The popularity of mutual funds as an investment tool has increased tremendously nowadays. Though there are several reasons behind the same like great returns, better risk management, liquidity, and others, one major aspect is an easy investment. And, this high level of ease in mutual funds investment is brought by high-end technology in the form of a mutual fund application or app. If you are looking to invest in mutual funds for better returns, it is necessary that you choose the best mutual fund app in India.
What is a mutual fund app?
A mutual fund app refers to a mobile application that is intended to help people in investing their money in mutual funds. The best app for mutual funds also allows investors to explore different types of mutual funds and compare them smartly.
In most cases, all stock brokers in India have their mutual funds apps where traders and investors can not only invest in mutual funds but stocks too. There are different types of mutual fund app in India that come with great features for investors.
In this post, you will get to know the top 10 mutual fund apps in India that are extremely popular among investors at present and offer the best value.
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Coin App by Zerodha
Coin app by Zerodha allows investors to invest in mutual directly. The best app for mutual fund is available for both Android and iOS users. Coin can be used as an app or a website to invest in mutual funds. The best part about this best mutual fund app is India is that it involves zero commission.
Zerodha brought the Coin app in 2017 for direct mutual fund investment. The idea was to enable major savings for investors by allowing them to invest in direct mutual fund schemes. This way, investors can save on the commission that they usually face with regular mutual funds. There is also a provision for custom SIP plans. There is no cost of using Coin with zero account opening charges, and no brokerage or subscription charges.
Features of the Coin app by Zerodha
- A devoted direct mutual fund investment
- Opportunity to invest in direct mutual funds
- Zero commission, brokerage and subscription charges
- Option to choose between SIP and lumpsum investment payment
- Invest in direct mutual funds for better returns
- Start, pause or stop SIPs online freely without any restriction
- Check your stocks and mutual fund under a single portfolio
- Buy or redeem fund based on the defined NAV level
- An integrated statement inclusive of visualizations, P&L, and others.
- Access to various direct mutual funds from different AMCs under one account
- Available for Android and iPhone users
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ICICIdirect All-in-one app
The next best app for mutual fund on the list is the mutual fund app by ICICIdirect, one of the top stockbrokers in India. Whether you are a novice investor or an experienced investor, the best mutual fund app in India offers a simple yet intuitive mutual fund investment experience to traders and investors.
This top mutual fund in India app allows investors to choose from over 36 fund houses and 2,500+ fund schemes. It is important to note that all the schemes belong to regular mutual funds. Let’s look at some of the salient features of ICICIdirect mutual fund app below.
- Single-click mutual fund investment option
- Option to monitor the performance of each scheme individually
- Easy redemption with one click portfolio
- Spread the portfolio with diverse schemes
- Check the future value of SIP before making an investment
- Regular updates to improve the mutual fund portfolio
- Pick analysis, performance, and customization features
- Enables research-based investment portfolios
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Groww Mutual Funds app
Groww app was initially started in 2016 as a mutual fund app and later emerged as one of the most popular stockbroking apps. Backed by Nextbillion Technology Private Limited, Groww is considered one of the best apps for mutual funds investment in India.
There are no charges levied by Groww for mutual fund investment like account opening charges, subscription fees, commission, or redemption charges. The best mutual fund app in India allows investors to choose from a wide assortment of mutual funds coming from over 35 asset management firms.
- Clear user interface and straightforward design
- You have the choice to free transition from external standard mutual funds to direct mutual funds.
- A dashboard where you can view the annualized returns on all of your assets.
- A direct mutual fund platform that enables you to increase your return by at least 1%.
- Mutual funds that have already been assembled and are divided into a number of categories, including equity, debt, hybrid, solution-oriented, and others.
- Grouping mutual funds according to risk, fund size, and investing style.
- Ability to invest in SIP or lump sum mode, as well as the ability to compare mutual funds against crucial parameters like NAV, risk, and returns.
- Over 35 mutual fund partners, 5000 mutual funds to choose from.
- There are no fees, transaction costs, or other costs levied by this best app for mutual fund investment.
