Top 7 Apps to Invest in Mutual Funds in India

Alan Joseph Alan Joseph
Apr 06, 2021 6 min read
Top 7 Apps to Invest in Mutual Funds in India

Mutual Fund investments are considered as one of the best ways to increase your money in the long run and to beat the inflation rates. This can be a way through which you can achieve financial freedom. With the availability of a lot of mobile applications in the market investing in Mutual Funds has become easier when compared to the days prior.

But choosing the best platform to invest in Mutual funds has become hard as choosing from a wide range of options is a hard process. You can go through this article to choose from the best Mobile Applications available for you to start your Mutual Funds Investment journey.

Groww
Paytm Money
ETMONEY
CashRich
Scripbox
Coin by Zerodha
Kuvera
FAQ

Groww

Groww is a mobile application you can use if you are a beginner in Mutual Fund Investing. The platform provides an interactive and simple user interface. The application offers various resources such as blogs and learning videos that are related to mutual funds to help you in Mutual fund investing in case you are a beginner.

Through the Groww application, you can easily invest in mutual funds at a zero commission rate. The platform provides an easy-to-use interface where you can track all your investments, total returns, and annual returns under one dashboard. You can also create an account easily with a one-step KYC process.

Groww Mobile App
Groww Mobile App

They also have a Mutual Fund SIP calculator this will let you calculate the return on your investments easily and you can even start investing in mutual funds through a Systematic Investment Plan (SIP) at a very low price of INR 100.

All your transactions through the platform will be secure as it uses 128-bit SSL encryption. The mobile application is available for both Android and IOS users.

Downloads - 10M+

Playstore Rating - 4.4

Download Size (Android) - 27mb

Paytm Money

Paytm Money Mutual Funds App is one of the best mobile applications in India for Mutual Fund investment. Through this platform, you can get access to various investment ideas from where you can choose according to your requirements.

There are no hidden charges for buying and selling of Mutual Funds through the Paytm Money Mutual Funds App as it is absolutely free of cost.

Paytm money Mobile app
Paytm money Mobile app

You can open an account in Paytm Money in less than 30 minutes through a paperless KYC process. Opening an account is very simple and it easily makes your account investment-ready as soon as your account is opened and the verification process is completed.

You can track the performance and returns of your investments easily as it has a one-stop solution. You can start investing in Mutual Funds using Paytm Money Mutual Funds App through a Systematic Investment Plan (SIP) at a very low price of INR 100.

The app is available for both Android and IOS users.

Downloads - 5M+

Playstore Rating - 4.2

Download Size (Android) - 28mb

ETMONEY

ETMONEY is also considered to be one of the best platforms for Mutual Funds investments in India. It is a mobile application under Times Network. You can easily navigate using this platform and the application is very light.

ETMONEY provides insights about your investment from the application and this can provide a lot of information and improve your Mutual Funds investment process. This is considered as one of the best features provided by the platform.

ETMONEY Mobile App
ETMONEY Mobile App

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.

Downloads - 5M+

Playstore Rating - 4.5

Download Size (Android) - 19mb

CashRich

CashRich was one of the earliest apps available for Mutual Fund investments in India. It is the first mobile application to offer a dynamic SIP investment option. This provides much higher returns than the regular SIP.

Opening an account is very easy as it is through a paperless KYC process and the platform lets you open an account in less than 30 minutes. The application provides personalized investment options after taking into consideration your financial obligations and goals.

Cashrich Mobile app
Cashrich Mobile app 

The account you open with CashRich comes as a free account for your entire life with no account opening charges and zero maintenance charges. There are no transaction charges as well.

They provide chat support which is active 24x7. The mobile application is available for both Android and IOS users.

Downloads - 100k+

Playstore Rating - 4.5

Download Size (Android) - 10mb

Scripbox

Scripbox is a mobile application which helps you invest in mutual funds. The platform helps you achieve your financial goals in your life by letting you invest in the best mutual funds available. It is one of the most trusted Finance based mobile application in India.

There is no lock in period for both equity mutual funds and debt mutual funds except for ELSS mutual funds. The platform provides a complete view on the growth of your mutual fund investments. They even provide periodic reviews of their mutual funds which will help you stay updated and analyze the best mutual fund available.

Scripbox Mobile App
Scripbox Mobile App

Downloads - 1M+

Playstore Rating - 4.5

Download Size (Android) - 18mb

Coin by Zerodha

Zerodha Coin is a platform which is under the largest stockbroker of the country Zerodha. Zerodha coin is also the largest platform which lets you directly invest in Mutual Funds. The platform lets you invest online with zero commission directly from Asset Management companies.

You will have access to unlimited free investments in direct mutual funds.

Zerodha coin Mobile app
 Coin by Zerodha Mobile app

Downloads - 1M+

Playstore Rating - 4.5

Download Size (Android) - 9.5mb

Kuvera

Kuvera is an online platform which lets you invest in Mutual Funds. The platform runs under the company Arevuk Advisory Services which is a SEBI registered investment advisor.

You can invest in direct mutual funds through the app without any fees or commissions. The platform was introduced in the year 2016. It is a wealth management platform for individual investors.

Kuvera Mobile App
Kuvera Mobile App

Downloads - 500k+

Playstore Rating - 4.7

Download Size (Android) - 32mb

FAQ

What is meant by mutual funds?

Mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.

What are 3 Types of mutual funds?

There are four broad types of mutual funds: Equity (stocks), fixed-income (bonds), money market funds (short-term debt), or both stocks and bonds (balanced or hybrid funds).

What is the 3 day rule in stocks?

The 'Three Day Rule' tells investors and stock traders to wait a full three days before buying a stock that has been slammed due to negative news.

Conclusion

Through such mobile applications investment in Mutual funds has become an easier and hassle-free process. Most of the applications mentioned in this article have somewhat similar futures. You can choose any of the platforms according to your choice and start your investment journey.

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