8 Best Stock and Mutual Fund app for investment

8 Best Stock and Mutual Fund app for investment

Mutual fund investments are the most popular option for capital growth that can beat inflation. Many mutual fund apps have made investing in mutual funds simple, and convenient. However, before using any app, one should be aware of all the charges and features while using it.

6 Best Stock and Mutual Fund app for investment

If you are looking for the Best stock and Mutual Funds App, we will explain this in an article.

Investing in direct mutual funds has become a piece of cake with the best apps for mutual funds. Explore the various features, perks, and charges of the best stock and mutual fund app

Mutual Fund

Mutual funds can be classified into direct and regular schemes. Direct mutual fund refers to those funds which do not involve any third-party agent, distributor, or broker.

Direct funds eliminate the involvement of any third parties and thus cut down on commissions and brokerage fees. Thereby, the expense ratio of Direct Funds is lower than that of Regular Funds, which gives higher returns. If you are using any mutual fund app, you can easily identify the direct fund as the word ‘direct’ is preceded by the name of any fund.

Now you are aware of the difference between Direct and Regular Funds, let us discuss the Best stock and mutual Fund App.

1. Grow Mutual Fund App

Grow is one of the most reliable mutual fund apps. The Simplicity and Transparency of this App present Groww as the Best Mutual Fund App in India. You can start investing by completing digital KYC.

  • There are no account opening fees and no brokerage/commissions to buy or sell funds on Grow.
  • It provides many blogs, videos, and insights on the fund, that make a better learning platform for new investors. 
  • Moreover, this app serves as one of the best mutual fund apps for Android is an easy-to-use for quick and simple navigation.

2. ETMoney Mutual Fund App

Launched by Times Group, eMoney is one of the best apps for investing in mutual funds that have caught the attention of new investors. 

Packed with deep insight, and basics to advanced concepts of fund investing, this app helps investors develop strategies to meet their financial goals through mutual fund investments.

  • ETMoney is the best app for mutual fund investments to save tax. Moreover, it offers buying and selling of funds at zero brokerage, which definitely increases the returns in the long run. 
  • It provides an expense manager that helps the investors to track and monitor all the expenses.

3. MyCams App

Organized User Interface is what makes myCAMS the best mutual fund investment app. It provides an overall view of the mutual fund portfolio, making it easy to manage all mutual fund investments.

  • myCAMS provides fast and secure scheduled transactions and quick redemption. 
  • Investors can use PIN or Pattern Lock to keep their accounts secure. 
  • It also has a myCAMServ chatbot to provide support for any queries.

4. KFinKart Fund App

It is one of the best apps to invest in mutual funds which is user-friendly and simple.

Investors get only one view of their investment portfolio. Moreover, one of the unique features that make Keffincart the best app to track mutual funds in India is the addition of multiple folios.

  • This feature enables the investors to track the family portfolio.
  • KFinKart also provides insights on investment patterns to help investors make better investments. 
  • It also provides features like reinvestment and starts or stop SIP which enhances the convenience of investing.

5. Zerodha Coin App

Coin by Zerodha is the best direct mutual fund app that allows unlimited buying and selling of direct funds at zero commission. It has 3000+ direct funds and ample filters to help you choose according to your needs.

  • Zerodha Coins keep Mutual Fund investments in Demat form, which makes it convenient to pledge. 
  • Additionally, this app provides a single view of capital gains, profit and loss statements, and annual returns. Hence, Zerodha Coin is the best app for mutual fund tracking.

6. Paytm Money App

Paytm Money is one of the best apps for mutual fund investment 2021. It has a quick and paperless KYC process that enables investors to open an account in a matter of minutes. 

The app offers a variety of fund schemes categorized according to goals, making it easy for investors to make an informed decision.

  • Paytm Money makes UPI payments the best app to buy mutual funds. Apart from this, it has the facility of automatic sip payment. 
  • Hence, investors need not worry about forgetting their SIP dates. Paytm Money has some ‘Super Saver Funds’ that allow you to invest in liquid funds and enable you to make quick withdrawals after 7 days of investment.

7. CashRich App

The dynamic SIP method makes Cashrich the best app to invest in mutual funds.

This app helps investors to diversify funds for better returns and save tax. It has a ‘Switch’ feature which offers quick switching of fund investments within different plans of the same AMC.

  • Cashrich is considered to be an investment portfolio review that improves its investment strategies.
  • The app also provides personalized recommendations for investors. 
  • For any queries, they have provided active chatbots to assist you at any time of the day.

8. Kuvera App

Kuvera is also the best app for buying mutual funds as it comes with many features.

Long-term investors can use special features like Tax Harvesting, TradeSmart, Remit, Family Account, etc. to reduce the impact of tax, diversify the portfolio, and for faster and secure withdrawals.

  • Kuvera allows goal-based fund investments and provides investment suggestions as per your existing portfolio.
  • It is definitely the best app for investing in mutual funds due to its simplicity and additional features.

FAQ/Frequently Asked Questions

1. Which app is best for a direct mutual fund?

Most of the apps have direct mutual funds. However, to ensure direct fund investment, you must be careful to locate the word ‘direct’ before the name of the fund. Kuvera and Zerodha Coin Direct work as the best apps for mutual fund investments.

2. Which mutual fund app is best to track portfolio?

Portfolio tracking is an essential feature that helps you manage your investments. While most mutual fund apps provide tracking, MyCAMS and Grow to stand out as the best apps to track portfolios. However, if the investor wants to track the portfolio of family members, then Kefincart and Kuvera Family are the best apps for portfolio tracking.

3. Which app is best for mutual fund investment for beginners?

Grow and EtMoney offer several learning guides for beginners. These apps provide insights on blogs, videos, and fund schemes that help new investors make informed decisions. Hence, this app is the best app for investing in mutual funds, especially for beginners.

4. Which app is suitable for SIP investment?

Cashrich and Paytm Money are the best apps for SIP mutual fund investments. Cashrich has a special feature of dynamic SIP which enhances portfolio diversification. On the other hand, Paytm Money has an automatic SIP facility that deducts the SIP amount at the allotted date thereby skipping the SIP date.

5. Do mutual fund apps charge fees for buying and selling mutual funds?

Most of the apps do not charge any commission or brokerage for buying and selling mutual funds. Grow, ETMoney, Zerodha Coin, and Paytm Money are the best apps that allow buying and selling of fund schemes at zero commission.

Mutual fund investing has become faster and easier with the many apps available in the play store. You can start your fund investment journey in just a few clicks on your smartphone. However, there are many options, so choosing the most suitable app can be confusing.

Therefore, it is always advisable to do research before investing. We have selected the above apps according to their simplicity in use, reliability, transparency, and additional features.

We hope this list of these Best Stock and Mutual Fund App helps you to start or improve your investment.

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