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- By: Ankita Chakraborty In: Lists, Software and Apps Lists
- Published On: May 10, 2023
- Last Updated: May 10, 2023
It’s crucial to maintain a diversified portfolio that includes a range of investment styles such as growth and value funds from multiple asset management companies. This diversification should extend across various market capitalisations, encompassing large, mid, and small-cap funds. Moreover, it’s imperative to invest in funds that span multiple geographies, while also allocating across different asset classes, such as equity, debt, and gold.
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Hence, it’s a wise decision to venture into the world of mutual fund investments. With the help of security measures and encryptions, these mobile applications have gone above and beyond to ensure the sanctity of your transactions. By transferring the mutual fund units directly to your bank account, they guarantee the safety of every penny invested. In addition, the Securities and Exchange Board of India (SEBI) diligently scrutinises all transactions to ensure that no foul play takes place, enabling you to breathe easy and embark on this investment journey without the slightest hint of apprehension.
Today, mutual funds are considered the preferred investment option in the financial world. The popularity of this investment avenue can be attributed to several factors, but a key driver is the attractive returns it offers investors in the end.Experts recommend investing in mutual funds for financial stability but finding the right one can be challenging with so many investment apps available. Fortunately, we’ve made a list of all the trusted apps that could solve your financial problems. It’s never been easier to invest in mutual funds and achieve your financial goals with just a few clicks. Say goodbye to financial worries and hello to a stable future with these apps.
Table of Contents
1) Coins by Zerodha
Zerodha is a popular investment platform that offers a simple way to invest in mutual funds. If you already have a Zerodha account, you can easily use the Coin application, which is perfectly compatible with it. Just log in to your account on the app, and you’re good to go.
The Coin app by Zerodha allows you to create and modify your SIP anytime you want. It also provides access to a variety of financial schemes, including ELSS funds and tax filing instructions. The app features a fine-tuned user interface that is easy to navigate and a dedicated investment calculator to help you understand different schemes.
");}With its user-friendly interface and helpful features, the Coin app by Zerodha is a great choice for anyone looking to invest in mutual funds. Whether you’re a seasoned investor or just starting out, this app makes it easy to manage your investments and achieve your financial goals. So why wait? Download the Coin app by Zerodha today and take the first step towards a more secure financial future.
Rating – 4.2
Also Read:Online Shopping Apps: Top 10 Shopping Apps in India for Convenient and Secure Purchases
2) Groww
If you’re new to mutual fund investment, Groww is a user-friendly app that’s perfect for you. It has a simple and easy-to-use interface that lets you manage your financial planning with minimal hassle. The app features a dashboard that shows all your investments and annual returns in one place. All you need to do to register on the app and complete the KYC verification process.
Groww is also highly secure, with 128-bit SSL encryption to protect your financial information. With its ease of use and simplicity, Groww could be the perfect app for investing in mutual funds and starting SIPs. Download it today and take the first step towards a more secure financial future!
Rating – 4.5
3) ET Money
ET Money is a fantastic platform for investing your money. It’s an award-winning app developed by Times Internet and managed by the Economics Times publication. With ET Money, you can easily set up your account and create your financial portfolio.
The app’s unique financial calculator suggests various mutual fund investment plans based on your goals. It also easily integrates with payment apps like GPay, PhonePe, and Paytm. One of the app’s best features is the personalised section that shows you the best-performing mutual funds to invest in based on their historical performance. Overall, ET Money is a great app for investing in mutual funds.
Rating – 4.6
4) Paytm Mutual Funds
Paytm is a popular app that many of us use regularly for making payments. However, it also offers additional financial services that are easily accessible through its Paytm Money app. Installing the Paytm Money app allows you to access various investment schemes and create your financial portfolio. Moreover, the app offers a 1% higher return compared to other investment platforms. With these features, the Paytm Money app can be a great choice for managing your finances.
Rating – 3.7
5) Cash Rich
CashRich is a popular investment platform that uses a secure platform provided by the Bombay Stock Exchange for processing transactions. This means that your money moves directly from your bank account to the mutual fund house and back, ensuring a safe and efficient transfer process.
One of the key benefits of using CashRich is its user-friendly interface. The app is easy to navigate, making it simple to find the information you need and invest in funds that align with your financial goals. You can also set up recurring investments and track your portfolio performance in real-time.
Rating – 4.8
Also Read:SBI Balance Enquiry: How to Check State Bank of India Balance via Toll Free Numbers, SMS, Net Banking, App, USSD Codes and more
6) Kuvera
Kuvera is an investment app that lets you invest on behalf of your family members. You can choose from over 5000 mutual funds and invest without any hidden charges. The app offers different investment types like SIP, STP, and SWP to achieve your investment goals. The app takes the security of its users seriously and uses high-grade encryption to protect your account.
Rating – 4.3
7) myCAMS
The myCAMS app is a trustworthy option for investors who are looking to grow their mutual fund portfolio. Despite its slightly dated layout, the app offers a range of security features to ensure that your investments are kept safe. These include PIN and pattern unlock, two-factor authorisation, and biometric lock, making it difficult for others to access your account without your consent.
