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Religare Mutual Fund Review: Pros, Cons, Charges Etc

Table of Contents

Religare Mutual Fund Review: Religare Mutual Fund Account Opening Ease

Religare Mutual Fund Review: Religare Mutual Fund Features

Religare Mutual Fund Review: Religare Pros

Religare Mutual Fund Review: Religare Cons

Religare Mutual Fund Review: Religare Charges

Religare Mutual Fund Review: Religare Mutual Fund Investment Platforms

Religare Mutual Fund Review: Religare Customer Care

Conclusion

Are you looking for a Religare mutual fund review to know all about the mutual fund offered by Religare? Religare Mutual Fund provides a wide range of investment options with both regular and direct mutual funds. Under the brand name “Invesco India”, Religare Invesco Asset Management company offers both in-house and direct mutual funds. Read and know all about the mutual fund offered by Religare with our comprehensive Religare mutual fund review.

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Religare Mutual Fund Review: Religare Mutual Fund Account Opening Ease

Religare offers investors the opportunity to invest in multiple mutual funds through their investment platform. To gain access to the web portal, individuals must first open an account with Religare Mutual Fund. The following steps outline the process of opening a mutual fund account with Religare:

  1. Visit the official website of Religare.
  2. Click on the ‘Open an account’ option.
  3. Fill in the required personal information.
  4. Provide your PAN (Permanent Account Number) and date of birth to verify KYC compliance or complete the eKYC (Electronic Know Your Customer) process.
  5. Make a profile for your account.
  6. Type in your bank details.
  7. Choose a suitable product plan.
  8. Upload the necessary documents as requested.
  9. Once you receive a login ID and password, you will be able to access the Religare Web portal and Dynami App, enabling you to make mutual fund investments.

Religare Mutual Fund Review: Religare Mutual Fund Features

Religare Mutual Fund offers a range of key features designed to enhance your investment experience.

  • Both regular and direct mutual fund options, ensuring flexibility for different investment preferences.
  • Absence of any transaction fee when investing in their various schemes.
  • For those opting for regular mutual funds, expert supervision is available to guide and support your investment decisions.
  • Over 5000 schemes available from over 30 fund houses, which means that investors have a wide selection to choose from.
  • Diversification is made easy with the assistance of professional fund managers who oversee your investments.
  • Investors have the freedom to invest or withdraw funds at any time, granting them control over their portfolios.
  • Investors can access personalized mutual fund reports, and get valuable insights and analysis tailored to their investment preferences.
  • Religare Mutual Fund caters to different investment strategies by offering systematic investment plans (SIP), allowing investors to invest on a weekly, monthly, or quarterly basis.
  • For tracking and managing investments, Religare offers a smart mutual fund investment tool called the portfolio tracker.
  • You can get the facility to systematically transfer funds between schemes is provided, facilitating seamless allocation based on market conditions.

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Religare Mutual Fund Review: Religare Pros

There is a range of Religare Mutual Fund advantages for investors:

  • They offer both direct and regular mutual funds, allowing investors to choose the option that suits them best.
  • Religare Mutual Fund includes schemes from all the major fund houses, ensuring a diverse range of investment opportunities. With over 5,000 schemes available, investors have a wide variety of options to select from.
  • Also, investors can benefit from receiving mutual fund recommendations for regular funds. To further support investors, Religare Mutual Fund provides a dedicated relationship manager who assists throughout the investment process, offering guidance and assistance as needed.

Religare Mutual Fund Review: Religare Cons

There are two notable Religare Mutual Fund disadvantages.

  • Firstly, it lacks a dedicated mutual fund platform, which can limit convenience and accessibility for investors.
  • Also, the company charges a commission on regular schemes, potentially impacting the overall returns for investors.

Religare Mutual Fund Review: Religare Charges

There are no charges for opening a Religare account. Additionally, there are no fees for the Religare Mutual Fund AMC, brokerage charges, or DP charges. However, Religare Mutual Fund does charge a commission on regular mutual funds. There are no other charges associated with Religare Mutual Fund.

Religare provides investors with the option to choose between direct and regular mutual funds. Opting for direct mutual funds means that you won’t be charged any commission by the fund house. However, if you decide to invest in regular schemes, you will indirectly pay a commission to the distributor.

Religare Mutual Fund Review: Religare Mutual Fund Investment Platforms

These include:

Religare Web Portal

Religare provides a convenient web portal for mutual fund investors, allowing them to manage their accounts easily. By logging in with their credentials, users can access their mutual fund accounts from any location and at any time.

The Religare Web Portal offers several key features, including the ability to invest in various schemes through a single platform. It is accessible from desktop computers, laptops, and mobile devices and using any web browser.

Also, investors can track their mutual fund investments using the portfolio tracker feature and monitor the performance of their funds online.

Religare Dynami

Religare Dynami is a mobile application designed to facilitate investments in various products provided by Religare. One of its prominent features is the ability to invest in mutual fund schemes.

With Religare Dynami, users can stay informed about the latest market news and track the performance of their funds. The app also offers the convenience of receiving instant price alerts for selected funds. It provides access to a wide range of over 5000 mutual funds, allowing users to diversify their investment portfolios.

Also, Religare Dynami presents a comprehensive summary of all investments in a single window, ensuring easy monitoring. Users can conveniently access all notifications in one place, enhancing their overall investment experience.

Religare Mutual Fund Review: Religare Customer Care

If you have any inquiries or concerns regarding investments, you can reach out to Religare Broking’s customer care at 1860-25-88888. Also, you have the option to send an email to wecare@religareonline.com to address any specific issues.

In the case of opening a mutual fund account or navigating the investment process, you can seek assistance from your dedicated relationship manager. He / she will guide you through the necessary steps and provide support tailored to your needs.

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Conclusion

So that concludes our Religare mutual fund review. With a wide selection of both direct and regular mutual funds, Religare accommodates various investor preferences. Additionally, Religare provides valuable mutual fund recommendations, aiding those new to mutual funds or individuals who struggle to allocate time for thorough research. This feature proves particularly beneficial in identifying the most advantageous schemes for investment purposes. Religare emerges as an excellent option for mutual fund investments, catering to a diverse range of investors. If you go for it, you are unlikely to be disappointed.

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