Top Mutual Fund Apps in India

Best Mutual Fund Apps in India

1. Groww

Groww is a widely used mutual fund investment app in India. It has a simple and easy-to-use design that helps both new and experienced investors use it smoothly. People can invest in direct mutual funds, which means there`s no middleman involved. This helps them save money on extra charges like commissions and expense ratios.

Key Features:

• Direct Mutual Fund Investments: Investors can directly invest in mutual funds without the need for a broker.
• Goal-Based Investment Plans: Groww creates customized investment plans that fit your specific goals, like saving for retirement or buying a house.
• Ease of Use: The app is easy to use with features like simple navigation, automatic portfolio recommendations, and a fast setup process.
• SIP and Lump-Sum Investments: You can start a Systematic Investment Plan (SIP) or make one-time lump sum investments.
• Expense Ratio Comparison: Groww lets you check the expense ratios of various mutual funds, so you can make better decisions.

Why Use Groww?

• Great for both beginners and seasoned investors.
• Quick and simple account setup.
• Wide range of mutual fund options.

2. Zerodha Coin

Zerodha is a major stockbroker in India, and it has an app called Coin that lets users invest in direct mutual funds. Zerodha`s approach of offering no commission on mutual fund investments makes it one of the most popular apps in the market. Coin is especially favored by people who already use Zerodha for trading stocks.

Key Features:

• Direct Mutual Funds: No broker commission on mutual fund investments.
• Portfolio Management: Users can track their portfolios with real-time updates and performance metrics.
• SIP & STP (Systematic Transfer Plan): Easy to set up SIPs, and investors can transfer funds systematically between schemes.
• Investment Insights: Coin offers detailed fund analysis, performance charts, and ratings to make informed decisions.

Why Use Zerodha Coin?

• Zero brokerage fees on mutual fund investments.
• Great for Zerodha users who want to consolidate their investments in one platform.
• Extensive educational resources and a community for new investors.

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3. ETMoney

ETMoney, an app created by Times Internet, has become very popular because it offers a strong collection of features and an easy-to-use design. The app allows users to invest in direct mutual funds and also provides tools for managing expenses, planning taxes, and keeping track of financial goals.

Key Features:

• Direct Mutual Funds: Invest in a variety of mutual funds with zero commission.
• Tax Saving Tools: ETMoney offers tax-saving solutions, including tax-saver mutual funds.
• Personalized Investment Recommendations: Based on your financial goals, ETMoney suggests suitable mutual funds.
• Expense Manager: You can track your expenses and savings within the app to help you set aside money for investment.
• SIP Flexibility: ETMoney allows you to choose SIP amounts and frequency based on your budget.

Why Use ETMoney?

• Excellent for users who want to manage their overall financial health, not just investments.
• Simple, intuitive interface.
• Tax-saving tools that make the investing process easier.

4. Paytm Money

Paytm Money is a well-known app by Paytm, which is one of India`s biggest digital payment platforms. This app makes it simple for people to invest in mutual funds, stocks, and ETFs. Using Paytm Money, users can begin investing in mutual funds .

Key Features:

• Direct Mutual Funds: No commission charged for direct mutual funds.
• Easy KYC Process: Seamless KYC process that can be completed online.
• SIP & Lump Sum: Flexible SIP options along with the ability to make lump-sum investments.
• Zero Commission: Paytm Money offers mutual fund investments with zero commissions.
• Portfolio Tracker: The app provides real-time performance tracking and portfolio analysis.

Why Use Paytm Money?

• Ideal for users who are already familiar with the Paytm ecosystem.
• Straightforward interface with easy-to-understand data.
• Good for beginners looking for a simple platform to get started.

5. Upstox

Upstox is a well-known online trading platform in India that has a great app for investing in mutual funds. It is famous for offering affordable brokerage fees, letting users invest in direct mutual funds without paying extra charges. This can be really helpful for people who are investing for a long time.

Key Features:

• Zero Brokerage on Mutual Funds: Invest in mutual funds without worrying about paying commissions.
• Easy-to-Use Interface: The app is designed for both beginners and experienced traders.
• SIP Option: Set up SIPs with a minimum investment of ?500.
• Investment Insights: Access to research and market data to make informed decisions.
• Automatic Portfolio Rebalancing: Upstox provides automatic portfolio rebalancing to ensure your investments stay in line with your financial goals.

Why Use Upstox?

• Ideal for users who already trade on Upstox and want to handle their mutual fund investments all in one place.
• Zero commission charges for mutual fund transactions.
• Reliable customer support and advanced analytics.

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6. Axis Direct

Axis Direct is a complete investment platform provided by Axis Bank, which is one of the biggest private banks in India. It began as a stock trading service but now provides many financial products, such as direct mutual funds. With Axis Direct, you can invest in mutual funds through an easy-to-use interface and have full control over your investment portfolio.

Key Features:

• Direct Mutual Funds: Invest directly in mutual funds with no commission.
• Wide Range of Funds: Pick from a large selection of mutual funds offered by different asset management companies.
• Advanced Portfolio Tracking: Keep an eye on how well your investments are doing, like your systematic investment plans and lump-sum investments.
• Research Tools: Axis Direct offers detailed research on mutual funds and stocks to help you make informed decisions.

Why Use Axis Direct?

• Good for users looking for a reliable platform backed by a trusted brand (Axis Bank).
• Suitable for both beginner and advanced investors.

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Conclusion

Investing in mutual funds is a great way to build wealth gradually. With the help of online platforms, it`s easier and more convenient than before to start investing. The apps discussed in this blog have many useful features like direct investment in mutual funds, systematic investment plans, personalized suggestions, and tools to track your portfolio. These make them excellent options for both new and experienced investors.

Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.