Add Product 
Want to find the best mutual fund app in India? We’ve got you covered. After testing India’s most popular mutual fund apps, we’ve picked out the ones that truly deliver what they promise. Our team has checked everything from how easy they are to use to how well they protect your money.
Zerodha Coin is best known for its zero-commission direct mutual funds. For new investors, Groww offers the simplest way to start investing. HDFC Mutual Fund app proves strongest for those who want expert guidance.
We’ve carefully looked at what matters most: how quickly you can invest, how safe your money is, and what fees you need to pay. We’ve also checked how good their customer service is when you need help.
In this guide, we explain exactly what each app offers. Whether you’re making your first investment or already have a large portfolio, we’ll help you pick an app that matches your needs.
Top Mutual Fund Apps In India 2025
- Zerodha Coin – Best mutual fund app for zero-fee direct investments
- ET Money – Best mutual fund app for simplified investments
- Groww – Best mutual fund app for beginners
- Paytm Money – Best mutual fund app for easy SIP management
- INDmoney – Best mutual fund app for tracking all investments together
- HDFC Mutual Fund – Best mutual fund app for bank-backed fund expertise
- 5Paisa – Best mutual fund app for low-cost mutual fund investing
- ICICI Direct – Best mutual fund app for quick bank-to-fund transfers
- Axis Direct – Best mutual fund app for customising your fund portfolio
- UTI Mutual Fund – Best mutual fund app for trusted government-backed funds
Comparison Of The Best Mutual Funds Apps In India
| Platform | Key Feature | Best For | Rating |
| Zerodha Coin | Zero-fee direct funds | Direct fund investors | 4.8 |
| ET Money | Investment automation | Digital-first investors | 4.6 |
| Groww | Easy onboarding | New investors | 4.6 |
| Paytm Money | Commission-free direct funds | SIP investors | 4.5 |
| INDmoney | All-in-one tracking | Comprehensive investment tracking | 4.0 |
| HDFC MF | Bank-backed expertise | HDFC Bank customers | 4.0 |
| 5paisa | 4000+ schemes available | Cost-conscious investors | 4.0 |
| ICICI Direct | Bank integration | ICICI Bank customers | 3.9 |
| Axis Direct | Portfolio customization | Axis Bank customers | 3.9 |
| UTI MF | 60+ years experience | Traditional investors | 3.9 |
Detailed Overview Of Best Mutual Funds Apps In India: Features And Benefits
1. ZERODHA COIN- Best Mutual Fund App For Zero-Fee Direct Investments
Zerodha Coin is the best mutual fund app for zero direct-fee investment. When you invest through banks or agents, they charge extra fees, sometimes up to 1.5% every year as commission. But on Zerodha Coin, you get direct plans which cut out these extra charges.
For example, on a ₹10,000 investment, you could save around ₹100-150 yearly by choosing direct plans. These savings grow bigger with larger investments and longer time periods. The platform is designed to be simple, whether you’re starting with small monthly investments or putting in larger amounts.
| Key Features: |
| ● Direct mutual funds without commission |
| ● Start investing with just ₹100 |
| ● Easy monthly SIP setup |
| ● Quick online account opening |
pros and cons
Things we like
Things we don’t like
Pricing:
- Zero account opening fee
- No yearly maintenance cost
- Free buying and selling
- No withdrawal charges
Additional Information:
2. ET Money- Best Mutual Fund App For Simplified Investment
ET Money stands out in India’s investment space by helping investors save up to 1% higher returns through direct mutual funds. The platform offers simplified investment through three main fund types. Their equity funds invest in stocks of companies, aiming for higher returns through large-cap, mid-cap, and small-cap options. Debt funds focus on lending to companies and government, offering steady returns through money market, corporate bond, and overnight funds. Hybrid funds mix both stocks and debt for balanced growth.
ET Money makes investing simpler by showing complex market data in easy-to-understand ways. Their platform includes a unique personality test (taken by over 3,00,000 investors) to help match funds to your style. They start a new SIP every 1.5 seconds, showing strong investor trust, with over 50 lakh monthly SIPs registered.
| Key Features: |
| ● Direct mutual funds with higher returns |
| ● Simple data presentation |
| ● SIP and lump sum options |
| ● Built-in comparison tools |
pros and cons
Things we like
Things we don’t like
Pricing:
● Zero platform charges
● No commission fees
● Only fund house charges apply
● Transparent fee structure
Additional Information:
3. Groww Trading App- Best Mutual Fund App For Beginners
Groww has emerged as one of the best mutual fund apps in India, particularly favored by beginners. Groww simplifies investing with clear fund explanations, visual comparisons, and a beginner-friendly interface.
