Best Mutual Funds App You Might Want to Invest in 2024
Investing in mutual funds has never been more accessible than through a mutual fund app. With just a few taps on your smartphone, you can explore a world of investment opportunities, track your portfolio, and make informed decisions on the go. In today’s fast-paced digital age, these apps are like your financial GPS, guiding you towards your investment goals with ease. With just a few taps on your smartphone, you can embark on a journey towards wealth creation and financial security. Therefore, let’s have a look at the 8 best mutual fund app in India & how they may help you.
Top Mutual Fund App That You Should Know About
Now, let’s have a look at these user-friendly mutual fund applications that offer a seamless experience, providing you with instant access to a variety of mutual fund schemes, historical data, and performance metrics. So, why wait? Dive into the world of mutual fund investing with the touch of a button!
Zerodha Mutual Fund App
Zerodha Kite Mutual Funds provides a hassle-free method to invest in a diversified portfolio of stocks and bonds within a single fund. Considered one of the best mutual fund investment apps, it harnesses the collective investments of numerous individuals, delivering the advantages of diversification and expert oversight while keeping costs reasonable. As a renowned trading platform in India, Zerodha Kite presents a variety of mutual fund options tailored to various investment objectives and risk tolerances. It is one of the best apps to invest in mutual funds.
Groww
Groww is another mutual fund investment application that you can use for investment purposes. However, Groww & Zerodha are the best mutual fund apps when it comes to beginners. This user-friendly mutual fund mobile app has minimalistic features & contains 5000+ mutual fund schemes that suit every investor. All you need to do is mutual fund app download & register yourself, get an account verification via KYC, and you’re good to go. It is also one of the best mutual fund platforms on our list.
ET Money App for Mutual Funds
ET Money is perhaps the best mutual fund app for Indian investors. It is home to 30+ mutual fund companies. With multiple mutual fund themes, a user-friendly interface, and a smart ET Money Mutual Fund calculator, you can calculate your returns on the mutual fund application. It seamlessly integrates with popular payment best mutual funds app in India like GPay, PhonePe, and Paytm. It is also one of the top mutual fund investment platforms.
Paytm Money App for Mutual Funds
Considered the best direct mutual funds app in India, Paytm offers 1% higher returns with direct plans. Though known as a go-to-app to make digital payments, you can invest in top-rated mutual funds by following an easy process. This mutual fund application doesn’t have any hidden charges & takes only 30 minutes to set up an investment plan. It is also one of the best apps for mutual funds on our list!
Kuvera App for Mutual Funds
Kuvera is another excellent application for mutual funds. With a simple user-interface, you can easily create a Kuvera account for investing in mutual funds. With Kuvera you can build and oversee your financial portfolio, including joint family accounts and investment monitoring. Additionally, by investing in top mutual funds apps you can reduce the tax impact by realising up to ₹1 Lakh of Long Term Capital Gain (LTCG) every year. It is also one of the top mutual fund app in India on our list!
myCAMS App for Mutual Funds
myCAMS revolutionizes the management of your Mutual Fund investments with digital ease. Through the myCAMS mutual funds mobile app, you can explore additional functionalities like scheduling future transactions, a redemption guide for optimal fund redemption, myFavourites, Voice orders, and much more. Additionally, you can easily set up your SIP, purchase, switch and do whatever you find convenient, seamlessly.
5Paisa
5paisa is the top mutual funds app for stock market trading, derivatives, commodities, mutual funds, and IPOs. It’s the ultimate mobile trading companion for investors, providing an all-in-one platform for on-the-go investing. Whether you’re a seasoned trader or a novice, the 5paisa app equips you with everything essential to stay ahead in the world of share markets. With 10M+ mutual fund best app download, this mutual fund application is a reliable platform for beginners.
Piggy- Mutual Funds App
Introducing Piggy, one of the best app to invest in mutual funds. Piggy streamlines all your investment choices into a single, user-friendly platform. Whether you’re keen on Direct Mutual funds, Digital Gold, Portfolio Management, or keeping tabs on your EPF, Piggy has got you covered. This mutual fund mobile app is entirely cost-free & doesn’t have any hidden charges. Get up to 1.5% extra returns every year by investing in Piggy.
Factors to Consider When Choosing the Best Mutual Fund App
When it comes to selecting the best mutual fund apps in India, several crucial factors should be considered. Therefore, we have listed them down below:
- User-Friendly Interface: Look for a SEBI registered mutual fund app that’s intuitive and easy to navigate. A user-friendly interface enhances your overall experience and simplifies the investment process.
- Fund Selection: Ensure the mutual funds app offers a diverse range of mutual funds to match your investment goals, whether it’s equity, debt, hybrid, or thematic funds.
- Performance Tracking: Before deciding on which platform is best for mutual fund investments, opt for an app that provides comprehensive tools for tracking the performance of your investments. Real-time updates and detailed reports are invaluable.
- Security: Prioritize security features in the investment apps India such as encryption, two-factor authentication, and adherence to regulatory standards to safeguard your financial data and investments, while choosing an investment platform in India. .
- Costs and Fees: Pay attention to any charges, including account maintenance fees, transaction costs, or expense ratios. A transparent fee structure is crucial.
Is Investing Through Best Mutual Fund Apps Safe?
Investing in mutual funds through apps is deemed safe in India. These apps prioritize security and comply with regulations overseen by SEBI, ensuring investors’ funds are protected.
To proceed securely:
- Research: Explore mutual fund schemes thoroughly, considering their objectives, past performance, and risks.
- Financial Goals: Align investments with your financial objectives, risk tolerance, and investment horizon.
- Read Terms: Understand app terms, including fees, charges, and exit loads.
- Diversify: Spread investments across various schemes and asset classes to mitigate risk.
- Monitor: Regularly assess portfolio performance and adjust as necessary.
- Stay Informed: Keep abreast of market trends and news impacting investments.
- Nominee Details: Nominate a beneficiary for seamless fund transfer during unforeseen events.
Following these steps empowers investors to maximise mutual fund apps while effectively managing investment risk.
To Wrap It Up…
In the fast-paced world of finance, the best app for mutual fund investment or the best app for SIP investments in mutual funds has become an indispensable tool for modern investors. So, whether you’re a seasoned investor or just starting your financial journey, investing via the best mutual fund apps empowers you to take charge of your investments with ease and convenience.
FAQs
For beginners, apps like Groww & Zerodha are the safest & best mutual fund apps for investing in mutual fund investment in India. However, you can have a look at mutual fund apps like ET Money, Paytm, 5paisa, myCAMs, Kuvera and others.
Yes, it is safe to invest through mutual fund applications as they are regulated by SEBI and have security measures in place to protect investors’ money.
Here are the steps on how to withdraw money from the best mutual fund app:
1. Log in to your mutual fund app.
2. Go to the “My Holdings” section.
3. Select the scheme from which you want to withdraw money.
4. Click on the “Withdraw” button.
5. Enter the amount you want to withdraw.
6. Submit your withdrawal request.
To start investing in mutual funds via a mobile app, download and install a preferred mutual fund app from the app store. Complete the Know Your Customer (KYC) process by providing required details and uploading documents. After verification, explore the app’s mutual fund schemes, select those fitting your financial objectives and risk tolerance, and invest with ease by simply clicking a button. Mobile apps can provide a user-friendly interface, simplifying the investment journey for you.
