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.
Image | 1 ![]() Nextbillion Technology Private Limited | 2 ![]() Times Internet Limited | 3 ![]() Computer Age Management Services Private Limited | 4 ![]() Zerodha Broking Limited | 5 ![]() Kfin Technologies Private Limited | 6 ![]() Paytm - One97 Communications Ltd. | 7 ![]() Arevuk Advisory Private Limited | 8 ![]() CR Fintech Pvt Ltd | 9 ![]() SBI Funds Management Private Limited | 10 ![]() Valuevest |
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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 Size | 24.89MB | 28MB | 6MB | 24MB | 9.3MB | 33MB | 35MB | 11MB | 17MB | 15MB |
Ratings | 4.3/5 with a total of 3,11,537 ratings | 4.5/5 with a total of 1,18,529 ratings | 4.4/5 with a total of 70,304 ratings | 4.3/5 with a total of 14,209 ratings | 4.1/5 with a total of 37,069 ratings | 4.0/5 with a total of 94,960 ratings | 4.5/5 with a total of 11,118 ratings | 4.8/5 with a total of 862 ratings. | 4.3/5 with a total of 49,445 ratings | 4.0/5 with a total of 7301 ratings |
Key features | Impressive 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, etc | Zero-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 Hindi | Online OTM registration, favourite transactions, SIP calculator, Interactive product page, multiple investment options | Zero Commissions, paperless & safe, switch to direct funds |
Available on | Android, iOS, Web App | Android, iOS | Android, iOS | Android, iOS | Android, iOS | Android, iOS | Android, iOS | Android, iOS | Android, iOS | Android, iOS |
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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!
From ₹0.00
Total Downloads | +10M |
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App Size | 24.89MB |
Ratings | 4.3/5 with a total of 3,11,537 ratings |
Key features | Impressive UI, simple KYC, zero commission, learning blogs & videos, etc. |
Available on | Android, iOS, Web App |
From ₹0.00
Total Downloads | +5 Million |
---|---|
App Size | 28MB |
Ratings | 4.5/5 with a total of 1,18,529 ratings |
Key features | Easy navigation, free of cost investing, UPI payments, multiple functions, etc. |
Available on | Android, iOS |
From ₹0.00
Total Downloads | +1 Million |
---|---|
App Size | 6MB |
Ratings | 4.4/5 with a total of 70,304 ratings |
Key features | Simple KYC, PIN/Pattern login, two-factor authentication, PAN Level Portfolio View, etc |
Available on | Android, iOS |
From ₹0.00
Total Downloads | +1 Million |
---|---|
App Size | 24MB |
Ratings | 4.3/5 with a total of 14,209 ratings |
Key Features | Zero-brokerage, flexibility with SIP, instant payments, etc. |
Available on | Android, iOS |
From ₹0.00
Total Downloads | +1 Million |
---|---|
App Size | 9.3MB |
Ratings | 4.1/5 with a total of 37,069 ratings |
Key Features | One-touch login, enriched navigation, portfolio dashboard, NAV tracker, etc. |
Available on | Android, iOS |
From ₹0.00
Total Downloads | +5 Million |
---|---|
App Size | 33MB |
Ratings | 4.0/5 with a total of 94,960 ratings |
Key Features | Easy account opening, multiple investment options, SIP management, data privacy, etc. |
Available on | Android, iOS |
From ₹0.00
Total Downloads | +500K |
---|---|
App Size | 35MB |
Ratings | 4.5/5 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 on | Android, iOS |
From ₹0.00
Total Downloads | +100K |
---|---|
App Size | 11MB |
Ratings | 4.8/5 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 on | Android, iOS |
From ₹0.00
Total Downloads | +1 Million |
---|---|
App Size | 17MB |
Ratings | 4.3/5 with a total of 49,445 ratings |
Key Features | Online OTM registration, favourite transactions, SIP calculator, Interactive product page, multiple investment options |
Available on | Android, iOS |
From ₹0.00
Total Downloads | +100K |
---|---|
App Size | 15MB |
Ratings | 4.0/5 with a total of 7301 ratings |
Key Features | Zero Commissions, paperless & safe, switch to direct funds |
Available on | Android, iOS |
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.
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.
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.
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.
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.
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.
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.
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!
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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