Comparing mutual funds and brokerage accounts is a little like comparing apples and oranges. While mutual funds are professionally managed investment products, brokerage accounts are used for ...

A mutual fund is a type of managed account, but it is open to anyone with the means to buy its shares, rather than personalized for a particular investor. How a Managed Account Works .

But do you need to invest in mutual funds via these accounts? The short answer is no. It’s not necessary to have a demat account to dive into mutual fund invest. Subscribe To Newsletters.

Mutual funds give individual investors access to professionally managed portfolios of stocks, bonds and other securities. Asset management companies (AMC) have not made it mandatory to have a demat ...

After he/she turns 18, the minor could operate the mutual fund account on his/her own. Till now, all investments had to be made through a bank account in the child’s name.

Brokerage accounts offer more flexibility and control over individual investments, while mutual funds offer diversification and professional management for a hands-off approach to investing.