Top 9 Best Mutual Fund Apps In India 2023.

Best Mutual Fund App In India : As we all known that investing in the stock market in never easy for a person with limited knowledge. If you want to invest in Indian stock market you have to do lots of research & Fundamental Analysis. Even you have to taken advise of financial advisor. Investing in the mutual fund is another way to invest in the stock market.

“A mutual fund is an investment bucket fills with many investor’s money. In mutual funds many people invest their hard earned money collectively in the stocks market. “

Mutual funds is managed by high quality people called Fund Manager. Fund Manger collect your money and invest into a particular sectors of stocks like Banking sector, Agricultural sector & Finance sectors Etc.

Mode of Investment in Mutual Funds

There is two type of investment modes in mutual Funds-

1. One-Time Investment Plan- If you have a big amount Like 1 lakhs Rupees, then you invest this money one- time and your money will grow.
2. Systematic Investment Plan (SIP)- This is the best way to invest in mutual fund. This method will reduces you risk. In this mode you can invest your money in monthly basis.

Types of Charges in Mutual Funds

There are four Types of charges implemented on Mutual Funds-

• Exit Load- 1% to 2% if redeemed within one Year, Large number of funds have up to 1% Exit load.
• Stamp Duty- 0.005% (from 1 July, 2020)
• Expense Ratio- As per SEBI Up to 2.5% for an equity fund, and Up to 2.25% for a debt fund. Generally Expense Ratio is less than 1%.
• Tax Induced – If you redeem within one year it is taxable at rate 15%, while if you redeem after one year you comes under LTCG tax of 10% on return of Rs 1 lakh+ in a financial year.

List of Top 9 Best Mutual Fund Apps In India 2023

Best Mutual Fund App 1# – Groww : Stocks & Mutual Fund

Currently Groww Mutual Funds Apps is growing very fast in terms of Stocks and Mutual funds. It has the variety of products in the Mutual funds Range like High return Mutual funds, Large cap Funds, Mid cap funds , Small Cap Funds and Tax saving Funds Etc.

You can also Import Your Mutual Funds in Groww App. And you will Invest in New Fund Offerings (NFO).

You can also Compare Mutual funds between 2 products. This comparison gives you detailed insights like NAV, Returns, Risk, Rating and Pros & Cons.

Google Play Store

Reviews Rating- 4.4/5 (906,085 Reviews) Downloads- 10M+

Best Mutual Fund App 2# – ET Money : Mutual Funds & SIP

ET Money is yet another very good mutual funds and SIP App in India. It is also growing very fast because of their user interface. In this app you can easily navigate and find your product as you like.

In this app you find free and paid interface, With the Paid interface you can easily track you portfolio without tracking the Market.

One more feature you would like in ET Money Apps Earn 11%p.a . In thisf In this feature you can lent you money as small Loan to a verified borrowers. This will Decrease you portfolio risk.

You can also see more product range in ET Money App

• National Pension System
• Fixed Deposit
• Tax Saving Maximizer
• Term Life Insurance
• Health Insurance

Google Play Store

Reviews Rating- 4.4/5 (175,421 Reviews) Downloads- 10M+

Best Mutual Fund App 3# – Coin by Zerodha : Mutual Fund and SIP

Coin is a Mutual Fund product of Zerodha. In Coin you can invest in Commission- free Direct Mutual Fund. In Regular mutual funds commission can be up to one percent(1%) and it will compounded each year.

In Coin you can invest in Government- Securities (G-Secs) with Bonds and T- Bills.

There are more option available in Coin like-

• Corporate Bonds
• ETFs
• SGB

Google Play Store

Reviews Rating- 4.1/5 (24,618 Reviews) Downloads- 1M+

Best Mutual Fund App 4# – Angel One : Stocks, Mutual Funds

Angel One is one of the most Famous Stocks and Mutual Fund App in India. Angel One also provide Direct Mutual Funds with Zero Commission and Zero Fees.This app has all the variety of product like you can invest with Rs.100 only. You can easily differentiate products with filters available in the app.

You can invest in Index funds in Angel One. You can also invest in NFOs.

Google Play Store

Reviews Rating- 4.3/5 (578,133 Reviews) Downloads- 10M+

Best Mutual Fund App 5# – Paytm Money : Stocks, MF, IPO

Paytm Money is also very Famous Stocks and Mutual Funds app in India. In Paytm Money apps you can invest in mutual Funds, Stocks, IPO and NPS retirement Funds.

There navigation system is also user and mobile Friendly.

Paytm Money offers to their users-

• Free Account Opening
• Free Platform Fees For 30 Days
• Free Brokerage For 30 Days

Google Play Store

Reviews Rating- 3.9/5 (174,059 Reviews) Downloads- 10M+

Best Mutual Fund App 6# – Kuvera : MFs, FDs, Stocks

Google Play Store

Reviews Rating- 4.5/5 (13,201 Reviews) Downloads- 1M+

Best Mutual Fund App 7# – INDmoney : Stocks, Mutual Funds

INDmoney is also one of the fastest growing Investment and Mutual Fund App in India. In this app you can also invest in US stocks.

There are variety of Product range in the INDmoney Apps

Google Play Store

Reviews Rating- 4.5/5 (160,379 Reviews) Downloads- 5M+

Best Mutual Fund App 8# – myCAMS Mutual Fund App

myCAMS is a Financial products of Computer Age Management Services Limited. myCAMS is single platform to invest in different Mutual Funds Schemes. This app is very easy to use, you can also navigate easily to different products.

There are various features of myCAMS like secure environment, quick payout, set up an SIP, redeem and open new folios. You can also schedule your transaction for Future.

Google Play Store

Reviews Rating- 4.0/5 (80,764 Reviews) Downloads- 5M+

Best Mutual Fund App 9# –KFinKart Investor Mutual Funds

KFinKart Investor is a mutual funds product of KFin Technologies Limited. It is also a growing mutual fund app in India.

You can easily navigate in the apps and find your desired products range. There interface is very user-friendly.

You can invest in the apps

• IPO
• Mutual Fund Central
• National Pension Systems

Google Play Store

Reviews Rating- 4.1/5 (55,210 Reviews) Downloads- 1M+

Conclusion

In this article we provided important insights about top apps for mutual funds in India. Before you investing in the Mutual Funds, get counsult with your Financial Advisor. And also remember

Mutual Funds are subjected to Market risk.

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