Are you looking for the best mutual fund apps in India? If your answer is yes? You have come to the right place.
This is the right page where you can find the best mutual fund apps for your investment planning whether you want to invest in regular funds or direct mutual funds.
Below we have listed the top 10 best mutual fund apps in India, You can invest money into direct mutual funds, manage your portfolio, track all investments.
Also, some of these mutual fund apps help you complete the entire KYC procedure online inside the app. You need to submit details like PAN, Aadhaar Card, Date of birth and record your video through your mobile phone in order to verify your submission.
Most of the mutual fund investment apps have very minimal account setup process if you’ve already registered your KFC before. The good thing about most of these apps are, they are completely free and they don’t take any fee to create an account and invest in any mutual funds.
Here are the top 10 mutual fund apps that can help you invest in direct mutual funds and maximize your returns:
Are you ready to find the best one? Let’s get started!
1. PayTM Money – Mutual Funds App
Paytm Money, provided by the Paytm Group, is turning out to be one of the most trusted platforms in India, which offers around 1% higher returns by investing in Mutual Fund Schemes of Direct Plans with no commissions or any other charges on the trading of direct mutual fund plans.
If you are already a registered member of Paytm app, you can register on Paytm Money app with your existing mobile number. In order to start investing in mutual funds provided by Paytm Money app, you have to register your KYC within the app.
You can now buy or sell Digital Gold (24K 99.99% Pure gold from MMTC-PAMP) on the Paytm Money app in a seamless manner.
This app has a rating of 4.1 out of 5 with 5 million registered users.
2. Kuvera – Mutual Fund App
Kuvera is a direct mutual fund investment app founded in 2016 by two former investment bankers, Gaurav Rastogi and Neelabh Sanyal, and IIT-D alumnus Mayank Sharma. Kuvera app is India’s first commission-free investing platform for individuals.
It has a simple, clean and user-friendly interface that helps you explore their features with ease. It also helps you in comprehensive goal planning, tax savings, smart rebalancing, funds selection, and return analytics.
Sign up process on Kuvera is easy and hassle-free. You just have to proceed with PAN card details in order to verify your KYC with Kuvera.
3. Groww – Mutual Fund App
Launched in April 2016, Groww app is one of the fastest-growing mutual fund apps in India with 4.5 app ratings and more than 5 million registered users. Investing in mutual funds with Groww app is now easy, transparent and free.
This app has a simple UI interface, built for beginners as well as experts. You can easily invest in SIP as well as lump sum and the good thing about this app is they provide industry news and insights. Recently they have integrated a new feature where you can buy stocks and gold within the app.
The good thing about Groww app is that you can complete your entire KYC process in less than 10 minutes and your account will be ready to invest within 24 hours.
4. myCAMS – Mutual Fund App
myCAMS is one of the oldest apps in India offering various financial services as well as mutual fund investment options. With the myCAMS app, you get faster, easier and smarter ways to invest in SIP and lumpsum.
myCAMS is co-owned by – NSE Investments Limited (Subsidiary of NSE), Warburg Pincus LLC (a leading global private equity firm), Faering Capital (a leading Indian mid-market private equity firm), ACSYS Investments Pvt Ltd and HDFC Group (a financial services conglomerate) and headquartered in Chennai, India.
This app has rating of 4.4 out of 5 and 1 million registered users.
5. KFinKart – Investor Mutual Funds App
The major objective of this app is to simplify the journey of the customer in mutual funds. It is a one-touch login app that empowers you to invest across a host of mutual funds and offers a new way of investing your money.
It also emphasizes on a single view of your investments, manages profile, makes decisions, and transact instantly without the help of any multiple apps offered by the different fund houses.
6. ETMONEY – Mutual Fund App
ETMONEY is a part of Times Internet Limited group, founded by a group of passionate Entrepreneurs, IITians and Designers with deep expertise in technology, mobile & financial services. This app is a one-stop destination for all your financial needs. Investing in top Mutual Funds is easier and free of cost with this app.
Along with direct mutual fund investment, you can get quick loans, buy insurance policies, track your expenditures, calculate tax and SIP. With ETMONEY App, you can read blogs & watch videos to become a better investor.
7. Coin by Zerodha
According to the report, Zerodha Coin is one of the best apps to invest in direct mutual funds. They offer investment services in more than 3000 commission’s free direct mutual funds across the 34 fund houses. This can help in saving around 1-1.5% more per annum as compared to the regular mutual funds.
With more than 150000 investors who have already invested around 2500 crores and collectively saved 30+ crores in commissions, Zerodha Coin has already built a large customer base and big brand into the market.
8. Piggy – Mutual Fund App
Piggy app is India’s first mutual fund app that brings all the investment options under 1 login, be it investing in Direct Mutual funds, Digital Gold, Managing Portfolio or tracking EPF.
