Best Mutual Fund App in India – List of Top 10 Mutual Fund Apps

Investing in mutual funds are so easy by using mutual fund apps. In this article we have listed top 10 mutual fund apps in India with their ratings and their detail review. Let’s explore them and find out the best mutual fund app in India that is most suitable for your investment.

It is true that stock investment involves a high level of complexity. This is why most investors keep themselves away from this investment channel despite realizing the amazing performance of the same. To make things easier, the concept of mutual funds has been introduced.

In this type of investment, a fund manager is allotted to a particular mutual fund scheme who decides the stocks where the accumulated money would be invested. And there is no specific stock but a collection of stocks is chosen to yield great returns. There are different types of mutual funds like equity or growth funds, debt mutual funds, liquid funds, hybrid funds, and more.

Best Mutual Fund App in India Another reason behind the surging popularity of mutual funds in India can also be attributed to technology. For example, today, investing in a mutual fund is very easy through the best mutual funds apps in India.

Since mutual fund investment is quite affordable as people can start investing with an amount as little as just INR 100, the chosen best mutual funds app in India 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.


List of Top 10 Mutual Fund Apps in India – Best Mutual Fund App in India

Rank Mutual Fund 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 ET Money App Free 4.8/5
5 Kuvera App Zero 4.7/5
6 CAMS App “0” for direct plan 4.5/5
7 PaisaBazaar App 1% on Exit load 4.5/5
8 Piggy App Free 4/5
9 CashRich App Zero 4/5
10 KFinKart App Free 3.8/5

Best App for Mutual Fund Investment

  1. Zerodha Coin Mutual Fund App

Coin by Zerodha
Coin App by Zerodha emerges as the best mutual fund app in India for a majority of investors. It is its high level of ease and functionality that 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 top stockbrokers in India, you can rest assured about a high level of commitment and user-centricity. If you already have a Zerodha account, it would be a lot easier for you to invest directly in mutual funds via the Coin app.

The Coin by Zerodha app lets investors invest in the mutual fund schemes of nearly 40 fund houses and that too without any kind of commission. The large client base of the best mutual fund app in India is enough to tell you why it is considered among the best mutual funds apps in India. 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+

Top Features of Coin Mutual funds App by Zerodha

  • The easy portfolio management interface
  • You can save 10 to 1.5% on direct SIP by this mutual fund app in India
  • 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

 

  1. Paytm Money Mutual Funds App

Paytm mutual fund investment
Another top mutual funds app in India is the Paytm Money Mutual Funds app. According to experts, the best investment app in India allows investors to get 1% higher returns by investing in direct mutual funds through it. Moreover, the app doesn’t levy any kind of charges regarding the buying and selling of mutual funds which means investing in mutual funds is free of cost. The availability of diverse investment ideas makes mutual funds investment a lot easier for investors and seamless.

The best mutual fund 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 fund 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 through the app.

Android Rating – 4.2/5
App Downloads – 10M+

Major Features of Paytm Money Mutual Funds App

  • 0 commission on direct mutual funds
  • Nil AMC
  • 100% paperless account opening
  • Free account statements
  • Portfolio-centric suggestions and insights

 

  1. Groww Mutual Funds App – Best Investing App in India

Groww mutual fund app
In terms of stability and usability, the Groww app is considered as the best app for mutual funds investment in India. If you are new to mutual funds investment, this is the best mutual fund app you can choose. Not only it makes 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 best mutual fund app in India is becoming amazingly popular in the stock investment landscape.

Android Rating – 4.6/5
App Downloads – 10M+

Top features of Groww the best investment App in India:

  • 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

 

  1. ET Money App – Top Mutual Funds App in India

ET Money mf 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 fund is equally beneficial for both novice investors as well as experienced ones. The insightful posts by the app are found to be extremely valuable for all types of investors.

Moreover, this best mutual fund app in India is based on a fully automated functionality that makes mutual funds 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, life insurance, different types of loans, mutual fund investments, and more.

