The Best Mutual fund app in India is being used by a large number of people these days. Mutual funds help diversify your funds and give tax benefits as well. Investing in mutual funds has gotten easier than ever because of many mutual fund apps. These are preferred by many over the traditional method of investing in mutual funds. Mutual funds provide various benefits to investors.
Through these apps, investors can easily purchase mutual funds without any distributor. With so many best mutual fund app in India, it could be confusing to find the right one. Here is a list along with their charges, services, and further information.
Best Mutual Fund App In India 2024
In our personal view, Upstox is the best mutual fund app in India 2023. Upstox is one of the largest investment platforms in the county, with over 50 lakh plus users. It has an easy-to-use interface and convenient features. Investing in mutual funds over this app allows you to choose from over 2,000 mutual fund schemes. Along with a variety of options, it easily helps you track your investment portfolio in real-time. Investing in direct mutual funds does not require any commission fees on Upstox, which is a great advantage.
You can earn higher returns on direct mutual funds. The investment could even be as low as five hundred rupees. This app offers 100 percent paperless account opening, and you can transfer or add funds easily within the app to Google Pay, BHIM, or net banking. It also offers enhanced and informed charting tools to help you make easy decisions.
5paisa is the most popular mutual fund app in India today. It is also a simple and easy way to start investing by creating an account or starting SIP. This app allows you to buy mutual funds, including direct funds, regular funds, or NFOs. Their account opening process is completely paper-free and does not consume much time. The app design is simple and easy to use. You can invest as low as 100 rupees on this app. This app provides 100 percent bank-grade security and is very easy to use.
The UI is simplified for faster use, dashboard and the rest of the app design is very appealing. The app can provide you with all the fund details comprehensively for easy and fast understanding. It suggests schemes that are interest-based and suitable for you. It is also able to show the past performance of funds through the east to interpret charts. It aids in the best fund collections according to your goals. It also comes with a lump sum calculator to make the calculations easy for you.
With the Groww mutual fund app in India, investing is too easy, fast, and convenient. You can create your account without any paperwork on this app. It has a zero % commission fee for investment in mutual funds and SIPs. This requires you to do only one KYC for your account to start running. You can use various filter options to easily find the most suitable mutual fund investment schemes in the metrics. It comes with a mutual fund or SIP calculator and helps you estimate the returns for investment over time.
For all direct mutual funds, you will be able to earn up to 1 % returns. If you wish to convert regular funds into direct funds, it can happen easily and won’t require you to pay for it. To track and analyze all your mutual investment funds, the app provides easy charts and data analysis. The app Groww is registered with AMFI and SEBI along with all the mutual fund companies.
4. Paytm Money
Paytm Money lets you enjoy fully digital KYC along with a completely paperless account opening. By investing in Direct Mutual Funds Schemes, you can get up to one percent higher returns on this app. Buying and selling of direct mutual funds are free of charge and very convenient on Paytm Money. The app is very easy to use. It gives a detailed history of the funds and helps you choose the right Mutual funds scheme easily.
It has a Smart Notifications feature when an index has hit a price, and you can also set price alerts. The Brokerage Calculator that comes with the app gives you a breakdown of all the charges to ensure maximum transparency. This app has very efficient bank-level security so that you can invest without any fear of theft. Overall, the app is very easy to use and used by more than ten lakh people.
Zerodha is the commission-free mutual fund app in India as of 2023. Yes, it allows investors to invest in commission-free direct mutual funds schemes. It varies up to a range of forty fund houses. The app is already being used by around 2.5 lakh investors in the country and has gained many positive reviews. It helps you easily search and discover suitable schemes and provides detailed information about the schemes.
The app has a feature of short videos where the fund managers explain their funds to better understand them, which is very convenient. You can fund your purchase orders instantly through UPI payments on this app. The app will show you accurate schemes from different categories to help you find the most suitable one.
INDmoney is a widely used mutual fund app in India that does not require any commission fee for you to make an account and start investing. INDmoney is safe and private. It secures your data with encryption, and your information is not shared with any third-party application.
On this app, you can invest in mutual funds at zero cost. It auto imports your mutual funds from banks and apps such as Groww, Zerodha, ETmoney, Paytm Money, CAMS, Karvy, HDFC & ICICI. You can switch from regular to direct mutual funds at zero cost and earn up to 1.5% higher returns. It gives you a wide variety of commission-free mutual funds to choose from, including ICICI Prudential, HDFC, NIPPON India, Axis, PPFAS, Aditya Birla & Mirae.
- Visit INDmoney.com for current pricing
- Or read our full review on INDmoney
7. ICICI Direct
ICICI Direct offers over 2,500 mutual funds for you to choose from, and these are from over 36 fund houses in India. The app offers regular mutual funds. It charges 30 rupees or 1.5% of the investment value.
