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

This article will provide insights on the Best Mutual Fund Apps in India. This article will help you to find the best mutual fund apps on the market.

In the past, information about mutual funds was only available to those in higher social classes. Now, everyone is aware of the benefits.

Mutual funds offer a wide range of benefits to investors. This is why many people are moving towards mutual funds via different methods and mutual fund app.

Because there are no financial intermediaries, direct mutual fund schemes are the most popular choice for many investors.

These intermediaries are paid a portion of investor profits through regular mutual fund programs, so the investor loses an additional amount.

Mutual funds allow you to manage risk by diversifying your investments. You also get tax benefits from this.

Furthermore, professionals manage funds and have a deep understanding of the market. This ensures that you get impressive returns on your money.

A mutual fund can accomplish exactly the same thing with you as you could if you had time and money.

You can invest in mutual funds using many different methods. The most popular method of investing in mutual funds is Systematic Investment Plan, also known as SIP.

Every mutual fund comes in two versions: regular and direct. The main difference is the distribution commission.

Direct SIP is not subject to a distribution fee, but regular SIP does.

Best Mutual Fund Apps in India – Top 10 Mutual Funds Apps for Direct SIP

It is now easier to invest in mutual funds. You don’t have to travel to mutual fund companies. Instead, you can invest in mutual funds online.

Here’s a list with some of the top mutual fund apps that you can use for direct SIP.

Zerodha Coin App – Best Mutual Fund App in India

Zerodha coin is the top mutual fund investing app. It allows investors to invest directly in SIPs across 34 fund houses.

Investors can save as much as 1 to 1.5% annually through this app.

This app has a large customer base, making it the top choice for investors. It is easy to leverage the funds for loans by keeping them in Demat format.

Google Play Store Rating: 4.3/5

The App Key Features

  • A client can search and filter more than 3,000 direct mutual funds without commissions from 34 Asset Management Companies.
  • Equity trading brokerage is as cheap as Rs.20 per order making it one the most profitable options.
  • The app stores mutual funds in Demat format, which makes it easier to keep track of capital market investments electronically.

Groww App – Top Mutual Funds App in India

The safest platform for stock trading is Groww app. Investors can quickly buy and sell stock stocks. Investors can choose to invest in NSE or BSE stocks.

This app allows you to invest paperlessly. It tracks the performance of top mutual funds.

It also allows the investor to calculate the return via a mutual fund SIP calculation. It shares the most recent news about finance and the share market.

The Groww app also offers 128 bits of SSL encryption. This makes it the most secure app to use for direct SIP investments.

Google Play Store Rating: 4.6/5

The App Key Features

  • It is easy to track your investments, annualized returns and total returns with the app’s design.
  • Clients have the option of selecting from STP (Systematic Transfer Plan), SwP (Systematic Withdrawal Plan), NFO [New Fund Offer], and can also choose from convenient payment options such as UPI transfer.
  • You can also buy and redeem mutual funds, or create a new SIP.

ET Money App – Top 10 Mutual Funds App in India

ET Money app received the highest number of ratings on the Play Store. This app offers customized finance options to its investors via an automated framework.

ET money app offers services such as loans and insurance policies. Direct SIP investors have secure and simple payment options.

Google Play Store Rating – 4.6/5

The App’s Key Features

  • Clients can use the app to find the best financial instruments and buy them.
  • Clients also have the option to purchase insurance policies and quick loans, track their expenditures and easily invest in mutual fund investment schemes.
  • Both lump-sum and systematic investments are options for investing in mutual funds. SIPs in ELSS mutual fund mutual funds can help you save taxes.

CAMS App – Best Mutual Funds App for Direct SIP

The CAMS app offers many features that will make it easier for investors to invest. Every question of investors is answered by the app’s customer service team.

This book also contains basic and advanced knowledge on mutual funds, money mantra, as well as distributor news.

The CAMS app makes it easy to manage investments. It does not store any investor’s personal information.

The app allows investors to schedule future mutual fund transactions.

Google Play Store Rating – 4.3/5

The App’s Key Features

  • Clients can use the app to find the best financial instruments and buy them.
  • Clients also have the option to purchase insurance policies and quick loans, track their expenditures and easily invest in mutual fund investment schemes.
  • Both lump-sum and systematic investments are options for investing in mutual funds. SIPs in ELSS mutual fund mutual funds can help you save taxes.

PayTM Money App – Top Mutual Funds App for Direct SIP

It is easy to open a mutual fund investment account on the PayTM money App. Direct SIP can help you earn 1% more.

The advisory team of PayTM money also offers portfolio strategy advice to investors. This app does not charge any commission for buying or selling direct SIP.

There are over 40 mutual funds that this app can help you invest in. The Paytm Money app is a top-rated app for mutual funds because of its 24-hour real-time support.

Google Play Store Rating – 4.2/5

The App’s Key Features

  • There are no commissions on the purchase and sale of direct mutual funds.
  • Transparent tracking, data privacy and switching between regular and direct plans are all part of the app. The app also allows for management and automation of Systematic Investment Plans.
  • Clients have the ability to easily invest in liquid assets and receive quick withdrawals.

Kuvera App – Top 10 Mutual Fund App for Direct Investment

Kuvera is rated the best platform online for seasoned investors. It is able to tie up with all fund houses, making it easy to invest in direct SIPs.

