Which is the best Mutual fund app in India?

The most prevalent piece of personal financial advice is to invest in mutual funds. We can now easily follow that advice thanks to mutual fund applications.

But then there's the issue of plenty. There are far too many applications to pick from. Mbucks, Groww, Kuvera, Paytm Money, ETMONEY, and Zerodha Coin are some of the most popular mutual fund apps. Which mutual fund app in India is the best?

In this article, we'll go through all of the prominent Mutual Fund applications and help you pick the one that best fits your needs.



How do I know which of these Mutual Fund apps are legal and safe to use?

When we talk about safety, we're referring to the mutual fund investments we make.

The applications are just portals that facilitate mutual fund transactions. Mutual fund units are kept in your name, and the registrar and transfer agents keep track of them.

You will not lose any money invested in the funds if the app firm goes bankrupt. Finding a new tool or platform to manage your money might be a small pain. That's about the level of risk associated with using mutual fund platforms.

When it comes to the possibility of your savings disappearing due to a mutual fund platform, the chances are little to none.

Legally what are they?

  • As an investor, you should make sure that the app you're using is registered with the Securities and Exchange Board of India (SEBI).
  • They must be a registered financial advisor or a registered mutual fund distributor (MFD) (RIA).
  • Regular plans, which contain fees, are offered by a distributor, and those commissions can cut into your profits as an investor.
  • Check with SEBI to see if the platform you're considering for mutual fund investing is approved.

Parameters we use to compare the mutual fund apps:

  • ·        User experience & Onboarding
  • ·        Fund screening tools
  • ·        Investment performance data
  • ·        Value-added services
  • ·        Back-end technology
  • ·        Customer Service

However, if you are looking for regular investments, not just in Mutual funds but also in stocks & ETFs, and you are okay to have your mutual fund's units held in a Demat, we think Mbucks is the right mutual fund app.

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