One of the most popular and efficient ways to increase your wealth in India is to invest in mutual funds.
Apps for mutual funds have made investing in mutual funds easier and more accessible than ever before, thanks to technological advancements.
You can manage your portfolio, track your investments, and invest in mutual funds all from your smartphone with these apps.
“Someone is sitting in the shade today because someone planted a tree a long time ago,” was a quote from the well-known investor Warren Buffett.
Mutual fund investing is similar to planting a tree, you will benefit more in the long run if you begin earlier. Furthermore, investing has never been simpler thanks to mutual fund apps.
However, there are so many mutual fund apps available in India that choosing the best one can be overwhelming. As a result, we’ve compiled a list of the best mutual fund apps in India based on features like user-friendliness, fund selection, and customer service.
We’ll go over the features and benefits of each app in this article so you can make an educated choice and start investing with confidence. These apps can assist you in achieving your financial objectives and building a better future, whether you are an experienced investor or just getting started.
Coin App by Zerodha
Coin app is a mutual fund app created by Zerodha, one of India’s leading stockbrokers. The app aims to make investing in mutual funds easy and accessible for the average investor. The Coin app offers a variety of mutual funds from different asset management companies, including equity funds, debt funds, and hybrid funds.
The app allows investors to buy and sell mutual funds directly without any charges on commission or transaction fees. The app also offers a user-friendly interface that provides essential information on mutual funds’ performance and investment goals.
With Coin app, investors can easily track their mutual fund portfolios and make informed investment decisions. The app is available for free on both Android and iOS devices.
- Allows investors to buy and sell mutual funds from a variety of fund houses.
- Offers access to more than 3,000 mutual funds.
- Provides easy tracking and management of investments.
- Offers a completely paperless investment process.
- Offers seamless integration with Zerodha’s other trading platforms.
- Allows investors to create and track their financial goals.
- Provides detailed reports and analysis of the investment portfolio.
The Coin App by Zerodha has a rating of 4.2 out of 5 on the Google Play Store.
No. of Downloads:
The Coin App by Zerodha has been downloaded more than 1 million times on the Google Play Store.
|Quick fact: Zerodha’s Coin App was the first direct mutual fund platform in India, launched in 2017, and has since gained a significant user base due to its zero commission and paperless investment options.|
Kuvera is a mutual fund app that offers investment services to individuals in India. The app provides a simple and hassle-free way to invest in mutual funds and helps users achieve their financial goals.
It offers an intuitive user interface that allows users to compare and select from a wide range of mutual funds. Kuvera also provides personalized investment advice based on user risk profiles and investment objectives.
The app is equipped with advanced tools to help users track their investments, monitor performance, and make informed decisions.
Additionally, Kuvera offers low-cost investment solutions, making it an affordable option for those looking to invest in mutual funds.
- Easy to use and user-friendly interface
- Portfolio tracking and rebalancing
- SIP calculator and goal-based investing
- Tax-saving mutual funds recommendations
- Transparent and low-cost investment options
Kuvera app has a rating of 4.3 stars out of 5 on Google Play.
No. of Downloads:
Kuvera app has been downloaded more than 1 million times on Google Play.
|Quick fact: Kuvera app won the Best Mobile App for Investing award at the Global Brands Awards in 2021.|
Groww is a user-friendly mutual fund app that aims to make investing in mutual funds easy and accessible for everyone. The app offers a range of mutual funds across various categories, including equity, debt, and hybrid funds, and allows users to invest in mutual funds directly without any intermediaries.
Groww provides users with a seamless and hassle-free investment experience with zero commission charges and no hidden fees. The app also provides insightful articles, news, and analysis related to mutual funds, allowing users to make informed investment decisions.
With its easy-to-use interface and excellent customer service, Groww is an excellent choice for anyone looking to invest in mutual funds in India.
- Zero commission and no hidden charges
- Easy account opening process
- User-friendly interface
- Over 5,000 mutual funds from 35+ AMCs
- One-click SIP and lumpsum investment
- Paperless transactions
- Live tracking of investments
- Regular portfolio analysis
- Tax-saving mutual funds
4.5 stars out of 5 from over 850,000 reviews on Google Play.
No. of Downloads :
Groww has over 10 million downloads on Google Play.
|Trivia Point: The word “Groww” is derived from the word “grow” and has an extra “w” to make it unique and easy to remember.|
Paytm Money is a mutual fund app launched by Paytm, a leading digital payment platform in India. The app aims to make investing in mutual funds simple and accessible for everyone. With Paytm Money, users can invest in various mutual fund schemes of different asset management companies with ease.
