5 mutual fund mobile apps for investing ahead of 31 March

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There are few mobile apps which will allow you to invest in direct schemes of mutual funds without any fee.

Investors can also transfer their existing investments in regular plans to direct plans. (Photo: Pixabay)

There are several mobile apps available on the tip of your fingers to install and start investing in direct mutual fund schemes. The biggest advantage of using a mobile app for buying and selling mutual funds is the convenience and ease of transaction. However, there are few apps to share schemes with direct mutual funds, which help you in saving extra commission of 1-1.5 per cent, which you pay to your agency or distributor. All the mutual fund houses offer direct plans for their schemes. Investors can invest in these schemes from the website of the MF house. Investors can also transfer their existing investments in regular plans to direct plans. There are few mobile apps which will allow you to invest in direct schemes of mutual funds without any fee. Here are a few apps which you can use for this purpose.

Piggy

With Piggy, you can invest in direct plans of all the mutual fund investment schemes offered in India. Direct plans are commission free and give you higher returns. Signup by downloading the app to get started. Earn ~1% more by investing in Direct funds through Piggy Mobile App.  Real-Time details for all Mutual Fund Schemes from 35 Mutual Funds available in investments in India. invest in Liquid funds, Debt funds, Equity funds and Gold Funds on click and transfer funds online from your savings account.  Build your own customized portfolio as a personal tracker to monitor your investments and wish lists. The app has so far received 100000 + downloads so far.

Goalwise

Goalwise is a new-age Mutual Fund investing platform which provides goal-based investing for all. With Goalwise, you can easily set up SIPs or invest a lump sum in the best Mutual Funds chosen by our algorithms which have given higher than market returns in the past. It is ideal for first-time investors looking to get started quickly as well as for experienced investors looking for planning and automation. The app has features like automatic fund selection and switching, automatic asset allocation based on the goal’s time horizon. The app is highly customizable - everything, starting from goal settings, fund selection, asset allocation and risk profile can be customised to suit the needs of every individual investor.

KTrack Mobile App by Karvy

This is personal mutual fund manager mobile App from Karvy. An investor can invest through lump sum or SIP through this mobile app. They can redeem the funds/switch to funds. This app is also useful for distributors who can track their client's mutual fund portfolios at one place.

myCAMS

myCAMS brings a host of features - get one view of your MF portfolio, open new folios, purchase, redeem, switch, set up SIP and more. The app facilitates faster, easier and smarter ways to transact in Mutual Funds. myCAMS brings a world of digital convenience for online Mutual Fund Investing. Now you can open new folios, view existing portfolio, check Mutual fund NAVs, set up Systematic Investment Plan (SIP), opt for Common One Time Mandate (OTM) and do more across Mutual Funds serviced by CAMS through a single, secure gateway. Please consult your financial advisor, for investment related advice.

Coin

Invest in over 3000 commission free direct mutual funds across 34 fund houses and save up to 1% more per annum compared to regular mutual funds. Join 1,50,000 investors who have invested over 2500 crores and collectively saved 30+ crores in commissions.

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