Mutual funds are an easy way to invest. They allow you to pool money with other investors so that you can invest in a combination of stocks, bonds, or other assets. As time goes by, your money will grow. However, for most individuals, particularly for beginners, investing in mutual funds may be confusing. That’s where mutual fund apps become useful! These apps allow you to invest from your mobile phone with ease. They’re ideal for beginners and pros alike, with features and tools that simplify and automate investing.
In this blog post, we’ll be looking at the 6 top mutual fund apps: Groww, Zerodha Coin, Angel One, 5paisa, ET Money, and HDFC Mutual Fund. Whether you’re an investment newbie or a seasoned pro, these apps offer something for you.
6 Best Apps for Mutual Funds
1. Groww
Groww is a very popular mutual fund app in India. It’s really easy to use, so even beginners can use it. With a couple of taps, you can invest in various mutual funds. The app provides you with clear information about each fund, such as how it has performed in the past and how risky it is. This will help you make informed decisions.
For experts, Groww has cool features like tracking your portfolio and setting investment goals. You can also use it to invest in stocks or ETFs, so it’s perfect if you want to try different things. Best of all, there are no commission fees, so more of your money stays invested.
2. Zerodha Coin
Zerodha Coin is a fantastic app from Zerodha, India’s biggest stockbroker. It’s trusted and reliable. This app allows you to invest in direct mutual funds, meaning lower fees than regular plans—a huge money-saver! The interface is minimalist and easy to use, so newbies won’t get lost. It even includes guidebooks for learning about mutual funds.
For veterans, Zerodha Coin offers advanced analytics and allows you to keep all your investments in one location. If you already have a Zerodha trading account, you can connect it to trade stocks as well. It’s a good option for anyone willing to invest.
3. Angel One
Angel One is a good app for both newbies and pros. It gives access to a vast number of top mutual funds. The app is very user-friendly, with options like one-click investing and easy portfolio monitoring. Beginners will appreciate the customized advice it provides according to your goals—such as saving for a home or retirement.
Professionals can utilize sophisticated tools such as charts and market news to make intelligent decisions. Angel One also allows you to invest in stocks, insurance, and more, so it’s a package deal. And their customer support is always available to assist if you get stuck.
4. 5paisa
5paisa is a wonderful one-stop app for investment in mutual funds. It’s cost-effective, with no commission charge on mutual funds, which is simply excellent at keeping prices low. The app is easy to operate, so newcomers can begin investing immediately. You can choose from a large number of mutual funds and even create SIPs (systematic investment plans) comfortably.
For experts, 5paisa provides robo-advisory services and extensive market analysis to help steer your decisions. You can also invest in stocks, derivatives, and commodities in the same app. It even offers learning tools to educate you on investing—a great blend of simplicity and strength!
5. ET Money
ET Money is a favorite among people, and even newbies. It’s supported by the Economic Times, a brand you know you can rely on in finance. The app is simple, no-hassle-designed to make investing easy. You can invest in commission-free direct mutual funds, which save you on fees. ET Money provides customized recommendations depending on your goal and risk tolerance, which is perfect for beginners.
Professionals will appreciate the portfolio monitoring and tax-saving features. Aside from mutual funds, you can monitor your expenses and net worth as well. It’s a convenient tool to manage all your finances at once.
6. HDFC Mutual Fund
The HDFC Mutual Fund app is ideal if you wish to invest in mutual funds of HDFC itself. HDFC is a leading name in India’s fund business, and they have plenty of fund choices. The app is simple and intuitive, having rapid investment options and portfolio monitoring. New investors can use useful content to understand mutual funds, while experts receive detailed analysis on the performance of funds.
It’s strictly HDFC fund focused, so it’s less flexible than others, but it’s extremely dependable. With excellent customer support, this app is a sure bet for anyone who believes in the HDFC brand.
Best Apps for Mutual Funds: Comparison Table
Here’s a quick look at how these apps compare:
| App Name | Fees | User Interface | Investment Options | Special Features |
|---|---|---|---|---|
| Groww | No commission | Very user-friendly | Mutual funds, stocks, ETFs | Goal-based investing, tracking |
| Zerodha Coin | No commission | Clean and simple | Direct mutual funds, stocks | Educational guides, analytics |
| Angel One | Low fees | Intuitive | Mutual funds, stocks, insurance | Personalized tips, charting |
| 5paisa | Zero commission | User-friendly | Mutual funds, stocks, derivatives | Robo-advisory, research |
| ET Money | No commission | Simple, clutter-free | Direct mutual funds, FDs | Suggestions, expense tracking |
| HDFC Mutual Fund | Varies by fund | Straightforward | HDFC mutual funds | Learning content, fund analysis |
Conclusion
The choice of a good mutual fund app can help you start on a hassle-free investing journey. The 6 apps that we’ve discussed—Groww, Zerodha Coin, Angel One, 5paisa, ET Money, and HDFC Mutual Fund—are all great options. They serve beginners with simple designs and useful advice, while providing professionals with sophisticated features to make their investments.
Consider what you most need—low fees, additional features, or ease—and select an app that suits you. Mutual funds are a good investment for accumulating wealth over time, and with these apps, you’re just a tap away from beginning.
Learn More:
- How to Start Investing in Mutual Funds in India – Step-by-Step Process for Beginners
- Difference Between Mutual Funds and Stocks – Which is Better for Beginners?
- Understanding NAV (Net Asset Value) in Mutual Funds – What It Means and Why It Matters
- Risks Involved in Mutual Fund Investments – Common Risks and How to Manage Them
Best Apps for Mutual Funds: FAQs
1. What is a mutual fund app?
A mutual fund app is a phone app that lets you buy, sell, and manage mutual fund investments easily. It’s like having a mini-investment advisor in your pocket!
2. Are these apps safe to use?
Yes, these apps are from well-known, regulated companies in India. They use strong security to keep your money and info safe.
3. Do I need experience to use these apps?
Not at all! These apps are made for beginners too. They’re simple to use and often have guides to help you learn.
4. Are there fees for using these apps?
Most of these apps charge no commission for mutual funds. Some might have fees for other services, so check before you start.
5. Can I invest in more than just mutual funds?
Yes, many of these apps let you invest in stocks, ETFs, and other options too. It’s a great way to mix things up!
Disclaimer:
The information in this post is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Always do your own research and consider your personal financial situation before making any investment decisions. The stock market carries risks, and past performance is not a guarantee of future results. If you are unsure, consult a qualified financial advisor or tax professional.
