Top 10 Best App to Invest In Mutual Funds In India 2023 | SIP Direct

Last Updated: November 2024

Top 10 Best App to Invest In Mutual Funds In India 2023 | SIP Direct

1. Overview

2. List of Apps

3. FAQs

4. Conclusion

Overview

Mutual funds have become increasingly popular as an investment technique for individual investors. These carefully curated investment portfolios provide a safe and reliable platform for investors to grow their money. With the help of mutual fund apps, investing and tracking your investments has become even easier, bringing the market right to your doorstep. Some key benefits of using a mutual fund app include:

 

• Mutual fund apps offer the convenience of browsing various investment options and investing with just a smartphone click.
• Users can easily track the market and link their bank accounts for quick investments through these apps.
• Investing and tracking mutual funds become simpler and more straightforward with the help of these apps.
• Users have access to multiple schemes and can monitor their performance to choose the best option for their needs.
• The apps enable investing in mutual funds from anywhere and at any time.
• The KYC documentation and verification process is entirely paperless and hassle-free, ensuring a smooth user experience.
• Users receive daily news alerts and insights through these apps, aiding in making informed investment decisions.
• Choosing the right mutual fund app provides all the necessary scheme-related details for wise investment choices.

 

App Name	Rating	Installs	App URL	Highlight
Groww: Stocks & Mutual Fund	4.5 star	10M+	Playstore link	✅ 100% paperless online free Demat account opening ✅ Simple & easy sign-up ✅ Making Mutual Funds & Stock Investing Easy, Fast & Secured At Your Fingertips
ET Money: Mutual Funds & SIP	4.4star	5M+	Playstore link	✅ Fast, Easy, Paperless & Secure ✅ Supports all UPI payment Apps like Google Pay, PhonePe ✅ Create Mutual Fund Investment account in a few minutes ✅ No transaction charges & No hidden fees
Fisdom: Stocks, IPOs & MFs	4.5star	1M+	Playstore link	✅ Invest any time, anywhere ✅ Simple & intuitive app ✅ 100% digital KYC powered by DigiLocker ✅ No transaction or platform fees, no hidden charges
SBI Mutual Fund	4.0star	1M+	Play store link	✅ Quick & Easy access to your investments ✅ Multiple Investment Options ✅ Start your SIP plans as early as 7 days ✅ Convenient for investors
Paytm Money	4.0star	10M+	Playstore link	✅ More than 12 million investors ✅ Access to Mutual Funds at your fingertips ✅ Stock Market investments made quicker and easier
myCAMS Mutual Fund App	4.2star	5M+	Playstore link	✅ Faster, easier, and smarter ✅ Multiple Mutual Funds ✅ Won Best Financial App Award
FundsIndia	3.5star	1M+	Playstore link	✅ Easy Investments for all ✅ One-stop shop for all your Investment Needs ✅ Save Tax with ELSS Funds
HDFC MF Online Investors	4.2star	500K+	Playstore link	✅ Hassle-free Registration ✅ Multiple Payment Options ✅ Instant Redemption
Coin by Zerodha	4.2star	1M+	Playstore link	✅ Invest in commission-free direct mutual funds ✅ Flexible investment options ✅ Instant payment processing ✅ One-click access to statements
CashRich Mutual Fund App India	4.8star	100K+	Playstore link	✅ Lifetime free investment account ✅ Start SIP in the best mutual funds ✅ Easily withdraw money in two taps ✅ Support for Hindi
Nippon India Mutual Fund	4.6star	1M+	Playstore link	✅ Quick, Easy & Secure access ✅ Ease of Fund Discovery & Quicker Decision Making ✅ Smarter and more efficient
INDmoney	4.4star	5M+	Playstore link	✅ TRACKING INVESTMENTS @ Zero Cost ✅ Simple and handy loan ✅ Zero transfer fee
Axis Mutual Fund	4.6star	1M+	Playstore link	✅ Invest in just 5 minutes ✅ Fast, simple & paperless investments ✅ Invest in multiple mutual funds ✅ No Re-registration ✅ Secure and easy access
Mutual Fund Investment App – M	3.8star	50K+	Playstore link	✅ It is a free, user-friendly, and secure app for online mutual fund investments ✅ Free of cost account opening

Groww Mutual Funds App

• Access to 5000+ mutual fund schemes with 0% commission for optimal investments.
• Seamless automation and management of investments through the monthly SIP feature.
• Quick and paperless creation of mutual fund accounts within minutes.
• Analytics of past performances and holdings available for informed scheme selection.
• ‘Smart save’ feature for instant fund withdrawal and improved returns.
• Ability to import external mutual fund investments into the Groww app for easy redemption, switching, and reinvestment.
• Subscribe to NFOs (New Fund Offers) and receive information and subscription options for new schemes from various fund houses.