Like other apps on this list, myCAMS also allows you to easily open new folios and purchase SIPs with minimal formalities involved. Whether you are a beginner or a seasoned investor, the user-friendly interface of myCAMS makes it easy to navigate and manage your portfolio on the go. With a range of mutual funds to choose from, you can easily diversify your investments and work towards achieving your financial goals.
Rating – 4.0
8) KFinKart – Investor Mutual Funds
KFin Technologies is a well-known company in the financial sector, offering specialised services such as Mutual Funds, Corporate Registry, NPS, and more. As the largest registrar and transfer agency in the industry, KFin Technologies has become a market leader by providing exceptional investor servicing.
Rating – 4.9
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9) Upstox
Upstox is a versatile investment platform that not only lets you invest in mutual funds but also in stocks, IPOs, F&Os, commodities, and more. The app offers a user-friendly interface, with each investment option having its dedicated section. You can easily track your mutual fund investments and stay updated with current market trends through the live charts available on the platform. The best part? It’s completely free to create an account.
With renowned names such as Ratan Tata backing the platform, Upstox has quickly become a popular choice among investors. It also provides a dedicated learning section called UpLearn, where you can gain knowledge about trading and investment options.
Rating – 4.3
10) Angel One
Angel One, formerly known as Angel Broking, is a comprehensive investment app that offers a range of investment options, such as stocks, IPOs, and mutual funds. It enables users to invest in various types of mutual funds, including small-cap, large-cap, mid-cap, hybrid funds, debt funds, and liquid funds.
The app features a well-organised portfolio that allows users to quickly check their mutual fund investments and track their progress. In addition to investing, Angel One’s Smart Money section provides valuable insights for beginners on the stock market and trading options, including mutual funds, to help them increase their wealth.Moreover, Angel One has collaborated with Sensibull to provide expert advice and trading strategies to its users, ensuring that they are making informed decisions.
Rating – 4.3
FAQs
1) Is it safe to invest in mutual funds?
SEBI is a regulatory authority that oversees mutual funds to make sure they operate within certain rules and follow strict investment policies. This helps investors feel safe and confident about investing in mutual funds.
2) Can you directly invest in mutual funds?
You can invest in mutual funds in two ways. The first is called a “Direct Plan” where you invest directly without any middleman. The second is a “Regular Plan” where you invest with the help of a mutual fund distributor or agent.
3) Which app is best to invest in mutual funds?
Zerodha, a leading stockbroker in India, provides a hassle-free platform for investing in mutual funds through its app Zerodha Coin. Users can easily open their mutual fund portfolio with minimal account opening charges and enjoy free SIP investments. With a user-friendly interface, Zerodha Coin allows investors to track their mutual fund investments and analyze their portfolio performance.
4) How to track all your mutual funds in one place?
MFCentral provides investors with the option to access and download their mutual fund Portfolio and Consolidated Account Statement (CAS) from its online portal (https://www.mfcentral.com/). This online service hub is a collaborative effort between KFintech and CAMS, which allows investors to easily transact across all their folios from various mutual funds in a single platform.
Comments
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As a seasoned financial expert with a deep understanding of mutual fund investments and related topics, I can confidently address the concepts mentioned in the article.
The article discusses the importance of maintaining a diversified portfolio in mutual fund investments, considering various investment styles, market capitalizations, geographies, and asset classes. It emphasizes the security measures and encryptions implemented by mobile applications to ensure the safety of transactions in the realm of mutual fund investments.
Let's break down the key concepts and discuss them in detail:
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Diversification in Mutual Fund Investments:
- Diversification involves spreading investments across various assets to reduce risk. In mutual funds, this could include different investment styles (e.g., growth and value funds), market capitalizations (large, mid, and small-cap funds), geographies, and asset classes (equity, debt, and gold).
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Security Measures and Encryptions:
- The article underscores the importance of security measures and encryptions in mobile applications for mutual fund investments. This ensures the safe transfer of mutual fund units directly to the bank account, and the Securities and Exchange Board of India (SEBI) scrutinizes transactions to prevent foul play.
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Popularity of Mutual Funds:
- Mutual funds are positioned as a preferred investment option in the financial world, offering attractive returns. Experts recommend mutual funds for financial stability.
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List of Trusted Apps for Mutual Fund Investments:
- The article provides a list of recommended apps for mutual fund investments, including Coins by Zerodha, Groww, ET Money, Paytm Mutual Funds, Cash Rich, Kuvera, myCAMS, KFinKart, Upstox, and Angel One. Each app is briefly described along with its rating.
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Frequently Asked Questions (FAQs):
- The FAQs address common queries related to the safety of investing in mutual funds, the ability to directly invest in mutual funds, recommendations for the best app to invest in mutual funds, and guidance on tracking all mutual funds in one place.
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Individual App Descriptions:
- Detailed information is provided for each app, including its features, security measures, user interface, and a rating. This includes Zerodha's Coins app, Groww, ET Money, Paytm Mutual Funds, Cash Rich, Kuvera, myCAMS, KFinKart, Upstox, and Angel One.
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Investment Platform Features:
- Each app is highlighted for its specific features, such as user-friendly interfaces, financial calculators, integration with payment apps, personalized suggestions, security measures, and the ability to invest in various types of mutual funds.
By covering these concepts, the article aims to guide readers in making informed decisions about investing in mutual funds through secure and user-friendly mobile applications.
