Top 5 Best Mutual Funds Apps in India

Mutual fund apps in India provide safe investments as they prioritize security and comply with SEBI regulatory standards. Furthermore, investors have the option of designating a beneficiary for their investments through these apps.

Investors should be aware that they may need to submit various documents, such as proof of identity and address as well as documentation related to income-generating assets. Some apps will even require users to provide such proofs of documentation.

Zerodha’s Coin

Zerodha is India’s pioneer discount broker to introduce direct mutual fund investment via Coin, an innovative web and mobile app that enables investors to purchase funds from 40 AMCs with zero account opening, subscription or brokerage fees incurred when investing directly. Furthermore, investors can customize SIPs according to their needs for optimal returns.

Users can utilize Zerodha Coin’s mobile app to monitor their investments and evaluate performance. This comprehensive app offers statement visualizations, profit and loss reports and more for iOS and Android devices; however, advanced features like goal-based investing or automated rebalancing may be missing from its offerings.

Mutual funds differ from stocks by having a set net asset value (NAV) price at the end of every day, which is displayed on the app and making buying or selling mutual funds easy and straightforward. Free download for iPhone and Android smartphones; Zerodha Demat account required (some restrictions apply regarding purchases with Zerodha Coin).

Groww

Groww is a popular mutual fund investment app in India, known for its user-friendly interface and comprehensive portfolio management features that make investing simple for its users. Furthermore, Groww takes security seriously: employing two-factor authentication and encryption measures as safeguards to keep investors’ information safe. Plus it is registered with SEBI which gives its users an extra sense of confidence.

Users of Groww can keep tabs on real-time stock prices using its platform, which features technical and fundamental analysis tools as well as research content like blogs and videos. Plus, Groww offers low brokerage fees when trading stocks, options, or futures!

Groww’s mobile application is free for investors to use, offering many features for them to compare and select mutual funds based on their risk preferences, helping them meet their financial goals faster. Furthermore, its account opening process is paperless but there may be charges such as Demat charges and STT.

EtMoney

ET Money is an accessible app designed to simplify mutual fund investments for the modern investor. Its robo-advisory feature, low minimum investment amount and transparent pricing makes it ideal for both novices and seasoned investors.

ET Money Genius begins with a quiz that assesses a user’s relationship with money before providing tailored options, such as popular funds, webinars and handpicked YouTube videos to learn from. Furthermore, for subscribers ET Money Genius creates custom investment plans based on an individual’s goals and risk tolerance.

Users of the ET Money app can also import existing investments and track them all from one convenient interface – this can be especially helpful during times of market volatility when trust is easily shaken in investing. Furthermore, ET Money offers zero-commission direct plans, saving commissions that would normally go to agents; saving this commission can add up to an extra 1% per year in return.

myCAMS

myCAMS is an investment mobile app developed by CAMS that features many tools to help users invest more wisely. It lets users track investments, claim tax deductions, track EPF withdrawals, transfer funds between accounts, offer various investment options and is available both Android and iOS devices.

MyCAMS, operated by SEBI-registered R&T CAMS, provides technology-enabled processing solutions for investors and mutual fund companies alike. Investor services offered include “mailback services”, which enable users to retrieve statements by providing their PAN number and email address; additional useful features include the Realised Gains Statement that offers insight into short and long term capital gains.

myCAMS provides an intuitive user experience and supports multiple languages, while offering a diverse selection of investments ranging from equity, debt and hybrid funds. Their services make finding the right mutual fund scheme easy – however it’s wise to seek professional advice prior to investing in any such scheme.

Kuvera

Kuvera is an app for financial planning and investing that enables users to import investments from different platforms into one consolidated view, complete with risk analysis, investment goals tracking and recommendations. Users can track performance both Android and iOS.

Kuvera provides investors with an investment platform that enables them to access direct mutual fund schemes, which offer higher returns than regular plans while saving commission costs, and zero-commission stock trading. Kuvera currently boasts three lakh customers and manages assets worth Rs50,000 crore, most of which are held in mutual funds that do not generate any revenue for Kuvera.

KFin Technologies Ltd provides financial technology and platform support for nearly 50% of India’s mutual fund houses; providing investors with a convenient option who don’t have the time or resources to manage their own portfolios with mutual fund investments. It offers investment advice from its founders: Gaurav Rastogi, Neelabh Sanyal and Mayank Sharma who collectively possess over 60 years’ experience in finance industry. KFin Technologies serves as registrar and transfer agent (RTA) services through KFin Technologies Limited platform which also supports their platform. KFin Technologies is supported by KFin Technologies Limited which acts as RTA service provider for nearly all mutual fund houses within India – this makes investing easy! KFin Technologies offers investment management solutions for those without time or resources needed to manage their own portfolios by taking care of KFin Technologies Ltd RTA services!