9 Best Direct Mutual Fund Apps & Platforms in India

You would know that the mutual fund industry is expanding rapidly if you are an active investor. Mutual funds are one of the fastest ways to increase your wealth. Since all the mutual funds are registered with SEBI (Securities Exchange Board of India), they are quite safe.

What is a Mutual Fund?

Mutual funds are created by combining capital from many investors and investing it in stocks, bonds, and shares. It is shared by thousands of investors and managed collectively to provide the best possible returns.

You are choosing an indirect professional money manager when you purchase a mutual fund. The manager will then use the money to purchase and sell stocks that they have carefully researched.

You don’t have to do any research and the money manager will take care of it.

Why should you invest in mutual funds?

Mutual funds are easy to understand. Instant diversification and asset allocations are available without having to invest a lot of money. The economies of scale are a huge advantage for mutual funds. The market is a place where more products are sold, which makes them cheaper. Mutual funds also benefit from their buying and selling volumes to lower transaction costs for investors.

Many investors don’t have the money to purchase large quantities of securities. Investors can buy mutual funds in small amounts so they can be started immediately. Mutual Funds also offer liquidity which allows you to get in and out quickly. Investors will have the ability to view their Mutual Funds within a short time frame, without any significant difference in current market price or sale price.

What makes Direct Funds better than regular funds?

Types of mutual funds

Two types of mutual fund plans can be broadly classified: the regular and direct.

The plans are identical in terms of investment. The plans are identical, they invest in the exact same stocks and bonds and are managed by the same fund manager.

What makes direct funds better is that direct plans are sold directly by the asset management company (AMC) or selected platforms. Regular plans are sold by distributors and come with commissions. Direct plans offer higher returns than regular plans. We will be discussing and analysing the best mutual funds available in India.

List of Best Direct Mutual Fund Apps & Platforms In India

1. Kuvera

Kuvera is an online portal that allows direct mutual fund plan investors to access their portfolios. It is completely free, with no trial period or hidden fees, and regardless of portfolio size. It not only offers free investment advice, but also free trial periods and no hidden charges.

Kuvera offers funds from 37 AMCs, and does not charge any fees to invest in mutual funds. Goal-based investments are the platform’s main feature. It will help you find the best path to reach your goals. Kuvera can also help you identify the risk associated with each fund type. Other features include fund selection, goal planning, portfolio rebalancing, tax optimization, and more. It is among the best mutual funds in india

Kuvera allows you to switch between the mutual fund plans and the direct mutual plans in one click. You can import existing plans with ease using the system. You can also sign up and add family members to create a single account that includes all of your family members.

2. Groww

Groww, an online platform offering direct mutual fund plans, is available. The company offers funds from 37 AMCs, and provides detailed evaluations as well as data pints that include comparative charts. There are also financial groups that discuss various topics and share knowledge.

Groww makes it easy to invest with a great customer support team and many features. Xperts is a feature where financial advisors can share their financial insights with customers. You can track all external and internal mutual fund investments from one place with the Switch feature. It doesn’t include a SIP calculator so investors don’t know how much to invest.

It is available as a web app on desktop/laptop and also has an iOS or Android app.These are some best mutual funds to invest in 2021

3. ETMoney

Previously known as Smartspends 2.0, it has been officially renamed to ETMoney. You can view the performance of each mutual fund while you navigate through the investment section.

Once you have mastered the process and decided to invest in a fund, you can easily complete the KYC Verification. This complete paperless solution will guide you seamlessly through the entire investment process.

The entire portfolio can now be managed and you can manually add investments to it that were not made by other methods. Smart-Deposit allows you to invest in liquid funds. This is one the most user-friendly mutual fund apps. It is among top mutual funds

Recent transactions in mutual fund investments have surpassed Rs 2,000 crores. Investors spread across 1,200 cities contribute more than Rs150 crores each month to new investment transactions.

4. Goalwise

Goalwise is an online platform for mutual fund investing. Even if you’re not an expert, it will help you reach your investing goals. It is a unique mutual investment platform in India, which offers Robo-advisory services to investors.

It can be difficult to choose the right place for investment. It is not possible for everyone to have the expertise and time required to ensure that the investment yields the highest returns. Even experts rarely have the discipline to stick with the original plan in the event of unforeseen circumstances.

It manages fund selection, asset allocation, rebalancing and financial planning. It’s a great option for those who are interested in investing but don’t have the financial expertise to do so.

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