In today’s digital age, investing in mutual funds has become more accessible than ever, thanks to the proliferation of investment apps. These apps not only provide a platform for seamless investment but also offer a range of features to simplify the investment process. Here are the top 10 best mutual fund apps in India for 2024, as per various sources:
10 Best Mutual Fund Apps In India In 2024
Mutual Funds is a long-term investment and therefore it is very important to choose best Mutual Fund Apps for making the SIP in Mutual Funds:
Groww
Renowned for its user-friendly interface and SIP calculator, Groww makes investing in mutual funds hassle-free. Whether you’re a beginner or an experienced investor, Groww offers a smooth experience backed by robust tools.
Groww, a leading mutual fund app in India, stands out for its user-friendly interface and diverse funding options. Here’s a breakdown of its processing fees, coverage, and specifications:
- Processing Fees:
- Opening Account: INR 200 + GST
- Annual Fee: INR 100 + GST
- Transaction Charge: Ranges from INR 10 to 0.05% of the transaction value.
- Coverage:
- Groww allows investors to choose between regular and direct mutual funds, catering to diverse investment preferences.
- Detailed information on different mutual funds is provided, empowering investors to make informed decisions.
- Specifications:
- User Rating: Groww boasts an impressive user rating of 4.4/5, reflecting high satisfaction among its users.
- Processing Fee: Contrary to some sources, Groww does have a processing fee for opening an account.
- Features: The app offers a SIP calculator and portfolio tracker, enhancing the investing experience for users.
In summary, Groww emerges as a top choice for mutual fund investing in India, offering a seamless platform with transparent processing fees, extensive coverage, and valuable features to empower investors in achieving their financial goals.
ETMONEY Mutual Fund App
With its focus on goal-based investing and a user-friendly interface, ETMONEY helps investors align their investments with their financial objectives. The app’s intuitive design further enhances the investing experience.
Here’s a breakdown of the processing fees, coverage, and specifications of the ETMONEY Mutual Fund App in India:
- Processing Fees:
- Opening Account: INR 200 + GST
- Annual Fee: INR 100 + GST
- Transaction Charge: Ranges from a minimum of INR 10 to 0.05% of the transaction value.
- Coverage:
- ETMONEY offers goal-based investing, allowing investors to align their investments with their financial objectives.
- The app provides a user-friendly interface, making it accessible and convenient for investors of all levels of expertise.
- Specifications:
- Cost-Effective: With transparent processing fees and transaction charges, ETMONEY offers a cost-effective solution for mutual fund investing.
- Convenience: The app’s user-friendly interface simplifies the investment process, ensuring a seamless experience for users.
In summary, the ETMONEY Mutual Fund App in India stands out for its transparency, convenience, and cost-effectiveness, offering investors a reliable platform to pursue their investment goals with confidence.
myCAMS Mutual Fund App
Offering a comprehensive portfolio tracker and essential features in a user-friendly interface, myCAMS is a trusted choice for mutual fund investors. Its simplicity and reliability make it a preferred platform for many.
Here’s a breakdown of the processing fees, coverage, and specifications of the myCAMS Mutual Fund App in India:
- Processing Fees:
- Opening Account: INR 200 + GST
- Annual Fee: INR 100 + GST
- Transaction Charge: Ranges from a minimum of INR 10 to 0.05% of the transaction value.
- Coverage:
- myCAMS focuses on direct mutual funds, which typically offer lower expense ratios and higher returns compared to regular mutual funds.
- The app boasts a user-friendly interface, enhancing the investing experience for users of all levels.
- Specifications:
- Integration: myCAMS integrates with Zerodha Kite, allowing investors to seamlessly trade in stocks, ETFs, and more, providing a comprehensive investment solution.
- Transparency: With transparent processing fees and transaction charges, myCAMS ensures clarity and reliability for investors.
In summary, the myCAMS Mutual Fund App in India offers a seamless platform for managing investments, characterized by transparency, integration, and user-friendliness, empowering investors to make informed decisions and achieve their financial goals effectively.
KFinKart
Known for offering various tax-saving investment options and a wide range of products, KFinKart caters to investors with diverse needs. Its user-friendly interface simplifies the investment process, making it accessible to all.
Here’s a breakdown of the processing fees, coverage, and specifications of the KFinKart Mutual Fund App in India:
- Processing Fees:
- Opening Account: INR 200 + GST
- Annual Fee: INR 100 + GST
- Transaction Charge: Ranges from a minimum of INR 10 to 0.05% of the transaction value.
- Coverage:
- KFinKart offers extensive mutual fund options, providing investors with a diverse range of investment opportunities to suit their financial goals.
- The app is known for its seamless online transactions, ensuring a smooth and hassle-free investing experience for users.
