Top 5 Zero Brokerage Mutual Fund Apps In India
Investing in mutual funds has become a preferred strategy for many individuals seeking to grow their wealth without the complexity of direct stock market involvement. With the rise of digital financial platforms, investors in India now have access to a plethora of mutual fund apps that offer zero brokerage fees, making it easier and more cost-effective to invest. This blog post aims to guide you through the top five zero brokerage mutual fund apps in India, helping you choose the best platform for your investment needs.
The concept of zero brokerage mutual fund apps has revolutionized the investment landscape by eliminating transaction fees, thereby maximizing returns for investors. These apps not only provide a seamless and user-friendly interface but also offer a wide range of mutual fund options, from equity to debt funds, catering to various risk appetites and financial goals. The convenience of tracking and managing investments on-the-go has further contributed to their growing popularity.
In this post, we will explore the features, benefits, and unique selling points of the leading zero brokerage mutual fund apps available in India. Whether you are a seasoned investor or a beginner looking to dive into mutual funds, our comprehensive analysis will help you identify the app that best aligns with your financial aspirations and investment style.
ET Money
Mutual Fund Investment Charges: INR 0.
Commission: INR 0.
Account Opening Charges: INR 0.
Special Feature: The app judges the consistency of mutual fund returns and provides a rank/score. This is a unique feature.
ET Money offers a platform for investing in mutual funds without any commission, making it an attractive option for individuals looking to grow their wealth. Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. This diversification helps reduce risk while providing the potential for higher returns compared to traditional savings options. ET Money simplifies the investment process by allowing investors to select funds, complete KYC, and make payments online with ease. With options for Systematic Investment Plans (SIPs) and lumpsum investments, ET Money caters to both regular and one-time investors. Moreover, the platform provides detailed analytics and reports to help investors track and manage their portfolios effectively.
Groww
Mutual Fund Investment Charges: INR 0.
Commission: INR 0.
Account Opening Charges: INR 0.
Special Feature: Curated mutual fund collections: Groww goes beyond just providing a wide range of options. They curate collections of mutual funds based on various themes, investment goals, and risk profiles.
The Groww app is a comprehensive platform that offers a user-friendly interface for investing in mutual funds. It provides access to over 5,000 mutual fund schemes from more than 40 asset management companies, allowing users to choose from a variety of investment options to suit their financial goals and risk appetite. With the Groww app, investors can opt for Systematic Investment Plans (SIPs) or lump-sum investments, and the process is facilitated by seamless payment options like UPI, net banking, and bank transfers. The app also features a SIP calculator to help estimate potential returns and allows for the import and tracking of external investments. Groww's commitment to transparency is evident in its policy of zero commission on direct mutual funds, which can potentially lead to higher savings for investors. Additionally, the app provides educational resources, including tutorial videos and research tools, to assist both novice and experienced investors in making informed decisions. The convenience of managing investments on the go, coupled with robust customer support, makes Groww a popular choice among Indian investors looking to build wealth through mutual funds.
Kuvera
Mutual Fund Investment Charges: INR 0.
Commission: INR 0.
Account Opening Charges: INR 0.
Special Feature: Kuvera analyzed your portfolio and suggest ways to save capital gains tax.
Kuvera is an investment platform that has garnered the trust of over 18 lakh investors, managing assets worth more than Rs 50,000 crore. It's a comprehensive app that offers a variety of financial services including direct mutual funds, fixed deposits, Indian and US stocks. With a focus on simplifying the investment process, Kuvera provides a user-friendly interface accessible on all devices, allowing investors to manage their portfolios with ease. The platform emphasizes the importance of direct mutual funds, which eliminate the commission fees typically associated with regular plans, potentially leading to higher returns for investors. Additionally, Kuvera is registered with the Securities and Exchange Board of India (SEBI) as an Investment Advisor, ensuring a regulated and secure environment for managing investments.
Zerodha
Mutual Fund Investment Charges: INR 0.
Commission: INR 0.
Account Opening Charges: INR 0.
Special Feature: Zerodha offers basic goal planning tools to help you estimate the investment amount needed to achieve your financial goals.
Zerodha's app offers a user-friendly platform for investing in mutual funds, providing a seamless experience akin to stock trading. With the convenience of holding mutual funds in a demat account, investors can view a consolidated portfolio of their investments. The app facilitates easy execution of mutual fund purchases, including both lump sum and SIP (Systematic Investment Plan) options, with the added benefit of zero brokerage fees. Orders placed before 1:30 PM are executed on the same day, ensuring investments are made at the end-of-day NAV price. Zerodha's platform is integrated with most AMC's in India, and for the first time, allows investors to set conditional orders that track the NAV price, placing orders when a preset trigger is reached. This innovative approach simplifies the investment process, making it accessible even to those new to mutual funds.
AngleOne
Mutual Fund Investment Charges: INR 0.
Commission: INR 0.
Account Opening Charges: INR 0.
Special Feature: Mutual Funds offered without any hidden charges and 0% commissions.
The Angel One App offers a streamlined and user-friendly platform for mutual fund investments, catering to both seasoned investors and novices alike. With the app, users can explore a wide array of mutual fund options, including over 5000 mutual fund schemes. The app simplifies the investment process, allowing users to invest through Systematic Investment Plans (SIPs) or lump sum payments, depending on their preference and financial goals. Investors can create a diversified portfolio tailored to their risk profile and investment horizon, ensuring that their investments align with their long-term objectives. The Angel One App also features tools such as a SIP calculator, which aids in planning and estimating the potential returns on investments made regularly over time.
Conclusion
In conclusion, the landscape of zero brokerage mutual fund apps in India is diverse and competitive, offering investors a plethora of choices to suit their unique investment needs. Each of the top five apps—ET Money, Groww, Kuvera, Zerodha, and AngelOne—brings distinct features and benefits to the table, making them standout options for both novice and seasoned investors.
ET Money impresses with its comprehensive financial management tools and user-friendly interface, making it a great choice for holistic financial planning. Groww, with its intuitive design and extensive educational resources, caters well to beginners looking to navigate the investment world with ease. Kuvera stands out for its goal-based investing approach and advanced tax-saving features, offering a personalized touch to mutual fund investments. Zerodha’s Coin platform integrates seamlessly with its renowned trading services, providing a robust, transparent, and efficient way to invest in mutual funds. Lastly, AngelOne leverages its long-standing market presence and technological innovations to offer a reliable and feature-rich investment experience.
Selecting the right app depends on your specific requirements—whether it's ease of use, advanced features, or integrated financial planning tools. Regardless of your choice, these top five zero brokerage mutual fund apps ensure you can invest wisely and grow your wealth without the burden of additional costs.
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