Investing your money is a great option to simultaneously save and grow your hard-earned money and have an additional income source that will help you achieve your short term and long term financial goals. One of the best methods of
investing your money is through mutual funds. Although mutual funds have their own set of risks that you need to consider before making an investment, they are also one of the most lucrative forms of investment. Investing in mutual funds is also relatively easy as you can simply do it via a SEBI registered mutual fund app that makes for a trusted and reliable investment platform. There are many such apps available that allow you to create an account through a hassle-free registration process and start investing in mutual funds by choosing between various schemes. Many of these best apps for mutual fund investments also offer proper guidance and financial advice to help beginners choose the right investment that will fulfil their financial goals. However, as a beginner, it sometimes gets really hard to choose the best mutual fund app to invest in. You no longer have to worry about that. Here, we will discuss some of India’s best mutual fund apps, which are available for download across many app stores and can prove to be your first step towards becoming a successful investor.
When looking for the best mutual fund app in India, you have to consider the MyCams mutual fund app that offers you a single gateway to access investments made across more than one mutual fund. The application is simple and practical to use and does not ask you to pay any kind of brokerage. Through its many functions like purchasing, redeeming and selling, the MyCams app proves to be highly functional and useful when it comes to mutual fund investments. Once you download the application on your Apple or Android device using one of the above links, the registration process is simple. You have to complete your eKYC verification, which can be simply done using your Aadhar card, and your account will be created and functional on this application through which you can invest in both lump sum and SIP (Systematic Investment Plan). One of the app’s most interesting features is that it lets you create a watchlist to keep track of schemes and funds you may want to invest in the future.
Coin by Zerodha is an application designed to make your mutual fund investments much more convenient and easy. You need to have a Zerodha account to use this application and start making investments through it. The application allows you to invest in SIPs or Systematic Investment Plans and also allows you to manage your portfolio. Using your account balance, you can easily invest and keep track of those investments through this application. The coin app gives you a choice between 3000 commission-free direct mutual funds across 34 Management asset companies to invest in based on your investment goals and preferences. You can also invest in ELSS funds through the app and save on your taxes. The Coin application allows you to purchase orders instantly by making a UPI payment. Whatever mutual funds you invest in using this application are held in Demat form, making it easy for them to be used as collateral for the loan against securities. The simple and intuitive user interface of the application has made it extremely popular among investors. The high rating on both Google Play and Apple store has made this one of the best apps for mutual fund investments.
By being available for download on both Apple and Android devices, this GoMF app by MF Utilities provides high accessibility to different users. You can easily invest through direct mutual fund houses with the help of this application. If you have previously invested in any mutual funds, you can have an account here and transact online through this account while also knowing about the units that you already hold. The GoMF application allows you to invest in SIP or Systematic Investment Plans, STP or Systematic Transfer Plans, and SWP or Systematic Withdrawal Plans. The easy user interface and multiple convenient functions make this a user-friendly application for mutual fund investments.
If you are a beginner looking for some of the best mutual fund apps to invest in, then the Groww app might just be the right choice for you. With a simple account opening that can be done by easy eKYC verification, this app lets you create an account easily within 24 hours. The app doesn’t charge you any brokerage fee, which means that the buying and selling through the Groww app are free. This feature makes this app so attractive and ideal for beginner investors who are low on funds. The application also does not charge any fees for account opening, thus providing you a completely commission-free platform to seamlessly invest in mutual funds. By allowing a low initial investment, this application allows you to start a SIP investment at as low as Rs. 100. With a dashboard to track all your investments, annualised returns, and total returns, you easily track all your funds and activities through the app to have a clear plan. One more interesting feature that makes the application ideal for beginners and newcomers is the availability of many learning videos and blogs that are created and written by experts to help newcomers start their mutual fund investment journey. The app also features one-stop portfolio insights that allow you to keep track of your performance.
ETMONEY is a mutual fund investment application from the Times Group and offers you a platform to make direct investments in mutual funds. This application provides you with excellent insights into your investments and is another useful application for those who have just started investing in mutual funds. As this app has a fully automated network, it becomes easy to navigate it. By allowing you to invest in SIP, lump sum or ELSS funds, the ETMONEY application makes for a one-stop destination for all your investment needs and preferences. The app provides you with strategies that may help your investments based on your financial goals and helps you keep track of your previous investments and overall performance. You can also avail of other financial services like buying insurance policies and instant loans through the application.
This IPRUTouch App by ICICI Prudential mutual fund is an application that allows both new investors and those who already have invested in ICICI mutual funds an equal platform to carry and manage their further investments and portfolios in an efficient way. You are free to purchase or sell through this application and you can also make investments in SIPs or Systematic Investment Plans, STPs or Systematic Transfer Plans, and SWPs or Systematic Withdrawal Plans. You can invest in all types of ICICI mutual funds through this application, including the ICICI Pru Focused Blue Chip Fund, ICICI Balanced fund, ICICI Pru Infra Fund, 1C1CI Pru Top 100 fund and many more. You can easily download this application via either Google Play Store or Apple store and create your account to start investing in ICICI mutual funds to gain maximum benefits and create your standing in the mutual fund investments world.
Another SEBI registered mutual fund app that is highly reliable and safe for beginners to start investing in mutual funds is the Kuvera application. By offering expert financial advice, the application helps new investors to decide their investment plan and gives them an idea about how they should plan their investments in line with their financial goals. With no commission or hidden charges on account opening and investing, this application provides a commission-free platform for new investors to start their journey. The app features a one-stop tracking dashboard that helps you keep track of your investments and overall performance on the app. With allowing you to make goal-based investments, the Kuvera app can be of immense help to meet your financial goals easily and on time. The app also allows you to invest in the stock market and gold, which offers more investment options than mutual funds. Through this application, family accounts can manage joint investments without much hassle.
When looking for an app to invest in or manage SBI mutual funds, you have a one-stop solution in the form of this InvesTap Mutual Fund App from SBI. This application allows you to invest, redeem, or switch between one mutual fund to another easily and conveniently. It also allows you to keep track of your investment performance and go through all the available funds that you might be interested in investing in the near future. You can easily start your investing journey through this app by simply using your PAN number. Two of the many SBI mutual funds that you may want to invest in using this application are SBI BlueChip and SBI Balanced funds. Once you have your financial goals clear, you can take a step towards fulfilling them by investing in the right mutual funds via this app.
As India’s first-ever mutual fund application to offer Dynamic SIP method that avails much higher returns and benefits than other SIPs, the CashRich app has gained immense popularity among investors in recent times. You are offered many high-performing schemes under various categories like short term, long term, tax-saving and many more on this app that will help you reap maximum gains to achieve your financial goals and targets. It has a very useful and interesting “switching” feature that lets you switch from one scheme to another with the same fund. With the right guidance and advisory provided on this app you can invest in the top-performing scheme and be more clear about the type of schemes you would want to invest in the future. The app also allows you to track your past performance and calculate SIP returns which is extremely important in maintaining a good and impressive portfolio.
The FundsIndia Mutual Fund App from Funds India offers an easy user interface and allows you to create your account with just a few steps using your Aadhar card as your KYC document. You can invest in both equities and mutual funds through this application. There are many expert investment advisors available on this app. Before investing, you can talk to them for the right guidance and understand what type of investment will fit your financial goals. Given such a wide range of advisors that help new investors to achieve the success they deserve, this app won the National Online Advisory Service Award by CNBC Tv18 for three consecutive years. So, if you are a new investor looking for some genuine guidance in your investment journey, the FundsIndia Mutual fund app is the way to go.
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