Top 10 Best Mutual Fund Trading Apps in India – A Complete Guide

The growing interest in mutual funds among Indian investors has made it imperative to have the best tools for managing investments. One such tool is a mutual fund trading app in India. These apps have revolutionized the way we invest, enabling users to manage their portfolios, track returns, and even invest directly from their smartphones. With more apps emerging in the market, it can be overwhelming to choose the right one. In this guide, we will take you through the top 10 mutual funds apps in India to help you make an informed decision.

1. Top 10 Best Mutual Fund Trading Apps in India – A Complete Guide

The growing interest in mutual funds among Indian investors has made it imperative to have
the best tools for managing investments. One such tool is a mutual fund trading app in India.
These apps have revolutionized the way we invest, enabling users to manage their portfolios,
track returns, and even invest directly from their smartphones. With more apps emerging in
the market, it can be overwhelming to choose the right one. In this guide, we will take you
through the top 10 mutual funds apps in India to help you make an informed decision.


Best Mutual Funds App in India – List of Top 10 Mutual Funds Apps
With the increasing number of investors entering the mutual fund space, selecting the best
mutual fund trading app in India becomes crucial. Mutual fund apps make it easier for
people to manage their investments, monitor their portfolio, and stay updated on market
trends. The following is a curated list of the best mutual fund apps that stand out in terms of
features, user experience, and charges.

1. Groww - Best for Beginner Investors
Key Features:
User-friendly interface, ideal for beginners.
Allows investing in mutual funds, stocks, and ETFs.

2. Paperless KYC process.
Provides detailed performance data for mutual funds.
Pros:
Simple and intuitive design.
No commission on mutual fund investments.
Ability to invest in both direct and regular mutual funds.
Cons:
Limited research tools for advanced investors.
Customer support can sometimes be slow.


Groww is one of the most popular mutual fund apps in India due to its ease of use. It offers
a direct investment option with zero commission, making it an excellent choice for new
investors. Its seamless process and wealth of information make it the go-to app for anyone
getting started in mutual funds.

2. Zerodha Coin – Ideal for Direct Mutual Fund Investments
Key Features:
Focus on direct mutual fund investments.
No commission or hidden charges.
Allows investments in equity and debt mutual funds.

3. Strong back-end support from Zerodha, a leading stock brokerage.
Pros:
Excellent for investors who want to save on commissions.
No maintenance charges for using the app.
Clean, easy-to-navigate interface.
Cons:
Not suitable for beginners looking for hand-holding or advice.
Limited to only mutual fund investments; no other asset classes available.
Zerodha Coin is a standout app for mutual fund investors who prefer direct mutual funds as
it cuts out intermediaries and offers no commission or hidden charges. If you are someone
looking to minimize costs and are comfortable with independent investing, Zerodha Coin is
one of the top mutual fund trading apps in India.

3. ET Money – Comprehensive Investment Platform
Key Features:
Offers SIP and lump-sum investments.
Provides a wide range of mutual funds.
Allows tax-saving investments through ELSS.
In-depth portfolio analysis and reports.
Pros:
Great for tracking expenses and setting investment goals.
Offers automated rebalancing of mutual fund portfolios.
Provides useful financial tools, such as expense tracking.
Cons:
Can be overwhelming for first-time users due to numerous features.
Premium version has limited features.

4. ET Money is an excellent app for people looking to plan their mutual fund investments with
a strategic focus on SIP (Systematic Investment Plan). Its robust features help you
understand your portfolio and track the performance of your funds effortlessly.

4. Paytm Money – User-Friendly with Multiple Payment Options
Key Features:
Allows both direct and regular mutual fund investments.
Provides a wide range of mutual funds and ETFs.
Easy KYC process.
SIP option for regular investors.
Pros:
Multiple payment options for easy investments.
Simple and easy-to-use interface.
Regular updates about market trends.
Cons:
Limited features for advanced traders.
Charges on SIP investments.
Paytm Money provides a smooth investing experience, especially for those who already use
the Paytm app for various purposes. Its straightforward design and integration with Paytm’s
payment platform make it easy for investors to buy mutual funds with just a few taps.

5. 5. Kuvera – Best for Tax-Saving Investments
Key Features:
Special focus on tax-saving options through ELSS funds.
Allows investments in both direct and regular plans.
Automated portfolio rebalancing.
Provides an easy way to track capital gains for tax purposes.
Pros:
Great for long-term investors seeking tax-saving strategies.
No commission on direct mutual funds.
Clean, user-friendly interface.
Cons:
Limited features for active traders.
Could offer more investment options beyond mutual funds.
Kuvera is highly recommended for investors looking to maximize their tax savings. With a
specific focus on ELSS and a user-friendly interface, it stands out for its simplicity and
effectiveness.

