Upstox is one of India’s leading discount brokerage platforms, known for its low-cost trading, fast execution, and simple interface. It allows users to trade in stocks, derivatives, commodities, and also invest in long-term financial products. Over the years, Upstox has expanded beyond just trading and now offers multiple investment options, making it a popular choice among both beginners and experienced investors.
Now coming to the main question—can you buy mutual funds on Upstox? Yes, you can. Upstox allows users to invest in mutual funds directly through its platform.
How Mutual Funds Work on Upstox
Upstox offers access to direct mutual funds, which means there are no distributor commissions involved.
What this means for you:
- Lower expense ratio
- Better long-term returns
- No middleman charges
You can invest in:
- Equity mutual funds
- Debt mutual funds
- Hybrid funds
- ELSS (tax-saving funds)
Where to Find Mutual Funds in Upstox
Unlike some platforms that separate trading and investing, Upstox provides mutual fund access within the same app.
Steps to access:
- Open the Upstox app
- Go to the “Invest” or “Mutual Funds” section
- Browse or search funds
- Select your preferred fund
Everything is integrated, so you don’t need a separate app.
How to Buy Mutual Funds on Upstox
The process is simple and beginner-friendly.
Steps:
- Log in to your Upstox account
- Go to Mutual Funds section
- Search for a fund
- Choose investment type:
- SIP (Systematic Investment Plan)
- Lump sum
- Enter amount
- Confirm and pay
Once done, your investment will reflect in your portfolio.
SIP vs Lump Sum on Upstox
Upstox allows both investment methods.
SIP (Systematic Investment Plan)
- Invest small amounts regularly
- Reduces market timing risk
- Good for beginners
Lump Sum
- One-time investment
- Suitable when markets are low
- Requires timing and capital
Charges and Fees
Upstox does not charge commission on direct mutual funds.
However:
- Expense ratio of the fund still applies
- No hidden platform charges for investing
This makes it a cost-effective option.
Do You Need a Demat Account?
No, mutual funds on Upstox are usually held in non-demat format.
What this means:
- No need for Demat for MF
- Easier redemption process
- Lower complexity
Can You Track Mutual Funds Easily?
Yes, Upstox provides a dashboard where you can:
- Track returns
- View portfolio performance
- Monitor SIPs
- Redeem investments
Everything is available in one place.
Advantages of Buying Mutual Funds on Upstox
Here are some key benefits:
- Direct mutual funds (no commission)
- Easy-to-use interface
- No need for multiple apps
- Quick SIP setup
- Good for beginners
Limitations to Know
While Upstox is good, there are a few limitations:
- Research tools are basic compared to dedicated MF platforms
- Limited advanced analytics
- Not as detailed as some specialized apps
Is Upstox Good for Mutual Funds?
Yes, especially if:
- You already use Upstox for trading
- You want a simple investment platform
- You prefer direct mutual funds
However, if you want deep research and advanced tools, you might explore dedicated platforms.
Final Thoughts
To put it clearly, you can buy mutual funds on Upstox without any issue. The platform supports direct mutual fund investments, offers SIP options, and keeps everything simple for users.
In practical terms:
- One app for trading + investing
- No commission on mutual funds
- Easy process for beginners
If you’re already using Upstox, adding mutual funds to your portfolio is quick and convenient.