This app is completely free. There are no hidden commissions or service fees. It has a very easy sign-up process and investing through piggy app can help you get up to 1.5% extra returns every year.
You can get a detailed analysis of the mutual fund portfolio and design your own goal-based investing with this app. Get a break-up of your portfolio across various asset classes and sectors. It also identifies the risk you are exposed and take decisions to achieve your financial goals.
9. IPRUTouch app by ICICI Prudential
IPRUTouch Mutual Fund app offers a very simple and convenient way to invest in mutual funds, either in lumpsum or Systematic Investment Plans (SIP).
It provides a whole transaction history. Also, you can update your phone number, email id and can change the password with ease. Here are some of the mutual funds you can invest in, ICICI Pru focused blue-chip fund, ICICI Pru Infra fund and ICICI Balanced Fund, etc.
10. Fisdom – Mutual Fund app
Fisdom Mutual Fund Investment app is an app to invest in top-performing mutual funds and grow your money without any paperwork in just 30 seconds of time.
Fisdom app has been emerged as the winner of the IBM smart camp for the fintech India 2016 and was also awarded by the BSE India for being one of the top performers in the mutual Fund segment, 2015-2016.
Fisdom is built in a manner that you can easily invest in just a few clicks. If you are a non-KYC-compliant user with a Fisdom app, you can securely and safely complete your KYC registration in just 2 minutes without any paperwork.
It is just as easy as taking a selfie. You can withdraw money anytime, anywhere with the click of a button. You can Track or monitor returns of your investments in a real-time scenario.
With a Fisdom account, then you can invest in mutual funds according to your preferences like save tax fund, advanced investing save for a goal, build wealth, and invest in surplus.
Here are some other mutual fund apps you may consider in 2021:
- InvesTap – SBI Mutual Fund
- Fund Easy
- Kotak Mutual Fund App
- UTI Mutual Fund App
- HDFC MFOnline Investors App
- Angel BEE
From the list of apps provided in this article, you can understand that there is a good opportunity for us to invest directly into mutual funds online. Thanks to the technology that made the investment simple and hassle-free.
We’re lucky that we have these options available in this Covid-19 lockdown situation to invest money in mutual funds from the comfort of your home. These sites have become a blessing for investors as well as people who want to start their investment journey.
Select any of these apps according to your need and start investing in mutual funds. The added advantage is that you do not have to spend a penny to get these mutual fund apps. So, what are you waiting for? Get started today!
FAQ About Best Mutual Fund Apps.
Which is the fastest-growing mutual fund app in India?
Groww is the fastest-growing mutual fund app with 5 million+ registered users as of June 2020.
How to get my KYC done for investing money in mutual funds?
Most of the apps listed above help you complete your KFC process within the app.
Are these mutual fund apps paid?
Most of the apps listed above are completely free of cost.
Some information about Mutual Fund.
What is Mutual Fund?
A mutual fund is a professionally managed trust that collects money from various investors for the purpose of investing in the share market, bonds, instruments, commodities and other assets.
Mutual funds are an ideal investment vehicle for investors who do not know much about investing in the share market. Investors can choose a mutual fund scheme based on their financial goal and start investing to achieve it.
Mutual funds are managed by professional fund managers. They charge a small fee for managing the money. By putting your money in mutual funds, you permit the portfolio managers to make those essential decisions.
Main categories of mutual funds are:
Equity funds: Equity funds are a type of mutual fund that invests your money into stocks or shares of the companies. These are considered high-risk funds but also provides high returns. These funds are ideal for investors who want a long-term investment.
Debt funds: Debt funds are a type of mutual funds that invest your money into fixed-income assets, eg. company debentures, government bonds, etc. These funds are ideal for investors who want a short-term investment.
Liquid funds: Liquid funds are a type of mutual funds that invest your money into debt securities which have a maturity of up to 91 days. These funds are ideal for investors who want a short-term investment.
Hybrid funds: Hybrid funds are a type of mutual fund that divides your money and invest in equity and debt fund funds to create a balance. The proportion of equity is higher than the debt fund.
Tax-Saving Funds (ELSS): Equity Linked Savings Scheme (ELSS) funds are a type of mutual fund that invests primarily in equity shares. These funds are tax-saving in nature and are eligible for a tax deduction of up to Rs 1.50 lakh under section 80C of the Income Tax Act. ELSS mutual funds have a lock-in period of three years.
What is SIP?
SIP is known as a systematic investment plan. It is a method of investing money in mutual funds. You can invest money into mutual funds through SIP. SIP allows you to invest a certain amount of money for a regular interval, eg. Weekly, Monthly. You can start SIP for the short term (1-3years), mid term (3-10 years) and long term (more than 10 years).