Fisdom: Your All-in-One Investment App for Stocks, IPOs & MFs

• Over 5000 mutual fund schemes available for mutual fund investment.
• Easy and paperless online investment process that takes just a few minutes.
• Ability to evaluate and adjust investments for creating an ideal mutual fund portfolio.
• Investment recommendations designed to serve your best interests and offer well-researched options.
• Various schemes and features provided by Fisdom, including High growth funds, Park my savings, Tax saving funds, hybrid, and other equity funds.
• Fisdom partners with renowned financial institutions such as IDBI, MIRAE Asset, Franklin Templeton, Nippon, SBI, HDFC, and more.

SBI’s Mutual Fund Investment App

• SBI MF invesTap is a mobile-friendly mutual fund app designed for easy online financial transactions.
• Browse through different funds, plan financial goals, invest, switch schemes, redeem, and track performance seamlessly.
• The Family Solution feature offers personalized investment plans and risk appetite checks to achieve financial goals.
• Get real-time alerts and notifications for fund NAVs and transaction scheduling.
• Utilize the Receive a Call tool to connect with the expert team for assistance with investments, redemptions, switches, and other transactions.
• Create a watch list of up to three funds using invesTap features for comparison and monitoring before making investment decisions.

Paytm Money app

• Over 12 million investors, Seamless investment journey for various types of investments and wealth management
• Options include Stocks, Mutual Funds, IPOs, Futures & Options, NPS, and more
• Meagre brokerage charge to encourage beginner investors
• Investment account ready in 30 minutes after completing paperless KYC
• No commission or hidden charges
• Insights into portfolio statements & Track Performance for better investment management
• Popular mutual fund portfolios with options like equity, debt, ELSS tax saver, and balanced funds
• Mutual funds with attractive returns offered by Paytm

MyCAMS Mutual Fund App

• Enables digital accessibility for managing mutual fund investments.
• Build a perfect portfolio from a selection of over 17 mutual fund schemes.
• Enjoy features like schemes from multiple dimensions, redeem or switch, purchase transactions, start a new portfolio, and subscribe to NFO.
• Utilize digiSIP for easy management of SIPs in seven days across 17 mutual funds.
• Available mutual fund portfolios include HDFC, IDFC, Mahindra Manulife, and White Oak Capital.
• Additional key features: Scheduled future transactions, a guide for selecting the most cost-effective fund to redeem, Voice orders, my favourites, and more.

Funds India mutual fund investment app

• The app’s mutual fund calculator provides insights into the investment amount, SIP duration, and expected returns.
• Funds India boasts a 13-year track record and serves over 24 lakh customers, ensuring secure and profitable investment and wealth management journeys.
• They offer attractive schemes like Axis Focused 25 Fund, ICICI Pru Nifty Next 50 Index Fund, Motilal Oswal Nasdaq 100 FOF, ELSS tax saver funds, and more.
• Funds India allows investment in Mutual Funds via lump sum or SIP (Systematic Investment Plan).
• SIP, a straightforward investing method, utilizes compounding to transform smaller investments into a significant corpus.
• Their STP strategy is an intelligent valuation-driven deployment tool for investing lump sums in equities without affecting current market valuations.

HDFC MF Online Investors app

• Facilitates easy investment in mutual funds for one-time purchase or SIP
• Paperless documentation process for easy onboarding
• Access the comprehensive dashboard to track HDFC MF investments anytime and from anywhere
• Choose and invest in various mutual fund categories, including Large cap, Mid cap, Small cap, Tax Saving (ELSS), Liquid, Overnight, Multi cap, Flexi cap, Gold, Hybrid, Debt, and more
• Assists in asset allocation and building a well-diversified portfolio
• Invest in NFOs (New Fund Offers) of HDFC Mutual Fund through the app
• Seamless navigation process for purchase, SIP transactions, or switching funds
• Multiple scheme options to effectively diversify your portfolio

Coin by Zerodha

• Coin is a platform that gathers customer orders and executes them on BSE StarMF.
• The app serves as an investor’s tool, providing a user-friendly investment and management platform.
• Investors can easily modify, pause, or resume SIPs (Systematic Investment Plans) at their convenience.
• Mutual funds within the Coin app are held in demat format, combining investments from mutual funds, ETFs, stocks, and bonds in a single portfolio.
• All investments are in direct plans of mutual funds, which means no commission charges or extra fees.
• By investing in these direct mutual funds, investors can save up to 1% in commissions.
• The available fund categories include equity, debt, hybrid, index, and solution-oriented funds.

CashRich Mutual Fund App India

• Dynamic SIP options with higher returns and improved portfolio diversification
• Lifetime investment account provided at no cost
• Scheme recommendations tailored to individual profiles
• Easy withdrawal and tracking of all investments
• Face recognition feature for enhanced security
• SIP calculator and investment return calculator tools available
• Capability to track, move, or cancel schemes within various fund houses
• Partnerships with leading fund houses including Axis, Birla Sun Life, DSP BlackRock, Edelweiss, Franklin Templeton, HDFC, ICICI Prudential, IDBI, and others.

