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

Groww is one of the fastest-growing apps in India for mutual funds investment with 10M+ downloads. Credit goes to its clean user interface that makes it effortless to use. The app has easy registration with a simple KYC process. Reviewers liked that it has zero account opening charges and also no annual maintenance charges.

It allows you to invest in direct mutual funds with zero brokerage – giving you an additional saving of 1.5+% compared to regular plans. You can buy or redeem multiple mutual funds and create a new SIP for as low as ₹ 100. So, even a student can invest. Furthermore, a dashboard is provided that tracks all your past investments.

Groww app consists of a huge database of learning blogs and videos dedicated to mutual funds. Besides, you can invest in BSE and NSE stocks as it also works as a stock trading platform. 

Founded by a group of passionate IITians and designers, ETMoney is a subsidiary of Times Network. It is a one-stop destination where you can manage your expenses, invest in mutual funds, and save tax up to ₹ 78,000 with ELSS mutual funds.

Most of the users liked its smooth UI and ease of navigation.  You can invest free of cost either through SIP or in Lumpsum. The app has easy integration with several UPI-payment apps like Google Pay, PhonePe, Paytm, etc.

You can also take benefit of the personal-finance strategies offered by the app, which guide you on how to better manage your money. Additionally, it provides a host of other financial services, such as – insurance policies, instant loans, gold deposit schemes, etc.

MyCams is one of the oldest investment apps in India that received the Best Financial App award in 2015 and 2016. Its registration process is quite simple. You can open your account using the Aadhar Card and complete your KYC easily. 

Some of the unique features offered by the app include PIN/Pattern login and myFavourites section where you can save your favourite transactions and view the most preferred ones. Another feature called myWatchList helps you monitor your investments and track their performance. 

Many reviewers have said that it is an excellent app if one is investing in multiple funds and wants a consolidated view of them all. Besides, customers can also purchase instant loans and insurance policies, track expenses, etc.

Coin by Zerodha is another highly ranked mutual fund investment app in India. You can invest in 3,000 zero-brokerage direct mutual funds offered by 34 fund houses. Zerodha coin has built a large customer base having 2.5+ lakh investors, who have invested over ₹4,500 crores. 

The app offers you flexibility, as you can create, stop, and modify your SIPs whenever you want. For example, you can increase the amount of your SIP as your income goes up. According to customer reviews, all MFs have clear descriptions and are very easy to select. These mutual funds are held in Demat form, which makes them easy to pledge as collateral for loans against securities. 

The app also helps you make instant purchases through UPI payments. Though one thing that reviewers say it lacks is clear filters for paused/active SIPs, which sometimes confuses the user.

KfinKart is a one-touch login app that offers you a single view of all your investments. If you struggle with making investment-related decisions, you can take the help of technical and fundamental reports provided by it. 

These reports give you a clear and simplified explanation of different investment schemes, their pros and cons, etc. The app comes with intuitive screens that help you navigate smoothly without making you confused, lost, or irritated while using it. 

According to the customers, KfrinKart is user-friendly but has one downside - it does not have information on all the MFs. Although, one great thing is that it allows you to link your family portfolio by providing their PAN card details.

This one is another popular app offering commission-free investment in mutual funds. It provides many benefits like – fully transparent tracking, switching from regular to direct plans, data privacy, managing SIP investments, etc. For easy navigation at night, it comes with a dark mode feature. 

With Paytm Money, you can invest in multiple options like stock, gold, and NPS - which lets you get regular pension income on your retirement. Besides, if you have investments across multiple platforms, you can use its one-tap switch that retrieves all your previous investments information. However, one problem that customers have often faced is the lack of efficient customer support.

Next on the list of best mutual funds investment apps is Kuvera, which allows you to invest through SIP or in lumpsum for as low as ₹500. It is a multiple investment application that contains various assets under a single roof. Although, its UI is quite dull compared to other apps, going by the customer reviews. 

You can be your family’s wealth manager by linking their portfolios. You can also get instant & affordable loans against your mutual fund holdings, loans starting from ₹50,000 up to ₹10cr. The SaveSmart feature helps you plan for emergencies by allowing withdrawals up to ₹2.00 lakhs within 30 minutes.

CashRich claims to be the first Indian mutual fund app to offer dynamic SIP investment for earning higher returns than regular SIPs. You get a lifetime free investment account and an instant money-withdrawal facility. For account security purposes, it has a facial recognition feature called Yoti. You can set it up by going to app settings. 

What makes CashRich different from other investment apps is the quality of recommendations and the level of personalization. You can shift from one mutual fund scheme to another within the same fund house through the Switch feature.

The app also provides 24 hours chat support, where users can convey their issues and get them resolved instantly. Most reviewers loved this element the most. They also said that the personal guidance offered by it is exceptional. Moreover, the app is available in the Hindi language too.

SBI Mutual Fund is another top investment app that is quick, efficient and convenient to use. With InvesTap, you can have a holistic view of your investments, manage your profile, and invest instantly. It offers quick & easy access, multiple investment options, and daily NAV updates. 

The app also has a SIP calculator that helps you calculate the returns on your SIP investments easily. For example, let's say you wish to invest Rs 1500 in SIP every month for 3 years. 

So, this calculator will help you find out the expected return generated under various MF schemes (which can be anywhere between Rs. 65,000 - Rs.1,00,000 depending on the return rate and risk involved).

Lastly, at number ten, we have the Piggy App, where again investing is all commission-free. You can save tax up to Rs 46,800 under section 80c of the Income Tax Act by investing in tax saving mutual funds (ELSS).  

The app claims to use the latest security measures to encrypt data, thus ensuring that all your money is safe & secure. The investment advisors at piggy conduct detailed analysis of your portfolio, identify under-performing mutual funds and offer quick suggestions. 

It is the only investment app in India offering 5 different modes of payment. You can choose from UPI, Debit Card, NEFT, Net Banking, or Bank Mandate. Though one criticism that it has frequently received is the inability to solve clients queries on time.