• 10 Best Mutual Funds Apps in India 2021 (Groww, myCAMS, and More) 1
  • 10 Best Mutual Funds Apps in India 2021 (Groww, myCAMS, and More) 2
  • 10 Best Mutual Funds Apps in India 2021 (Groww, myCAMS, and More) 3
  • 10 Best Mutual Funds Apps in India 2021 (Groww, myCAMS, and More) 4
  • 10 Best Mutual Funds Apps in India 2021 (Groww, myCAMS, and More) 5

10 Best Mutual Funds Apps in India 2021 (Groww, myCAMS, and More)

When it comes to investing, mutual funds find a spot among the top investment options. Investing in mutual funds is one of the best ways to earn long terms gains. They are a great way to diversify your portfolio, giving you the possibility of making higher returns with a low to moderate risk.


Nowadays, mobile applications such as Zerodha Coin, ETMoney and many others have made investing super easy. These apps offer endless benefits from zero commission investments, small SIPs, tax benefit schemes to easy-payment options, and smooth UI. The best part? – your funds are handled by professionals having in-depth knowledge of the industry. Read this article to know the best mutual funds apps in India right now.

  • Last updated: 04-04-2022
Table of Contents

Compare the Best Mutual Fund Investment Apps

Image
1
Nextbillion Technology Private Limited Groww  1

Nextbillion Technology Private Limited

2
Times Internet Limited ETMoney  1

Times Internet Limited

3
Computer Age Management Services Private Limited myCAMS 1

Computer Age Management Services Private Limited

4
Zerodha Broking Limited Coin by Zerodha 1

Zerodha Broking Limited

5
Kfin Technologies Private Limited KFinKart  1

Kfin Technologies Private Limited

6
Paytm - One97 Communications Ltd. Paytm Money  1

Paytm - One97 Communications Ltd.

7
Arevuk Advisory Private Limited Kuvera Personal Finance 1

Arevuk Advisory Private Limited

8
CR Fintech Pvt Ltd CashRich  1

CR Fintech Pvt Ltd

9
SBI Funds Management Private Limited SBI Mutual Fund 1

SBI Funds Management Private Limited

10
Valuevest Piggy Mutual Funds App 1

Valuevest

Name

Groww

ETMoney

myCAMS

Coin by Zerodha

KFinKart

Paytm Money

Kuvera Personal Finance

CashRich

SBI Mutual Fund

Piggy Mutual Funds App

Features

Start a SIP With Just ₹100

Save Tax up to ₹ 78,000 With This App

Mark Your Favourite Mutual Funds Transactions

If You Want to Drive Maximum Benefits

For the Smoothest Investing Experience

Try This if You Have Investments across Multiple Platforms

Got an Emergency? Try This App!

One that Offers the Best Chat Support

Calculate the Return on Your Investments With SIP Calculator

Making Investment Super Easy

Price Starts at₹0.00₹0.00₹0.00₹0.00₹0.00₹0.00₹0.00₹0.00₹0.00₹0.00
Total Downloads+10M+5 Million+1 Million +1 Million +1 Million+5 Million+500K+100K+1 Million+100K
App Size24.89MB28MB6MB24MB9.3MB33MB35MB11MB17MB15MB
Ratings4.3/5 with a total of 3,11,537 ratings4.5/5 with a total of 1,18,529 ratings4.4/5 with a total of 70,304 ratings4.3/5 with a total of 14,209 ratings4.1/5 with a total of 37,069 ratings4.0/5 with a total of 94,960 ratings4.5/5 with a total of 11,118 ratings4.8/5 with a total of 862 ratings.4.3/5 with a total of 49,445 ratings4.0/5 with a total of 7301 ratings
Key featuresImpressive UI, simple KYC, zero commission, learning blogs & videos, etc. Easy navigation, free of cost investing, UPI payments, multiple functions, etc. Simple KYC, PIN/Pattern login, two-factor authentication, PAN Level Portfolio View, etcZero-brokerage, flexibility with SIP, instant payments, etc. One-touch login, enriched navigation, portfolio dashboard, NAV tracker, etc.Easy account opening, multiple investment options, SIP management, data privacy, etc.Zero commission, switch from regular to direct mutual funds, all assets under one roof, SaveSmart feature for emergencies, etc.Lifetime free investment account, Dynamic SIP, facial recognition, one-touch chat support, easy money withdrawal, and support for HindiOnline OTM registration, favourite transactions, SIP calculator, Interactive product page, multiple investment optionsZero Commissions, paperless & safe, switch to direct funds
Available onAndroid, iOS, Web AppAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOS
Link

10 Best Mutual Funds Apps in India

With so many mutual fund investment apps available in the market, choosing one can be confusing. While the internet will bombard you with information, we have prepared a concise list to make it simple for easy. Whether you are investing for the first time or are an experienced investor, these apps serve all. Read on to know further!

