With inflation only soaring, managing your finances is crucial. Planning for your future and ensuring your money grows can often sound difficult as you move through life. Yet, with the advent of technology, investing in mutual funds has become more straightforward, affordable, and transparent; thanks to multiple mutual fund app, you no longer need to depend on traditional investment management methods.
Why Choose Mutual Funds?
Let’s begin with discussing what is mutual fund?
A mutual fund scheme is an investment tool that collects money from various investors and infuses it into a diversified portfolio of securities. They are looked after by professional fund managers who allow retail investors to gain exposure to various asset classes with lower risk and cost than direct investing.
Here is why you should consider mutual funds investment:
- Diversification: A diversified portfolio lowers the risk by spreading investments across different asset classes.
- Professional Management: Expert fund managers decide on investment on your behalf.
- Affordability: You can begin your investment journey with smaller amounts than other investment avenues. This makes mutual funds accessible to even those with an average or very low financial background.
- Liquidity: Equity mutual fund schemes, except for equity-linked savings schemes (ELSS), allow you to redeem your investments whenever you want. However, ELSS comes with a three-year lock-in period.
How to Choose the Best Mutual Fund Apps?
When selecting the best app for mutual funds, consider the following factors:
- User Interface (UI): The app must be easy to explore and user-friendly.
- Security: Ensure the app has advanced security measures to protect your financial and personal data.
- Investment Options: The app should offer various mutual funds to suit various risk appetites and investment strategies.
- Charges: Pay attention to hidden charges or fees for fund transactions and account maintenance.
- Customer Support: Efficient customer support can help resolve issues promptly and ensure a smooth experience.
Best Mutual Fund Apps
The five best mutual fund apps you may consider in 2025 are:
HDFC SKY
HDFC SKY is a digital platform introduced by HDFC Securities to provide its customers a seamless and comprehensive investing experience. The platform was launched to enhance customer engagement and offer various financial services through a single interface.
- Whether you want to open Demat account or invest in mutual funds, you don’t have to pay a rupee to proceed. Not only that but with HDFC SKY, the account maintenance charge for the first year is waived. There are also zero brokerage charges on exchange-traded funds (ETFs).
- You can access a large variety of mutual fund schemes. Whether you are looking for aggressive returns through small-cap funds or are a conservative investor seeking a debt-oriented scheme, you will find something that fits your risk appetite.
- The platform offers an easy-to-use return calculator. All you need to do is input the SIP or lump sum amount, enter the desired tenure, and estimate returns based on historical performance. You will then get the estimated corpus immediately.
- The platform provides a consolidated dashboard to view all your investments and keep track of their returns.
- If you are a first-time investor, the HDFC SKY helps you select the right scheme through their research team’s insights.
Groww
Groww is an investment platform introduced in 2016 by former Flipkart employees Harsh Jain, Ishan Bansal, Lalit Keshre, and Neeraj Singh.
What started as a direct mutual fund investment platform has evolved over the years, and today, Groww allows users to invest in ETFs, stocks, and mutual funds.
Some of the key features of this app are:
- Groww offers rich educational content, including blogs, videos, and tutorials to help you make informed investment decisions.
- Groww maintains clear and straightforward pricing with no hidden charges.
- The platform uses advanced security measures to protect your data and transactions.
Zerodha Coin
Zerodha Coin operates under its parent company, Zerodha. The platform was introduced by Nithin Kamath and Nikhil Kamath in 2017 to help investors start their mutual fund journey without any hassle. You can invest in direct mutual funds through this platform without paying any commission.
Some of the key features of Zerodha Coin are:
- If you are a DIY investor, the app allows you to manage your investments how you want. For example, you can pause, modify, or resume your SIPs with just a few clicks.
- Zerodha Coin simplifies mutual fund investments by helping you understand the complex jargon through Varsity and Zerodha Educate.
- Since mutual funds are kept in demat form on Coin, you can manage a single portfolio that includes mutual funds, ETFs, stocks, and bonds.
Paytm Money
Part of Paytm, the Paytm Money platform, was introduced in 2017 by Vijay Shekhar Sharma. Like other platforms, the app lets you make direct mutual fund investments without levying transaction fees. You can easily integrate this platform with the Paytm app and, just like managing your day-to-day expenses, keep track of your investments on the go.
Some of the key features of Paytm Money are:
- The app provides a detailed comparison of parameters such as previous returns, expense ratio, and the risks involved.
- You can compare the performance of different fund managers by reviewing their total AUMs, the number of schemes they manage, and the highest return from the scheme they have managed.
- You can start your investment journey with just ₹100.
Kuvera
Founded in 2017 by Gaurav Rastogi, Kuvera offers a combination of free mutual fund investments and personalised financial planning. The platform goes beyond basic transactions by providing tax-saving advice, retirement strategies, and portfolio rebalancing. Cred later acquired Kuvera.
Here are some of the key features of Kuvera:
- Kuvera has a team of experts who provide data-driven assistance when planning your objectives through mutual fund investments.
- Kuvera provides an option to set up family accounts, meaning multiple family members can invest and manage their investments in a single account.
- The Kuvera app is compatible with different devices, whether Android or iOS.
Conclusion
Choosing the right app for mutual fund investments can significantly improve your investment experience. The apps mentioned above offer a variety of features, from easy navigation to expert insights, ensuring you can manage your investments without any hassle. Whether you are a beginner or an experienced investor, these SIP app provide the tools to grow your wealth efficiently and securely.
