FY2025 was a good year for mutual funds in India – nearly 1 crore new investors came on board! That’s a 22% increase and the biggest increase since the boom in FY2021, and it is fair to say, mutual funds are gaining traction.
In today’s fast-moving financial world, investing in mutual funds is easier than ever because of technology. You can simply open your smartphone to not only invest but also manage your portfolio anytime and anywhere. Thus, it becomes crucial to settle on a mutual fund investment app to help you maximise your investment returns. That’s where we come in.
In this post, we will present the 7 best app for mutual funds because they are exceptional. These essential applications will streamline your investing experience, provide tools and insights to help you make smart decisions as you progress in your investing career. Whether you are an experienced investor or just starting, this mutual fund investment app will help you become empowered to take control of your finances for your future. So let’s find out how these amazing platforms can enhance your investment experience and ultimately maximise your investment returns.
Importance of Choosing the Right Investment App
When investing through mutual funds, choosing a mutual fund investment app is of utmost importance. With the number of apps available, you want to ensure you pick an app that allows you to tap into your investment goals and preferences and get the most out of it. A well-chosen app should provide you with any tools you might need to manage your portfolio effectively, information to help you make informed decisions, and a streamlined investment process.
Successfully choosing the best apps to invest in mutual funds can set you up for success or make investment decisions, frustrating while you are constantly worried about performance issues and a lack of support.
In addition, it should serve both newbies and experienced investors. From the beginner’s perspective, an investment app should have a user interface that takes away the confusion and complexity of mutual funds. For the beginners, it should be straightforward to use and simple to navigate. From the experienced investor’s perspective, a mutual fund investment app should offer advanced features and analytics to examine potential portfolios. The app should ultimately place the investor on the bridge of the financial markets with the necessary pathways to facilitate the investor to make smart choices.
Criteria for Evaluating Mutual Fund Investment Apps
When assessing mutual fund investment app, you should consider the following criteria to help you choose the best tool for you.
Ease of use
An application with a well-designed and intuitive interface allows for a smoother and more pleasant investment experience. You will be able to navigate through the screens without any problems, find what you need with simple instructions for accessing features, and clearly defined paths. This is especially worth noting if you are not the most tech-savvy person looking to use technology with your investment activities.
Features and Functionalities
Functionality is important. The best app for mutual funds should provide you with the tools for portfolio management, tracking performance, setting up investment goals, and getting alerts. The investment app should also provide high-quality reports and analytics to help you characterise your investments. Automated investing, customised recommendations, and a diverse range of mutual funds are great features to improve your investing experience.
Customer Support and Service Quality
A money management app should provide dependable customer support to help users navigate issues or questions they have. This involves more than just having multiple contact options (e.g. chat, email and phone) The support must be reliable and the support team must know what they are talking about and respond quickly, and the customer service experience can be significantly valuable, especially if financial matters are involved.
Taking an example of a lump sum investment of ₹1,00,000 in a mutual fund with a Compounded Annual Growth Rate (CAGR) of 8% to 10%.
So, depending on how long you stay invested:
- At 8% CAGR for 20 years, your ₹1,00,000 becomes ₹4.66 lakhs
- At 10% CAGR for 20 years, it becomes ₹6.73 lakhs
Also Read: Benefits of SIP Investment
Overview of the Top 7 Mutual Fund Investment Apps
In the sea of the best app for mutual funds, 7 apps are considered best-in-class based on their great capabilities and ease of use. These apps were chosen based on usability, capabilities, security, and customer service. These apps can fit a wide audience of investors, from beginners to the experienced professional and provide tools that will help to maximise investment returns.
1. Groww – Best for Beginners
Groww has become one of the best apps to invest in mutual funds, especially for beginners. Its minimal and uncomplicated interface helps make investing feel almost as easy as purchasing items online.
Key benefits of Groww:
- User-friendly design, especially for inexperienced investors, makes it ideal for beginners.
- Fast and paperless KYC and account opening.
- Diversified fund availability.
- No commission on direct mutual funds.
- Offers research-oriented insights and beginner information.
- Easily discover funds using the risk profile and returns criteria.
Groww is consistently rated as the best app for mutual fund investing by first-time investors. If you’re new to investing, Groww is the best apps to invest in mutual funds without the hassle of a more complex platform.
2. ET Money – Smart Tracking and Automation
ET Money, brought to you by the Economic Times group, is ideal for users seeking intelligent tools for budgeting, tracking, and investments.
Key Benefits of ET Money:
- Self-expense tracking & suggested investment tailored to your portfolio.
- No commission cost for direct mutual fund investments.
- Smart portfolio insight with performance tracking in real-time.
- Different fund options and tools to check your portfolio.
- End-to-end insurance & loans management.
- Tax-saving tips via ELSS recommendations.
If you are looking for a fully comprehensive mutual fund investment app, then ET Money is a great option for investors who want to be automated and analytics-driven.
3. Zerodha Coin – For DIY Investors
Zerodha Coin is Zerodha’s mutual fund offering, and Zerodha remains India’s biggest stockbroker. The app has been built for existing investors who understand that they want a little more control over their transactions.
