Mutual funds are one of the top platforms for investment. Choosing the best investment app depends on reviews, ratings, categories, benefits, and much more. We have done complete research to find the best app for mutual fund offering optimum benefits. We have also compiled some FAQs at the end to help you answer mutual fund related queries.
Top 10 Best Apps For Mutual Fund In India
In this article
Free Third-Party Direct Mutual Fund Apps
1. Groww App
This Bangalore bases startup has made investment hassle-free and easy. This was started by an ex-Flipkart employee who was aiming to make mutual fund investment simple and accessible to everyone.
The app aims at providing correct portfolio advice for your investment goals. The interface of the app is very interactive and handy. With some expert recommendations, you can start your investment as a beginner. It is the best app for mutual fund investment.
You can also start a New Fund Offer (NFO), Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP), with the help of Groww. Also, for providing more convenience to its customers, Groww has added UPI as a payment option.
1. Kuvera Mutual Fund App
This bank is founded by ex-investment bankers and in s Robo – advisory startup. Here you can invest in mutual funds at no commission. This is one of the best mutual fund app in India and it offers a direct plan from more than 36 mutual fund houses. This is the best mutual fund analysis app.
If you are having a regular plan for the mutual fund, you can easily jump to a direct plan with the help of Kuvera. With the help of this app, you can also save lots of commission, which you might have to pay in case of other regular plans.
Kuvera is a goal-based platform for investment. It is also helpful to know financial goals upfront before starting any investment with Kuvera.
This investment app also helps in visualizing the target which you want to achieve in a certain time.
2. Goalwise Mobile App
This investment app was started in 2016 and is based on the motto of “Goal Bases Investment” for mutual funds. With the help of this app, your investment will become hassle-free, smart and easy. This app has a rating of 4.7 on the google play store, which is highest among all the investment apps.
This app is more than just a DIY (Do It Yourself) investment platform this is one of the unique platforms for investment in mutual funds. You will get 100% automated financial planning features, without paying a single rupee. Above all, all the investments that happen here are for direct mutual funds.
With this app, you will get benefits for scientific financial planning and extra returns for regular funds. The main logic of this app is to invest in the right funds is just the beginning. Investors should exit any non-performing funds at the right moment. There should not be any emotion attached to the same. This is one of the best apps for mutual fund distributor
With the help of proprietary algorithms, Goalwise has made the process automated and 100% scientific. Also, when you reach near to your goals, the platform of Goalwise will move your investment to a safer place of a debt fund.
This platform is best for new investors who are not sure how to, and where to invest. This app will help in making the process automatic, based on risk profiles and needs.
3. Groww App
This Bangalore bases startup has made investment hassle-free and easy. This was started by an ex-Flipkart employee who was aiming to make mutual fund investment simple and accessible to everyone.
The app aims at providing correct portfolio advice for your investment goals. The interface of the app is very interactive and handy. With some expert recommendations, you can start your investment as a beginner. It is the best app for mutual fund investment.
You can also start a New Fund Offer (NFO), Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP), with the help of Groww. Also, for providing more convenience to its customers, Groww has added UPI as a payment option.
4. Piggy App
Piggy is a y Combinator funded startup that aims at making mutual fund investment convenient for new investors. This app is based on AI (Artificial Intelligence) platform where you can easily ask your questions related to your investment, also you will get complete assistance from the team of Piggy app.
Along, with buying mutual funds directly at no cost, you can also get additional facilities for tracking your EPF. It also enables you foe linking your EPF account, check projected retirement EPF balance, and view your EPF. This is the best app for mutual fund analysis.
5. PaisaBazaar Mobile App
One of the best apps for mutual fund comparison. Yashish Dahiya and Naveen Kukreja are two brains behind this app. This investment application provides complete financial solutions ranging from business loans, personal loans, insurances to mutual funds.
This is the best app if you are looking to manage multiple financial services via a single application. You can also get a credit card, apply for a personal loan, check credit score, open a savings account, and make the investment in direct mutual funds via PaisaBazaar.