The platform offers access to over 5000 mutual funds, catering to diverse investment needs and goals, from tax-saving ELSS funds to high-growth equity options.
What sets Groww apart is its zero-commission structure on direct mutual funds, making it cost-effective for investors. The platform simplifies the investment process with an intuitive interface that helps users make informed decisions. Their paperless account opening process takes just 2 minutes, removing traditional barriers to investment entry. Investors can choose from different categories such as high return, tax saving, and top companies.
The platform stands out with its educational approach, offering detailed insights about various investment options in simple language. They provide regular market updates, fund performance analytics, and comprehensive research tools to help investors make better-informed decisions. Groww’s commitment to financial education is evident through their regular updates, market news, and investor education initiatives available in multiple languages.
For investors looking to switch platforms, Groww offers an easy fund import feature. The platform supports both lump sum investments and Systematic Investment Plans (SIPs), providing complete investment flexibility. Their innovative features include goal-based investing tools and detailed portfolio tracking capabilities, making it suitable for both beginners and experienced investors.
| Key Features: |
| ● Access to 5000+ direct mutual funds |
| ● Zero-commission direct funds |
| ● Fund comparison tools |
| ● Educational resources |
pros and cons
Things we like
Things we don’t like
Pricing:
● Free account opening
● No hidden fees
● Only fund house charges apply
● No annual maintenance charges
● Standard mutual fund charges
Additional Information:
4. Paytm Money- Best Mutual Fund App For Easy SIP Management
Paytm Money helps you save up to 1% higher returns with its direct mutual fund platform. Their biggest plus point is zero fees or commissions on buying and selling funds. Specializing in easy SIP management, Paytm Money lets you control monthly investments with instant pause, skip, or increase features, starting from just ₹100. You can become investment-ready in just 30 minutes through their paperless account opening process.
They offer several fund types to match different needs:
● Liquid Funds: Get your money back instantly when needed
● Super Saver Funds: Quick access up to ₹50,000
● Equity Funds: Invest in companies of all sizes for long-term growth
● Tax Saver (ELSS) Funds: Save taxes with 3-year lock-in period
Their platform works with top rating agencies like CRISIL, Morningstar, and Value Research to help you pick good funds. You can easily check your investments’ performance and get detailed reports anytime without paying extra.
You can invest in two ways:
- Monthly SIP (Systematic Investment Plan)
- One-time lumpsum investment
| Key Features: |
| ● Direct mutual funds |
| ● Free portfolio tracking |
| ● Free portfolio tracking |
| ● Easy withdrawals |
pros and cons
Things we like
Things we don’t like
Pricing:
● Zero platform charges
● No buying/selling fees
● Only fund charges apply
● Transparent cost structure
Additional Information:
5. INDmoney- Best Mutual Fund App For Tracking All Investments Together
INDmoney is a complete investment app that lets you invest in over 5000 mutual funds. Based in Gurugram, the platform makes investing simple by not charging any extra fees on direct mutual funds. Built for tracking all investments together, INDmoney’s unified dashboard shows mutual funds, stocks, and deposits in one view, analyzing charges and suggesting better alternatives.
The app also helps you find any hidden charges, tells you about exit loads (charges for selling early), and explains how your investments affect your taxes.
The platform is great for families as it lets you manage everyone’s investments together. Your money stays safe with top-level security features like AES 256-bit encryption. The app also sends regular updates about the market and your investments to help you make better choices. To start investing, you need just ₹500, making it affordable for new investors.
| Key Features: |
| ● Over 5000 mutual funds to choose |
| ● Family account management |
| ● Investment tracking tools |
| ● Zero extra charges on direct funds |
| ● Shows hidden charges |
| ● Easy SIP management |
pros and cons
Things we like
Things we don’t like
Pricing:
● Free to open account
● No platform fees
● No hidden charges
● Only standard fund charges apply
● No yearly fees
● Free tracking service
Additional Information:
6. HDFC Mutual Fund App- Best Mutual Fund App For Bank-Backed Fund Expertise
HDFC Mutual Fund app stands as a comprehensive investment platform backed by one of India’s largest banking institutions. Based in Mumbai, the platform offers a diverse range of mutual fund options designed to meet various investment goals, from wealth creation to tax planning. Leveraging bank-backed fund expertise, HDFC manages ₹4.5 lakh crore through proven funds like Flexi Cap (18.21% returns) and Top 100 Fund (15.85% returns).