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Paytm Money Mutual Funds App
Paytm is already a wonderful name in the financial segment. Paytm’s main function is to be used to pay vendors, but it also offers other financial services that you may simply choose from. Install the Paytm Money app, then start using it. You may design your financial portfolio and obtain a 1% greater return on the Paytm money app. You can also choose from a number of investment plans on this best app for mutual fund.
In addition, the app doesn’t have any additional fees if you often purchase or sell mutual funds. To start your financial investment plan and open an account on the Paytm Money app, it simply takes 30 minutes. Paytm makes sure you receive high-quality service while creating your account, and as a result, the registration procedure is completely paperless. Hence, download the Paytm Money app and organize your finances carefully.
- Simple user interface for a seamless mutual fund experience
- An intelligent and robust search that allows investors to sort available schemes by name, category, fund manager, and rating.
- Mutual Fund ratings from reputable research organizations.
- A capability to see the funds with the best returns in each category.
- Comprehensive data about the fund manager.
- Quick withdrawal of 90% of investment funds, up to a maximum cap of Rs. 50,000.
- Grouping mutual funds based on risk, fund size, returns, investing method, and time period to make selection easier.
- Regular updates regarding the portfolio.
- The ability to access different mutual fund statements, such as Portfolio Holding, Transaction Summary, Tax Saving, etc.
- SIP alerts sent on time.
- Advice on the ideal SIP dates for maximum returns.
- A riskometer that shows the type of risk associated with each plan.
- A feature for setting monetary objectives for goal-based tracking.
- Option to start SIP of as low as Rs. 100
- Compare schemes/funds belonging to same category
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Kuvera
Another best app for mutual fund investment is Kuvera. You can easily establish an account on Kuvera in a few minutes thanks to its distinctive and straightforward user experience. You may manage joint family accounts, build your own financial portfolio, and monitor your investments. The best mutual fund investment app also features a straightforward yet useful dashboard where you can get all the details of the insurance, financial plan, and SIP. It also enables you to make life objectives and assess your progress. Also, it suggests hot mutual funds that might help you reach your objective.
The salient features of this best app for mutual fund in India are:
- Can be downloaded on all devices
- 16 lakh investors
- SIP/Lumpsum Calculator
- Fastest way to start investing in mutual funds
- Create a personalized financial plan given your specific financial objective
- Easiest way to search fund and start SIP
- Can also be accessed on the web
- SEBI-registered
- No charges for investment in direct mutual funds
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ET Money
If you are looking to invest in mutual funds, ET Money’s mutual fund app is one option you can’t choose to overlook. Already associated with a reputed name like Economic Times, the app is an award-winning option that can provide numerous benefits. It is very easy to set up an account on this best app for mutual fund and start investing.
The financial calculator on the app is the most intriguing feature; all you have to do is enter a goal, and the software will then instantly propose a number of mutual funds investing strategies. Also, it features a very simple approach for integrating with other payment applications like GPay, PhonePe, Paytm, etc. The personalized portion of this app, which displays the top mutual funds to invest in based on the mutual fund scheme’s previous performance, is its important feature. This top mutual fund app in India is perhaps the finest one for mutual fund investments.
Its major features are:
- Direct investment in mutual funds
- Zero commission
- Wonderful investment ideas such as Top Tax Saver (ELSS) Funds, Best Index Funds, and Mutual Fund for Beginners
- Opportunity to earn up to 1 % higher returns through the best mutual funds app
- Investment in SIP or lump sum amount
- Completely paperless account opening procedure
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Angel Bee Mutual Fund App
An all-in-one investing app, Angel BEE, offers a one-stop shop for all of your mutual fund investment requirements. You may easily manage your mutual fund investments, SIPs, and other investment plans with the use of the Angel BEE App.
By tracking all client investments on this app and actively alerting users whenever there is a need to leave and reinvest, ANGEL BEE, unlike other apps that provide investment suggestions, helps its users reach their goals faster.
- With this best mutual fund platform, you can quickly begin your mutual fund investment goal.
