In the fast-paced financing world, investing in mutual funds is becoming more popular among investors. When the investment is made via MF online platforms, it becomes incredibly convenient and seamless, catering to the needs of experienced and beginner investors. These apps make investment easy by offering tracking portfolio management, online tools and numerous options for schemes and investments. But, with many options available, how do you choose the right one?
Let’s explore the top 5 mutual funds platforms and their features to help you choose the right one for your requirements.
Why Choose Mutual Fund Apps?
Mutual fund applications are mostly used by investors because of the following reasons:
- Users can choose mutual funds and invest and manage their portfolios from anywhere.
- Reliable apps like Bajaj Finserv are committed to implementing robust security measures to protect users’ financial and personal details.
- Get detailed insights about the fund’s performance and historical data and make an informed decision.
- Take advantage of MF calculators and estimate your SIP returns.
Top 5 Mutual Fund Applications
Explore the top 5 online platforms that investors most prefer.
1. Groww
One of the most used applications that is known for its user-friendly interface. It is a platform designed to simplify the investment process for beginners and provide in-depth data for experienced investors.
Key Features
- User-friendly interface that is easy to navigate and has amazing features.
- Provide educational resources to train first-time investors and help them learn about investing.
- There is no transactional fee for fund investments.
Best For: First-time investors looking for an easy-to-use interface to learn about investing.
2. Zerodha Coin
One of the popular platforms offering advanced tracking tools and cost-effective investment solutions, making the process hassle-free for every investor.
Key Features
- Monitor and track your investment portfolio at any time.
- Offer numerous investment options, including equity, debt and hybrid.
- Convenient to use without any hassle.
Best For: Users who prefer a minimalist approach to investing.
3. Bajaj Finserv
Bajaj Finserv is India’s most used mutual fund app with an easy-to-use interface, robust security features, and a wide range of investment options. It is a one-stop platform for investors looking to invest in different securities.
Key Features
- Choose from a wide range of funds, including equity, debt, hybrid, tax saver, and NFO.
- Users can seamlessly open their accounts and start investing with the help of their user-friendly interface.
- Investors can easily manage and track their portfolios.
- Has over 1000+ mutual funds on a single platform.
Best For: Users looking for a comprehensive platform for secure financial planning.
4. Kuvera
Kuvera is an app that offers a straightforward user experience, simplifies the investment process and provides advanced portfolio management features.
Key Features
- Plan your SIPs or lumpsum payments with the online tools available.
- Charges no fees for fund’s transactions.
- Provides tax-saving strategies.
Best For: Investors looking for an app offering detailed analysis and value-comprehensive portfolio management.
5. ET Money
ET Money is a comprehensive app that offers numerous investment options and financial tools.
Key Features
- Does not charge any commission on the buying and selling of funds.
- Track your spending and manage your finances seamlessly.
- Provide recommendations tailored to your objectives.
Best For: Investors seeking a comprehensive investment planning solution.
Choosing the Right Application
Consider the below-mentioned tips to choose the right platform:
- The app must have an easy-to-use interface that is convenient for everyone to use.
- Opt for a platform with online tools like MF calculator to help you estimate your returns.
- The platform must implement robust security features.
- It should have a wide range of options and offer portfolio management.
Conclusion
Investing in mutual funds has become significantly easy with the help of online applications. Investors can conveniently create an account and start investing any time from the comfort of their homes. Choosing an app that seamlessly aligns with your financial goals and helps you maximise your wealth is essential. Follow the tips mentioned above and start your investment journey today!