Every investor or beginner wants to invest in mutual funds but does not have the necessary prior knowledge which can act as a guidebook for them. This is why stockbrokers exist, who are there to help an investor with all their queries and also help them prepare a portfolio.
However, many investors don’t wish to invest the majority of their earnings to a broker for mutual funds or any other form of investment in the market.
Apart from this, there is also the heavy paperwork that comes with any investment plan; the paperwork which consists of the summary of one’s every past and present investment.
So, how can a person who doesn’t know much about investing and isn’t willing to go to a broker get through with investing in mutual funds? Or, how can a person who doesn’t want to get involved in any heavy paperwork invest in mutual funds? 5 Best Investment App in India
Well, there are certain popular mobile trading apps that help you avail of all these services and facilities in one place, according to your preference.
5 Best Investment App in India:
- 1. Groww
- 2. Zerodha Coin
- 3. Paytmmoney
- 4. Upstox
- 5. ET Money Mutual Fund App
Groww app is one of the fastest-growing best investment app in india in the Indian mutual fund industry. And the credit goes to its clean user-interface. This app helps in investing in mutual funds free of cost and is pretty simple to use with minimum paperwork and no hassles. All mutual funds information are available in just one investment app. Similar to the apps listed above in this article, Groww app also allows everyone to invest in direct mutual funds with zero commission and offers an additional saving up to 1.5%+ compared to regular plans.
Key features include:
- Simple design, built with beginners and experts in mind
- Dashboard to track all your investments, annualized returns, and total returns
- Top mutual funds list for different categories with the latest finance news and insights
- Total Downloads: +10 Million
- Rating on Google Play store: 4.6 out of 5 with a total of 2,28,801 ratings.
People Are Investing In Mutual Funds Via Groww App, Paytm Money Etc. What Will Happen If These Apps Stop Working?
2. Zerodha Coin
As per my opinion, Zerodha coin is one of the best investment app in india to invest in direct mutual funds. They offer investment services in over 3,000 commission-free direct mutual funds across 34 fund houses. This can help in saving up to 1-1.5% more per annum compared to regular mutual funds. With over 1,50,000 investors who have invested over 2500 crores and collectively saved 30+ crores in commissions, Zerodha Coin has already built a big brand and customer base.
Key features of the app include:
- Search, filter, and buy from over 3,000 commission-free direct mutual funds across 34 AMC’s.
- A single capital gain statement, P&L visualizations, and Annualized (XIRR) and absolute returns.
- Mutual funds are held in Demat form, and thus easier to pledge as collateral for loan against securities.
- Total Downloads: +500,000
- Rating on Google Play store: 4.5 out of 5 with a total of 11,261 ratings.
Paytm Money, best investment app in india offered by the Paytm group, is turning out to be one of the most trusted platforms in India which provide up to 1% higher returns by investing in Direct Plans of Mutual Fund Schemes with no commissions or any charges on buying and selling of direct mutual fund plans.
It offers many features to the customer which includes fully Transparent Tracking, Data Privacy & Protection, Switch from Regular to Direct Plans, Track, Manage & Automate SIP Investments, etc.
- Total Downloads: +5 Million
- Rating on Google Play store: 4.2 out of 5 with a total of 82,194 ratings.
Paytm Money introduces Future and Options trading
UpStox best investment app in india Pro helps you trade-in shares, equity derivatives and currency F&O. You can directly trade from charts using “Trade from charts” (TFC) facility.
Upstox trading app brings in advance charts of multiple intervals, types and drawing styles where you can apply 100+ technical indicators in real-time.
The app has a clean, clutter-free and intuitive look.
Additionally, you access predefined watchlist, create a customized watchlist, receive real-time market feeds and set an unlimited number of price alerts.
For better visibility the app lets you switch between day and night modes. The Upstox Pro mobile trading app is free to download.
UpStox charges Rs. 0 on delivery and Rs. 20 per transaction on intraday and F&O trades. The account opening is paperless and you can use the app instantly.
5. ET Money Mutual Fund App
ETMONEY best investment app in india was founded by a group of passionate Entrepreneurs, IITians and Designers with deep expertise in technology, mobile & financial services. Associated with a big brand of Economic times, this Mutual Fund app is a one-stop destination for all things investment which helps to track & manage expenses using expense manager, Invest in Mutual Funds through SIP or Lumpsum, Save tax with SIPs in ELSS mutual funds, etc.
Total Downloads: +5 Million
Rating on Google Play store: 4.5 out of 5 with a total of 1,13,199 ratings.