Mutual funds are one of the easiest ways to invest money in the market, and there are several apps that facilitate this process. One can quickly get started by downloading a mutual fund app from the Play Store or App Store and start investing in the relevant funds, as per their knowledge. Each mutual fund app boasts unique features that make investing a worthwhile activity and can provide long-term results if done on a continuous basis.
Here in this blog, we are going to explore the 10 best apps to invest in mutual funds in India in 2023 such as Groww, Coin, Paytm Money, and many more which you can be download on your phone right now:
1. Groww
Groww stands out as a user-friendly investment application tailored to the specific needs of Indian investors, offering a diverse range of mutual funds for selection. Its most prominent feature is its commitment to cost-effectiveness, refraining from imposing any transaction fees on mutual fund investments. However, Groww’s appeal extends well beyond being a mere investment platform; it places a strong emphasis on investor education.
Through a comprehensive array of educational resources and tools, encompassing articles, tutorials, and calculators, Groww empowers investors by equipping them with valuable knowledge. Consequently, Groww emerges as a highly valuable platform, equally accessible and beneficial to both newcomers and seasoned investors aiming to grow their wealth through mutual fund investments in the Indian market. Grow is indeed one of the 10 best apps to invest in mutual funds in India in 2023.
2. Zerodha
Zerodha, a leading discount brokerage platform in India, offers users a unique opportunity through its app to invest directly in mutual funds without incurring any commission charges. Moreover, this platform empowers investors by providing access to a diverse range of mutual funds and facilitating seamless investment execution.
The elimination of commissions in Zerodha’s app is strategically designed to enhance transparency and cost-effectiveness in mutual fund investments. As a result, this makes it an attractive choice for individuals looking to grow their wealth through mutual funds in the Indian market.
3. ETMoney
One of the 10 best apps to invest in mutual funds in India in 2023 is ETMoney which is a versatile finance application that offers users a comprehensive approach to handling their financial matters. This all-in-one platform enables users to seamlessly invest in mutual funds, closely monitor their expenditures, and effectively oversee their overall financial well-being.
By providing a wide range of features and capabilities, ETMoney empowers individuals to take control of their financial lives, providing a unified solution for both investment opportunities and financial tracking. In essence, it simplifies the complexities often associated with the management of personal finances.
4. Paytm Money
Paytm Money is an integral part of the Paytm ecosystem, strategically engineered to offer users effortless access to a diverse array of mutual fund investment opportunities. This is achieved through the seamless integration of Paytm Money with users’ existing Paytm accounts. This integration significantly simplifies the investment process, empowering users to utilize their Paytm accounts for swift and hassle-free mutual fund transactions.
With Paytm Money, users can conveniently explore and invest in a wide spectrum of mutual funds, effectively aligning their investment endeavours with their broader financial activities within the Paytm platform.
This harmonious synergy not only elevates the overall user experience but also fosters a more unified and simplified approach to managing both financial affairs and investments.
5. Upstox
Upstox is a highly recognized stock trading platform in India that has expanded its services to encompass mutual fund investment options. As a preferred choice among investors, Upstox seamlessly accommodates users seeking to broaden their investment portfolios beyond stocks by facilitating access to mutual funds.
This integrated approach offers individuals an effective method to manage both their stock trading and mutual fund investments through a single platform, thereby streamlining their financial management and offering a comprehensive solution for their investment needs.
6. ICICI Direct Mutual Fund
ICICI Direct is one of the 10 best apps to invest in mutual funds in India in 2023 which offers a robust and comprehensive platform tailored for individuals interested in mutual fund investments, complemented by a diverse range of alternative investment choices.
Renowned for its reputation for reliability, ICICI Direct provides users with an intuitive interface and an extensive array of mutual funds, thereby catering to a broad spectrum of investment preferences.
In addition to mutual funds, it extends its services to encompass various other investment avenues, empowering users to explore and diversify their investment portfolios in accordance with their unique financial objectives and risk profiles. This multifaceted approach positions ICICI Direct as a valuable resource for investors, facilitating efficient investment management and providing access to a wide array of financial instruments.
7. myCams
myCAMS is a web-based application designed and developed by CAMS, aimed at empowering investors with the convenience of creating a unified login user ID. This user ID can be established through either the CAMS website or the Mobile App Version, providing investors with seamless access to a wide range of participating Mutual Funds.
These funds have authorized CAMS to deliver specialized services through this platform. In essence, myCAMS streamlines the investor experience by providing a solitary access point for efficiently managing investments across multiple mutual funds, thereby enhancing convenience and overall efficiency in the investment process.
8. Angle One
Angel One Limited, formerly recognized as Angel Broking Limited, is an Indian stockbroker firm with its roots tracing back to its establishment in 1996. The company boasts affiliations with several eminent financial exchanges in India, encompassing the Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE), National Commodity & Derivatives Exchange Limited (NCDEX), and Multi Commodity Exchange of India Limited (MCX).
These robust associations underscore Angel One’s substantial footprint and its pivotal role within the Indian financial and stock trading arena. Angel One is indeed one of the 10 best apps to invest in mutual funds in India in 2023.
9. Kuvera
This application-based platform for mutual fund investments is strategically crafted to streamline the investment process. Utilizing user input, which encompasses factors like their risk tolerance and financial objectives, the platform customizes a mutual fund portfolio to suit individual needs.
Its comprehensive set of features encompasses tax-saving opportunities, tax-harvesting strategies, and automated portfolio tracking. Additionally, with availability on both Android and iOS platforms, this platform ensures convenient accessibility for a diverse spectrum of investors, facilitating efficient management of their mutual fund investments. It is indeed one of the 10 best apps to invest in mutual funds in India in 2023.
10. Scripbox
One of the 10 best apps to invest in mutual funds in India in 2023 is Scripbox. It operates a digital wealth management platform dedicated to providing a user-friendly platform tailored for mutual fund investments.
Their platform not only streamlines the process of purchasing and selling mutual funds and equity shares but also offers invaluable financial advice.
This comprehensive approach empowers users to make well-informed investment decisions, ensuring they receive the guidance necessary to maximize their investment returns. In essence, this platform serves as a valuable resource for individuals seeking dependable financial assistance and a means to enhance their investment returns.
Conclusion
The landscape of mutual fund investment apps in India for 2023 offers a diverse range of options to cater to the specific needs and preferences of investors. We have tried to cover the 10 best apps to invest in mutual funds in India 2023 and these apps have evolved significantly, providing user-friendly interfaces, seamless transaction processes, and comprehensive features such as portfolio tracking, tax-saving options, and personalized investment advice. Whether you are a novice or an experienced investor, these apps offer a convenient and efficient means to build wealth through mutual funds.