Karvy Nivesh App By Karvy
Redemption or switching of mutual funds from one to another is possible through this app. Karvy offers this app as a personal manager for mutual funds. The distributors who want their clients portfolios to be at one place can also track them here. Both lump sum and SIP schemes are available in this app for the investors.
To date, the company has not launched its IOS version, which is sad because of the increasing population of IOS users these days. Over 20 mutual fund houses can be accessed through this app to invest in mutual funds.
Ktrack Mobile App By Karvy
The primary objective of KTrack mobile app by Karvy is to manage the investments of its customer in mutual funds. This app offers new ways of investing your money. With just one-touch login that powers you to invest across thousands of mutual funds. It provides a single view of your manage profile, investments, make decisions and transact instantly without needing multiple apps.
The app has Enriched UI and many features like One-touch login or Log In through Facebook/Google account, Enriched Navigation, provides Portfolio Dashboard, helps in tracking of your transaction, NAV Tracker, etc.
Total Downloads: +1 Million
How Did We Chose The Best Investment Apps
People may have varying risk capacities and financial goals they’re working toward, but you’d be hard-pressed to find someone who doesn’t prefer a cheaper way to invest. For that reason, cost was a huge factor in determining our list.
To find the best investment apps, we set out to identify the companies that offer platforms that keep fees to a minimum and offer a high-quality experience. In some cases, that means access to free financial planning tools or financial planners themselves and clear and easy-to-understand investment options.
We compared nearly two dozen brokerages, placing heavy weighting on their advisory and trading fees, investment philosophy, investment options, and types of accounts available. User experience is also important, so we also looked at each brokerage’s accompanying mobile app and scoured reviews on the Apple Store and Google Play to find out what regular users think of the product.
Finally, we cross-referenced our research against popular comparison sites like Bankrate, the Balance, and NerdWallet to make sure we didn’t miss a thing.
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What Are Investment Platforms
Investment platforms are online services that allow you to buy and hold shares, bonds and funds in one place.
These services can include making it easy to invest in stocks and shares ISAs or mutual funds.
Over the past decade, old-fashioned stockbrokers have started to face competition from a new generation of investment platforms. This is because platform focus on providing low-cost and straightforward access to investing for people who have little or no experience.
If you want to know more about investing, read our Beginners guide to investing.
Some platforms offer automated guidance on which options might be most suitable for you, which is sometimes called robo-advice. This does not actually count as financial advice its just support to help you make the best decision for your needs.
However, some of these platforms do also offer access to personal financial advisers in return for an extra fee.
Research About The Market
An advisor does all the research about the market and then puts your funds in regular SIP whereas indirect SIP, all the market research has to be done by the investor.
Therefore, having knowledge of the market becomes a must. Additionally, the monitoring and reviewing of the market have to be done regularly.
The investors in direct SIP have to take time out for this whereas in regular SIP the monitoring is done by professionals and not much personal attention is required.
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Et Money Is The Best Mutual Fund App
ET Money presents its clients with private finance techniques with its whole digital policy. ETMONEY affords you a vary of economic offerings such as instant loans, insurance plan policies. It adjusts your expenditures, makes investments in straight agreeable dollars via the sip app. And it is a great deal more. Thus, this is the best app for mutual fund investment.
Easyapp From Axis Mutual Fund
- Total App downloads: 500,000+
- App Rating: 3.0/5.0
- Google Playstore link: Click here
With the rating of 3.2 on Google Play Store, an easy app from Axis Mutual Fund enables new investors and existing investors of Axis Mutual fund to perform investment transactions anywhere anytime.
You can easily purchase, redeem, switch and start SIP using the app.
It also contains a feature of Insta redemption which allows hassle-free liquid fund redemptions for the investors taking only a few minutes.
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Paytm Money Mobile App
PayTm Money has been launched by the PayTm, which is Indias number one mobile wallet services provider company. This allows providing the direct investment plans for the mutual fund which gives chance to invest without any commission or advisory fees. The account can be opened in the existing registered mobile number and new KYC should be registered according to the scheme. It offers another feature to the customer in which it includes fully transparent tracking, manages and automates SIP investments and track etc.
