Technology has advanced in recent times. Now you can sit and make transactions on your mobile. You can use your mobile phone to do online shopping or attend education classes. You can also use your mobile and start investing. There are several mutual fund mobile Apps where you can invest in mutual fund schemes by a click of a button. In this article, we would detail about some of the best mutual fund mobile apps to invest in mutual fund schemes in India.
What are Mutual Funds?
Skip this section if you are already familiar with it.
Mutual funds are professionally managed investment options in which the money of investors is pooled together and invested in equity and related instruments. You might have a financial goal for daughter’s education or purchasing a dream home or want to plan for retirement ahead of time. Whatever might be your financial goal, you can achieve by investing in mutual funds as low as Rs 500 per month. Some investors think it is burden to open mutual fund open. If you are one among such investor, you can check for mutual fund mobile apps for investment.
5 Best Mutual Fund Mobile Apps to invest in India
Here are the list of top mutual fund mobile apps to invest in mutual fund schemes in India.
1)MyCams Mutual Fund App
If you are looking to invest in mutual fund schemes across mutual fund AMCs online with mobile App, Mycams could be the best bet for you.
You can invest in direct mutual funds through this App.
You can create new mutual fund portfolios.
You can invest in new mutual fund schemes.
You can view rich features of pie charts or consolidated statements of all your mutual fund schemes.
You can purchase or redeem mutual funds.
You can view capital gain statements.
There are many more exciting features, hence Mycams became one of the best mobile app for mutual fund investments.
2) KFinTech Mutual Fund App
This is another mutual fund app where you can invest in mutual funds by the click of a button.
You can invest in direct mutual funds through this KFintechApp.
You can invest in mutual funds by a click of a button.
You can redeem mutual fund schemes through this App.
You can view consolidated statements of all your mutual fund schemes invested through this App.
You can view capital gain statements.
There are several other features where you can check on google play before downloading this App.
3) ET Money Mutual Fund App
This mutual fund app is coming from the Economic Times Group.
You can invest through this app in 3 simple steps i.e. select the mutual funds to invest in, complete KYC process and make the payment.
You can track all mutual fund investments through this mobile App
The entire process to start investing takes less than 2 minutes.
Since this is from Economic Times which is trusted group, you can safely invest through this mutual fund mobile app.
4) FundsIndia Mobile App
FundsIndaiis India’s first and largest free online mutual fund platform.
You can purchase and create SIPs through this mobile App.
You can redeem your mutual fund schemes.
You can view consolidated mutual fund statements.
You can also invest in equity shares through this mobile app. This works like all in one mobile app for investments in equity and mutual funds.
5) Groww Mobile App
It is one of the fastest growing mobile app in India where you can invest in mutual fund schemes from various fund houses.
This has a clean interface and faster App response.
You can purchase, create SIPs and redeem mutual funds.
You can track all your investments, view dashboards, past performance etc.,
It would also provide recommendations about some of the Best SIP Plans and news regarding those funds.
Which Mutual Fund Mobile app you should use?
Don’t jump and start investing through these apps immediately. One should review these mutual fund mobile apps and once you feel it suits your requirement, you can invest through these apps.
1) See what features you like it in this mutual fund app.
2) Check for mutual fund mobile apps that offers investments in direct mutual funds where you need not pay any commissions to brokers. Most of the above mentioned apps offer investing in direct funds.
3) Avoid mobile apps that charge high transaction fees.
If you enjoyed this article, share it with your friends and colleagues through Facebook and Twitter.