Android Rating – 4.6/5
App Downloads – 5M+

Features of ET Money the best mutual fund app in India :

  • Quick and secure integration with different UPI platforms
  • Zero-cost mutual funds investment
  • wide range of mutual fund options to choose from
  • ETMoney’s Expense Tracker and Monthly Saver
  • ET Money Gold Deposit

 

  1. Kuvera Mutual Fund App – Top Mutual Funds App

Kuvera mutual fund app
The next on our list is the Kuvera Mutual Funds app. Among many features of this top mutual funds app 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 fund app 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+

Major Features of Kuvera top mutual fund 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

 

  1. CAMS Mutual Fund App – Best Mutual Funds App for Direct SIP

CAMS mf app
It is one of the most commonly used best mutual fund app in India and is primarily known for its easy investment functionality. The app 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. Even, this best app for mutual fund allows investors to schedule their mutual fund investments.

Android Rating – 4.3/5
App Downloads – 1M+

Top Features of Cams the best app for mutual funds –

  • Zero brokerage and no hidden charges
  • Fast support on loans and insurance policies
  • Easy mutual fund investment procedure
  • Option to invest in mutual funds through Systematic Investment Plans (SIP) and lump-sum investment option
  • Investment in ELSS tax-saving plan

 

  1. PaisaBazaar App – Best Investment App in India

Paisabazar mutual funds app
In the field of mutual fund apps in India, the Paisa Bazaar app is also becoming increasingly popular. The best thing about this best mutual fund app in India is that investors are allowed to invest in direct SIP to keep the money safe.

Being a SEBI-registered app, all the mutual fund investments through this channel are completely safe.

Android Rating – 4.4/5
App Downloads – 10M+

Top Features of PaisaBazaar the best app for mutual fund –

  • A wide range of financial solutions like personal loans, home loans, direct mutual fund plans, life insurance, and others
  • One of the best places to check and compare different loans offers
  • More opportunities for upselling and cross-selling

 

  1. Piggy Mutual Fund Investment App

Piggy mutual fund app
It is a highly advanced one of the best mutual fund app in India that is aimed at making investment and wealth-building simpler and quicker. You can start your SIP with as low as Rs. 100 and see it grow sooner.

Piggy App allows investors to invest in direct mutual funds. This makes them get nearly 1.5% extra returns annually and attain a difference of 45% in 25 years.

Android Rating – 4.4/5
App Downloads – 10K+

Top Features of Piggy best app for mutual fund –

  • 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

 

  1. CashRich App

Cash Rich app for mutual fund
CashRich is known to be the only best mutual fund app in India that presents a Dynamic SIP option for better returns in comparison to normal SIPs. Because of this top feature CashRich is considered as the best mutual fund 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.

Android Rating – 4.5/5
App Downloads – 100K+

Top Features of Cashrich best mutual fund app –

  • One-tap chat availability
  • Choose from the best mutual fund schemes
  • Goal-based investment choices
  • Lifetime zero-cost investment accounts

 

  1. KFinKart App

KFinkart App for Mutual Fund
KFinKart App is one of the best mutual fund app in India that redefine the way investors invest in mutual funds. From one-dashboard portfolio view to profile-based investment suggestions, and paperless transactions, there are numerous reasons to invest in mutual funds through this awesome app.

Android Rating – 4.2/5
App Downloads – 1M+

Top Features of Kfinkart best mutual funds app –

  • Highly advanced navigation for ease of use
  • Login option through Facebook or Google
  • Find your transaction status
  • Option to link family portfolios
  • wide range of mutual fund schemes

Difference Between Direct & Regular SIP

There are specific parameters that set the difference between a Direct and a Regular SIP. 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.

In addition, there is no broker involvement which eliminates the incurring of any commission fee, resulting in better returns.

  • 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 fund apps would be the perfect choice for any type of goal you have linked with your mutual fund investment.

FAQs About Best Mutual Fund App in India 2022

Q1. Which is the best mutual fund app in India?

Ans – According to easy process, safety and low charges, Zerodha Coin, Paytm Money and Groww are the best mutual fund app in India.

Q2. Which is the top 5 mutual fund apps for direct SIP?

Ans – Here are the top 5 mutual fund apps in India for direct SIP –

  1. Coin by Zerodha
  2. Groww
  3. Paytm Money
  4. Kuvera
  5. ETMoney

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