We at trading fuel provide different material that covers the vast topics of finance. In trading fuel, we provide free services of many topics for which many institutions charge fees. The topics that we had cover so far includes many things about stock market which will help an individual to make decisions by practicing. For more updates and interesting topics read Trading Fuel.
Prashant Raut is a successful professional stock market trader. He is an expert in understanding and analyzing technical charts. With his 8 years of experience and expertise, he delivers webinars on stock market concepts. He also bags the Golden Book of World Record for having the highest number of people attending his webinar on share trading.
Kuvera App Top Mutual Funds App
The next on our list is the Kuvera Mutual Funds app. Among many features of this top mutual funds app in India, the most salient feature is a goal-based investment. Whether you want to save taxes, build wealth, stability, or any other thing, the app makes likewise recommendations. Moreover, its single dashboard allows investors to track their investments anytime, anywhere.
Along with mutual funds, the top 10 mutual fund app can also be used for making investments in stocks and gold. The app also exhibits amazing features like timely reports, tax harvesting, and TradeSmart.
Major Features of Kuvera app
- Completely digital account opening process
- Family account features to manage joint accounts
- Zero commission or hidden charges
- Tax-saving fund options
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How Can I Invest Sensibly
There are some ground rules if you want to invest sensibly. These are:
- Take a long-term view. You shouldnt invest for any less than five years and its most sensible if youre looking at a time horizon of at least 10 years. That way, you can ride out any downturns in the stock markets and boost the growth potential of your money.
- Invest in a pension. It makes sense to invest money in a pension because youll benefit from tax relief . Plus, if its a workplace pension scheme, you get a contribution from your employer too. To find out more in our pensions guide
- Attitude to risk. The other key point is to assess your risk appetite realistically. If you invest in an aggressive portfolio, bear in mind that you could lose money even over the long run. Its important to understand what the worst-case scenario could look like and to be sure you would be comfortable with that outcome in the context of your personal finances.
- Think about your goals. For example, if youre putting money aside for a house deposit and plan to buy in more than five years, you might want to open a stocks and shares. If its less than five years, using a savings account might be a better option.We have more on investing wisely in our Beginners guide to investing.
How To Pick The Best Investing App
The best investing app for you will depend on your investment style. Do you want one that does the work for you, or would you rather be in control? Do you want a passive portfolio made up of lower risk funds, or would you rather build an active, riskier portfolio consisting of individual stocks?
Those wanting a more active approach to investing may opt for an app like Robinhood . Meanwhile, those looking to just put their investments on autopilot and forget about them may benefit more from a robo-advisor like Betterment.
Keep in mind that not all apps offer the same investment assets to choose from. For example, Acorns only offers ETFs, so if you want to trade individual stocks, this app wouldn’t be the best fit. Make sure you do your research and understand everything the app offers before you sign up.
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Etmoney Mutual Fund App
ETMONEY was founded by a group of passionate Entrepreneurs, IITians and Designers with deep expertise in technology, mobile & financial services. Associated with a big brand of Economic times, this Mutual Fund app is a one-stop destination for all things investment which helps to track & manage expenses using expense manager, Invest in Mutual Funds through SIP or Lumpsum, Save tax with SIPs in ELSS mutual funds, etc.
Total Downloads: +5 Million
Cashrich Top Mutual Fund Apps
The CashRich is Indias first mutual fund app which gives investors a dynamic SIP method for earning higher returns.
This app consists of high performing schemes under categories such as long term, short term, save tax, etc.
Google Play Store Rating 4.5/5
Key Features of the App
- From calculating direct SIP returns to reviewing past performance of the schemes, the CashRich app has everything to offer an investor.
- It recommends funds to invest on the basis of the investors profile. It also provides instant withdrawal of money.
What Are Direct Mutual Funds
Direct vs Regular Mutual Funds Plans: With effect from the very beginning of the year 2013, the SEBI had made it compulsory for all Mutual Fund houses of having two versions of each scheme i.e. Direct plan & Regular .
In a Direct plan, you can 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 will be saving costs in terms of paying commission to intermediaries. Looking at both the plans, the difference in returns seems to be as low as 0.25% which can go up to 1%.
