by Admin - 2024-12-09
Investing in mutual funds have become significantly popular nowadays. Today investing through SIP or lumpsum is extremely easy with the help of mutual funds apps available. However, for beginner investors, often it is hard to find the right mutual fund investment app to invest in.
Mutual fund apps are modern and convenient investment tools. Several mutual fund apps are available on the market, making it easy to trade online. However, not every tool will be suitable for your investment needs. You must understand their features and offerings, analyze if they meet your requirements, and select an app accordingly. Plus, each app has charges that may not suit your budget. Thus, ensure you wisely opt for a mutual fund app that helps you meet your goals.
To help you make a good choice, we will provide insights on different mutual fund apps suitable for SIP or one-time investments. Our comparison of the 10 best mutual fund apps will help you choose the best one for your investment journey.
A mutual fund app is a digital tool that allows users to focus on their investment journey under a single platform. It allows you to invest, track, and maintain a diversified portfolio with the ability to monitor every investment every minute. Its user-friendly interface with tutorials and advisors available across most platforms makes it useful for beginners.
These applications offer varied investment options across multiple fund options. Mutual fund applications enhanced with technology offer convenience and a seamless investment journey. These apps are mostly available on both Android and iOS.
Here are some of the best mutual fund apps in India that are most popular among different types of investors.
Trading Apps | Rating | Account Opening Charges | Features |
Zfunds | 4.5/5 | Zero | Real-time WhatsApp updates |
Groww | 4.9/5 | Zero | No transaction charges and hidden charges |
Paytm Money | 4.8/5 | Zero | Clean and easy user interface |
ET Money | 4.3/5 | Zero | Smart portfolio tracker |
Zerodha | 4.7/5 | Zero | Option to invest, change, and pause SIP anytime |
Angel One | 4.7/5 | Zero | Built-in expense tracker for smart money management |
Kuvera | 4.4/5 | Zero | Family accounts under a single login |
Upstox Pro | 4.5/5 | Zero | Real-time market updates and detailed portfolio tracking |
KFinMart | 4.2/5 | Zero | All-inclusive reporting tools and easy KYC procedures |
myCAMS | 4.3/5 | Zero | Extremely secure mobile app |
ZFunds is considered the best mutual fund app in India, known for its user-friendly interface. If you have a specific investment goal in mind, this is one app that provides a wide range of tools that would help you explore, invest, and efficiently manage mutual funds. The app lets you explore a wide range of mutual fund schemes from all leading asset management companies. You can choose to search for them, compare their benefits, monitor performance, and make sound investment decisions.
You can explore various educational resources and insights that would help you understand market trends and improve your overall investment strategy. Zfunds provides an easy, effective, and seamless investment experience to all types of investors.
Pros:
SEBI-registered app maintaining premium data security.
The app allows you to invest a minimum of Rs 100.
It is easily accessible on the phone.
Real-time market updates for improved decision-making.
Cons:
Has a commission fee.
Customer support may not be excellent every time
Personal information must be provided at your own risk
You may extensively diversify your portfolio.
Groww is a popular SEBI-registered mutual fund app. It is India’s one of the most popular and growing mutual fund app in India. It started its journey in 2016 as a direct mutual fund investment platform. Later, it expanded its product offerings by including other investment products in its portfolio.
The investors have the option to either invest through the Groww website or the Groww mobile app. The app allows investors to browse through 5000+ mutual funds in which one can invest through SIP or lumpsum method. One can also switch from regular mutual fund plans to direct mutual fund plans and get extra returns.
The best part of the Groww mutual fund app is that it allows investors to enjoy brokerage-free mutual fund investment. There are no transaction charges, redemption charges, or commissions charged by the platform.
Pros:
Offers an easy-to-use application with extensive fund options.
Has low trading charges- Rs 20 per order.
Smart investment with smart onboarding experience.
Provides educational blogs and tutorials.
Cons:
Lacks certain trading functionalities like bracket and cover orders.
Lacks technical support if an order is incomplete or cannot be purchased.