This is based on which one is lower per transaction for investing through the SIP route. For investing in a mutual fund through lumpsum mode, it charges rupees 100. ICICI Direct allows various categories of mutual funds for you to choose from. These include senior citizen pension plans, retirement plans, tax-saving schemes, vacation planning schemes, equity funds, debt funds, hybrid mutual funds, balanced funds, etc.
Kuvera mutual fund app in India allows for only direct mutual funds. You can save over 35% over a span of 20 years. For investing via SIP or in lumpsum, you can start with money as little as 500 rupees. Kuvera also aids in transferring your investments from existing apps such as Groww, INDWealth, Paytm Money, Coin without charging any extra fee.
On Kuvera, you can easily switch from regular to direct mutual funds. The app is safe and protects your data with the help of encryption. It is already being used by over 5 lakh plus people in the country.
- Visit Kuvera.in for current pricing
- Or read our full review on Kuvera
FundsIndia is a hassle-free paperless transactional mutual fund app in India 2023. You don’t need to pay any extra fee for opening your account and start investing in this app. This app is perfect for you if you are new to mutual fund investing as it provides a free financial advisory service. You can have your own financial advisor (SEBI registered) to evaluate your portfolio periodically and give your recommendations customized according to your needs and past track record.
On this app, you can SIP investments in top mutual fund companies on a unified platform. It provides a SIP calculator that helps your figure out the best funds to invest in according to your needs. You can start from a thousand rupees per month.
- Visit FundsIndia.com for current pricing
- Or read our full review on FundsIndia
myCAMS is the latest addition to our best mutual fund app in India 2023 list. It offers easier, faster, and smarter ways of investing in mutual funds. The app is safe to use and does not save any of your information. Via this app, you can access your investments across multiple mutual fund apps easily and quickly. It has a two-fact authentication feature for advanced security.
You can switch from regular mutual funds to direct mutual funds easily. The investment could start from as low as 500 rupees and is easy to keep track of and analyze. The app provides you with easy-to-read charts and analyses of the past records of the mutual fund schemes for you to make the best decision possible.
- Visit myCAMS.com for current pricing
- Or read our full review on myCAMS
The market offers various apps that give easy handling and investing in mutual funds. The above list of the ten best mutual fund apps in India in 2024 gives you insight into each of these apps and their features to help you pick the best one for yourself. You must compare and see which Mutual fund app works the best for you.
What is the best mutual fund app in India?
The best mutual fund app India refers to the top-rated mobile application that allows users to invest in mutual funds conveniently. Further, the best app should provide various features like easy investment, tracking, and management of mutual fund portfolios.
Can I invest directly in mutual funds through an app?
Yes, you can invest directly in mutual funds through certain apps. These apps, often referred to as “direct mutual fund” platforms, enable you to invest in mutual funds without involving intermediaries, potentially leading to lower costs and higher returns.
What is Paytm Money and how does it relate to mutual funds?
Paytm Money is a popular investment platform that offers various financial products, including mutual funds. It allows users to invest in mutual funds, manage their portfolios, and track their investments, all through the Paytm Money app.
What is ET Money and how does it assist with mutual fund investments?
ET Money is a platform that provides assistance in managing mutual fund investments. The app offers features such as investment recommendations, portfolio tracking, and goal-based investing strategies.
How can I start mutual fund investment using an app?
To start mutual fund investing using an app, follow these steps:
- Download a reliable investment app.
- Create an account and complete the necessary KYC procedures.
- Browse through available mutual funds, select the ones that suit your goals and risk appetite.
- Invest an amount of your choice and monitor your investments regularly.
What are the benefits of using the best mutual fund app?
Using the best mutual funds app offers several advantages, including:
- Convenience: Invest and manage your portfolio anytime, anywhere.
- Accessibility: Gain access to a wide range of mutual funds from various fund houses.
- Tracking: Monitor the performance of your investments in real-time.
- Goal-oriented: Some apps provide tools to align investments with your financial goals.
What is a systematic investment plan (SIP)?
A Systematic Investment Plan (SIP) is an investment strategy where an individual invests a fixed amount at regular intervals (typically monthly) in a mutual fund. SIPs are designed to help investors accumulate wealth over time and benefit from market fluctuations.
Are there any investment apps that cater to specific financial goal?
Yes, certain investment apps offer goal-based investing. They help you define your financial objectives, such as retirement, education, or buying a home, and recommend suitable mutual funds to achieve those goals.
What are some considerations when choosing the best mutual fund investment app in India?
When choosing the best mutual fund app in India, consider factors like user interface, ease of use, range of mutual funds offered, customer reviews, security measures, and additional features such as portfolio analysis and investment tools.