Investing in mutual funds through a Systematic Investment Plan (SIP) has become a popular and smart way for Indians to build long-term wealth. With the digital advancement, there has been a huge spike in digital investment. Thanks to the best SIP platform, which makes it easier than ever to start a SIP from the comfort of your home. But with so many options available, the big question is, which is the best platform for SIP? Don’t worry about taking you out of the dilemma of choosing the best platform to invest in SIP. We’ve curated a detailed list of some best platform for SIP, that suit your needs best.
We will look at 9 leading SIP investment apps that have been in the eyes of the SIP investor: Groww, Zerodha Coin, myCAMS, Angel One, INDmoney, ET Money, Paytm Money, Upstox, and Bajaj Finserv. Each app will be reviewed based on user experience, features, tenure, and suitability. There is no concept of keeping any application in the first position, as different SIP platforms offer different benefits catering to the huge customer base. So, whether you’re a beginner or an experienced investor, this guide will help you choose the best platform to invest in SIP.
Also Read: About Average Return on Mutual Funds
Key Features of SIP
Investing in mutual funds has become simpler and more accessible thanks to SIPs, or Systematic Investment Plans. It is a great way to build good savings over time. You can just start investing in SIP by contributing smaller amounts regularly. SIP is one of the most effective ways to invest in mutual funds. Below are the most important features that make SIP a popular choice among investors:
1. Disciplined and Regular Investing
SIP encourages consistent investing habits by allowing you to invest a fixed amount every month. Investment in SIP can be monthly, quarterly, or annually, depending on your financial objectives. This makes it easier to stay committed to long-term financial goals.
2. Rupee Cost Averaging
With SIP, you invest regularly regardless of market conditions. This means you buy more units when prices are low and fewer units when prices are high, reducing the impact of market volatility over time.
3. Power of Compounding
The biggest advantage of SIPs is the compounding effect. The returns you earn also start earning returns, helping your wealth grow faster. So, the longer you stay invested, the greater the potential for your wealth to grow.
4. Flexibility
You can start a SIP with as little as ₹100. SIPs also offer the flexibility to pause, increase, decrease, or stop your investments anytime. So, there’s no hassle of putting a big amount or taking it out for any financial need.
5. No Need to Time the Market
SIP investors don’t need to worry about when to enter or exit the market. By investing regularly, you naturally balance out market ups and downs.
Above highlighted are the major features of investing in SIP, but with so many platforms available today, choosing the best platform for SIP can be confusing for many. So, jumping next to the content, you’ll find some best SIP platform which come with advanced features to make SIP investing easier.
List of 9 Best Platform for SIP
1. Groww
Groww is one of the best platform for SIP, especially for beginners. This app comes with a user-friendly interface for mutual fund investments. It quickly became popular among young investors for its clean interface and ease of use.
Key Features:
- Direct mutual fund investments with zero commission
- Paperless KYC process
- SIP calculator to estimate returns
- Track and manage SIPs easily
- Option to invest in stocks and ETFs too
Who should choose Groww:
- Beginners who prefer a simple and clean interface
- Investors looking for direct plans to maximise returns
Tenure in the market: 10+ years
2. Zerodha Coin
It is one of the best platforms to invest in SIP. The high-value customer base of the platform makes it the best SIP investing platform. Zerodha Coin allows you to invest in direct mutual funds through your existing Zerodha demat account with no commission (saving up to 1% in fees)
Key Features:
- Invest in direct mutual funds for free
- Integration with Zerodha trading account
- SIPs are credited directly into your demat account
- Wide range of fund options
Who should choose Zerodha Coin:
- Existing Zerodha users
- Investors looking to consolidate stocks and mutual funds under one platform
Tenure in the market: 15+ years
3. myCAMS
myCAMS is the official app of CAMS (Computer Age Management Services), India’s largest registrar and transfer agency. It supports mutual funds from 15+ AMCs and provides a comprehensive dashboard with real-time portfolio tracking to make SIP investing easier and more comfortable.
Key Features:
- Consolidated view of your investments across AMCs
- Paperless SIP registration
- One-touch transaction system
- Secure and reliable platform
Who should choose myCAMS:
- Investors with existing mutual fund portfolios across different AMCs
- Those who value a stable and secure app
Tenure in the market: 15+ years
4. Angel One
The best SIP platform for all types of investors. The easy SIP setup and flexible investing amount make the platform stand out from many. Angel One offers mutual funds through both direct and regular plans. It’s ideal for users who want access to research-backed recommendations.
Key Features:
- AI-based fund recommendations
- Research reports for informed decision-making
- All-in-one platform for stocks, F&O, and SIPs
- Seamless user interface
Who should choose Angel One:
- Investors who want advisory services along with SIPs
- Users looking for a full-service investment experience
Tenure in the market: 20+ years
5. INDmoney
INDmoney not only lets you invest in SIPs, but it also provides a detailed view of your entire financial life, including stocks, mutual funds, goals, and debts. The platform offers easy onboarding of SIP setup for diversified investing.
Key Features:
- Track SIPs, stocks, loans, and goals in one app
- Free family portfolio tracking
- US stock investing option is available
- Robo-advisory for SIP suggestions
Who should choose INDmoney:
- Investors who want to manage their entire financial life in one app
- Users who prefer automated, goal-based investing
Tenure in the market: 5+ years
6. ET Money
ET Money is a popular SIP platform that onboards investors who are looking for easy setup and commission-free investment in direct mutual funds. The application is backed by the Times Group. It offers a feature-rich experience and makes investing extremely simple for beginners.