Groww has paused its NRI services, limiting investment opportunities for the group.
Does not provide research reports or stock tips.
Paytm Money is one of the fastest-growing apps for mutual fund investment. The platform started working in 2017 and is a wholly owned subsidiary of One97 Communications Limited, the country’s leading digital goods and mobile platform.
Investors can choose to invest in direct mutual funds through Paytm Money, a leading all-in-one mutual fund app. The company has a link with 38+ Asset Management companies spanning nearly 96% of Industry Assets Under Management (AUM). The app also allows users to switch from regular mutual fund plans to direct mutual fund plans and get 1% extra returns. The app also features a free risk profile assessment feature that helps them decode their risk appetite before making any investment.
It is a SEBI-registered mutual fund app and levies no transaction charges, commissions, or hidden charges.
Pros:
Simple and easy-to-use interface for both beginners and seasoned investors.
It offers low brokerage fees with a flat fee of Rs 20 per order.
Offers portfolio diversification across multiple funds.
Provides blogs and learning material suitable for both beginners and seasoned investors.
Cons:
Does not provide trading accessibility to NRIs.
It lacks proper customer support.
It has no branch support.
Does not allow trading in commodities and currencies.
ET Money is a fully loaded financial services app that provides a wide range of products and services. Made to bring ease to financial planning, the app enables users to buy insurance, invest in mutual funds, handle expenses, and apply for loans from one place. It has a user-friendly interface. In regard to mutual funds investment, one can invest in SIP and track their portfolio anytime, anywhere.
Being a part of the Times Internet group, ETMoney adopts a reliable, innovative, and secure approach to personal finance management, for both new and experienced investors.
Pros:
No commission charges for mutual fund investments.
Offers a wide array of financial products allowing financial feasibility to users.
Easy-to-use dashboard for appropriate investment tracking.
It provides model-based triggers to provide investors with triggers for consistent and stable returns.
Cons:
Requires monthly subscription fees for advanced services.
The app receives occasional glitches and complaints.
Mixed reviews on customer responses.
It does not provide the option for stock trading.
Zerodha Coin mutual fund app offers an exemplary stock investment experience. The Coin app by Zerodha also offers its users an easy and effective way to invest in mutual funds. The best direct mutual fund app lets users browse through 0% direct mutual funds and NPS investments in an easy and effective way.
Whether you are a beginner or a seasoned investor, the app promises an avant-garde mutual funds investment experience at any point in time.
Pros:
Charges flat Rs 20 per order for equity and intraday trading.
Provides an intuitive and simple interface for users.
No commission on direct mutual fund investments.
No hidden charges are applicable.
Cons:
Customer support is not very responsive.
The account opening process can be slower than expected.
Covers only the Indian market.
Allows NRIs to open a Demat account only through an offline process.
Set up in 1987, Angel One is considered among the top full-service stockbrokers in India. Angel Bee, the mobile app by Angel One offers an easy and effective way to invest in mutual funds to investors. There are different mutual fund categories available to choose from including debt, growth, ELSS, tax savings, etc.
The mutual fund app comes with ARQ – an advanced, intelligent engine that gives personalized investment recommendations to investors. You can invest in mutual funds anytime, anywhere.
Pros:
Provides a diverse range of investment options, including stocks, commodities, mutual funds, and more.
Offers a simple and holistic trading experience with the mobile app.
No brokerage charges for equity delivery.
Offers detailed and well-research reports for profitable trading.
Cons:
Trading is available for only Indian residents.
Does not provide trading in SME shares.
It does not offer a 3-in-1 account.
Reviews depict cross-selling pressure from Angel One customer care executives.
Kuvera is another best app for mutual funds in India. It is very easy and quick to register yourself on the mutual fund app thanks to its easy and smart user interface.
The mobile app is known not only for its smart interface but also for its exceptional transparency, easy usage, and security. This makes it a great option for both new and seasoned investors looking to get optimized returns on mutual fund investments.
Pros:
No commission for mutual fund investment.
Helps you track investments and returns with tools.
