Top Mutual Funds Apps to Boost Your Investment Portfolio in 2024

Mutual funds are a great way to begin your investment journey, and with the proper app, you can control your portfolio properly from your smartphone. These apps make it easy to analyse, spend money on, and track your mutual fund investments. They provide useful insights and statistics at your fingertips, supporting you make informed picks among the available funds. This blog will list down some of the top mutual fund apps available in India that can help you make smart investment decisions.

Top Mutual Fund Apps in India

The following is the list of mutual funds apps that are popular among people because of their commendable features and great customer support:

1. Tata Capital MoneyFy App

The Tata Capital MoneyFy App is one of the standout preferences for both beginner and skilled investors. This mutual fund app provides various useful features that make investing easy and potentially lead to capital gain. What sets  MoneyFy apart is its user-friendly interface. You can track your funding portfolio comfortably, and the app offers you the tools to make investments proactively. You can permit Auto Pay for your Systematic Investment Plans (SIPs), so this way you can never miss out on adding funding to your selected mutual fund investment plan. Plus, with strong digital protection protocols, your investments are secure and stable.

Key Features:

  • Compare fund returns and performance
  • Invest in top-performing funds
  • Monitor your investments in one place
  • Use calculators to plan your growth journey
  • Invest in New Fund Offers (NFOs) from various Asset Management Companies (AMCs)

2. Groww

Groww is another famous mutual fund app which truly gained lots of traction in India. It’s recognised for its easy interface and wide range of funding alternatives. Groww makes it easy to locate and examine mutual price options. You can clear out funds based on various standards, making it easier to locate the right fit for your funding dreams.

Key Features:

  • Direct mutual funds with zero commission
  • Easy-to-understand fund information
  • SIP and lump sum investment options
  • Goal-based investing tools

3. 5paisa

5paisa is a comprehensive funding app that includes mutual funds for its offering. It’s an excellent desire in case you’re trying to diversify beyond just mutual funds. The 5paisa app gives a wealth of insights that will help you make knowledgeable investment selections. 

Key Features:

  • Mutual fund investments with no commission
  • Real-time market updates
  • Research reports and recommendations
  • Option to invest in stocks and other securities

4. Zerodha Coin

Zerodha, recognised majorly for stock trading, also gives mutual fund investments through its Coin platform. It’s a great alternative in case you’re already using Zerodha for different investments. Zerodha Coin gives a straightforward manner to put money into the mutual funds. If you’re already familiar with Zerodha’s interface, you’ll find it smooth to add mutual finances to your investment mix.

Key Features:

  • Direct mutual funds at zero commission
  • SIP and one-time investment options
  • Easy-to-use interface
  • Integration with other Zerodha products

5. Axis Mutual Funds App

The Axis mutual fund app is offered by Axis Bank, one of India’s leading private sector banks. It’s a good desire if you’re in particular interested in Axis Bank’s mutual fund offerings. It’s a good preference if you’re already an Axis Bank consumer or in case you’re particularly interested in their fund services.

Key Features:

  • Invest in Axis Mutual Funds
  • Track and manage your portfolio
  • Set up SIPs easily
  • Access to fund factsheets and other research materials

How to Use a Mutual Fund App?

Once you have chosen your mutual fund app, it’s time to begin making an investment. Here’s a simple step listed to help you with using a mutual fund app.

  1. Create an account: First, download the app and create and account. To do this, you are supposed to fill up the personal information and complete the KYC (Know Your Customer) process.
  2. Explore the list of mutual funds available: Use the app’s research features to compare finances and comprehend their performance.
  3. Choose your investment strategy: To do this, it is recommended to gain complete knowledge about different mutual funds so that you can invest a lump sum or instalments everyday SIPs as per your financial goals.
  4. Select your funds and start investing: Remember to diversify your investments across different types of mutual funds to reduce the risk factor.
  5. Regularly monitor your investments: Use the app’s monitoring feature to keep an eye on how your mutual funds are performing.

Conclusion

Mutual fund apps have made investing more accessible than ever. Whether you’re a beginner or an experienced investor, these apps can help you build and manage your investment portfolio. Remember, investing in mutual funds carries risks, and past performance doesn’t guarantee future results. It’s always a good idea to do your own research and consult with a financial advisor before making investment decisions.

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