Are you looking for a low commission rate to invest in regular funds? Or want to start making investments in direct funds? Here’s the answer to all the doubts. Mutual funds are the path to choose if you are looking for stability and growth. It is not only a low-cost investment option but also brings diversity to the investment portfolio along with attaining a disciplined system of investment. To make sure you invest in the right stocks at the right time, expertise is required. To search for an apt application online is a tiresome job; we are here to help you find the best platform to invest in mutual funds!
But, what are mutual funds?
Mutual funds are simply a financial investment tool that pools resources via different investors in the market and invests in various stocks, bonds and securities. These are typically administered by Asset Management Companies (AMC), which invest keeping in mind the goals and objectives of the investor.
Mutual funds allow multiple investment options such as lump sum or SIP or STP, and many more on various products for investment. It brings a systematic approach to financial investments and allows growth. Moreover, it does not require the investor to put in a large sum. The best part?
With everything going online, mutual fund investment schemes are accessible and available online via websites and applications. However, to make online investments in frocks and bonds, one must shift from an agent-based mutual fund investment ( known as regular investments] to a direct form of investment. Before getting acquainted with the apps and other platforms, let us first know what a direct investment is –
Direct investments are cheaper than mutual fund investments as there is no added cost of commission while investing in funds. Moreover, it is simpler and more convenient for investors as it removes intermediaries who sometimes may create unnecessary charges and give less return. It can provide benefits up to 1% in returns. In the long run, this small percentage may be a significant sum.
Finding the perfect platform to begin your mutual fund’s journey can be difficult. Modern applications are accessible, adaptable and affordable by investors across all boards. Moreover, Indian platforms let you invest in foreign nations’ schemes as well, just by transferring money abroad.
We have curated some of the best platforms to invest in mutual funds –
- ETmoney – This award-winning platform has been created by Times Internet and managed by ET (Economic Times) publications. It is a one-stop solution for investors to make a hassle-free and fast investment at their fingertips. ETMoney Mutual Fund App provides features like an investment calculator and user-friendly integration with different payment choices for investors. Moreover, the application features a personalised feature to set per the investors’ goals. It will help to track previous investments and personalise plans.
- Zerodha – Known for its accessibility to the masses due to its simple interface and easy navigation process. Zerodha has services in approx 34 fund houses, bringing more than 3000 commission-free investment choices. It has more than one lakh loyal investors, which has allowed Zerodha to gain a reputed brand name and consumer base in India. A key feature offered in Zerodha is the plethora of investment schemes; one can navigate, negotiate and invest accordingly.
- Paytm – PayTM is among the most trusted brand names in India. This platform offers higher returns of up to 1% on direct investment schemes for mutual funds. There are absolutely no hidden charges or commissions while buying and selling funds. Paytm Money mutual funds app has hassle-free transfer from regular to direct investments, data privacy and transparent tracking. It even provides automating SIp process. Download PayTM Money and start your investment journey today!
- Groww – Yet another user-friendly app for investments in various schemes and funds. It is known for its minimalistic interface, convenient for amateurs and senior citizens. The best part is that it offers a single dashboard to view all schemes, growth of investments, future goals and annual returns on investments. Groww is famous among youngsters looking forward to their initial investments and opening SIP mutual funds.
Investing in mutual funds is exciting and disciplinary. You can kickstart your investment journey with new-age platforms of investments in mutual funds. As an investor, you can invest with the help of online platforms of various banks such as EasyApp (Axis Mutual Funds), IRU TOUCH ( ICICI Mutual Funds), FinGo (Aditya Birla Group), and InvesTap (SBI Mutual Funds). These platforms are some additional platforms for direct investments. If you are already an experience holder, join these platforms to understand the new-age modern form of investment which is faster, easier and convenient. So what are you waiting for? Download these best platforms to invest in mutual funds today!