If your sole objective is investments, then you can skip paisa bazaar, however, if you are looking for multiple functionalities, then this is the best app for you.
Many other investment apps concentrate on business segments only. They provide you more specialized services for making your investments easy. Also, the chances of upselling and cross-selling are higher with this investment app.
6. ET Money Mobile App
This app is an official arm of TOI (Times Of India) Group. This deals in big digital brands like Magicbricks, Economic Times, and Gaana
They hold very strong expertise due to a strong foundation in digital space. This app also offers personal financial solutions to you via their complete automatic platform.
With the help of this app, you can find the best financial products, purchase them, and manage them at zero cost. You can also get a fast loan, insurances with this investment app. You can track your expenses and can directly invest in mutual funds. ET money is the best app for mutual fund tracking.
This investment app holds a unique feature i.e. smart deposit, which helps you to invest as per your idle savings in your liquid funds apart from the savings account. This generates high returns.
This app has claimed to have crossed a sale of Rs. 500 Crores in 2 years of its release. Like PaisaBazaar, you can also take advantage of multiple financial services.
7. Clear Funds App By MobiKwik
This mutual fund investing app was built and scaled bu Kunal Bajaj, who was a rank holder Chartered Accountant. Later on, he was acquired by Mobikwik.
This app was aimed at creating a stack of personal financial solutions for new generation customers, by creating mobile as a device around which a complete financial mechanism revolves.
With the help of this app, you can invest directly in mutual funds, get instant loans, recharge your phone, get insurance, pay bills, etc. The services offered are quite logical, because this app serves as a digital wallet with the help of which you can pay for complete financial services.
8. Paytm Money App
This investment app holds its roots in Indias biggest digital wallet company “PayTm” started by Vijay Shekhar Sharma. The Creator of PayTm money publicize the incursion of PayTm into the booming wealth business.
This app is blessed with an automated system that helps you in selecting the correct fund, based on your investment goals. You can also choose funds depending on various criteria like invest to save tax, better than fixed deposits, invest in large companies, etc.
This app is successful in recording sentiments of investors by making the platform very user friendly.
9. Karvy Mobile App
Karvy is the oldest investment company in India which offers multiple financial services like distribution of financial products, wealth management, personal finance advisory, and stockbroking.
This is the officially designated registrar of a direct mutual find house. They keep records of investor transactions for mutual fund houses.
Karvy is old among all investment applications, and because of this it is popular among conventional investors, however, it is becoming weak in front of new tech-savvy investment apps.
This app never allows new investors to invest directly.
10. CAMS Mobile App
This is another old player in the race of providing financial services. This all services 8 mutual funds. They are officially designated, registrar. Reviews of the app are not so cool, and the transfer of funds is also slow.
Mutual funds app can be divided into three sections.
- Free third party direct mutual fund apps
- Free mutual fund apps by AMCs
- All in one mutual fund, Demat and trading investment platforms
Free Third-Party Direct Mutual Fund Apps
With the help of the below-mentioned apps, you can deal with mutual funds directly, also these apps are free to use. In this category, you can get the benefit of start-ups which are trying to introduce an interactive platform for enabling DIY (do it yourself). Here you can make investment choices by yourself and can also manage your money by yourself.
These helps are based on the latest technical interface like artificial interface, and also provide automatic investment suggestions to you. Sometimes these apps are also referred to as Robo advisor platforms i.e. there will be zero or no human intervention in offering financial advice.
Free Mutual Fund Apps By AMCs
House of Mutual Funds has their investment applications with which you can easily invest in direct mutual funds of some specific house.
These apps are perfect if you wish to invest in a specific and secure mutual fund house. Also, if you wish to invest in various mutual fund houses, then you have to download the respective app for each AMC.
Below is the list of Mutual Fund Apps from AMCs.
1. IPru Touch App by ICICI Prudential Mutual fund
If you are interested in investing in ICICI Prudential mutual funds, then this investing app is best for you. Here you can invest in any of the Prudential Mutual Fund offered by ICICI. Multiple features are provided by this app like planning investment goals, SIP, downloading e-statements for finding current NAV for mutual funds.