Key Benefits of Zerodha Coin:
- You can invest in direct mutual funds through the Zerodha Demat account.
- Zero commissions, zero fees.
- Linked to the same credentials as Zerodha Kite (stock and orders).
- Fully integrated with Coin web dashboard and Coin App.
- Flexibility to cancel your SIP online at any time.
- Generates advanced reports, assessments, and tax documents.
If you’re an investor or trader who is doing everything yourself (DIY), Zerodha Coin is probably the best app for mutual funds, in terms of low cost.
4. Paytm Money – Affordable and Accessible
Financed by the reputable Paytm brand, Paytm Money provides an easy-to-use platform for investing in mutual funds, stocks, NPS, and even digital gold.
Key Benefits of Paytm Money:
- Invest through direct plans of mutual funds.
- Minimum investments are low, starting from ₹100.
- Automated SIP tracking to manage and track your SIP.
- Get free investment advice if you’re a beginner.
- Open an account with KYC, all digitally, within minutes.
Paytm Money is often referred to as the best app to invest in mutual funds for budget-savvy users and is popular with younger generations.
5. 5Paisa – All-in-One Investment App
5Paisa is a full-service mutual fund investment app that offers mutual funds, stocks, insurance, and more, all in one place.
Key Benefits of 5Paisa:
- Direct mutual fund offering with no commission.
- Robo-advisory services for portfolio construction.
- Investment via SIP and lump sum.
- Research and stock screening tools, as well as tracking wealth.
- Competitive brokerage plans for active traders.
If your aim is one app to manage multiple investment products 5Paisa is a full featured mutual fund investment app to consider.
6. INDMoney – Wealth Management Simplified
INDMoney describes itself as a wealth-tech app that seeks to provide a whole financial wellness platform. INDMoney is not just a mutual fund app, it is an overall financial dashboard for all of your assets.
Key Benefits of INDMoney:
- Invest in direct mutual funds, U.S. stocks, bonds, and fixed deposits.
- Automatically track all of your mutual funds, credit cards, and more.
- Combine family accounts to manage finances together.
- Get AI-based financial health recommendations and optimise portfolio performance.
- Get a specific section just for tax-saving investments and goals.
Overall, INDMoney provides a standout experience for members wanting to track and invest across multiple asset classes. There is no doubt that it is a strong option for the best app for mutual funds investing in mutual funds for a new-age wealth manager.
7. Angel One – Legacy Meets Innovation
Angel One, formerly Angel Broking, is now a tech-powered investment platform that aims to incorporate as much usability and innovation as possible.
Key Benefits of Angel One:
- Invest directly into mutual funds with zero commissions.
- Advisory and portfolio rebalance tools built in.
- User-friendly interface offering a modern UI/UX.
- Invest in Stocks, commodities, and multiple asset classes.
- Smart recommendations for SIPs, based purely on your risk profile.
Angel One’s comprehensive features and digital-first approach provide users with a dependable mutual fund investment application that offers both simplicity and diversification.
Also Read: Best Mutual Fund for Long Term
7 Key Features to Look for in Investment Apps
There are several important features to consider when choosing a mutual fund investment app.
- A portfolio management tool is important. A best app for mutual funds should have solid functionality for tracking performance, setting goals for your investment, and sending you timely alerts.
- Personalised recommendations and advice are also helpful features. An app is much better when it offers personalised investing advice based on a person’s unique financial situation and goals.
- Security is very important. An investment app should strong security features in place to protect user data and transactions. This includes ensuring the app is encrypted, employing multi-factor authentication, and periodically updating the app from a security standpoint.
- Fees are important to consider when choosing a mutual fund investment app. Apps have different fee structures, and it’s useful to know exactly what that means in potential costs to you.
- You should also make sure to compare fee structures between different apps, so you have an accurate understanding of the total cost of using each app. Fees may be monthly or annually, as well as transactional. Also, many investment apps charge for premium features/services, so be sure to include those comparison in your use of fees amongst apps.
- User experience and customer support are essential features of any mutual fund investment application. A great user experience is provided through a well-designed interface that is seamless and intuitive for users, taking only a few taps to get to the features that the user desires.
- Customer support is just as important. The best app for mutual funds must also provide reliable customer support for users who experience issues and for users who have questions. This means support should be provided across multiple channels: chat, email, and phone, and the support specialists should try to be competent and responsive.
Also Read: Start SIP Online
Conclusion
Choosing the appropriate mutual fund investment app is paramount to maximising your returns and improving your investment experience. Each app has different features and capabilities aimed at making the investment process smoother, gathering key insights, and facilitating better decision-making. When deciding on the best app for mutual funds, look for ease of use, functionality, security, and responsiveness. The right investment app can change your investment experience and help you take charge of your financial future.
Whether you are experienced or new to investing, the value you gain from these apps will serve you as you grow your wealth and make better financial decisions. Choose the best apps to invest in mutual funds that you feel meet your goals and preferences, and get ready to leverage these must-have tools for better returns.