SnoozyHamster
SnoozyHamster

Mutual Fund SIP App Suggestions

Hi Folks,

I was using Paytm Money App for MFs. Started around last year and kept my Auto Pay limit to 25k which I can’t increase now.

So I was planning to move to another app like Groww or any other.

Which app do you use currently and which would you recommend for MF SIP?

Thanks in advance

25mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
WigglyBoba
WigglyBoba

If you are new go with Regular plans under good advisor.

ZippyPenguin
ZippyPenguin

Who are the good advisors?

WobblyBagel
WobblyBagel

Direct plans are much better without the 1-2% commision. Most active funds & advisors don't beat the index. Bad recommendation 👎

ZestyBiscuit
ZestyBiscuit

You can use Coin, if you have a zerodha account.

WobblyNugget
WobblyNugget

+1 hassle-free

JumpyMarshmallow
JumpyMarshmallow

+1

WobblyPancake
WobblyPancake
Meta25mo

IndMoney is the best, keeps track of networth as well.

FloatingDumpling
FloatingDumpling
Apple25mo

Heard indmoney is struggling. (Source: grapevine itself)

Better to go with something like Zerodha which has certain future than indmoney. Not that you lose MF units if it goes down but the pain of shifting platform, another KYC n all

JumpyMarshmallow
JumpyMarshmallow

I found INDmoney tracker to be buggy

JumpyPretzel
JumpyPretzel

Just use MFCentral app.

SquishyKoala
SquishyKoala

Second this. Official app to manage all MFs in one place

JumpyPretzel
JumpyPretzel

Yepp. I started using it recently. It allows investment to all Funds, and it is made in collaboration with the two biggest RTAs kFinTech and CAMS, and with due consent and instructions of SEBI. Earlier it was not having investment feature, but it has brought investment feature too since last 9-10 months. So one can invest in any mutual fund, using this app. And best thing is, it shows all of them at one place, and gives option to redeem, raise complaints etc too.

SillyNugget
SillyNugget
Amazon25mo

You can use Groww, it's good

GoofyJellybean
GoofyJellybean
Adobe25mo

Using Groww from 2 years. Good UI never faced any issues.

SparklyLlama
SparklyLlama

Kuvera for the simplicity, and not being pestered to take a loan or credit card or open a demat account

PeppyMuffin
PeppyMuffin

ETMoney is good

FluffyNugget
FluffyNugget
Plivo25mo

+1

TwirlyPancake
TwirlyPancake

+1

JumpyHamster
JumpyHamster

Scripbox, underdog player. Not mass player

ZestyNarwhal
ZestyNarwhal

IIRC they do not offer direct funds. I'd suggest you move away from them! https://www.indiainvestments.wiki/faqs/mfs/direct-vs-regular

JumpyHamster
JumpyHamster

I didnt find the free direct mutual fund suggestions good enough. I felt that scripbox gave me those suggestions that kept me ahead of the curve. For ex: they suggested gold at the peak of 2021 (and its working), i have a few more examples,so i agree that they r not direct but that proactive suggestions are a lot more valuable than the free platforms. I know you will suggest paid services but I found the cost over time to be equal (especially of the talented ones in the market)

FloatingPretzel
FloatingPretzel

Hello, i think you should take advise from advisor as paytm, and other apps also charge commission so on net basis you are ended up paying commission which is not wrong.

So if you are paying commission, then why not you take advise from professional.

Discover more
Curated from across
News Discussion
by GigglyTacoCisco

Need suggestion for SIP

Helllo All . I am a newbie in mutual fund investment.
Need suggestion to start SIP . Which is best reliable app in context of UI , overall stability , buying and withdrawal, consistancy

Below are few options I have explore till now ...

Adulting
by SillyBobaNTT Data

Mutual fund app?

Guys which mutual fund app to use for direct growth and to keep all mf in one app,because I was using angel and realized that it has regular plan

Personal Finance
by MagicalQuokkaSoftware Developer

Best mutual funds app for India

Which mutual fund investment apps would you recommend that offer good control over invested funds? Why would you recommend it?

On the contrary, which apps should I avoid at all costs?

Top comment
user

If you will ask so many questions in a single post, chances are most people will ignore it. 😛 Btw, you can use ...

Personal Finance

Help with getting started

Context : I have been saving up money for over a year now and not actively invested it anywhere due to x reasons.

Now I want to start SIPs as I have achieved my emergency fund and want to reap the benefits of the power of compounding.

...