The app offers various features such as paperless KYC, tracking of investments, advanced analytics, goal-based investing, and more. It also offers insights and recommendations on mutual funds based on users’ risk appetite and investment goals.
The app is secure and easy to use, making it an ideal choice for those who are new to mutual fund investments.
- Easy and paperless account creation process
- Invest in a wide range of mutual funds schemes from various asset management companies
- Robust tracking and monitoring tools to track your investment portfolio
- User-friendly interface and easy navigation
- Regular updates and news related to the mutual funds market
3.9 out of 5 stars based on 166,000 reviews.
No. of Downloads:
Over 10 million downloads
|Quick Fact: Paytm Money offers only Direct Mutual Funds that enable investors to earn an extra return of up to 1% when compared to Regular Mutual Funds. Know about the difference between regular and direct mutual funds below.|
ET Money is a mobile application that allows investors to invest in mutual funds. It is a financial services platform by the Economic Times, a leading business newspaper in India.
The app provides a wide range of mutual funds, enabling users to choose the ones that suit their investment goals and risk profile. It also offers features like goal-based investing, automated investing, portfolio tracking, and tax-saving investments.
ET Money has a user-friendly interface that simplifies investing for both first-time and seasoned investors. Additionally, the app provides in-depth market analysis, news updates, and expert recommendations, enabling investors to make informed decisions about their investments.
Overall, ET Money is a comprehensive mutual fund app that makes investing easy, accessible, and efficient.
- Offers personalized mutual fund recommendations based on user goals and risk profile
- Easy investment options with a few clicks
- Provides regular tracking of investment performance and returns
- Offers tax-saving investment options
- Offers a wide range of mutual fund options from various fund houses
- Provides investment advice and tips from financial experts
4.4 stars based on 165,000 reviews.
No. of Downloads:
Over 5 million downloads
|Trivia: ET Money was launched in 2015 and is backed by the Times of India Group.|
These are a few of the best Mutual Fund Apps you can rely on to start your investment journey. In case you are new to mutual funds and don’t know about regular and direct mutual funds, check the details below.
Difference between Regular SIP and Direct SIP
|Regular SIP||Direct SIP|
|Investors need to invest through intermediaries such as mutual fund distributors or brokers.||Investors can directly invest in the scheme without the involvement of intermediaries.|
|The fund house charges a commission to the intermediary for providing services.||No commission is charged by the fund house for intermediary services, which means a lower expense ratio for investors.|
|The commission charged to the intermediary is then passed on to the investor as an expense ratio.||The entire investment amount is utilized for the purchase of units, resulting in higher returns.|
|The expense ratio is deducted from the investment amount, thus reducing the final returns.||Investors may have to rely on their own research and analysis before making an investment decision.|
|Investors may receive regular updates and assistance from the intermediary.||The fund house provides direct investors with online access to their investment portfolio, making it easier for them to track their investments.|
Finally, the Best Mutual Fund Apps in India offer features that are highly beneficial for beginners, as well as experienced investors. They help investors to manage their investments effectively, reduce risk and increase returns.
Therefore, if you are an investor, it is highly recommended that you choose one of the Best Mutual Fund Apps in India to take the first step toward investing in mutual funds.
In conclusion, Mutual Fund Apps in India has become an essential tool for investors who want to stay updated and in control of their investments. With so many apps available, it can be difficult to decide which one to choose. However, after going through the list of Best Mutual Fund Apps in India, you can now select the one that fits your investment needs.
Which is the no. 1 mutual fund in India?
There is no single mutual fund that can be considered as the no.1 in India, as the performance of funds depends on various factors such as the investment strategy, fund manager expertise, and market conditions.
Investors should choose mutual funds based on their investment goals and risk appetite.
Which mutual funds app is best in India?
The best mutual funds app in India can vary depending on the user’s preference and requirements. Some popular mutual fund apps in India include Groww, Kuvera, Zerodha Coin, and Paytm Money.
Which app is better for SIP?
The best app for SIP depends on the user’s preference and requirements. Some popular apps for SIP in India include Groww, Kuvera, and Paytm Money.
Is Zerodha best for mutual funds?
Zerodha is one of the leading discount brokers in India and offers a platform for investing in mutual funds through a platform called Coin. It is known for its low fees and ease of use, making it a popular choice among investors.
Which is better, Groww or Zerodha?
Groww and Zerodha are both popular platforms for investing in mutual funds in India. While Groww is known for its user-friendly interface and educational resources, Zerodha is known for its low fees and wide range of investment options. The choice between the two depends on the user’s preference and requirements.
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