Nippon India Mutual Fund app

• Hassle-free investment journey with investor-friendly documentation and onboarding
• Secure access using fingerprint or M-pin
• Consolidated portfolio analysis providing insights into investments, returns, and asset class split
• Dashboard to track pending transactions, renew SIPs, and update profile details
• Link family’s portfolio for better investment management
• Discover top trending funds using filters like asset class, investment objectives, or risk profile
• Choose funds that suit your criteria
• Utilize a fund performance tracker and a future value calculator to compare different investment options and make informed decisions.
• Build a watch list of funds to keep track of potential investment choices.
• Invest in funds when you are ready with your decision, thanks to the watch list that helps you stay organized.

IND money app

• 0% commission on investing in direct mutual funds with no transaction charges or paperwork.
• Top equity funds available: Flexi-cap, large-cap, mid-cap, and focused funds.
• Other fund types include top debt, hybrid, and index funds, with multiple schemes to choose from.
• Renowned fund houses on IND money platform: ICICI, SBI, Aditya Birla Sunlife, Kotak, and HDFC.
• Investment options in trending funds, gold funds, best SIP funds, or tax savers based on your risk appetite.

Axis mutual fund app

• Enables a simple & paperless mutual fund investment process for SIP, Lumpsum, or switch investments for new, first-time, and existing investors from anywhere and anytime.
• Offers multiple categories like debt funds, Liquid funds, ELSS tax saver funds, hybrid funds, and small, mid, and large-cap funds.
• Investors can create their portfolio using their credentials with secure access through mPIN and biometric verification.
• Supports multiple transactions at one go and smooth investments in NFOs offered by Axis Mutual Fund.
• Key Features:
• Instant redemption option.
• Portfolio analysis for the scheme.
• SIP returns and monitoring of the NAV & dividend history.
• Easy access to capital gain and account statements for informed decisions on buying, switching, or redeeming at convenience.

MySIPonline App

• Free investor account creation with no hidden charges
• Convenient online investment in suitable mutual funds without paperwork or KYC hassles
• Regular updates on top-performing schemes
• Fund recommendations based on eligibility and risk appetite
• Access to over 1200 schemes for selection
• Dashboard facility for clear insights into all investments
• EMI and investment calculators for a viable investment plan
• Prime funding houses, including ICICI Prudential Mutual Fund, Tata Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, UTI Mutual Fund, Reliance Mutual Fund, IDBI Mutual Fund, Sundaram Mutual Fund, and more.

ET Money App

• ET Money application enables users to invest in mutual funds, NPSs, insurance, and fixed deposits efficiently.
• The app provides decision-making and research tools like Mutual Fund Report Card, Portfolio Health, and Investor Personality Test to assist in intelligent investing.
• ET Money Money Genius is a premium membership service offering unlimited investment management for MF and stocks, monthly portfolio recommendations, and extra savings.
• The app caters to under-served Indian retail investors, providing investing intelligence and better investment opportunities in a single platform for managing their investment portfolio.

Conclusion:

• Mutual fund apps are highly popular for creating investment portfolios quickly and conveniently.
• These apps enable users to track and analyze various mutual fund options.
• By linking your bank account, you can easily set up an investor account and start investing.
• The apps offer easy access to manage your investments and provide helpful tips and notifications.
• When choosing the best mutual fund, prioritize one that offers the highest returns with a safe and secure plan.
• Before building your portfolio, assess your risk tolerance, time horizon, and financial goals to make an informed decision.

FAQ: Frequently Asked Questions:

1. What are the top mutual fund apps?

Some of the top mutual fund apps include Fisdom, Groww, ET Money, MyCAMS, Coin by Zerodha, Paytm Money, and HDFC. For a complete list, please refer to the article.

2. Which app is better for Mutual funds?

Fisdom, Groww, and Bajaj Finance Mutual fund app are some of the better apps for mutual funds.

3. Which is the No 1 mutual fund app in India?

There are multiple top mutual fund apps in India, including Groww, Fisdom, and Bajaj Finance.

4. Which are the top-rated mutual fund apps?

Some of the top-rated mutual fund apps on Playstore, with a rating over 4.5, are Groww, Fisdom, Nippon, CashRich, Axis Mutual Funds, and Bajaj Finance.

5. Which is the best mutual fund app in India?

Based on ratings, Groww, Fisdom, and Bajaj Finance are some of the top-rated mutual fund apps in India.

6. Which is the best app for mutual fund investment?

Some of the top apps for mutual fund investment include Fisdom, Groww, Bajaj Finance, Paytm Money, SBI, HDFC, and Coin by Zerodha.”

 

Summary

App Name	Rating	Read More
Fisdom	4.6	https://play.google.com/store/apps/details?id=com.finwizard.fisdom
Groww	4.5	https://play.google.com/store/apps/details?id=com.nextbillion.groww
Bajaj Finance	4.6	https://play.google.com/store/apps/details?id=org.altruist.BajajExperia
Coin by Zerodha	4.2	https://play.google.com/store/apps/details?id=com.zerodha.coin
ET Money	4.4	https://play.google.com/store/apps/details?id=com.smartspends

 

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