- Specifications:
- Cost-Effectiveness: KFinKart does not charge any commission fee on mutual fund investments, making it a cost-effective option for investors looking to maximize returns.
- Security: With top-notch security measures in place, KFinKart prioritizes the safety and privacy of investors’ financial information.
- User-Friendly Interface: The app provides a fast and responsive platform with a user-friendly interface, enabling investors to manage their mutual fund portfolios effortlessly.
In summary, KFinKart Mutual Fund App stands out for its seamless management, cost-effectiveness, and user-friendly interface, offering investors a reliable platform to achieve their financial objectives with confidence.
Zerodha Coin
Renowned for its user-friendly interface and easy-to-use portfolio management features, Zerodha Coin is a popular choice among investors. The app’s seamless functionality makes it a go-to platform for mutual fund investments.
Here’s a breakdown of the processing fees, coverage, and specifications of the Zerodha Coin Mutual Fund App in India:
- Processing Fees:
- Opening Account: INR 200 + GST
- Annual Fee: INR 50 + GST
- Coverage:
- Zerodha Coin offers commission-free direct mutual fund schemes across 40 fund houses, providing investors with a wide range of investment options.
- The app does not charge any commission fee on mutual fund investments, including ETFs and mutual fund NFOs, making it a cost-effective choice for investors.
- Specifications:
- Zero Charges: According to recent updates, all investments on Zerodha Coin are absolutely free, with no subscription charges whatsoever, ensuring maximum returns for investors.
- User-Friendly Interface: Zerodha Coin boasts a user-friendly interface, making it easy for investors to navigate and manage their portfolios effectively.
- Portfolio Management Features: The app offers easy-to-use portfolio management features, including a single capital gain statement, P&L visualizations, and more, providing investors with valuable insights into their investments.
In summary, Zerodha Coin Mutual Fund App stands out for its revolutionary approach to investing, offering zero commission fees, extensive coverage, and advanced features to empower investors in achieving their financial goals efficiently.
Paytm Money
With its diverse fund options and user-friendly interface, Paytm Money empowers investors to make informed decisions. The app’s intuitive design and comprehensive features make investing a breeze.
Here’s a breakdown of the processing fees, coverage, and specifications of the Paytm Money Mutual Fund App in India:
- Processing Fees:
- Account Opening Charges: INR 200 with zero maintenance charges
- No charges for investing or redeeming mutual funds
- No charges for mandate registrations or fund transfers via Mandate
- Coverage:
- Paytm Money offers free mutual fund investments, providing investors with a cost-effective solution to grow their wealth.
- The app ensures convenience by charging no fees for mandate registrations or fund transfers via Mandate, streamlining the investment process for users.
- Specifications:
- Competitive Charges: Paytm Money offers competitive charges for trading, including free Equity Delivery trading, enabling investors to optimize their investment strategy cost-effectively.
- Auto-Pay Feature: The app allows investors to set up Auto-Pay, facilitating automated SIP payments by creating a Mandate with the verified bank, enhancing convenience and consistency in investing.
- Brokerage Fee Waiver: Paytm Money charges no brokerage fee for the first 15 days for all Equity Delivery, Intraday, Futures & Options orders, providing investors with an incentive to explore the platform without incurring additional costs.
In summary, Paytm Money Mutual Fund App stands out for its commitment to offering zero charges, convenient features, and competitive pricing, empowering investors to build their wealth efficiently and seamlessly.
INDmoney Stocks & Mutual Fund
Offering comprehensive research and analysis tools along with a user-friendly interface, INDmoney caters to investors looking for in-depth insights. Its robust features help investors stay informed and make smarter investment choices.
Here’s a breakdown of the processing fees, coverage, and specifications of the INDmoney Mutual Fund App in India:
- Processing Fees:
- Opening Account: INR 200 + GST
- Annual Fee: INR 100 + GST
- Transaction Charge: Ranges from a minimum of INR 10 to 0.05% of the transaction value
- Coverage:
- INDmoney offers a seamless experience for investors, allowing them to invest in Indian Stocks, US Stocks, Direct Mutual Funds, and Fixed Deposits, providing a diverse range of investment options to suit different preferences.
- The app caters to the needs of investors by providing a fast and responsive platform, ensuring a smooth investing experience.
- Specifications:
- Zero Commission Fees: INDmoney does not charge any commission fees for investing in mutual funds, allowing investors to maximize their returns without incurring additional costs.
- Security: With top-notch security measures in place, INDmoney prioritizes the safety and privacy of investors’ financial information, ensuring peace of mind while investing.
- Extensive Mutual Fund Options: The app offers extensive mutual fund options, enabling investors to build a diversified portfolio tailored to their financial goals and risk tolerance.
