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7 Best Mutual Fund Apps For Direct Investment In Year 2020
Hey everyone! Hope you all are doing well. Saving money is always a good thing. And there are multiple options for that. Investment is one such way to save our money. When talking about investment, the mutual fund is considered as one of the best ways. In this article, I’m going to share 7 best mutual fund apps for direct investment. Without wasting any time let’s dive into the article.
What is a Direct mutual fund?
We all know about mutual funds. Now the question arises, what is a Direct mutual fund? So, I will answer that for you. As per SEBI, there are two types of mutual funds. One is Regular mutual fund and the other one is Direct mutual fund. With the Direct mutual funds, investments can be made at very low cost in any of the available mutual fund plans. Here you need not pay any commissions to intermediates. So, your benefits are greater. Moreover, for a long term benefit, Direct mutual funds are better as the Direct mutual fund plans are always cheaper than the Regular ones.
There are so many apps available on the internet for mutual funds. Add it is the matter of our hard-earned money, we should always do some research before investing. Don’t worry, you need not do that because I’m here for your help. I have done all the required research and selected 7 best Direct mutual fund apps that you can use without a second thought.
These apps are going to help you in your mutual fund investment. You can easily manage and track your investments from the app. Moreover, using these apps will just save the commission amount. All these apps are among the top ones and very reliable for Indian investors.
Here is the list of 7 Best Mutual Fund Apps For Direct Investment:
| App Name | Download Link |
|---|---|
| Zerodha Coin Mutual Fund | Download Now |
| Groww Mutual fund | Download Now |
| myCAMS Mutual Fund | Download Now |
| Paytm money Mutual Fund | Download Now |
| ETMoney mutual fund | Download Now |
| Kuvera Mutual Fund | Download Now |
| KFinKart Mutual Fund | Download Now |
This is the list of 7 best mutual fund apps for direct investments. Going further I will discuss every app in detail.
So, let’s start with the detailed information of these best Direct mutual fund investment apps.
#Trending List Of Mutual Fund Apps In India To Invest In 2020
1. Zerodha Coin:
The very popular name in the field of mutual funds apps is the Zerodha Coin app. You can download the Zerodha Coin app from the Play Store or the link below. It has a rating of 3.9 out of 5. The app has already made a good customer base. In the Zerodha app, the mutual funds are held in the Demat account. There are more than 1,50,000 people associated with Zerodha, who have already invested. The above 2500 crore investment has already been made. Zerodha mutual fund app had more than 3000 Direct mutual fund schemes to invest in. All these Direct mutual funds plans are commission-free, so you can easily save 1-1.5% annually. You will get the option to invest in more than 34 fund houses. There are various features like search, filter, single capital gain statement, annualized returns, P and L visualization, and much more.
2. Groww Mutual Fund App:
One of the most renowned mutual fund apps is the Groww app. The app is available on the play store. I will also give you the download link below. Groww app has an overall rating, 4.6 out of 5. Groww is going to be the one-stop destination for everything related to mutual funds. The app will deliver you with all the latest updates and news related to mutual funds and finance. The interface and design of the app are very simple and user friendly. Apt for beginners or even experts. On the app, you will see the top mutual funds list according to the different categories they belong to. Invest your money in Direct mutual funds for free, there are no commission or hidden charges. You can view all your mutual funds through this app. The dashboard makes it easy to understand, manage, and track the investments. One can even track the annual and total returns on the investments. Make hassle-free investments using the Groww app.
3. myCAMS Mutual Fund App:
One of the most trusted and genuine platforms for mutual fund investments is myCAMS mutual fund app. You can download the app from the Google play store or the link given below. myCAMS mutual fund app has a Google play store rating of 4.4 out of 5. More than 43,000 user ratings are there. This app is very easy to use, the interface is quite a user friendly. Even a beginner can use this app very effectively. The app is fast and reliable. One can set up a PIN or pattern login to the app. With this app, one can easily invest in multiple mutual fund plans. You can also set up automatic scheduling of your next installment. You can easily set up your Mutual Fund portfolio or even you can open a new portfolio. With myCAMS mutual fund app, one can purchase, redeem, switch, and set up your SIP. This is a great option if you want to make investments in Direct mutual funds.
4. Paytm Money Mutual Fund App:
Paytm is among the 7 best mutual fund apps for direct investments. We all generally use Paytm for our daily online banking needs. But Paytm can also be used as a platform to invest in mutual funds. The Paytm download link is given below. Paytm has a rating of 4.3 out of 5 on Google Play store. Paytm has a very strong and established customer base. It offers about 1% higher returns on Direct mutual fund investments. You can select from the different Direct mutual fund plans. There are no extra or hidden commission charges on your investments or withdrawals. One can switch from Regular mutual funds to Direct mutual funds at any time. Paytm allows you to track all your investments easily. Tracking, managing, and investing in SIPs is made easy with Paytm. It is a highly secure and safe platform.
5. ETMoney Mutual Fund App:
ETMoney is one of my favorite mutual fund app for direct investments. This app is available on play store or you can simply download it from the below link. The app has more than 82,000 ratings, which is 4.6 out of 5. And that very amazing. I’m using this app for quite a while now. What I loved the most about it is, that various IIT experts and entrepreneurs have put in their knowledge and efforts in developing this masterpiece. ETMoney is associated with Economic times. The is very easy to use and you can completely rely on it for your investments. You can carry on your transactions very seamlessly. This app is going to help you in managing and tracking your expenses, which is a great thing. You can invest in Direct mutual funds through SIPs of even through Lump-sum. Also with SIP investments, you can save your tax too.
6. Kuvera Mutual Fund App:
Next in my list of best 7 mutual fund apps for Direct investments is Kuvera. Kuvera mutual fund app is a renowned finance company. Download the app from the below link. The overall Google Play store rating is 4.1 out of 5. Kuvera allows you to invest in multiple mutual funds under different find houses. You can easily manage your profile and investments with this app. It helps in seamless transactions. Nav tracker helps in tracking all the transactions. Kuvera has an amazing feature of one-touch login. You can register yourself in the app using your Facebook or Google account. The dashboard makes it easy to use and navigate.
7. KFinKart Mutual Fund App:
KFinKart is the most trusted and reliable mutual fund app. Download the app from the Google play store or the below link. It has an overall rating of 4.1 out of 5. The app mainly focuses on providing the best customer experience. This app is going to change your experience and journey of the mutual funds. You can easily log in on this app with just a single touch. You can make your investments in different mutual fund plans and schemes. KFinKart allows you to start or stop a SIP. It has a very unique feature, through which one can link, track, and manage family folios in different AMCs. The app allows you to invest in NFOs also. Easily manage your mutual fund profile with KFinKart. Here one can make decisions and transactions very effectively.
Other than these apps, there are few good apps in the market such as
- Sqrrl
- FundsIndia
- InvesTap
- HDFC MF mobile
- Scrip box
- Easy App
- IPRU touch
These are the additional apps, which are good and can be trusted. But I would prefer the previous list for direct investments.
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Conclusion:
So, these were my list of 7 best mutual fund apps for Direct investments. The apps are not mentioned according to the sequence. So, you can use any of them. All are handpicked and provides you with the best user experience. Start saving and start investing.
Hope this was helpful for you.
