top of page
Product Details
Brokerage and Fees
  • Mutual Fund Investment Charges: INR 0.

  • Commission: INR 0.

  • Account Opening Charges: INR 0. 

Account Opening Fees

INR 0

Eligibility

Be an Indian citizen. Be above 18 years of age. Have a bank account with an IFSC code.

Annual Fees

INR 0

Upstox
Apply Now

Upstox Mutual Funds Investment App Review

Special Features
  • Zero commission fees: Upstox charges no commission fees for investing in direct mutual funds on their platform. This translates to potentially higher returns for you compared to regular plans with distributor fees.

Features
Cons
  • Limited research tools: Compared to some established brokers, Upstox's research capabilities might be limited. You might need to conduct additional research elsewhere to make informed investment decisions.

  • Limited Physical Presence. 

Pros
  • Direct mutual funds: Upstox offers a platform specifically for investing in direct mutual funds, allowing you to benefit from lower expense ratios.

  • Wide range of options: They provide access to a vast selection of mutual funds from over 28 Asset Management Companies (AMCs). This offers you a good variety to choose from and cater to your investment goals.

  • User-friendly platform: Upstox's platform is known for its user-friendliness, making it easy to browse different schemes, compare them, and invest seamlessly.

  • SIP (Systematic Investment Plan): The platform facilitates setting up SIPs, allowing for disciplined and potentially cost-averaged investments.

Pros and Cons
How to Apply?

Opening an account with Upstox is a simple online process. Here are the steps involved:

  1. Visit the Upstox website: Go to the official Upstox website or download their mobile app.

  2. Start the account opening process: Click on the "Open Demat Account" or similar button.

  3. Enter your basic details: Provide your mobile number and email address. You'll receive an OTP for verification.

  4. Complete eKYC: Enter your PAN card details, Aadhaar number, and bank account information. Verify your Aadhaar using the OTP sent to your linked mobile number.

  5. Upload documents: Upload scanned copies or clear photographs of your PAN card, Aadhaar card, cancelled cheque/bank statement, and signature.

  6. Review and eSign: Review the terms and conditions, charges, and other details. Accept them and eSign the application using Aadhaar OTP.

Your account will be opened within a few hours after completing these steps. You'll receive a confirmation email and SMS with your account details.

Documents Required

Aadhaar and PAN for online account opening.

Account Opening and Procedures
Upstox Mutual Funds Investment App Review

Upstox can be a compelling platform for investors seeking a user-friendly experience with zero commission fees and access to a broad range of direct mutual funds. The ability to start with any amount can be particularly attractive for beginners. However, if you require in-depth research tools or professional investment advice, you might need to consider other options alongside Upstox.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Recommedation For Stock Market Investment

Add a Title

Add a Title

Add a Title

bottom of page