Top 7 Mutual Fund Apps for Direct Investment (2021)

List of Best Mutual Fund Apps for Direct Investment in India: As we all know, investing in mutual funds is one of the best ways to grow our money in the long term. And thanks to some of the best mutual fund apps in India, tracking, managing, and investing in different mutual fund schemes is a lot quicker and easier these days. Also, you can do all these activities in one application.

Whether you are interested in investing in regular funds or direct mutual funds, tHere are several mobile apps for these mutual fund investments on the Google Play Store that provide the advantage of buying and selling at your fingertips. Also, if you plan to invest in direct funds through these apps, they can also help you save an additional commission of 1% to 1.5%, which is a huge bonus.

What are direct mutual funds?

Direct vs regular mutual fund plans: Effective from the beginning of 2013, the SEBI had made it mandatory for all mutual fund houses to have two versions of each scheme, that is, direct plan and regular plan (or indirect plan).

In a Direct plan, you can invest directly in a low-cost AMC Mutual Fund scheme. Direct plans are cheaper than regular plans because you will be saving costs in terms of paying commissions to intermediaries. Looking at both plans, the difference in returns appears to be as low as 0.25%, which can go as low as 1%.

In the long term, these differences result in significant amounts. Therefore, it is clear that you should always bet on investing in Direct Investment Fund plans. (Take a look at what AMFI says about Direct plan here)

Top 7 mutual fund apps for direct investment:

From hundreds of mutual fund investment apps listed on the Play Store, we’ve selected seven of the best mutual fund apps for direct investment. Here is the list of the most competent mutual fund apps for Indian investors:

1. Groww- Direct Mutual Funds application

Groww Mutual-Funds App Logo

The Groww app is one of the fastest growing apps in the Indian mutual fund industry. And the credit goes to its clean user interface. This app helps you invest in mutual funds at no cost and is quite simple to use with minimal and hassle-free paperwork. All mutual fund information is available in a single investment application. Similar to the apps listed earlier in this article, the Groww app also allows everyone to invest in direct mutual funds with no commission and offers additional savings of up to 1.5% + compared to regular plans.

Key Features Include:

  1. Simple design, built with beginners and experts in mind
  2. Dashboard to track all your investments, annualized returns and total returns
  3. List of top mutual funds for different categories with the latest news and financial information

Total downloads: +10 million
Rating in the Google Play store: 4.3 out of 5 with a total of 3,50,672 ratings.

Here is the direct link to the app on the Play Store.

2. ETMONEY mutual fund application

ET Money mobile app logo

ETMONEY was founded by a group of passionate Entrepreneurs, IITians and Designers with deep experience in technology, mobile and financial services. Associated with a great brand of economic times, tThis mutual fund app is a single destination for all investments that help track and manage expenses using expense manager, invest in mutual funds via SIP or Lumpsum, save taxes with SIP on ELSS mutual funds, etc.

Total downloads: +5 million
Rating in the Google Play store: 4.5 out of 5 with a total of 1,22,341 ratings.

Here is the direct link to the app on the Play Store.

3. myCAMS Mutual Fund App

MyCAMS Mutual-Fund App Logo

myCAMS is a single gateway to invest in multiple mutual fund schemes. The app provides faster, easier and smarter ways to transact on direct funds.

There are several myCAMS features including PIN and mobile pattern login, a view of your MF portfolio, opening new posts, purchasing, redeeming, switching, configuring SIP, and more. It also helps in scheduling the transaction option that allows investors to set up future mutual fund transactions.

Total downloads: +1 million
Rating on Google Play Store: 4.3 out of 5 with a total of 73,805 ratings.

Here is the direct link to the app on the Play Store.

READ ALSO

4. KFinKart- Investor mutual funds

KFinKart Investor Mutual-Funds App Logo

The primary goal of this app is to simplify the mutual fund customer journey. It is a one-touch login application that allows you to invest in a large number of mutual funds and provides a new way to invest your money. It also emphasizes in a single view of your investments, manages the profile, makes decisions and performs transactions instantly without the need for multiple applications offered by different funds houses.

The peculiarity of this application is to make the most of your time and money by linking and tracking your family folios through AMC, investing in NFO, transacting or reinvesting, starting or stopping SIP, etc.

Total downloads: +1 million
Rating on Google Play Store: 4.3 out of 5 with a total of 42,253 ratings.

Here is the direct link to the app on the Play Store.

5. Zerodha Coin

Zerodha Coin Mutual Fund App Logo

In my opinion, the Zerodha coin is one of the best applications for investing in direct mutual funds. They offer investment services in more than 3,000 direct mutual funds without commissions in 34 fund houses. This can help you save up to 1-1.5% more per year compared to regular mutual funds. With over 1.50,000 investors who have invested over Rs 2,500 crore and collectively saved over Rs 30 crore in commissions, Zerodha Coin has already built a great brand and customer base.

Key features of the app include:

  1. Search, filter and buy from over 3,000 fee-free direct mutual funds at 34 AMC.
  2. A single statement of capital gains, absolute and annualized profit and loss displays, and returns (XIRR).
  3. Mutual funds are held in Demat form and are therefore easier to pledge as collateral for loans against securities.

Total downloads: +1 million
Rating in the Google Play store: 4.0 out of 5 with a total of 14,996 ratings.

Here is the direct link to the app on the Play Store.

Note: You can open your account with Zerodha to invest in stocks and direct mutual funds using this quick link.

6. PayTM Money Mutual Funds App

PayTM Money Mutual-Funds App Logo

Paytm Money, offered by the Paytm group, is turning out to be one of the most trusted platforms in India, providing up to 1% higher returns by investing in direct plans of mutual fund schemes with no commissions or fees on buying and selling. direct mutual fund plans.

It offers many features to the client, including fully transparent tracking, data protection and privacy, switching from regular plans to direct plans, SIP investment tracking, management and automation, etc.

Total downloads: +10 million
Rating in the Google Play store: 3.8 out of 5 with a total of 1,02,148 ratings.

Here is the direct link to the app on the Play Store.

7. Karvy KTrack Mobile App

KTrack Mutual Fund Mobile App Logo

The primary purpose of the Karvy KTrack mobile app is to manage your clients’ investments in mutual funds. This application offers new ways to invest your money. With just one touch login, you can invest in thousands of mutual funds. It provides a single view of your management, investment, decision-making and transaction profile instantly without the need for multiple applications.

The app has a rich user interface and many features like one-touch login or login via Facebook / Google account, rich navigation, provides a wallet dashboard, helps in tracking your transaction, NAV Tracker, etc.

Total downloads: +1 million
Rating in the Google Play store: 4.3 out of 5 with a total of 42,253 ratings.

5 Paisa Astronaut Announcement

Here is the direct link to the app on the Play Store.

Bonus: Additional Mutual Fund Applications

List of some other mutual fund applications for direct investment:

Some fast-growing startup apps that try to simplify mutual fund investing worth checking out:

  • Scripbox: 4.6 / 5 from a total of 6,517 reviews (Playstore)
  • Kuvera: 4.5 / 5 from a total of 10865 reviews (Playstore)
  • Sqrrl: 3.9 / 5 with a total of 1,774 reviews (Playstore)
  • Goalwise: 4.3 / 5 from a total of 1,155 reviews (Playstore)

That’s it for this post. Let us know which is your favorite mutual fund app in the comment section below. Happy investment!

Leave a Comment

x