2. InvestTap Mobile App by SBI Mutual Fund
Investtap offers investment solutions compatible with your requirements and dream. This also helps in planning your financial goals via a mix of calculators and tools.
If you wish to purchase a direct mutual fund of SBI only, then this app is perfect for you. Here, you can make a focused approach during an investment. All the investments can be accessed via download e-statements, start SIP, etc.
3. FinGO App By Birla Sunlife Mutual fund app
This wonderful investment app offers a complete solution of mutual funds by offering advice to new investors and by making a direct purchase option for old investors.
Here the mutual fund offerings are categorized in four i.e. tax solution, wealth creation, income solution, and savings solution. App provides a user-friendly interface, offering access to account statements and portfolios. You can easily switch, redeem, purchase between Birla Sunlife, and mutual funds.
4. EasyApp from Axis mutual fund
With the help of easy to use Axis Mutual Fund app, you can easily do transactions, anywhere, and any time. The app is good for new and old users. You can easily switch, redeem, purchase, and start using SIP with the help of this app.
The best feature of this app is “Insta redemption” which permits you hassle-free redemption of liquid funds.
5. MF Online Mobile App by HDFC
If you are looking to invest in HDFC mutual funds, then go for this investment application. Here you can easily open an account and can invest. Also with the help of online support, chats, and calls, investments are handled easily.
All In One Mutual Fund, Demat, and Trading investment platform
With all the investment apps mentioned below, you will get three benefits in one go i.e. you will be using Mutual funds, Demat account, and Trading account with a single application installed on your device.
If you are looking for an application where you can access all these with few clicks and at one place, then below apps are perfect for you.
Below is the list of All In One Mutual Fund, Demat, and Trading investment platform
1. ICICI Direct mobile App
ICICI Direct mobile app is an investment services arm and retail trading of ICICI securities. This app offers multiple varieties of services varying from mutual funds, options for bonds, futures, and equity trading, etc.
For making a lumpsum investment in mutual funds you need to pay Rs. 100 and for SIP you need to pay Rs. 30 or 1.5% of the amount invested, whichever is less.
These investment applications offer direct services and are ideal for investors who are well experienced and wish to invest in multiple options at a single time.
These investors can keep complete track of all their investments in a single application, however, you should check the pricing of multiple services.
2. Zerodha Mobile App
This investment application is India’s first discount brokerage company initiated by Nitin Kamath. It offers bonds, mutual funds, commodity trading, currencies, institutional broking, and retail broking.
With more than 8 Lakh customers, they have become the biggest retail broker investment firm in India. Recently they have got “Best retail Brokerage Firm in India for 2018” by NSE.
You can access their mutual fund services vis an app known as COIN which can be accessed free of cost. Also, for equity trading, brokerage is, flat Rs. 20 each order.
This is the best option for intraday investors who wish for twin benefits of investing in mutual funds and equity at a reasonable cost.
3. 5Paisa Mobile App
This is an online platform for IIFL (India Infoline), which is India’s leading financial service company. This app offers services associated with online insurance, online mutual funds, and online trading.
The trading competitive price charges by 5Paisa is Rs. 10 per transaction, however investment in mutual funds can be made free of cost.
This app also has a special feature known as Robo advisory which permits full automatic personal advisor to select the plan and arrange investment goals based on portfolio.
FAQs
Q. Are there any Exit/Entry charges?
No, there are no charges for entry or exit.
Q. How can I redeem my investment?
You can easily redeem your money by choosing the redeem option in your dashboard. This may take some working days, depending on the investment app you are using, however, you will get the notification for the same.
Q. How many investors a joint account can hold?
Maximum three investors are permitted for a joining investing account, however, the same may vary from one app to another.
Q. How long it will take for the redemption process to reflect in my bank?
The amount will be transferred to your bank account within 2 – 3 minutes, however, sometimes it will take 30 minutes also.
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