Tippity. Tappity.
Today, we want everything at the tips of our fingers! Whether it is ordering takeout or consuming content – pretty much every aspect of your life can be managed through a smartphone.
Investing is no different.
Today, there are a number of investment apps in India that allow users to invest with ease. These apps prove to be time and cost-efficient and can help an investor diversify their portfolio so it is best suited to meet their financial goals in life.
We did a little digging on the popular investment apps in India, and thought we’d share this list with you. We have identified some of the key features of the best apps for investing, and we hope this list helps you pick the best one for your investment growth –
- Groww – Groww is a popular investment app in India today. This app offers a wide range of investment options, including mutual funds, stocks, and exchange-traded funds (ETFs). It can truly spoil an investor for choice! Groww, in addition to offering goal-based investing, also allows users to enable portfolio tracking features, allowing investors at all stages of investing to chart their investment trajectory.
Best Feature – Groww offers 2-in-1 account services that allow investors to open a Trading account as well as a Demat account.
- Zerodha Coin – Zerodha is also a popular Indian investment app. It has gained a lot of popularity amongst Gen Z investors due to its affordability and advanced trading features. Through Zerodha Coin, users can invest in various stocks, mutual funds, and options, and the app comes fully equipped with educational resources at the users’ disposal.
Best Feature – This app has a flat ₹20 fee per trade!
- Deciml – Deciml is a popular and easy-to-use micro investing app. This daily investment app allows users to invest as little as ₹1 through spare-change investing! Users can enable automated investing to direct their money toward mutual funds. The app accepts investments through Round-Ups and Daily Deposits, and also encourages users to use Lump Sum investing whenever possible.
Best Feature – Sprint! Deciml’s home screen dial that charts a user’s investment trajectory over 10 years is a great way for investors to gauge their investments and make tweaks to meet their goals!
- Paytm Money – “Paytm Karo” indeed! We’re sure you’ve heard of this popular investment app in India. Paytm Money offers users a wide range of investment options, including mutual funds, stocks, digital gold, and exchange-traded funds (ETFs). The app offers zero-commission investing for mutual funds, and is also one of the best investment apps out there, when it comes to offering information to its users.
Best Feature – Paytm Money offers 1% higher returns if you are investing in a direct mutual funds plan!
- ET Money – ET Money is another useful investment app in India. Stocks? They’ve got it. Mutual funds? You bet! Gold? Yup! The ET Money app offers users a plethora of investment options to choose from. What’s more – the app also offers personalized investment recommendations based on the investor’s risk profile and investment goals.
Best Feature – The ET Money app allows investors to switch their past investments made in regular plans to zero-commission direct plans.
Look, the bottom line is this – no matter what kind of investor you are, and no matter what your financial goals might be – there is an app out there for you!
As a general rule – be sure to check any costs involved with your chosen investment app, and do a recce of the investment options that various apps have made available to users.
As you navigate the many (many!) options that are out there, make sure that you are accounting for cost and time efficiency, the scope to diversify your portfolio, and the availability of educational resources. It helps to find apps like Deciml, that facilitate automated investing in two simple steps – it allows you to be consistent with your investment without really even thinking about it!
Accounting for all these things will ultimately determine whether or not your investing endeavors reap the rewards you want.
Tell us in the comments – what are some of the best investment apps you have tried?