In the long-term, these differences result in significant amounts. Therefore, it this clearly evident that you should always go for investing in the Direct plans of Mutual Funds.
What Are Sectoral Funds
A sector fund is a mutual fund that invests in businesses operating in a specific sector such as FMCG, pharma, energy, information technology , banking, etc. Since the investment portfolio is concentrated in a particular sector of the economy, these mutual funds offer low diversification and may involve comparatively higher risk levels.
The three broad features of Sectoral funds are:
The investment strategy adopted by sectoral funds is based on detailed research. This involves researching the sector-specific peaks across different timelines to identify the right sector to invest. Hence, investors should preferably have basic industry know-how to make the most of these fund investments.
Since sectoral funds are concentrated in a specific sector, these can be riskier as the fund performance will depend on the sector performance and dynamics.
While sectoral funds focus on a specific sector, the investment may be diversified across different market capitalisations. Thus, a single fund may invest across large-caps, mid-caps and small-caps as identified by the fund manager.
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Best Mutual Fund Apps For Direct Investment Plan
As we all know that investing in mutual funds is one of the best ways to grow our money in the long term. When I started my journey of investing in mutual funds it was very difficult to invest. Now thanks to some of the best mutual fund apps in India which makes investing lot faster and easier these days. Moreover, you can perform all these activities in just one app.
If you are interested to invest in regular funds or direct mutual funds, there are multiple mobile apps providing the advantage of buying and selling on the tip of your fingers. These apps helps you to invest in direct mutual funds through your mobile, which will save not only your time but also extra commission of 1% to 1.5%.
Piggy Mutual Fund App
Piggy app is Indias first mutual fund app that brings all the investment options under 1 login, be it investing in Direct Mutual funds, Digital Gold, Managing Portfolio or tracking EPF.
This app is completely free. There are no hidden commissions or service fees. It has a very easy sign-up process and investing through the piggy app can help you get up to 1.5% extra returns every year.
You can get a detailed analysis of the mutual fund portfolio and design your own goal-based investing with this app. Get a break-up of your portfolio across various asset classes and sectors. It also identifies the risk you are exposed and take decisions to achieve your financial goals.
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Best Large Market Cap Mutual Funds
Large-cap mutual funds invest in huge, profitable companies. These companies have an excellent track record and are established in their field. But because theyre already so established their future growth potential is limited. These mutual funds are medium- to high-risk because no matter how big a company is it can still fail. Strong large-cap companies can also provide significant income since many pay dividends Which fund is right for you depends on how much exposure youd like outside of Canada. For true diversification and greater growth potential its prudent to invest additionally in the United States, and perhaps in Europe or Asia. Thats because most large-cap Canadian companies are concentrated in only three industries: oil, utilities, and financial services. To get exposure to high-quality consumer goods or technology companies youll probably have to look outside the country.
How Much Should I Invest
If youre investing for a pension, a good rule of thumb is to halve your age and pay this much as a percentage of your salary each month.
For example, if youre starting a pension at 40, you should be looking to put 20% of your salary away each month.
If youre investing for shorter-term goals, then think about how much youre aiming to save, and work back from there. You can add in some assumptions about investment growth, such as 3% or 5% a year, but dont forget to deduct fees. If you end up saving more than you need its a nice problem to have.
Before you start an investment portfolio, make sure you have a decent amount of cash in an easy access account say, three months worth of salary that can be used for any emergencies such as your car or boiler breaking down.
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Etmutualfundscom’s Best Mutual Fund Sip Portfolios Are Meant For Three Different Individual Risk Profiles: Conservative Moderate And Aggressive
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Groww App Best Investing App In India
In terms of stability and usability, the Groww app is considered as the best app for mutual funds investment in India. If you are new to mutual funds investment, this is the best mutual fund app you can choose. Not only it makes investment exceptionally simpler, but one can also go through tons of value-based videos and blog posts that would help you make the right choice regarding mutual fund investments.
Apart from the mutual funds, you can also choose to invest in the stock through the Groww app. The zero-charge app is becoming amazingly popular in the stock investment landscape.
Top features of Groww App:
- User-centric interface for easy and fast investment
- Single dashboard for tracking the investments, annual returns, and overall returns
- One-step e-KYC
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