The Best Apps to Buy Mutual Funds

Investing in mutual funds has become easier these days. Rather than going to a mutual fund company, one can now invest in mutual funds from the convenience of their own home.

Here is a list of some of the finest mutual fund applications for direct SIP that you can try:

1.) Groww App

The Groww app is the most secure stock trading platform available. It allows an investor to rapidly and conveniently buy and sell stocks. Stocks on the NSE and BSE are available for purchase.

This app allows you to invest without using any paper. It also keeps track of the performance of the most popular mutual funds.

It also allows investors to calculate returns using a mutual fund SIP calculator. It also publishes the most recent news in the stock market and finance.

Furthermore, the Groww app’s transactions are protected by 128-bit SSL encryption, making it the safest app for direct SIP investments.

Features

  • The app’s interface makes it simple to track your investments, annualised returns, and total returns.
  • Clients can select from a variety of alternatives, including STP (Systematic Transfer Plan), SWP (Systematic Withdrawal Plan), and NFO (New Fund Offer), as well as easy payment methods such as UPI transfer.
  • The software also allows you to buy or redeem several mutual funds, as well as start a new SIP.

2.) CAMS App

The CAMS app can provide investors with a variety of options to make the investing process easier. Investors’ questions are answered by the app’s customer service team.

It also covers everything from the fundamentals to the most advanced aspects of mutual funds, money management, and distributor news.

The CAMS app makes it simple to manage investments. It also does not store any personal information about investors.

An investor can also use this tool to plan out future mutual fund trades.

Features

  • The software assists clients in locating the best financial instruments, purchasing them, and managing them without paying any brokerage costs.
  • Customers may also get rapid loans and insurance policies, keep track of their spending, and enrol in direct mutual fund investment programmes with ease.
  • Systematic Investment Plans and lump-sum investments are also options for investing in mutual funds. SIPs in ELSS mutual funds might also help you save money on taxes.

3.) Kuvera App

For a long time, the Kuvera app has been regarded as the premier online platform for experienced investors. It has a partnership with every investment firm, making direct SIP investments simple.

Tax harvesting, reporting, and tradesmart are also included in the app. Kuvera also gives out money to its investors. Reward points can be used to purchase paid features.

Features

  • Goal-based investments.
  • The software primarily assists in visualising target goals and the work required to accomplish them. You can see your progress curve with your growing investments.

4.) KFinKart App

KFinKart’s main goal is to make a user’s mutual fund investment path as simple as possible.

It has a one-touch login feature that allows clients to invest in a wide range of mutual funds.

Features

  • This app provides simple access to real-time market news as well as a consolidated picture of your investments. It also aids in the management of your portfolio and quick money transfers.
  • It also makes it simple to compare the Net Asset Values of several mutual funds on a single platform.

5.) CashRich

The CashRich app is India’s first mutual fund app, providing investors with a dynamic SIP technique for increased returns.

This software contains high-performing schemes organised into categories such as long-term, short-term, tax-saving, and so on.

Features

  • The CashRich app includes everything an investor needs, from calculating direct SIP returns to examining past performance of the schemes.
  • It makes investment recommendations based on the investor’s profile. It also allows for immediate money withdrawal.

6.) PaisaBazaar App

Because it offers a wide choice of financial products, PaisaBazaar is a popular app for mutual funds. Investing in a direct SIP through this app can protect an investor’s money.

It is also registered with SEBI, making it completely secure to invest in mutual funds through this app.

Features

  • The app provides a client with a variety of personal loan, business loan, insurance, and direct mutual fund scheme options.
  • Clients can open an online savings account, apply for loans, get insurance, and even check their credit score. Clients can open a savings account online, apply for loans, receive insurance, and even check their credit score. Furthermore, the chances of cross-selling and upselling are exceptionally high in this application. 

7.) Niyo Money

Niyo Money, an online investing app, can develop and manage investments based on the risk profile of the investor.

It monitors market performance on a regular basis and advises investors on where to invest. This software has a very secure payment gateway.

This app allows investors to invest in direct SIPs in a simple and hassle-free manner.

Features

  • The app provides the benefit of smart financial planning as well as additional returns on top of conventional finances.
  • It handles practically all of the tasks for you, such as asset allocation, rebalancing, and financial planning.

8.) PayTM Money App

It is quite simple to open a mutual fund investment account on the PayTM money app. By investing in a direct SIP here, you can receive 1% more in returns.

The advisory team of the PayTM money app also advises clients on portfolio strategy. This software charges no commission for purchasing and selling straight SIP.

This software allows you to invest in over 40 mutual fund firms. With its 24×7 real-time service, the Paytm money app has firmly established itself as one of the best applications for mutual funds.

Features

  • There are no commission fees when buying or selling direct mutual funds.
  • Transparent tracking, data privacy, conversion from regular to direct plans, management, and automation of Systematic Investment Plans are also features of the app.

9.) ET Money App

The ET money app has the highest number of ratings in the Play Store. This software uses an automated framework to provide investors with personalised finance plans.

The ET Money app offers a variety of services, including insurance products, loans, and more. When investing in a direct SIP, investors can take advantage of secure and convenient payment alternatives.

Features

  • The software assists clients in locating the best financial instruments, purchasing them, and managing them without paying any brokerage costs.
  • Customers may also get rapid loans and insurance policies, keep track of their spending, and enrol in direct mutual fund investment programmes with ease
  • Systematic Investment Plans and lump-sum investments are also options for investing in mutual funds. SIPs in ELSS mutual funds might also help you save money on taxes.
  • Investors can also get a full review of their mutual fund portfolios, as well as up to 1.5 percent extra annual returns.