Top 16 Mutual Fund Startups in India

A mutual fund is a kind of investment where you buy securities of a mixed set of companies to lower your risk. Mutual funds investments can be made in different forms such as Government bonds, corporate bonds, or debt funds. Mutual fund advisors mostly recommend having a diversified portfolio of different kinds of mutual funds. This ensures the goal of the investment is achieved and also the risk factor is controlled. Most of us know that mutual funds are good investment options but are not sure about how to invest.

Many people are confused about where can they invest a part of their salary. However, unlike traditional investors, they are comfortable with taking risks and want to build their own portfolios based on what they think of the market. To solve this problem, many startups have come up which makes it easy for users to buy and sell mutual funds easily with minimal risk. These Mutual Fund Startups also provide you with different analytics and help you decide which options will work best. So here we have compiled a list of all mutual fund startups with their features.

Which Mutual Fund to Invest in?

List of Top Mutual Fund Startups in India

• Scripbox
• Funds India
• Piggy
• Groww
• Orowealth
• Fisdom
• Jama
• Funds Inn
• Rupee Vest
• Mutual Fund Wala
• Wealthy
• Nivesh
• Upraise
• Kuvera
• Invezta
• ET Money

Scripbox

One of India’s fastest-growing asset management platforms was founded in the year 2012. Through Scripbox, one can invest in mutual funds in different categories varying from long-term, short-term, tax-saving, and emergency funds. It is safe and free of charge for investors but charges a certain amount to the mutual fund companies. You can withdraw your money at any point through Scripbox.

Emergency Fund helps you prepare for crisis or any emergency situation. Emergency Fund is at least 6 months of your living expenses.

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FundsIndia

FundsIndia was launched in the year 2009. It is said to be one of the friendliest platforms to invest money. It is free of cost for a lifetime and one can also consider help from an investment advisor. It is secure and one can manage investments for family too by adding the family members to the login ID. To date, FundsIndia has customers in over 2,000 cities across India and 66+ countries have invested over ₹9,700+ crores on its platform in Mutual Funds and Stocks.

Piggy

Piggy claims to provide commission-free mutual funds to its users. This startup also acts unbiased toward customers and provides the best investment options in mutual funds. It is transparent, open, and secure. One can make an investment using their app.

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Groww

Groww believes in making investing accessible to everyone. By building simple products, it promises to provide simple investment options. Creating the right portfolio for individuals and providing assistance to achieve goals helps to invest more easily. Users can also make an investment using their Groww app.

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Orowealth

Orowealth provides its customers with smart investing options. It promises to provide a dedicated advisor for deciding investment options at a much cheaper price as compared to others. It also has the feature of ORO assistance that provides intelligent and personal advice. Orowealth has raised around $2 million to date.

Fisdom

Fisdom which is a wealth management startup in India helps in selecting the best mutual fund investment option from the pool. All the recommendations are done on the basis of intensive research. One can see their money round the clock and withdraw money with just a click. They do not charge any fees and one can get free financial advice from their wealth manager.

Jama

Jama believes in simplifying money and helping people grow their wealth. It applies a simple model by having no hidden fees, no commissions, and no high fees. Jama Wealth is India's top SEBI Registered Investment Advisory, for long-term investing in equity/portfolio/stocks to help with wealth creation & wealth management

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FundsInn

FundsInn provides the user with a problem-free investing experience. It is an AMFI-registered company that offers scientifically chosen portfolios to gain maximum returns. One can compare popular options and then decide. You can also choose a mutual fund portfolio on the basis of the goal you want to achieve.

RupeeVest

Rupeevest incorporates smart technology to provide hassle-free investing options to users. The portfolios are tailored for better returns. It charges zero fees to the user and is safe and secure.

MutualFundWala

MutualFundWala is a Delhi-based company that provides mutual fund investment options through online as well as offline. They basically educate clients about Mutual Funds and understand client’s goals. They assign a relationship manager who then helps clients with additional purchases, changes in SIP, etc.

Wealthy

Wealthy was launched in 2016 and has always worked to make investing easier and simpler for users. It boasts of paperless KYC, algorithm-driven fund selection, and rebalancing of mutual funds. Proper asset allocation and fund selection ensure a balance between risk and rewards. Though they don’t charge anything to invest money but take an annual fee which is 0.2% to 2.2% on the basis of the portfolio.

Nivesh

Nivesh promises to give users a paperless experience of investing in mutual funds. They partner with local businesses that help investors to perform transactions and track performance. Nivesh categorizes mutual funds into broader categories and then curates them as per the needs of the client.

Upraise

Upraise helps make an investment in mutual funds easier by providing paperless KYC, zero commission, and bank-grade security. One can view their investments 24/7 and withdraw them in just a click without any hassle.

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Kuvera

Kuvera is one of the best online platforms to invest in India that helps the user in fund selection, goal planning, tax planning, and rebalancing. It claims to be a truly free investment platform that neither charges from users nor from mutual fund companies. One can invest to achieve goals, save tax, or beat inflation. One more benefit is with one account, you can create investment options for family and relatives as well and also joint accounts.

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Invezta

Invezta believes that healthy investing is everyone’s right. They claim themselves to be pro-investor. They provide users with unbiased portfolio advice that would help them reach goals and get maximum returns. They charge investors with a subscription fee quarter-wise.

ET Money

ETMONEY App, from the house of the Times Of India Group, is a fully integrated mobile platform offering products across all sections of a user’s financial life like Direct Mutual Fund, SIP Investment, ELSS Tax Saving Schemes, NPS, Health Insurance, etc. From managing expenses to tracking your investments, from generating extra income through investments to saving money in taxes, from investing in Smart Solutions to borrowing money during the cash crunch, ETMONEY is a one-stop-shop for all financial needs.

The platform also offers personal finance strategies after taking into consideration your financial goals and your duties. The app also offers solutions for tax savings for free which will help you save up to INR 46,800.

Through this platform, you can also get access to various financial products such as insurance policies, direct mutual fund investments through SIP’s, Instant loans, etc. The app also lets you transfer money into the platform through various UPI payment apps such as Google Pay, PhonePe, Paytm, etc.

The Mutual Fund investments through the app are free of cost. The Application is available for both Android and IOS users.

Conclusion

So, this was a list of major mutual fund startup companies in India. Hope this list helps you to have an idea of which platform you can use to invest in mutual funds in India. With a myriad of mutual fund startups to choose from, one can easily invest through a firm that they believe can help them realize their goals. Since mutual fund investments have now become transparent, one can easily manage the various portfolios on their own. One needs to study the market risks involved before investing.

FAQs

How much does it cost to start a mutual fund?

Estimates for initial setup costs alter from $25,000 to upwards of $100,000, depending on the nature of your mutual fund and who sets it up. The costs on an ongoing basis can make it difficult for new mutual funds to turn a profit.

Will mutual funds make you rich?

It’s good enough to help you achieve your monetary goals and at some point become financially independent which in itself is a great thing but if you want to become really rich, just investing in Mutual Funds is not going to make it happen. But investing in stocks is also not going to do it.

Do mutual funds cost money?

Every company that manages a mutual fund charges an annual fee - generally 0.5% to 2.5% of assets - as well as several other expenses. In addition, some funds slap you with a sales charge over and above those fees.

How does the Groww app work?

Groww lets its users invest in mutual funds, including systematic investment planning (SIP) and equity-linked savings. Available on  Android, iOS, and the web, it offers more than 5,000 mutual funds, which can be invested in directly from its Groww app.