Offers a user-friendly platform for seamless investment.
Allows to manage multiple accounts in one platform.
Cons:
Does not provide stock trading and advanced financial products.
It provides limited research reports for comprehensive trading.
Has no physical branch for in-person support.
Reported delays in customer responses.
Upstox is a powerful tool for investors looking to easily monitor and optimize their mutual fund investments. The mobile software, created by Upstox, a well-known stockbroking company in India, delivers a smooth and effective platform when it comes to investing in a variety of mutual funds. Even novices may use the app because of its user-friendly UI, which streamlines the investing process.
To assist users in making well-informed investing decisions, the app offers tailored suggestions based on the investor's financial objectives, risk tolerance, and market trends. The Upstox mutual fund app also provides a wide range of features that give investors all the resources they need to keep an eye on and maximize their assets.
Pros:
Charges flat Rs 20 per order.
Provides advanced trading mobile and web platforms with charting tools and data.
Offers a variety of trading options, including mutual funds, stocks, commodities and IPO.
Seamless digital onboarding and trading experience.
Cons:
Offers both regular and direct plans for mutual funds.
Allows NRIs to open accounts only through offline processes.
Does not offer stock tips or recommendations.
Does not offer a Demat account.
Designed and developed by KFin Technologies, the KFinKart mutual fund app delivers a user-friendly interface that enables all types of investors to invest in mutual funds from various Asset Management Companies (AMCs) under a single platform. The users can perform different types of transactions such as purchasing, redeeming, and modifying funds, along with the setup of Systematic Investment Plans (SIPs).
Pros:
Offers easy to navigate and investment.
Comprehensive investment analysis with detailed insights.
Easy and seamless account opening ability.
Centralized dashboard for easy investment management.
Cons:
Focuses on mutual funds and no stock trading availability.
Often experience delays in customer response.
Offers no physical or in-person support.
The app can be sometimes difficult to navigate due to limited UI.
myCAMS mutual fund app is developed by the Computer Age Management System (CAMS). This easy-to-use mutual fund app allows an easy and smart way to invest in a wide range of mutual funds anytime, anywhere. There is a desktop version of the software that can be accessed through the CAMS website.
The SEBI registered mutual fund app allows investors to perform a wide range of things including starting a SIP, redeeming or switching, subscribing to NFO, starting a new folio, etc.
Pros:
Its simple interface is easy to use for beginners and experts.
Can invest across a wide array of mutual fund options.
Allows real-time tracking of the portfolio with market data and updates.
Facilitates easy digital account opening and onboarding process.
Cons:
Does not offer other investment options, including stocks or ETFs.
The customer support system is often weak.
No direct stock trading or advanced investment options.
Sometimes lacks proper website and app management.
Mutual Fund App | Downloads | Customer Support | Top Features |
Zfunds | 7 Crore+ | 24/7 Support | Perfect for Beginners |
Groww | 2 Crore+ | Excellent | Ideal for small and medium investors |
Paytm Money | 10 Crore+ | Excellent | Has all the trading options |
ET Money | 5 Crore+ | Responsive | Stock trading is fast |
Zerodha | 2 Crore+ | Reliable | Best for instant investment |
Angel One | 20 Lakh+ | 24/7 Support | Better research and insight |
Kuvera | 50 Lakh+ | Competitive | Secure and all-in-one trading solution |
Upstox Pro | 30 Lakh+ | Reliable | AI-powered insights and diversified options |
KFinMart | 1 Crore+ | Competitive | high-performance trading app |
myCams | 2 Crore+ | Responsive | For cost-conscious traders and global investors |
If you are looking for an easy and effective way to invest in mutual fund apps, you can choose from the top 10 mutual fund apps in India. It is necessary to choose the best app for mutual funds that can promise a smart way to invest and manage mutual fund investments without incurring heavy commissions.
According to experts, it is recommended to do thorough research before finalizing the best direct mutual fund app. With so many mutual fund apps available to choose from, it won’t be much difficult to find the most appropriate app
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