1

Nextbillion Technology Private LimitedGroww

From ₹0.00

Total Downloads+10M
App Size24.89MB
Ratings4.3/5 with a total of 3,11,537 ratings
Key featuresImpressive UI, simple KYC, zero commission, learning blogs & videos, etc.
Available onAndroid, iOS, Web App
2
Total Downloads+5 Million
App Size28MB
Ratings4.5/5 with a total of 1,18,529 ratings
Key featuresEasy navigation, free of cost investing, UPI payments, multiple functions, etc.
Available onAndroid, iOS
3

Computer Age Management Services Private LimitedmyCAMS

From ₹0.00

Total Downloads+1 Million
App Size6MB
Ratings4.4/5 with a total of 70,304 ratings
Key featuresSimple KYC, PIN/Pattern login, two-factor authentication, PAN Level Portfolio View, etc
Available onAndroid, iOS
4

Zerodha Broking LimitedCoin by Zerodha

From ₹0.00

Total Downloads +1 Million
App Size24MB
Ratings4.3/5 with a total of 14,209 ratings
Key Features Zero-brokerage, flexibility with SIP, instant payments, etc.
Available onAndroid, iOS
5

Kfin Technologies Private LimitedKFinKart

From ₹0.00

Total Downloads +1 Million
App Size9.3MB
Ratings4.1/5 with a total of 37,069 ratings
Key Features One-touch login, enriched navigation, portfolio dashboard, NAV tracker, etc.
Available onAndroid, iOS
6

Paytm - One97 Communications Ltd.Paytm Money

From ₹0.00

Total Downloads+5 Million
App Size33MB
Ratings4.0/5 with a total of 94,960 ratings
Key Features Easy account opening, multiple investment options, SIP management, data privacy, etc.
Available onAndroid, iOS
7

Arevuk Advisory Private LimitedKuvera Personal Finance

From ₹0.00

Total Downloads+500K
App Size35MB
Ratings4.5/5 with a total of 11,118 ratings
Key Features Zero commission, switch from regular to direct mutual funds, all assets under one roof, SaveSmart feature for emergencies, etc.
Available onAndroid, iOS
8
Total Downloads+100K
App Size11MB
Ratings4.8/5 with a total of 862 ratings.
Key Features Lifetime free investment account, Dynamic SIP, facial recognition, one-touch chat support, easy money withdrawal, and support for Hindi
Available onAndroid, iOS
9

SBI Funds Management Private LimitedSBI Mutual Fund

From ₹0.00

Total Downloads+1 Million
App Size17MB
Ratings4.3/5 with a total of 49,445 ratings
Key Features Online OTM registration, favourite transactions, SIP calculator, Interactive product page, multiple investment options
Available onAndroid, iOS
10
Total Downloads+100K
App Size15MB
Ratings4.0/5 with a total of 7301 ratings
Key Features Zero Commissions, paperless & safe, switch to direct funds
Available onAndroid, iOS

How to Choose a Mutual Funds App in India – Buying Guide

Investing in mutual funds is a big step towards building an effective portfolio. If you are a beginner, make sure you learn the basics of investment before starting this journey. Nowadays, there are plenty of apps available online for investing in mutual funds. Read this buying guide to find out the right investment app for you.

Look for a Clean User Interface (UI)

Look for a Clean User Interface (UI)

Simply speaking, User Interface (UI) is the way you interact with an app. How often do you find yourself quitting an app because it was difficult to understand? Well, everybody detests a cluttered screen. We all prefer to use apps that are easy to use and understand. 


A clean user interface is a treat to the eyes. It allows you to navigate smoothly through the app, making your buying experience easy and delightful. For example, Groww App has grown at a rapid rate because of its impressive UI! It has the right visual appeal, which makes it highly attractive. 