Key Features:
- Smart SIP recommendations
- Paperless KYC and instant SIP setup
- Automated portfolio tracking and rebalancing
- Tax-saving options (ELSS)
Who should choose ET Money:
- Beginners looking for a guided SIP experience
- Investors who need assistance in portfolio building
Tenure in the market: 8+ years
7. Paytm Money
Paytm Money is often described as the best platform to invest in SIP to explore multiple investing options, starting from mutual funds to stocks and derivatives. The application is backed by the Paytm brand, which is quite simple to use with just a few clicks. This app offers direct mutual funds and SIP investments with a minimum investment starting at ₹100.
Key Features:
- Direct mutual fund investment
- Zero commission and low minimum SIP amounts
- Tax-saving options available
- Easy to use for Paytm users
Who should choose Paytm Money:
- Small-ticket investors and beginners
- Paytm ecosystem users looking for simple SIP options
Tenure in the market: 6+ years
8. Upstox
Upstox is often categorised under the list of best platforms for SIP due to its fast order execution rate and margin trading facilities. Upstox has evolved into a complete investment app that now supports mutual funds and SIPs, along with stocks and F&O trading.
Key Features:
- Direct plan SIPs with zero commission
- Intuitive user interface and app performance
- Real-time tracking and SIP management
- Great for DIY investors
Who should choose Upstox:
- Users already trading with Upstox
- DIY investors looking for a digital-first SIP experience
Tenure in the market: 9+ years
9. Bajaj Finserv
Bajaj Finserv Mutual Fund Platform brings the trust of a large financial conglomerate with a digital-first mutual fund investment platform.
Key Features:
- Expert-curated mutual fund recommendations
- SIPs starting from ₹100
- Wealth management services
- Secure and reliable platform
Who should choose Bajaj Finserv?
- Investors looking for trustworthy service and fund curation
- Conservative investors who value reputation and support
Tenure in the market: 10+ years (parent company)
However, choosing the best platform for SIP depends on your personal preferences, investment goals, and comfort level with digital apps. Here’s a quick comparison. To summarise, there’s no one-size-fits-all answer to the question of the best SIP platform. Each of the apps mentioned above is the best platform to invest in SIP in its category. The key is to align your choice with your financial habits and investment goals.
Also Read: Good Mutual Funds for Investment
Recap of Why These Apps Are the Best Platforms to Invest in SIP:
- Groww: Simple and clean for beginners
- Zerodha Coin: Great for traders who also invest
- myCAMS: Ideal for users investing in different fund houses
- Angel One: Best for expert-guided investing
- INDmoney: Perfect for total money management
- ET Money: Easy, fast, and great for tax-saving SIPs
- Paytm Money: Start with low amounts
- Upstox: Fast and modern
- Bajaj Finserv: A Reliable and trusted name
How to Select the Best Platform for SIP?
Choosing the best platform to invest in SIP is just as important as selecting the right mutual fund. Here’s what you should look for when comparing platforms:
1. User-Friendly Interface
The platform should be simple, intuitive, and easy to navigate—especially if you’re a beginner.
2. Direct Fund Availability
Always go for platforms that offer direct mutual funds. These funds have no commission, which means you earn higher returns compared to regular funds.
3. Zero or Low Charges
Many apps charge processing fees or commissions. The best SIP platform for SIP should have minimal to no charges for mutual fund investments.
4. Wide Range of AMCs
The platform should allow you to invest in mutual funds from multiple asset management companies (AMCs), giving you more choices.
5. Paperless KYC
A quick and digital KYC process saves time and makes the onboarding process smoother.
6. Customer Support and Portfolio Tracking
Efficient support and easy-to-use tracking tools are essential to manage and monitor your SIPs effectively.
Conclusion
Investing in mutual funds through SIP is no longer a complex process. Thanks to the rise of digital investment platforms, starting and managing a SIP is now as easy as a few taps on your phone. Whether you’re a college student starting your financial journey or a seasoned investor optimising your portfolio, choosing the best platform for SIP can make a real difference in your long-term wealth creation.
When selecting the best SIP platform, always consider ease of use, access to direct mutual funds, low or zero charges, and trustworthy customer support. These factors ensure that your investment experience is smooth, secure, and aligned with your goals. So, which is the best platform to invest in SIP? The honest answer is it depends on YOU. The platform that works best for someone else may not be ideal for your needs. Take your time, explore the options, and choose the one that gives you confidence and clarity in your investment journey.
Frequently Asked Questions (FAQs)
1. What is the best SIP platform for beginners?
Groww and ET Money are great choices for beginners due to their simple interfaces and educational content.
2. Is it safe to invest in SIPs through apps?
Yes, all the apps listed here are regulated and secure. They partner with SEBI-registered AMCs and RTAs.
3. Can I switch SIPs between platforms?
Yes, but it involves stopping the SIP in one platform and restarting it in another. Some platforms make this easier with portfolio import tools.
4. Which app is the best platform for SIP if I already use Zerodha?
Zerodha Coin is a seamless and integrated choice.
5. What is the minimum amount to start a SIP on these platforms?
Most platforms let you start SIPs with as little as ₹100 per month.
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