Finance

What Are Mutual Funds And How To Invest Money In Mutual Funds In India

Mutual Funds are one of the safest places to invest your money that can provide you stable and good income in cash flow. And as all investors proclaim that the best time to invest money in mutual funds is when the market is down. So, when the market starts getting steam, you can have a great benefit and return on your investment.

Invest in mutual funds

If you are one of those people who are willing to use this time to advantage and are looking for proper apps to invest in mutual funds, then you have come to the right place. This article will direct you towards your course of action and will provide you the best list of best mutual fund apps.

How good these mutual fund apps are

Most of these mutual funds provide minimal account setup processes and with their easy to direct options one won’t find them quite difficult to operate. All these apps are completely free of charge and no fees for creating an account or while investment will be charged by any of these Mutual Funds apps.

Documents for KYC

On top of that, you can access help from some of these mutual fund apps while completing your entire KYC procedure for online. KYC procedure requires PAN Card, Aadhar Card, one’s the date of birth certificate and once they have submitted them properly they will be able to use their account safely.

List of the best mutual fund apps

  • Paytm money

Mutual funds app created by the Paytm group, this particular mutual fund app offers around 1% higher returns when compared to all the other Mutual Funds apps in all of India. No Commission or any other extra charges while trading or investing will be charged here.

  • Kuvera mutual fund app

This app was designed by two former investment bankers back in 2016 and it has proven to be one of the top Commission-free investing platforms for investors. With its simple, easy to use and comprehensive goal planning’s like… Smart rebalancing, tax savings, fund selections as well as return analysis this is one of the best apps you can have.

  • Groww mutual fund app

Brought in the market back in 2016, this particular app has indeed grown the fastest among all the other mutual fund apps in India with a staggering 4.5 stars out of 5 ratings and having more than 5 million registered users. This particular application provides a simple UI interface that is built for all the beginners as well as can provide proper guidance to the experts.

Conclusion

Some of the Other Apps do deserve their place in our best mutual Fund apps list. Those are… myCAMS mutual fund app, kfinKart investor Mutual Funds app, ET money mutual fund app, Coin by Zerodha, Piggy mutual fund app, and IPRTouch app buy ICICI Prudential.