In summary, the INDmoney Mutual Fund App stands out for its commitment to providing a zero-commission platform with diverse investment options, fast and responsive features, and robust security measures, empowering investors to make informed decisions and achieve their financial objectives with confidence.
Upstox
Known for its user-friendly interface and fast, responsive mutual fund tracking app, Upstox simplifies the investment process for users. Its intuitive design and seamless functionality make investing effortless.
Here’s a breakdown of the processing fees, coverage, and specifications of the Upstox Mutual Fund App in India:
- Processing Fees:
- Opening Account: INR 200 + GST
- Annual Fee: INR 100 + GST
- Transaction Charge: Ranges from a minimum of INR 10 to 0.05% of the transaction value
- Coverage:
- Upstox offers a user-friendly platform that caters to a variety of investment plans, including stocks, mutual funds, and ETFs, providing investors with diverse options to meet their financial goals.
- The app provides a seamless experience for investors, ensuring ease of use and accessibility.
- Specifications:
- Advanced Features: Upstox offers a variety of advanced features, such as a mutual fund screener, a risk calculator, and comprehensive information about mutual funds, enhancing the investing experience for users.
- Cost-Effectiveness: Upstox does not charge any commission fee on investments in mutual funds, making it a cost-effective option for investors to grow their wealth.
In summary, the Upstox Mutual Fund App stands out for its user-friendly interface, diverse investment options, advanced features, and cost-effectiveness, providing investors with the tools and resources necessary to achieve their financial objectives with confidence.
5Paisa
With its beginner-friendly mutual fund research app and positive user ratings, 5Paisa is a preferred choice for many investors. The app’s portfolio tracker and fund analysis features further enhance the investing experience.
Here’s a breakdown of the processing fees, coverage, and specifications of the 5Paisa Mutual Fund App in India:
- Processing Fees:
- Flat Fee: 5Paisa charges a flat fee of INR 10 per trade for mutual funds, offering a cost-effective solution for investors.
- Coverage:
- Holistic Investment Approach: The app provides a comprehensive choice for investors seeking a holistic investment approach, combining direct stock investments and mutual funds, catering to diverse investment preferences.
- User-Friendly Interface: 5Paisa offers a seamless experience for investors with its user-friendly interface, ensuring ease of use and accessibility.
- Specifications:
- Accommodating Various Account Holders: 5Paisa accommodates various account holders, including individuals, corporates, partnership firms, trusts, Hindu Undivided Families (HUF), and Limited Liability Partnerships (LLP), providing flexibility and accessibility for a wide range of investors.
- Low-Cost Financial Services: The app is known for its low-cost financial services, offering online trading, mutual funds, and insurance at competitive brokerage rates, enabling investors to optimize their investment strategy cost-effectively.
In summary, the 5Paisa Mutual Fund App stands out for its competitive pricing, holistic approach to investing, user-friendly interface, and low-cost financial services, providing investors with the tools and resources necessary to achieve their financial goals efficiently.
Also Read: Top 10 Mutual Funds To Invest In 2024
Axis Mutual Fund
Offering various tax-saving investment options and a wide range of products, Axis Mutual Fund caters to investors with diverse financial goals. Its user-friendly interface and comprehensive features make investing simple and convenient.
Here’s a breakdown of the processing fees, coverage, and specifications of the Axis Mutual Fund App in India:
- Processing Fees:
- Opening Account: INR 200 + GST
- Annual Fee: INR 100 + GST
- Transaction Charge: Ranges from a minimum of INR 10 to 0.05% of the transaction value
- Coverage:
- Axis Mutual Fund App offers a range of mutual fund schemes, including equity, debt, hybrid, and solution-oriented funds, catering to the diverse needs of investors.
- The app provides a seamless experience for investors with its user-friendly interface, ensuring ease of use and accessibility.
- Specifications:
- Zero Charges for Mutual Fund Investments: According to available information, there are no charges for mutual fund investments on the Axis Mutual Fund App, enabling investors to maximize their returns without incurring additional costs.
- Advanced Features: The app offers a variety of advanced features, such as a mutual fund screener, a risk calculator, and comprehensive information about mutual funds, enhancing the investing experience for users.
In summary, the Axis Mutual Fund App stands out for its zero charges for mutual fund investments, comprehensive coverage of mutual fund schemes, user-friendly interface, and advanced features, providing investors with a robust platform to achieve their financial goals efficiently and effectively.
Conclusion
In conclusion, these top 10 best mutual fund apps in India for 2024 offer a range of features and benefits to suit the needs of various investors. Whether you’re a novice or an experienced investor, these apps provide the tools and resources necessary to make informed investment decisions and achieve your financial goals.