Piggy is one of the best Mutual Fund aggregators

Hello All,

Today, I'm going to talk about one of the best MF aggregator.

Piggy: There are other similar apps available for consolidated MF reporting, buying and selling. For example; Jama, Investica, Wealth Trust etc.

What makes Piggy stand in the crowd is its ergonomic design, low-cost transaction charges, and vast MF houses availability.

The app is designed in such a way that it gives a glorious look to your profile, your funds, and SIP etc.

Low cost transaction - Once you start with Piggy your first 4 weeks are free. No matter how many  transactions you do in first 4 weeks, it's free.

Ideally, MF meant to be a long term association and 4 weeks free offer doesn't really matter. You should care about what you pay for your SIP and per transaction. SIP is widely famous when it comes to MF.

Piggy charges 100 rs, per SIP per fund per year. Also, when your SIP periods is completed, You wouldn't have to pay any monthly or maintenance charges. For a one time transaction, you will pay Rs. 30 for Equity, Debt, and Gilt fund and Rs. 3 for liquid funds.

Too many MF subscriptions are not recommended in MF because your mutual fund is already well diversified with generally 30+ stocks.

It's best to start with one ELSS, one Bluechip(large cap), one small-mid cap, 1 gilt/bond fund. I see that almost all MF's are available in this platform in direct mode only. For me all too ranked MF's are available. To enumerate, L&T tax advantage, L&T emerging business fund, L&T mid cap fund, DSP BR tax saver fund, Principal emerging fund, SBI long term gilt fund, Reliance top 200 fund, Tata Tax saver fund, SBI bluechip fund and many more.

For your information, direct mutual funds offer better return because in a direct MF, you pay around 1% less expense than regular MF.