Mutual Fund Investments Made Easier With These Apps! : AllAboutMen

We all know or have heard about mutual funds investments. It is a very easy way to grow your money. With the advancement in technology and internet, nowadays, investments are easier than ever. There are several mutual funds apps for these mutual fund investments in the google play store. Further, if you plan to invest in direct funds through these apps, they can also help you to save an extra commission of 1% to 1.5% which is a huge advantage.

Direct vs Regular Mutual Funds Plans

Since 2013, the SEBI has made it compulsory for all Mutual Fund companies to have two versions of each scheme i.e. Direct plan & Regular (or Indirect plan).

Direct plan gives you the opportunity to invest directly in a scheme of a Mutual Fund AMC at a low cost. The direct plans are cheaper than the regular plans because you can save on the commissions. If you look at both the plans, the difference in returns will be around 0.25% which can go up to 1%. But, in the long-term, these differences result in significant amounts. So, this clearly evident that you should always go for investing in the Direct plans of Mutual Funds.

5 Best mutual fund apps for direct investment

myCAMS Mutual Fund App

There are various features of myCAMS which makes it a great app. For example, mobile PIN & Pattern login, one view of your MF portfolio, open new folios, purchase, redeem, switch, set up SIP and more. There are features to help you in scheduling the transaction options which will allow investors to set up for future Mutual Fund transactions.

Google Play store ratings: 4.4/5 with a total of 43,253 ratings.

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KTrack mobile app by Karvy

This app comes with an Enriched UI and many features like One-touch login or Log In via Facebook/Google account, improved Navigation, and also has Portfolio Dashboard and helps you in tracking your transaction, NAV Tracker, etc.

Google Play store rating: 4.1/5 with a total of 17,918 ratings.

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Zerodha Coin

Zerodha coin is one of the best investment apps for direct mutual funds. You can get investment services in over 3,000 commission-free direct mutual funds across 34 fund houses. There are over 1,50,000 investors who have invested over 2500 crores and have saved 30+ crores collectively. This app has already built a big brand and customer base.

Google Play store rating: 3.9/5 with a total of 2,918 ratings

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Groww- Mutual Funds App

This is one of the fastest-growing apps in the Indian mutual fund industry. All the required information are available in just one investment app. Similar to all the apps in this article, Groww app also allows everyone to invest in direct mutual funds with zero commission and also offers an additional saving up to 1.5%+ compared to regular plans.

Google Play store rating: 4.2/5 with a total of 42,958 ratings

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PayTM Money Mutual Funds App

The Paytm app offers many features for customer which includes fully Transparent Tracking, Data Privacy & Protection, Switch from Regular to Direct Plans, Track, Manage & Automate SIP Investments, etc.

Google Play store rating: 4.3/5 with a total of 29,845 ratings

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Mutual Fund Investments Made Easier With These Apps!