Best Direct Mutual Funds Apps in India for better Returns on Investments
The Big Shift in Indian Market from “saving money” in bank accounts, to “investing money” in stocks/mutual funds is already on the way. In such scenario, to be ahead of the crowd, and gain extra returns we must switch to “smart investing money” .
Now, Mutual Funds are one of the most recommended ways to start “investing” instead of saving. The convenience to start, ease of usage, and the relative stability of returns have made it the new favorite of the latest generation individuals.
Mutual Funds are classified into 2 major categories based on their distribution –
- Direct Mutual Funds
- Regular Mutual Funds
Difference Between Direct Mutual Funds Vs Regular Mutual Funds
A Regular Mutual Fund is a mutual fund where in the Asset Management Company (AMC) which runs the mutual fund categorises your investment as coming from a “Distributor” . The Distributor keeps on getting commission on your investments as long as you stay invested.
A Direct Mutual Fund on the other hand is considered by the AMC as a non-distributor customer. Thus, since the investment is not coming via a distributor/agent. Their is NO commission involved, and you earn higher returns on your investments as compared to Regular Mutual Funds.
Thus, it is common sense to invest in Direct Mutual Funds if you do the investments on your own without any adviser/agent. With the host of new apps being available , we recommend you the Best Mutual Funds Apps to Invest in Mutual funds which are secure, trustworthy and reliable so that your hard-earned money is in safe hands, while the returns are better simultaneously.
Best Mutual Funds Apps in India to Start Investing in Mutual Funds and get Higher Returns!
Paytm Money : Direct Mutual Fund Investment App
| Features | Pros & Benefits | Charges & Cons | Total Score |
| Payment Methods : UPI, NetBanking, Debit Cards | All the funds are direct funds | Some Franklin Templeton Mutual funds are missing | 8.5/10 |
| Paytm Investment Packs for Investment Guidance on Tax, Short-term investments | No Annual Maintenance Charges or Payment Gateway Charges |
Groww : Direct Mutual Fund Investment App
| Features | Pros & Benefits | Charges & Cons | Total Score |
| One of the oldest app with all Direct mutual Funds investments | Highest Number and Choice of Mutual funds to choose from across all the apps | No UPI Payment / Debit Card Payment Support | 8.25/10 |
| Best Portfolio tracker to compare your portfolio performance |
ET Money : All in One App : Mutual Funds + Bill Saver + Expense Organiser
Full of features – Mutual Funds, Expense Tracker, Personal Loan & more
| Features | Pros & Benefits | Charges & Cons | Total Score |
| Highest number of Features amongst all the apps – Track your spends, Invest in Mutual Funds, Purchase Insurance, Gold deposits in a single app. | Innovative Bill Calendar to track the credit card bill payments and other bills | The User Interface can be better . It is difficult to navigate to the desired features quickly. | 8.25/10 |
| One-click to buy Mutual Funds, Gold Deposits, and Insurance plans with comparison | Hassle free-personal loans (but we recommend not to use them due to higher interest rates) |
Piggy : Direct Mutual Fund Investing App
Hassle Free Mutual Fund Investing & EPF Tracking
| Features | Pros & Benefits | Charges & Cons | Total Score |
| Piggy just like Groww is a direct Mutual fund only app and platform to invest in Direct Mutual Funds | You get Free Rs.500 Mutual fund units, just for downloading the app and completing the registration! | The User Interface is dark colored and takes some time to get used to | 8/10 |
| Highest Number of Payment methods : UPI , NEFT , NetBanking, Debit Card and Piggy Coins! | EPF Tracker lets you track your EPFO balance – Employee Provident fund including your and your employer’s contribution | More documents required for KYC including Driving license, which was not required by other apps |
Mobikwik Money
| Features | Pros & Benefits | Charges & Cons | Total Score |
| Mobikwik money lets you invest in vast number of Direct Mutual funds in a safer and reliable way | Security & Hasslefree quick investing. | Least number of Payment methods : Only Net Banking is supported | 7.5/10 |
| Risk Based assessment and investment recommendation (Ideal for new folks) |
Thus, above are some of the best Direct Mutual Fund Apps in India to invest in Mutual Funds 2019. There are lots of many more options such as Coin by Zerodha, myCams, Kuvera . We have personally tried and invested into various schemes and ranked them based on the usability and credibility.