Investing in mutual funds was never easier with some high-quality apps that allow investors to carry out financial planning at their fingertips. Depending on an investor’s financial needs, he/she would want to invest in different mutual fund schemes. This requires the right app that is safe, easy to use, and cost-effective. With so many applications available to download these days, finding the right app for investing in mutual funds may be tough.
Let’s explore the best app for mutual fund that you can explore to begin your investment journey.
Best Apps to Invest in Mutual Funds
If you’re an Indian investor looking to explore mutual fund investments, there are several user-friendly mobile apps available in the market. These apps provide a convenient platform for managing your investments and offer a range of features to help you make informed decisions. Some key features to look for in these apps include:
User interface:
Look for apps that have an intuitive and easy-to-navigate interface, making it simple for you to browse through different funds and make investments.
Investment options:
Ensure that the app offers a wide range of mutual fund options across different asset classes and investment strategies. This will give you the flexibility to choose funds that align with your investment goals and risk appetite.
Research and analysis:
Look for apps that provide comprehensive research and analysis tools. These features can help you evaluate funds based on their past performance, risk parameters, and other key metrics.
Tracking and portfolio management:
The app should provide real-time tracking of your investments, allowing you to monitor your portfolio’s performance and make adjustments as needed. Ideally, it should also offer features like goal-based investing and portfolio rebalancing.
Convenience and security:
Look for apps that offer seamless account opening and KYC processes. Additionally, ensure that the app follows strict security protocols to protect your personal and financial information.
Fisdom App – Best Mutual Fund App
One of the best mutual fund app is Fisdom app, which is an ideal mutual fund investment platform in India. Especially for those investors who are new to mutual funds, the app can make the investment process exceptionally simple. Users can also go through some value-based features like ‘risk profiler’ and ‘financial health check’ to ensure that they make the right choice of mutual funds.
Apart from mutual funds, the Fisdom app also allows investors to explore the stock market with a highly competitive brokerage structure and zero enrollment charges.
Fisdom app enjoys:
- Android rating – 4.7/5
- App downloads – 10lakh+
Features of Fisdom app
Here are some of the top features of this app:
- Tailor-made fund recommendations as per individual’s investment capacity, investment horizon, and risk profile
- Wide range of funds
- Convenient single-view dashboard for easy tracking of investments
- Ability to import external mutual fund transactions
- Free access to advanced research reports
- Smooth e-KYC
- Secure transactions
Other mutual fund apps in India
Some of the other high-quality mutual fund apps in India are:
- Zerodha
Zerodha’s Coin is a well-established mutual fund investment app. This is a simple app that allows investors to make mutual fund investments. To use the app, one must have a Zerodha account. The application allows users to invest in mutual funds via Systematic Investment Plans or lump sum.
- Groww
Groww is also one of the mutual fund apps preferred by new investors. This app has basic user-friendly features that allow users to pick their investment choice as per their financial planning needs. With a single dashboard for tracking all investments, users can enjoy convenience while using this app.
- Paytm Money
Paytm is a popular app used by many for day-to-day financial transactions and shopping needs. Paytm has introduced its investment-specific app called Paytm Money which allows users access to various mutual fund schemes and to create a personal financial portfolio.
- ET Money App
This app is among the top-rated mutual fund apps. It is suitable for both new investors and also experienced investors. The app also contains some insightful posts for investors to enhance their investment decisions. The app offers personalised investment roadmaps to cater to individual financial goals.
- Kuvera
Kuvera mutual fund investment app comes with a goal-based investment feature. Through its recommendations, it caters to various financial goals of investors such as tax saving, wealth creation, financial stability, etc. The app’s single-view dashboard lets investors easily track their investments at any time and from anywhere.
Factors to consider when choosing a mutual fund app
Conclusion
With rapidly transforming technology and user needs, different mutual fund apps are offering unique personalized features to attract a wider user base. Mutual fund investments have become a cakewalk with apps like Fisdom. While selecting the best app to invest in mutual funds, users must ensure to check transaction safety apart from ease of usage.
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FAQs
Certain reputed mutual fund apps like Fisdom are legal since they are authorised to offer mutual fund investment services. It is important for users to check the mutual fund app’s license to ensure the legality of transactions.
Fisdom app offers zero account opening charges for mutual fund investments.
SIP investment mode is ideal for those who want to stagger their mutual fund investment without causing a financial burden. Investors who have excess cash can invest in mutual funds via the lump sum route.
You must conduct some basic due diligence about different mutual fund apps before short-listing and narrowing down the safest choice and see if the app has AMFI ARN Code and is registered with relevant regulators.
Since linking of bank account is mandatory for starting a mutual fund investment, one must check the authenticity of the investment platform before proceeding.