The design is clean and simple with easy filter options, apt font type & size, correct placement of tabs, limited colour range, etc. All these elements make it highly user-friendly, enriching the customer's experience of using the app.

Go for Simple Registration and Small SIP Investment Option

Go for Simple Registration and Small SIP Investment Option

A simple, seamless registration is one of the most attractive elements in any mobile application. Unlike the earlier times, nobody wants to spend hours on registration. Go for an app that offers smooth registration with an easy KYC process to save your time and energy. 


Examples of such apps include ETMoney, MyCams, and Paytm Money. These apps require minimal documentation with no paperwork or any such hassle. So, you can register within 5 minutes. 


If you are a student or a young intern wanting to invest, chances are that you may not have a substantial amount to start your SIP. In that case, you should choose an app where you can start with an initial investment amount of merely Rs 100 or 500. Groww is one such app that gives you the option of investing with just Rs 100. 

Consider More Options - Linking Family Accounts, Multiple Investment Options, and More

Consider More Options - Linking Family Accounts, Multiple Investment Options, and More

Many mutual fund investment apps come with additional investment options. For instance: the Kuvera app consists of various other assets, such as - Direct Mutual Funds, Gold, Stocks, and Employee Provident fund. If you also want to explore other investment options apart from MF, choose an app accordingly. 


For eg., if you are also interested in stock trading and have good market knowledge, then you can go for an app that also has the facility for trading in stocks. Some apps provide you with the option of linking your family's account. You may want to manage all your family members' portfolios on a single platform for better money management and time efficiency.


Some apps, including KfinKart and Kuvera, allow you to link your family folios with their app. All you have to do is insert their PAN card details. With that, you can handle all the accounts in one place. 

Beginners Should Look for Apps With Blogs and Videos

Beginners Should Look for Apps With Blogs and Videos

Nowadays, many apps offer free learning and education services to their customers to guide them in making the right investment decisions. These have been specially introduced with the aim to impart knowledge about investment to beginners, especially students and young working professionals.


For example, Apps like ETMoney and Groww App suggest learning videos and blogs for all types of investors. We would recommend you to read the Groww App's beginners' guide on mutual funds if you are new to the investing field. It contains an introduction on mutual funds -  types of MFs and how they benefit you, how to build a portfolio, and much more.

Check the Ratings and Reviews of the App

Check the Ratings and Reviews of the App

This one goes without saying – Check out the ratings and reviews given to the apps. Those are crucial to know the credibility of an app. Credibility is important because you would not want to risk your money with a company you are unsure of. 


Consider going for popular apps that have about a million downloads. ETMoney and Paytm Money are two of the most widely-used apps with exceptional ratings. While you are exploring the apps on your device, make sure you read the About this app section, where you will find all the information related to it. 


It will be useful in deciding the right mutual fund app for you. Also, go through some positive as well as critical reviews given by the customers. Many a time, it is the reviews section where you find information that is not shown on Google or the company's website.

How Much Money You Should Invest in Mutual Funds?

How Much Money You Should Invest in Mutual Funds?

That depends on various factors – your age, income & expenses, risk appetite, etc. If you are a young individual, say 21-26, you may have fewer financial obligations and a higher appetite for risk. Then, you can invest a greater portion of your monthly salary in mutual funds. Conversely, older individuals generally invest a small percentage of their income.


Ideally, you should follow a 50:30:20 rule. That means – allocating 50% of your salary to your everyday needs, 30% to leisure activities, and finally, 20% to investment needs. Now, this 20% should be a mix of different investments. Mutual Funds are considered safer than stock trading but riskier than FD and Savings. Decide the final amount as per your market knowledge and risk-taking ability.


Example: Let’s say you are a 24-year-old person drawing a monthly salary of ₹ 25,000. Assuming that you do not have any loans or outstanding debt at this stage, your total expenses come to ₹ 15,000. So, out of the remaining ₹ 10,000, you can invest about ₹ 6,000 in mutual funds.

Check Out Other Useful Apps

Check Out Other Useful Apps

Did you say health, wealth, and communication? We've got you covered! We have prepared a list of top apps in the field with thorough research. You just need to read the article to save some time for yourself. Thank us later!

Summary

Investing in mutual funds can be a turning point in your life. Experts always advise you to start investing at an early age, but even if you are a tad bit older – better to start late than never! It will reap long term benefits and make you financially strong. So if you have started earning, start investing too!

Author: Deeksha Mangla

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