focus Your Energy & Reform the Self” which reflects the values of the company. This organization is built by young entrepreneurs with a belief of providing the best trading platform with lowest possible cost of trading in India.

What is Mutual Fund?
Mutual fund is nothing but a pool of money which is collected from individual or group of investors, intended to invest in securities like stocks, bonds, money market instruments and other assets. This portfolio is managed and operated by professional money managers, who tries to produce capital gain out of this. Mutual fund portfolio is structured and maintained in order to match the investment objectives described in prospectus.
It provides small investors the access to professionally manage portfolios of equities, bonds and other securities. Therefore, each and every shareholder participates proportionally in the gains and losses.

Mutual Fund Investment with FYERS
With a motive of expanding the portfolio of existing FYERS clients, the organization added online mutual fund services in 2017 for investment purpose. FYERS provide brokerage free investment in mutual funds which means zero brokerage fees and similarity to investment in stocks. Only those clients who have FYERS Demat account are enabled with Mutual Fund purchasing service. It provides financial service of more than 49 AMCs (Asset Management Company) and almost 4000+ Mutual Funds.

FYERS Direct
FYERS introduced their Direct Mutual Fund platform “FYERS Direct” in the investing community on 15th August 2020 with an aim of increasing capital market penetration and to provide savings without charging fees or commission of up-to 1.5% of investment amount for all investors. The platform is specially designed to manage the Mutual Fund investments in the best way possible. Purchases made on this platform will be directly credited to the client’s Demat account rather than in virtual wallet which many other platforms do. In order to provide ease of transactions, clients can trade and invest in multiple financial instruments through a single Demat account. Quick notifications related to the account transactions are sent via email or phone. This makes Demat account much safer than any other alternative.

Getting Started with FYERS Direct
FYERS direct has made it extremely simple and convenient to invest in any direct mutual fund scheme. Existing account holders must ensure that BSE-MF segment is active by logging into the accounts section. New customers must open a Demat account with FYERS to avail the services of this platform. Following is the procedure to get started with FYERS direct:
i. Login to FYERS direct by using the FYERS account credentials.
ii. Go through the Top-performing schemes with more than 49 AMCs and differentiate on the basis of return, period, type or fund house.
iii. Choose the type of investment (Lump sum or SIP).
iv. Enter the amount for transaction and place the order. It is important to note that Lumpsum amount will be debited from the trading account.
v. All the successful orders will be visible on the dashboard. The performance of invested funds can be tracked and more fund can be added.

Benefits of using FYERS Direct
i. Convenience of accessing a holistic portfolio across direct equity and Mutual Funds.
ii. Direct Mutual Funds plan does not provide any commission to the dealer or distributor, therefore in comparison direct plans offers higher returns.
iii. The expense ratio of direct mutual fund is almost half as compared to regular mutual fund. The expense ratio is the annual fees deducted by fund houses from the unit holders.


Frequently Asked Questions


To buy either calls or puts, the margin requirement is only to the extent of the premium. Margin for buying options = Premium * Total Quantity.
Derivative contracts which are going to expire in the current month are called ‘Near Month Contracts’, those which expire next month are called ‘Next Month Contracts’ and those which expire after the month are called ‘Far Month Contracts’.
Fyers offers multiple modes to add funds in the traders trading account. They can add funds via IMPS/NEFT/RTGS, UPI and internet banking.
Proof of Identity, Proof of Address, PAN card, Bank statement, cancelled cheque and photographs are required to open an account with Fyers.
No, fund withdrawal is only processed through bank transfers.
No, fund withdrawals are credited only to the primary bank account.
When a customer places an order over the phone through a dealer, Fyers charge an additional ₹20 as Call & Trade Fee. Being an online stock broker, it prefers that the customer uses its online trading platform to execute orders. All trading software including an installable trading terminal, website and mobile application are made available free of charge to customers.
In that case, the client is obligated to clear all the dues to the broker immediately. Failing which, the client will be charged a penalty.
Yes, Fyers provides algo trading.
Yes, the minimum balance amount can be utilized to enter into any position.
Yes, Fyers allow investors to take Intraday future positions with lesser margin requirements than carry forward future transactions. But it is mandatory to square off such positions on the same day.
Anyone who has an account with Fyers is eligible for Thematic investments. It can be used by new and experienced investors alike.
Yes, FYERS provides "Good till Canceled" (GTC) or "Good till Date" (GTD) or "Valid till Date" (VTD) order.
IPV (In-Person Verification) is conducted through web camera after either collecting the account opening form or once all necessary documents are received by the FYERS’ executive.
A theme index represents the value of the particular theme/portfolio of stocks.
It is a mutual contract between two parties which derives its value from an underlying asset.
Yes indeed, as it is a regulatory requirement.
Yes, already existing Demat accounts can be linked with FYERS trading accounts. For further details, customers can contact their sales executive.
Yes, It provides market updates and news alerts.
Yes, it is mandatory to have a Demat account in order to make Thematic investments.
Traders can only nominate one person per mutual fund folio. In case, a client holds more than one folio then different nominees can be appointed for each folio.
Yes, Fyers offer advanced technical charts on its free trading terminal.
It is a facility that enables the investor to carry forward his/her futures positions beyond the expiry of contract. Basically, it’s a two-legged transaction. In the first leg the investor needs to square off the near month position, subsequently in the second leg he/she will have to take a fresh position in the same direction in the next or far month.
Yes, Fyers provides After Market Order (AMO).
The details will be communicated to the traders within 3 days from the date of transaction.
Fyers API Bridge is designed for Algo Trading. With this API, clients can develop and execute their trading strategies using their choice of 3rd party trading platform or design their own trading software.
This cycle refers to the period in which the buyer and seller of shares settle their obligation to each other. In India, we follow the T+2 settlement cycle. So, if the transaction takes place on Monday, the settlement will be done on the second trading day, which is Wednesday, if the transaction takes place on Tuesday, the settlement will take place on Thursday, so on and so forth.
Minimum margin is the margin amount that the investor should have allocated towards the open positions. If the minimum margin level is breached, the system will automatically block further funds. In case an investor does not have sufficient funds in his/her account, the position will be squared off.
It charges only for an executed order. So even if an order is executed in 5 different trades then it is considered only 1 executed order and you need to pay only ₹20.

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