Through the Investment Services Account (ISA), investors can easily manage purchases, redemptions, and switches. The platform excels in offering goal-based investment solutions, including options for retirement, children’s education, and wealth creation.
For convenience, investors can start with SIPs as low as ₹1,000 monthly. The app provides comprehensive research tools, regular market updates, and professional fund management expertise through both web and mobile platforms.
HDFC Mutual Fund’s digital platform offers 24/7 access to portfolio tracking, NAV updates, and investment tools.
| Key Features: |
| ● Goal-based investment planning |
| ● Multiple fund categories |
| ● Regular NAV updates |
| ● Portfolio tracking |
| ● SIP management |
pros and cons
Things we like
Things we don’t like
Pricing:
● Standard fund house charges
● Quarterly ISA maintenance fee
● GST applicable
● Entry/exit loads as applicable
● Regular plan charges
● Transaction fees may apply
Additional Information:
7. 5Paisa- Best Mutual Fund App For Low-Cost Mutual Fund Investing
5Paisa is one of India’s popular investment apps that helps you invest in mutual funds. Making low-cost mutual fund investing accessible, 5Paisa offers 4000+ direct funds starting at ₹100, serving 45 lakh happy investors.
Whether you want to grow your money quickly, save for the long term, or save tax, the app has different types of funds for every need. You can pick from equity funds for long-term growth, debt funds for stable returns, or hybrid funds that offer both.
To help you make smart choices, the app comes with useful tools like investment calculators. You can use the SIP calculator to plan monthly investments, or the lumpsum calculator to check how one-time investments might grow. Plus, the app regularly shares market updates and educational content through blogs and videos to help you understand investing better.
One of the most convenient features is that you don’t need a demat account to invest in mutual funds, though you can open one if you want to buy stocks too. The app makes it easy to track your investments, manage SIPs, and check fund performance all in one place.
| Key Features: |
| ● Over 4000 mutual fund options |
| ● No extra charges on direct funds |
| ● Easy investment tracking |
| ● Portfolio management tools |
pros and cons
Things we like
Things we don’t like
Pricing:
● No charges for direct funds
● Free account creation
● No platform fees
● Only standard fund charges
● No hidden costs
● No yearly fees
Additional Information:
8. ICICI Direct- Best Mutual Fund App For Quick Bank-To-Fund Transfers
ICICI Direct makes mutual fund investing simple through its strong connection with ICICI Bank. Enabling quick bank-to-fund transfers, ICICI Direct’s three-click process moves money instantly between your bank account and mutual fund investments. Through its net banking and mobile app (iMobile), investors can easily buy, sell, and track mutual funds.
One of the platform’s biggest strengths is its three-step investment process: log into net banking, pick a mutual fund category, and start investing. This simplicity, combined with instant bank account linking, makes it especially convenient for ICICI Bank customers. The platform also offers special investment collections based on goals like retirement, children’s education, and wealth creation.
To help investors make smart choices, ICICI Direct provides useful investment tools like return calculators and goal planners. The platform stands out for its educational approach, offering detailed investment guides, market updates, and video tutorials in multiple languages. Customers can also get personalized investment advice through their bank relationship managers.
For those who prefer digital convenience, the iMobile app brings the full investment experience to smartphones. Investors can set up systematic investment plans (SIPs), track their portfolio, and get instant market updates. The platform also sends regular performance alerts and investment insights to help investors stay informed.
| Key Features: |
| ● Instant bank integration |
| ● Three-step investing process |
| ● Goal-based fund collections |
| ● Investment calculators |
| ● Educational resources |
pros and cons
Things we like
Things we don’t like
Pricing:
● Standard fund house fees
● Platform charges
● Bank transaction costs
● Regular plan fees
● GST applicable
Additional Information:
9. Axis Direct App- Best Mutual Fund App For Customising Your Fund Portfolio
Axis Direct helps people invest in mutual funds through its easy-to-use platform. For customising your fund portfolio, Axis Direct provides tools to build personalized portfolios from 6000+ funds across 23 companies based on your goals. Based in Mumbai’s Agastya Corporate Park, the platform makes investing simple for both new and experienced investors.