You can also use the app to harvest tax, report and tradesmart. Kuvera app also rewards its investors. You can use the reward points to activate paid features.

Google Play Store Rating – 4.7/5

The App’s Key Features

  • The platform’s main feature is its goal-based investment.
  • The app helps visualize the goals and the effort required to reach them. As you make your investments, you can see your progress.

GoalWise App – Best Mutual Fund App

GoalWise, an online investing app can manage and create investments based on the investor’s risk profile.

It monitors the market performance and gives investors advice on where to invest. This app offers great security for payment gateways.

This app is available to investors for hassle-free and easy investment in direct SIP.

Google Play Store Rating – 4.6/5

The App’s Key Features

  • This app allows you to plan your finances with additional returns in addition to regular funds.
  • It handles almost all of the tasks for you, including asset allocation, rebalancing and financial planning.

Piggy App – Top Mutual Fund App

The Piggy app displays all mutual fund holdings on a single platform. This app offers a decent service for direct SIP and other mutual fund plans.

Piggy app makes it easy to redeem.

Google PlayStore Rating: -4.4/5

The App’s Key Features

  • Clients have the option to invest directly in mutual funds or digital gold. Aside from that, clients can also get full assistance via the AI-enabled technology.
  • To protect client information, the platform uses the most recent security measures and encryption technology.
  • Investors can get detailed analyses of their mutual funds portfolios, with as much as 1.5% additional returns each year.

PaisaBazaar App – Top 10 Mutual Fund App

PaisaBazaar offers a variety of financial products, making it a popular app for mutual funds. This app allows investors to invest in direct SIPs, which can help keep their money safe.

This app is also registered with SEBI, making it completely safe to invest in mutual funds.

Google PlayStore Rating – 4.4/5

The App’s Key Features

  • This app provides many solutions for clients in relation to personal loans, business loans and insurance.
  • Online clients can open a savings account, apply for loans or get insurance policies. They can even check their credit scores.
  • This application offers a lot of potential for cross-selling and upselling.

KFinKart App – Best Mutual Funds App

KFinKart’s core goal is to make mutual fund investments easier for users.

It allows clients to login in one click and allow them to invest in a variety of mutual funds.

Google PlayStore Rating – 4.2/5

The App’s Key Features

  • The application provides easy access to market news and a single view for your investments. It also helps you manage your portfolio and makes it easy to transfer money quickly.
  • It allows you to easily navigate the Net Asset Values of various mutual funds from one platform.

CashRich – Top Mutual Fund Apps

CashRich India’s first mutual fund app offers investors dynamic SIP methods to increase returns.

This app contains high-performing schemes in categories like long term, short-term, tax saver, etc.

Google Play Store Rating – 4.5/5

The App’s Key Features

  • The CashRich app offers everything an investor needs, from calculating SIP returns to reviewing past performance, to analyzing the current state of the schemes.
  • It will recommend funds to invest based on an investor’s profile. It allows instant withdrawals of money.

About Direct SIP

Direct SIP is a type of mutual fund that is directly offered by a fund house. This allowed investors to buy funds directly without the need for intermediaries.

This means that no third-party agents, i.e. brokers or distributors, are involved. Direct SIP is more beneficial than regular SIP because the agent does not receive a commission.

The direct SIP’s cost ratio is therefore very low. This type of SIP is available online and offline.

Direct SIP can also be managed by a fund manager, but only investors who have good market knowledge and are able to predict the market well should invest in direct SIP.

Difference Between Regular and Direct SIP

Based on certain parameters, the differences between regular and direct SIP can be distinguished. These parameters include:

Investment advice

It is necessary to seek advice for mutual fund investments, but this advice is not available through direct SIP. Advisors can only be accessed by regular SIP investors. You can also get professional advice as part of your regular investment plan.

Distributors

Regular SIP involves a broker or distributor who acts as a middleman between the investor and the fund house. He takes commission on every transaction.

Direct SIP is a different story. There is no broker involved in this SIP. This means you can purchase funds directly from AMC without intermediaries. This allows them to save money on the commission fee.

Market research

Advisors do all the market research and place your funds in regular SIP. Indirect SIP requires that the investor conduct all market research.

Knowing the market is essential. Monitoring and reviewing the market must be done on a regular basis.

Direct SIP investors must take the time to do this, whereas regular SIP requires professionals to monitor and provide a lot of attention.

Returns

The direct SIP returns are better than regular SIP. This is because a direct SIP fund can only be purchased from a fund house, and not through certain online sites.

A broker is not required in this instance, so a commission fee is not discussed. In regular SIP, returns are lower.

Expense rate

An expense ratio is the amount they take from investor’s returns as an administrative fee. Direct SIP has a lower expense ratio than regular SIP because there is no third party involved.

NAV

Regular SIP has a high expense ratio, which means that its Net Asset Value is lower. Direct SIP, on the other hand, has a lower expense ratio because of the commission fee. It therefore has a high Net Asset Value.

Conclusion – Best Mutual Fund App in India

Investing in mutual funds is a great way to secure your financial future. Investors are becoming more popular as people become more aware of it.

It takes time, knowledge, expertise, and patience to choose a direct SIP plan. You will also get other benefits and higher returns with this plan.

You should also choose an app that allows you to invest in direct mutual funds online. We have listed the top mutual fund apps. These mutual funds can be invested in and you will get excellent returns.

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