Investing in mutual funds is so easy these days by using mutual funds apps. We have listed the top mutual funds apps in India with their ratings and detailed review. Let’s explore them and find out the best mutual funds app in India that is most suitable for your investment.
There are different types of mutual funds, like equity or growth funds, debt mutual funds, liquid funds, hybrid funds, and more. You can invest in any mutual fund of your choice by using the best app for mutual funds.
Since mutual funds investment is quite affordable, as people can start investing with an amount as little as just Rs 100, your mutual funds app should reflect the same level of affordability. This can be done by presenting a wide assortment of mutual fund schemes to investors, who can then decide where to invest.
Top 10 Mutual Funds Apps in India
| Rank | Mutual Funds App | Charges | Ratings |
|---|---|---|---|
| 1 | Coin App By Zerodha | Free | 5/5 |
| 2 | Paytm Money App | Free | 5/5 |
| 3 | Groww App | Free | 5/5 |
| 4 | ICICI Direct All-in-1 App | Free | 5/5 |
| 5 | ET Money App | Free | 4.8/5 |
| 6 | Kuvera App | Zero | 4.7/5 |
| 7 | CAMS App | “0” for direct plan | 4.5/5 |
| 8 | PaisaBazaar App | 1% on Exit load | 4.5/5 |
| 9 | Piggy App | Free | 4/5 |
| 10 | CashRich App | Zero | 4/5 |
List of Best Mutual Funds App in India
- Zerodha Coin
- Paytm Money
- Groww
- ICICI Direct
- ET Money
- Kuvera
- CAMS
- PaisaBazaar
- Piggy App
- CashRich App
Zerodha Coin
Coin App by Zerodha emerges as the top mutual fund app for a majority of investors. Its high level of ease and functionality make it the first and foremost choice for people looking to invest in mutual funds on their own. Since it is backed by none other than Zerodha, one of the best SIP apps in India, you can rest assured that it has a high level of commitment and is user-centric.
The Coin by Zerodha app lets investors invest in the best mutual fund schemes of nearly 40 fund houses, and that too without any kind of commission. The large client base of Zerodha Coin is enough to tell you why it is considered among the best apps for mutual funds. To start with, you just need a Zerodha account and you can instantly start investing in mutual funds through SIP.
Android Rating: 4.3/5
App Downloads: 1M+
App Download Link: Android | IOS
Key Features of Coin App by Zerodha
- The easy portfolio management interface
- You can save 10 to 1.5% on direct SIP
- Available for both iOS and Android mobile devices
- Invest in mutual funds directly from the Zerodha account
- Hassle-free SIP management
- Expensive range of mutual funds to choose from
- Option to invest in ELSS funds for tax saving
- UPI-based purchasing option
| Pros | Cons |
|---|---|
| Cost effective | Have to create a dedicated Zerodha account. |
| Offers various fund houses for increased flexibility. | It doesn’t offer advisory |
| User-friendly interface for easy navigation | It doesn’t offer stock trading. |
Paytm Money
Another top mutual funds app in India is Paytm Money. According to experts, the best mutual funds investment app in India allows investors to get 1% higher returns by investing in direct mutual funds. Moreover, the app doesn’t levy any charges regarding the buying and selling of mutual funds, which means investing in mutual funds is free of charge. The availability of diverse investment ideas makes mutual fund investment a lot easier for investors.
The top mutual funds app in India is backed by a total paperless KYC verification process, which makes the account opening process tremendously faster and easier. Tracking your mutual funds portfolio is quiet with the app. Also, investors can choose to invest in different types of mutual funds like liquid funds, ELSS funds, equity funds, and others. This is the best app for investing in mutual funds.
Android Rating: 4.2/5
App Downloads: 10M+
App Download Link: Android | IOS
Key Features of Paytm Money
- Zero commission on direct mutual funds
- Nil AMC
- 100% paperless account opening
- Free account statements
- Portfolio-centric suggestions and insights
| Pros | Cons |
|---|---|
| Intuitive interface | Investment mandates KYC verification |
| Direct plans for higher returns | Mandatory link bank account details |
| Provides market insights |
Groww Mutual Funds App: Best Investment App in India
In terms of stability and usability, the Groww app is considered as the best app for mutual funds investment in India. Not only it make investment exceptionally simpler, but one can also go through tons of value-based videos and blog posts that would help you make the right choice regarding mutual fund investments.
Apart from the mutual funds, you can also choose to invest in the stock through the Groww app. Due to zero-charge, this mutual funds app is becoming amazingly popular in the stock investment landscape. You can start investing by using the best app for SIP investment with just 500 rupees monthly.
