
Mutual fund investments are not a game for experts in the higher league, thanks to online platforms and apps. Any person willing to build a robust portfolio and multiply their wealth over time can easily do so with the tap of a few buttons on their smartphone.
While investing in the funds may have become easier, the new challenge is to select the right app from the endless list of finance apps available online. This article will provide you with a list of leading and trusted investment apps in India, along with key considerations to keep in mind when selecting the right one for you.
Best Mutual Fund Apps
MF online apps are now the most sought-after investment platforms due to their reliability, quickness and simplicity. Here are some of the top apps available in India.
- Zerodha Coin: You can invest in mutual funds directly using your Zerodha account. There are no commissions, and your investments are held in your Demat account, allowing for powerful tracking and consolidated reports.
- Groww: The platform features a user-friendly interface that is ideal for beginners. Users have access to direct mutual funds with no commission fees. Additionally, built-in calculators and tools are available to estimate potential returns.
- ET Money: The platform features a personalised recommendation engine tailored to your goals. It also offers options for expense tracking and purchasing insurance. Additionally, you will receive portfolio insights to enhance your decision-making process.
- Bajaj Finserv: This platform has made investments simple for all its users. Not only does it offer numerous schemes to choose from, but its sleek interface and user-friendliness also make the investment process smooth and swift. Innovative tools, such as the MF calculator and a digital-first approach, are what set it apart.
- Paytm Money: Investors can benefit from low starting investment amounts. The onboarding process is quick, accompanied by a seamless Know Your Customer (KYC) process. Additionally, they have access to direct plans that offer higher returns.
- Kuvera: Investments in direct mutual fund plans are available at no cost. We offer advanced tools for goal-based planning. Additionally, there is a feature for managing family accounts.
- Angel One: This dynamic platform caters to your diverse investing needs. Using a single dashboard, you can explore numerous diversified investment schemes and improve your financial planning with its reliable SIP calculator.
Considerations for Selecting a Mutual Fund App
There are several trustworthy and good mutual fund apps to choose from. Choose the app that best fits your needs and preferences. These are some key considerations to keep in mind when selecting an app.
- Ease of Use: An organised, user-friendly interface simplifies both navigation and investing.
- Availability of Direct Plans: Applications that provide direct mutual fund plans allow you to avoid commissions and enhance returns.
- Security and Trust: Opt for apps that are SEBI-registered and offer robust protection for personal data and financial information.
- Customer Support: Quality apps deliver timely support via chat, email, or phone for any issues.
- Estimation Tools: Integrated tools, such as an MF calculator, facilitate return predictions, fund comparisons, and efficient SIP investment planning.
- Goal-Based Investing Options: If you’re planning for a house, wedding, or retirement, goal planning tools are incredibly beneficial.
Conclusion
Investing in the funds has become increasingly straightforward and seamless due to the availability of digital platforms and apps. Whether your goal is long-term wealth growth or short-term financial objectives, selecting the right online app can enhance your experience, making it easier, quicker, and more beneficial.
In India, several reliable apps are available, including those mentioned in this article. Before settling on an app, be sure to check out features such as direct plan options, online calculators, and tools for goal-oriented investing. With the appropriate app, your successful mutual fund investment journey is just a few clicks away.