Finance

Published on March 2nd, 2020 | by Manish Gehlot

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What is the safe app to invest in mutual funds in India?

It is a widely observed fact that investing in mutual funds is one of the best ways to grow your money in the long term. Mutual funds are flexible in nature and this is the reason that they are garnering an increasing amount of popularity nowadays. With mutual funds, you can even invest INR 500 in a month. Due to the increasing popularity of mutual fund schemes, many mutual funds houses are launching apps to make it easy for investors to keep a track of their portfolios. Whether you are interested in investing in regular mutual funds or direct mutual funds, you can find an array of mobile apps these days.

These applications provide you with the benefit of selling and buying right at your fingertips. So let’s explore the best online investment apps by emphasizing their various aspects.

KFinKart

If you are a new investor in the realm of mutual funds, then this app is a must-have in your smartphone. The main objective of this application is to simplify the journey of the customer in the niche of mutual funds. KFinKart is a one-touch login application. Hence you shouldn’t worry about logging in every time with your credentials. This app comprises a single-view interface which makes viewing your investments an easy affair. You can implement decisions and transact instantly with the help of this mutual fund investment app. With the help of this intuitive app, you can also track the portfolios of your family across the AMC and invest in NFOs too.

ETMONEY Mutual Fund Application

Well the inception of ETMONEY is quite interesting. ETMONEY was founded by a group of passionate IITians and Engineers who wanted to make the life of investors easy. As the name suggests, this application is associated with the Economic Times. To be precise, the ETMONEY is a one-stop destination for several types of investments. This can help to track and manage types of expenses with the help of the expense manager. This app enjoys a rating of 4.7 in the Google Play Store which speaks volumes about its user-friendly interface.

MyCAMS Mutual Fund App

The MyCAMS mutual fund application is one of the most practical applications you can ever find in the realm of mutual funds. It is one of those mutual fund apps which facilitate faster and smarter ways to invest in varied types of mutual funds. While investing in the best mutual funds, you should opt for an application which can make your life easier. This is where myCAMS comes to the forefront. Managing your portfolio is a simple affair with this application. You can view your MF portfolio, open new folios, redeem and purchase. With the help of this interactive mobile application, you can also schedule your transactions. It enjoys a rating of 4.4 in the Google Play Store.

Groww Mutual Funds App

To be precise, the Groww Mutual Fund application is one of the most rapidly growing apps in the Indian mutual funds industry. It is one of those mutual funds apps which have a clean UI. As an investor you can invest in mutual funds free of cost. It is pretty simple to use and requires minimal paperwork. If you have investments in several mutual funds, the Groww app is your ideal choice. You can access all mutual fund information and their portfolios in the Groww App. You can also invest in direct mutual funds with zero commissions. It comes with an interactive dashboard with the help of which you can track all your investments. It also provides you with real-time insights and the latest finance news.

Paytm Money App

Well, nowadays, Paytm is a familiar name in the realm of online wallets. Interestingly, Paytm has also launched the Paytm Money app which is turning out to be one of the most trusted platforms in India. By using this application, you can avail up to 1% higher returns by investing in mutual fund schemes as well as direct plans. The Paytm money app provides various top-notch features to investors which comprises transparent tracking along with data privacy and protection. With the help of this app, you can switch to direct plans from regular plans. You can also manage and automate your SIP investments. It enjoys a rating of 4.3 in the Google Play Store.

Zerodha Coin

If you are investing in direct mutual funds, there is no other better application than the Zerodha Coin. This app provides you with more than 3000 commission free direct mutual funds India. This application has already carved a niche for itself in the realm of mutual fund investments. More than 1, 50,000 investors have invested over 3000 crores with the help of this application. There are various interesting features of this application which makes it stand out from the crowd. You can avail of a single capital gains statement along with a comprehensive report on absolute returns. On the other hand, you can search and buy by applying various types of filters across 34 MNCs. When you are using this application, you would find that the Mutual Funds are usually held in the Demat form. Hence they are easier to pledge as mortgages for loans against securities. It enjoys a rating of 3.9 in the Google Play Store.

It is also important for you to know various aspects of the best SIP Plans. In a direct plan, you have the liberty to invest directly in an AMC at a low cost. Note that while investing, it is important for you to keep in mind that direct plans are way more affordable than regular plans. It is because with a direct plan, you would be saving costs as there are no commissions involved. However, during long term investments, these variances result in significant amounts.

Thus it can be said without a doubt that as an investor you should always consider investing in direct mutual funds. Let’s hope that the above-mentioned mobile apps will help you invest in a mutual fund in the most profitable manner.

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I am a privacy, security, encryption and software freedom enthusiast. I am into VPNs, TLS security. Recently I also got into technical writings. I am working as a VPN support and consultant at some nordic VPN providers.



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