6. Scripbox – Best for Goal-Based Investing
Key Features:
Focuses on goal-based investing (retirement, child’s education, etc.).
Provides curated portfolios based on risk tolerance and goals.
SIP options for monthly contributions.
Transparent fee structure.
Pros:
Personalizes recommendations based on your financial goals.
Automatic SIPs with regular portfolio updates.
Tax-saving features.
Cons:

6. Limited to mutual funds and SIPs; no other asset classes.
Might not suit advanced investors looking for a broad range of options.
Scripbox excels in providing tailored investment plans that match your financial goals. If you
are someone who is looking to build wealth over time for specific goals, this app could be a
great choice.

7. Axis Mutual Fund – Trusted Brand for Reliable Investments
Key Features:
Wide selection of mutual funds.
Offers direct and regular plans.
Features SIP, STP, and SWP investment options.
Detailed fund analysis.
Pros:
Trusted by millions of investors.
Strong brand presence in India.
Offers personalized recommendations.
Cons:
Can be overwhelming for new users.
Limited free features on the app.
Axis Mutual Fund is one of the leading names in India’s mutual fund industry. The app offers
a wide variety of investment options, including tax-saving ELSS mutual funds. If you trust
established financial brands, Axis Mutual Fund could be a reliable choice.

8. HDFC Mutual Fund – High-Quality Funds for Secure Investments
Key Features:
Offers both direct and regular mutual funds.
Provides a comprehensive range of investment options.
Excellent customer support and portfolio management tools.
Pros:

7. High-quality, well-researched mutual funds.
Trusted financial advisor.
High-security standards for user data.
Cons:
Relatively higher management fees.
Slightly complex interface for beginners.
HDFC Mutual Fund is known for its high-quality funds and excellent customer service. The
app gives you access to a variety of well-researched mutual funds and allows you to manage
your portfolio with ease.

9. ICICI Direct – Robust Platform for Mutual Fund Investments
Key Features:

Provides SIP, lump sum, and systematic transfer plans (STP).
Offers both direct and regular plans.
Portfolio tracking tools and performance reports.
Easy KYC process.
Pros:
Full-fledged trading platform.
Real-time portfolio updates.
Access to ICICI’s large network of funds.
Cons:
High charges for some plans.
Not as beginner-friendly as other apps.
ICICI Direct is one of the oldest and most trusted investment platforms in India. The app is
highly suitable for those who are looking for a combination of stock trading and mutual fund
investments.

10. Upstox – Excellent for Cost-Effective Mutual Fund Trading

8. Key Features:
Low brokerage charges for mutual fund investments.
Offers direct mutual fund plans.
Simple user interface.
Advanced charting features for experienced investors.
Pros:
Great for cost-conscious investors.
Transparent fee structure.
Easy-to-use platform for all types of investors.
Cons:
Limited to mutual fund investments only.
Some users may find the app’s interface basic.
Upstox is a reliable app known for its low charges, making it a great option for cost-conscious
investors. The app allows users to make direct investments and offers several tools to track
the performance of their funds.

9. Top Mutual Fund Apps with Lowest Charges
When it comes to mutual fund trading apps in India, charges are a major factor for many
investors. The following apps offer the lowest charges, ensuring that more of your
investment goes into the fund rather than being eaten up by fees:

Groww – No charges on direct mutual funds.
Zerodha Coin – Zero commission for direct mutual funds.
Paytm Money – No charges for direct mutual funds, though SIPs have nominal charges.
Choosing apps with lower charges can help you maximize your returns, especially over long-
term investments.

Difference Between Direct & Regular SIP Mutual Funds
Understanding the difference between direct and regular SIP mutual funds is crucial for
optimizing your investments:

Direct SIP Mutual Funds: These are investments made directly with the fund house,
bypassing intermediaries like distributors or brokers. The benefit is the lower expense ratio,
which translates to higher returns for investors.

Regular SIP Mutual Funds: In this case, you invest through a distributor or agent, who
charges a commission. While this may be suitable for new investors who require advice, the
higher charges can reduce your overall returns over time.

FAQs – Best Mutual Fund App in India
Which mutual fund app is best for beginners?
Apps like Groww, Paytm Money, and ET Money are excellent choices for beginners due to
their user-friendly interface and educational resources.

Are there any hidden charges in mutual fund apps?

10. While many apps like Groww and Zerodha Coin offer commission-free direct mutual funds,
some apps may have hidden charges in the form of exit loads, transaction fees, or
maintenance charges.

What is the difference between direct and regular plans in mutual funds?
Direct plans involve investing directly with the fund house, while regular plans go through
intermediaries, which results in additional commission costs.

Which is the best app for tax-saving mutual funds (ELSS)?
Kuvera and Scripbox offer excellent features for tax-saving ELSS funds.

Conclusion
Selecting the best mutual fund trading app in India can significantly impact your investment
experience. Each app comes with its unique set of features, charges, and services. By
understanding your investment goals and preferences, you can choose the app that best fits
your needs. Whether you are a beginner or an experienced investor, the apps listed above
will provide you with the tools and resources necessary to manage your investments
efficiently.
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