The platform’s main strength is how it helps people understand where to invest their money. Unlike other apps that just show fund options, Axis Direct’s team of experts studies the market daily and explains investment choices in simple terms. They create special learning programs and video sessions to help investors understand the basics of mutual funds and make smart choices with their money.
One big advantage is that Axis Direct works smoothly with Axis Bank accounts. This means you can move money instantly between your bank and investment accounts. Plus, you don’t have to pay any extra fees when buying mutual funds – you only pay what the fund company charges. Whether you use their website or mobile app (called RING), you can check your investments and make changes whenever you want.
For those just starting out, the platform offers simple tools to help plan investments based on your goals, like saving for a house or retirement. They send daily updates about the market in simple language and offer step-by-step guidance for new investors. Their customer service team is available every working day from morning till evening to help solve any problems.
| Key Features: |
| ● Many fund choices |
| ● No extra charges |
| ● Easy bank transfers |
| ● Simple learning tools |
| ● Goal planning help |
pros and cons
Things we like
Things we don’t like
Pricing:
● No buying fees
● No yearly charges
● No hidden costs
● Basic fund costs apply
● Tax charges as per law
Additional Information:
10. UTI Mutual Funds- Best Mutual Fund App For Trusted Government-Backed Funds
As India’s trusted government-backed funds provider, UTI manages ₹14 lakh crore across 50+ funds, serving 1.2 crore investors through 190 offices. Their funds suit both new and experienced investors, with options to start investing with just ₹500 per month through systematic plans. UTI’s research team studies market trends daily to make informed investment decisions, helping protect and grow investors’ money.
What makes UTI different is its blend of traditional trust and modern convenience. Their website and mobile app offer practical tools like investment calculators and goal planners that help you track your money’s growth. They provide regular market updates and investment guidance in simple language, making it easier for everyone to understand where their money is invested.
While UTI maintains its strong physical presence through branches, they’ve also built useful digital tools for those who prefer online investing. Their customer service team is available through toll-free numbers and email, offering support for both basic and complex investment queries.
| Key Features: |
| ● Diverse investment options |
| ● Goal-based planning tools |
| ● Research-backed investing |
| ● Easy online access |
| ● Regular market insights |
pros and cons
Things we like
Things we don’t like
Pricing:
● Standard fund charges
● Direct plan options
● No hidden fees
● Transaction charges apply
Additional Information:
Step-By-Step Guide To Use A Mutual Fund App In India
Let’s break down the process of using a mutual fund app into simple, doable steps that anyone can follow.
Step 1: Download And Register
Go to your phone’s app store, pick a mutual fund app you trust, and install it. Fill in your details like name and email. Unlike traditional investing, you don’t need to visit any office – everything happens on your phone.
Step 2: Set Up Your Identity
Next comes KYC – it’s just a way for the app to confirm who you are. Keep your Aadhaar and PAN ready, as the app will need their photos. Think of it like showing your ID when opening a bank account, but here you do it through your phone camera.
Step 3: Connect Your Money
Add your bank account to the app. The app will check if it’s working by sending a tiny amount. Once this is done, you can easily move money in and out of your investments.
Step 4: Pick Your First Fund
Here’s where the real journey begins. Look through the funds and pick one that matches your goals. Whether you want to invest ₹500 monthly or a larger one-time amount, the choice is yours. The app will walk you through the payment process.
Step 5: Watch Your Money
After investing, you can see how your money is growing right on your phone. The app shows everything clearly – how much you invested, how it’s performing, and what it’s worth now.
Quick Tips:
● Start small and learn
● Keep your app’s security features on
● Take time to understand each fund
● Stay invested for your goals
This digital way of investing makes building wealth simpler than ever before. Just take one step at a time, and you’ll be on your way to growing your money smartly.