Android Rating: 4.6/5
App Downloads: 10M+
App Download Link: Android | IOS
Key features of the Groww Investment App:
- User-centric interface for easy and fast investment
- Single dashboard for tracking the investments, annual returns, and overall returns
- One-step e-KYC
- Secure transaction through 128 bit SSL encryption
- SIP calculator
- Good choice for beginners
| Pros | Cons |
|---|---|
| Wide availability of mutual funds, international funds, and ETFs. | Limited customer support |
| Personalised suggetions | No advanced tools for risk analysis |
| Offers direct plans with lower expense ratios |
ICICI Direct All-in-One App
ICICI Direct All-in-One App is the best mutual funds app for both new and experienced investors, which lets you choose and invest from mutual funds schemes of 39 leading asset management companies (AMCs).
Android Rating: 4.7/5
App Downloads: 50k+
App Download Link: Android | IOS
Key Features of ICICI Direct All-in-One App
- Easy investment in best Mutual Funds handpicked by our award winning research across Large Cap, Mid Cap, Small Cap, ELSS & Gold Funds categories
- One click investment through one-time & SIP (Systematic Investment Plan) mode in just a few minutes
- Analyze your holdings anytime, anywhere, in a few taps by App
- Bio-metric login facility and mobile number & access code login method offered for better security
- Available for both iOS and Android mobile devices
- UPI-based purchasing option given
| Pros | Cons |
|---|---|
| Easy investment | Complex KYC term validation |
| Easy user interface | |
| Biometric login facility |
ET Money App:
ETMONEY is an initiative by TIMES NETWORK, one of India’s leading media networks, which aims to bring unprecedented levels of ease to mutual funds investment in India. The best app for mutual funds is equally beneficial for both novice investors as well as experienced ones.
Moreover, this one of the top mutual funds apps is based on fully automated functionality that makes mutual fund investment smoother affairs. It offers personally-devised investment roadmaps steadfastly crafted given your specific financial goals and responsibilities. Not only that, but you get to access a range of financial offerings, such as buying term insurance, the best app for SIP plans, life insurance, different types of loans, mutual funds investments, and more.
Android Rating: 4.6/5
App Downloads: 5M+
App Download Link: Android | IOS
Key Features of ET Money :
- Quick and secure integration with different UPI platforms
- Best app for lumpsum as it offers Zero-cost mutual funds investment
- wide range of mutual funds options to choose from
- ETMoney’s Expense Tracker and Monthly Saver
- ET Money Gold Deposit
| Pros | Cons |
|---|---|
| Direct mutual funds investment | No advisory or tips |
| No commissions, no hidden fees | NO analysis tool |
| Allow investments in ELSS funds |
Kuvera App
The next on our list is the Kuvera Mutual Funds app. Among many features of this top mutual funds apps in India, the most salient feature is a goal-based investment. Whether you want to save taxes, build wealth, stability, or any other thing, the app makes likewise recommendations. Moreover, its single dashboard allows investors to track their investments anytime, anywhere.
Along with mutual funds, the top 10 mutual funds apps can also be used for making investments in stocks and gold. The app also exhibits amazing features like timely reports, tax harvesting, and TradeSmart.
Android Rating: 4.5/5
App Downloads: 1M+
App Download Link: Android | IOS
Top Features of the Kuvera App:
- Completely digital account opening process
- Family account features to manage joint accounts
- Zero commission or hidden charges
- Tax-saving fund options
- Goal-based investment terminology
| Pros | Cons |
|---|---|
| 50 different fund houses | Limited trouble support options |
| Zero fee, higher returns | |
| Instant customer support |
CAMS Mutual Funds App
It is one of the most commonly used mutual funds apps in India and is primarily known for its easy investment functionality. The app for SIP features very insightful knowledge about money savings, tax savings, mutual funds, and other crucial information.
If you want to embrace superior levels of ease regarding mutual funds, this app is one option that would surely entice you. This app for mutual funds even allows investors to schedule their best mutual funds in India.
Android Rating: 4.3/5
App Downloads: 1M+
App Download Link: Android | IOS
Top features of Cams Mutual Funds app:
- Zero brokerage and no hidden charges
- Fast support on loans and insurance policies
- Easy mutual funds investment procedure
- Option to invest in mutual funds through Systematic Investment Plans (SIP) and lump-sum investment option
- Investment in ELSS tax-saving plan
| Pros | Cons |
|---|---|
| User-friendly interface | Does not offer any personalized recommendations |
| Supports multiple payment modes | Crashes unexpectedly |
| Offers wide range of mutual funds from different fund |
Paisa Bazaar
In the field of top mutual funds apps in India, the Paisa Bazaar app is also becoming increasingly popular. The finest thing about this app is that investors are allowed to invest in direct SIP to keep the money safe.