- Use the smart consulting service of Angel Bee to assess your financial health and identify areas for improvement.
- You can effectively characterize your goals, compute your SIP, and add up to achieve them.
- With the help of this best mutual fund app, you can choose to invest in the top ELSS mutual funds and reduce your tax liability.
- Your finances can be managed more effectively with the implicit spending tracker.
- The software provides a modern user interface that makes trading mutual funds easy and convenient.
- It contains a specific Mutual Fund Calculator that you may use to quickly and conveniently determine the exact amount each time.
- The app has a specific SIP Returns section.
- Available for iOS and Android users
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myCAMS Mutual Funds App
myCAMS is one of the simpler and light-weight apps on our list. Everything is readily available to use because of the small file size and straightforward interface. myCAMS avoids confusing you and streamlines the process of investing in mutual funds for you.
Furthermore, it has a tonne of features despite not being highly aesthetic software. There is a PIN and pattern login option. Afterwards, you may open new folios or see your current MF portfolio. You may also quickly set up your SIP, make purchases, switch, and do whatever else you find practical, effortlessly.
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Money Control Mutual Fund App
This investing app has interactive elements, making it the star of investment applications. Money Control not only makes it possible for you to monitor your stock performance but also your mutual fund assets. You may use the app’s voice search for stocks and indexes on this top mutual fund app in India and access it in Gujarati, Hindi, or English. Using numerous portfolio accounts, tracking ULIPs (Unit linked insurance plans) and commodities is also easy.
You may follow your favorite topic on discussion boards and live TV, in addition to receiving news updates. A distinctive on-the-go function is a voice search and a currency converter. On the NSE and BSE, you may invest in mutual funds and get real-time alerts on stock movement and the top gainers and losers (Indian stock markets). The setting up of SIPs as well as their cancellation is enabled, as are transactions like investments and redemption.
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KfinKart
This feature-rich software enables one-touch login. It is managed by Kfintech, an additional registrar and transfer company. This software offers a single view of your investments and lets you manage transactions promptly, much like myCAMS does. The investor can easily navigate the app, according to the app’s claims.
The connecting of several folios is an additional intriguing aspect. You can manage your family’s finances using the same software that you use to manage your assets. To further make wise judgments, you can gain insights into your investment behavior. Other distinguishing features include automatic data updates and screen notifications when using the app. Reinvestments, SIP launches, and redemptions, among other transactions, are supported.
The Conclusion
So, whether you want to invest in mutual funds through SIP mode or lumpsum mode, choosing the best mutual fund app in India not only brings high levels of ease but also allows you to make better profits by saving your money from unnecessary charges. However, it is important to do thorough research on all the top 10 mutual fund apps in India and choose the one that matches your investment goals perfectly.
FAQs
Which mutual fund app in India is considered great for SIP investment?
There are several mutual fund apps in India that promise an easy and effective SIP investment to investors. All you need to do is research and find the best matching app for your needs.
Which is the best app for mutual funds?
Some of the most popular apps to invest in mutual funds are Coin by Zerodha, Groww, ET Money Mutual Fund App, Scripbox, Paytm Money Mutual Fund App, Kuvera, and myCAMS Mutual Fund App.
Can I stop the SIP?
Yes, today, most mutual fund apps in India allow investors to cancel, pause, and resume their SIP at any time.
Is it safe to invest in mutual funds through a mutual fund app?
Yes, it is completely safe to invest in mutual funds through a mutual fund app. These apps follow high-end safety protocols to safeguard their clients’ data which ensures transparent and reliable transactions.
Which is good, SIP or lump sum investment in mutual funds?
For people who want to stagger their mutual fund investments without incurring additional costs, the SIP investing style is suitable. Investors can use the lump sum method to invest in mutual funds if they have extra money.
How can I ascertain that a mutual fund app is safe to use?
Before shortlisting and settling on the safest option, you must perform some basic due diligence on several mutual fund apps. Check to check if the app has an AMFI ARN Code and is registered with the appropriate regulators.