How To Invest In Mutual Funds App
Now that you’ve set up your mutual fund app, let’s look at the actual investing process. Think of it as putting your money to work through your phone.
First, open your app and look at the fund options. You’ll see them grouped like shelves in a store – equity funds (higher risk, more growth), debt funds (steadier, safer), and hybrid funds (a mix of both). Each fund shows a color-coded risk meter, making it easy to match funds with your comfort level.
Choose how you want to invest. Monthly SIPs work like a savings habit – set aside as little as ₹500 each month. Pick a date just after your salary comes in to make it hassle-free. Or if you have a larger amount saved up, you can invest it all at once through a lump sum payment.
Making your first investment is straightforward. Tap on the fund you like, enter how much you want to invest, and the app shows what it’ll cost. Direct plan funds take less money in fees (about 0.5-1.5% yearly) compared to regular plans. Pay easily through UPI, and you’re set.
Your app then becomes like a money tracker. The home screen shows how much you’ve invested and how it’s growing. Want to invest more? Just tap the ‘Invest’ button. Need money back? The ‘Withdraw’ option sends money to your bank in 2-3 working days.
Remember, investing is about growing your money over time. Check your investments once a month – that’s enough to stay on track without worrying too much about daily changes.
Documents Required For Opening Up A Mutual Fund Account App
Opening a mutual fund account needs just a few basic documents that prove your identity and address. Here’s what you’ll need:
Essential Documents:
● PAN Card: Your primary ID for all financial transactions
● Aadhaar Card: Used for quick KYC verification
● Bank Account: Active savings account that’s in your name
● Photo: A clear selfie taken through the app
● Email ID & Phone: Must be linked to your Aadhaar
The app makes document submission simple – just click clear photos of your PAN and Aadhaar through your phone camera. Most apps now use video KYC, meaning you can complete verification through a quick video call, all from home.
Methodology: How We Evaluate Best Mutual Funds Apps
Our team uses a detailed testing process to review each mutual fund app. We rate these apps based on five key areas that matter most to users:
1. Safety & Security
We check how each app protects your money and information. Every app must have strong password protection and two-step verification. We test their data encryption and look for safety certificates from recognized authorities. Apps must also send instant alerts for all transactions.
2. Ease Of Use
Our team downloads and tests each app extensively. We examine how smooth the process is – from registration to 3. making your first investment. The app should have clear menus, quick loading times, and helpful guides. We check if finding and comparing funds is easy and if the investment process is glitch-free.
3. Investment Options
We count the number of mutual funds available and check their variety. Good apps offer many fund choices – from safe debt funds to growth-focused equity funds. We also see if the app shows clear fund information, past returns, and risk levels.
4. Costs & Transparency
The best apps charge no extra fees for direct mutual funds. We examine all costs – including hidden charges. Every fee should be clearly shown before investing. We also check if the app explains fund costs and exit loads properly.
5. Customer Support
We test the help section thoroughly. We make multiple calls to customer care, send emails, and use chat support. Good apps respond quickly and solve problems effectively. We also check if they offer support in different languages and have helpful learning resources.
Based on these factors, each app gets a score out of 100. We regularly update these scores as apps add new features or fix problems. Only apps scoring above 80 make it to our recommended list.
Final Words
Choosing the right mutual fund app can make a big difference in your investment journey. From our detailed analysis, each platform brings something unique to the table. Zerodha Coin stands out for passive funds, while Angel One impresses with its extensive 4,000+ scheme collection. Upstox makes direct mutual funds accessible with zero extra costs.
For new investors, Groww’s user-friendly approach and educational tools make investing less daunting. HDFC Mutual Fund and ICICI Direct offer the reliability of bank-backed platforms, while UTI Mutual Fund brings 60+ years of trusted experience.
Before picking a platform, consider:
● Your investment goals
● Comfort with technology
● Preferred investment style (SIP or lumpsum)
● Need for research tools
● Customer support requirements
Remember, while these platforms make investing easier, mutual funds still carry market risks. Take time to read scheme documents and understand your risk tolerance. The best platform is one that matches your investment style and helps you reach your financial goals.
Start with small investments, use SIPs for regular investing, and gradually build your portfolio as you gain confidence. Whether you’re saving for retirement, planning for children’s education, or building long-term wealth, there’s a mutual fund app that fits your needs.