Being a SEBI-registered app, all the mutual funds investments through this channel are completely safe.
Android Rating: 4.4/5
App Downloads: 10M+
App Download Link: Android | IOS
Top Features of PaisaBazaar:
- A wide range of financial solutions like personal loans, home loans, direct mutual funds plans, life insurance, and others
- One of the best places to check and compare different loans offers
- More opportunities for upselling and cross-selling
| Pros | Cons |
|---|---|
| Smooth interface | Complex applications |
| Supports multiple payment modes | |
| Dedicated support executives |
Piggy Mutual Funds App
It is a highly advanced, one of the best mutual funds apps in India that is aimed at making investment and wealth-building simpler and quicker. You can start your SIP with as little as Rs. 100 with this best app for lumpsum and see it grow sooner.
Piggy App allows investors to invest in direct mutual funds. This means that they get nearly 1.5% extra returns annually and attain a difference of 45% in 25 years.
Android Rating: 4.4/5
App Downloads: 10K+
App Download Link: Android | IOS
Top Features of the Piggy App:
- Completely paperless account opening and other procedures
- Zero commission and no hidden charges
- Tax savings through investment in ELSS funds
- Investment in direct mutual funds
| Pros | Cons |
|---|---|
| Online account opening | Complex user interface |
| Zero commission | |
| Offers direct funds investment |
CashRich App
CashRich is known to be the only mutual funds app that presents a dynamic SIP option for better returns than normal SIPs. Because of this top feature, CashRich is considered the best mutual funds app in India.
During the period before Feb 2020, the investment in the share market was nearly 10-20%. When the share market downsized last year due to the coronavirus pandemic, the equity allocation sored to 70-80%. Therefore, it safeguarded the weakness threat and allowed users to invest at reduced prices in the case of recession. You can invest in the best mutual funds in India with this app.
Android Rating: 4.5/5
App Downloads: 100K+
App Download Link: Android | IOS
Top Features of the Cashrich App:
- One-tap chat availability
- Choose from the best mutual funds schemes
- Goal-based investment choices
- Lifetime zero-cost investment accounts
| Pros | Cons |
|---|---|
| One chat support solution | Not have multiple payment options |
| Wide ranges of funds | Don’t have instant withdraw option |
| No hidden fees |
Top Mutual Funds Apps With Lowest Charges
Here are the top 5 mutual funds apps listed according to their charges (lowest):
| Best Mutual Funds App | Ratings |
|---|---|
| Fisdom | 4.6 |
| Groww | 4.5 |
| Bajaj Finance | 4.6 |
| Coin by Zerodha | 4.2 |
| ET Money | 4.4 |
Difference Between Direct & Regular SIP Mutual Funds
There are some differences between a Direct and Regular SIP offered by the best app for mutual funds. Some of these factors include:
Investment Guidance
In the case of Direct SIP, one may not get investment advice. However, it is easily available in the case of Regular SIP. A Regular SIP plan is inclusive of professional investment advice.
Returns
Returns are found to be on a higher side in the direct SIP as compared to a regular SIP scheme. The main reason behind this is that a direct SIP fund is purchased from a fund house or a few selected portals.
Expense ratio
The amount which is deducted as an administrative charge from the investor’s returns is known as the expense ratio. As there is no involvement of any third party, the expense ratio in the case of direct SIP remains comparatively lower than regular SIP.
NAV
Since there is a high expense ratio in a regular SIP plan, its Net Asset Value remains lower. On the other hand, the direct SIP boasts a low expense ratio because of the incurring commission fee and carries a high NAV.
Whether you want to take your first step towards mutual fund investment or want better control over your mutual fund portfolio, the above-mentioned mutual funds apps or the best app for SIP would be the perfect choice for any type of goal you have linked with your mutual funds investment.
FAQs – Best Mutual Funds App in India
Which is the best mutual funds app in India?
According to easy process, safety, and low charges, Zerodha Coin, Paytm Money, and Groww are the best mutual funds apps.
Which is he top 5 mutual funds apps for direct SIP?
Here are the top 5 mutual funds apps in India for direct SIP:
1. Coin by Zerodha
2. Groww
3. Paytm Money
4. Kuvera
5. ETMoney
Which app is best for mutual funds in India?
Coin app by Zerodha is the best for buying mutual funds in India. Zerodha is a well-known stock broker and also considered the provider of the best investment plans with the highest active clients.
Which is the No. 1 mutual fund in India?
Groww is providing the No. 1 mutual fund in India, you can use Groww for your investing. Groww is the fastest-growing stock broker and offers multiple investment options.