How to Choose the Best App for Mutual Fund Investment in India?

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Are you looking for the best app to invest in mutual funds? With numerous mutual fund apps in India, finding the best mobile app to invest in mutual funds can indeed be a difficult decision. Choosing the right investment app is crucial as it ensures access to various mutual funds and features. Not only this, but it also provides a user-friendly platform for managing your investments efficiently. In this article, we’ll explore the growth of mutual fund investments in India. Additionally, we’ll walk you through key factors to consider when selecting the best app for mutual fund investment.

Growing Popularity of Mutual Funds Investment in India

The MF Industry’s AUM has grown from ₹ 23.16 trillion as of February 28, 2019, to ₹54.54 trillion as of February 29, 2024. 

This is a more than 2-fold increase in a span of 5 years. 

Mutual funds are gaining popularity as they offer a convenient way to invest in a diversified portfolio of securities. Secondly, professional fund managers handle them.

Choosing the best app to invest in mutual funds is crucial for managing investments efficiently.

Now comes the question: which is the best app to invest in mutual funds?

You must check the features of the multiple mutual funds apps before you pick the best one.

Key Features to Consider When Choosing the Best Mutual Fund Investment App in India

  • Easy-to-Use Interface: Look for a mutual funds investment app that’s easy to use.
  • Variety of Mutual Funds: Make sure the app offers various investment options to suit your needs. You can choose from tax savings, debt, balance funds, etc.
  • Performance Tracking Tools: Check for the availability of trading tools that help you keep track of your investments.
  • Research and Analysis: Look for a mutual funds investment app that provides helpful tools, such as technical indicators.
  • Responsive Customer Support: Choose an app with good customer service to help you with any questions or issues.
  • Cost Efficiency: Transparent fee structure.
  • SIP and Lump Sum Investments: Support for both Systematic Investment Plans (SIPs) and lump sum investments.
  • Platform Accessibility: A user-friendly app accessible on the web, mobile, or desktop that allows you to manage your investments on the go.

Why does Shoonya stand out among mutual fund apps in India?

Shoonya is a zero-brokerage online trading platform that offers mutual funds, stocks, bonds, ETFs, currencies, commodities, etc.

You can invest in all the segments across all four major stock exchanges in India.

Shoonya simplifies mutual fund investments with its user-friendly interface. It offers a wide range of features tailored to investors’ needs.

Let us walk you through these unique features.

Overview of Shoonya| Mutual Fund Investment App in India

Shoonya has rapidly gained popularity among investors in India for its innovative approach to mutual fund investments.

You can invest in multiple types of mutual funds, including;

  1. Tax Saving
  2. SIP Eligible 
  3. Debt Funds
  4. Balance Funds 
  5. Liquid Funds

Launched with a vision to democratise investing, Shoonya has revolutionised the way people invest in mutual funds.

Shoonya continues to gain its loyal user base.

Its zero brokerage model is the reason for its growing popularity.

Key Features of the Shoonya App (Mobile, Web, Desktop)

One of Shoonya’s standout features is its intuitive user interface. It is devised to make investing in mutual funds effortless.

You can access the mutual fund investment app on mobile, desktop and web versions.

The app boasts a comprehensive selection of mutual funds across various categories. 

You can choose from 3000+ direct mutual funds.

Not only this, but this mutual fund app also offers advanced tools, technical indicators, and much more.

  1. Diversification: Mutual funds spread your money across many investments, reducing risk.
  2. Commissions: Shoonya doesn’t charge any fees for buying, selling, or switching mutual funds.
  3. Convenience: You can easily buy and sell mutual funds online.

Investment Tracking and Management

Keeping track of investment performance is essential for optimising returns and managing risk. Shoonya offers a suite of tools for tracking investment performance and managing portfolios effectively.

Shoonya offers everything to make your mutual funds’ investment experience hassle-free, including alerts and notifications.

Customer Support and Resources

In addition to its intuitive interface and robust features, Shoonya provides exceptional customer support.

Whether through chat, email, or phone, investors can access timely assistance whenever they need it.

How to Use the Shoonya App to Invest in Mutual Funds

To begin investing in mutual funds or even any other segment, you must open a zero brokerage demat account.

Once registered, investors can easily search for and select mutual funds that align with their goals and needs.

Making the first investment through Shoonya is simple.

  1. Simulate: Build different portfolios and test your current investments.
  2. Compare: Easily add and contrast different funds using historical data charts.
  3. Analyse: Assess funds based on 30+ parameters like NAV, Returns, and Risk.
  4. Invest: Seamlessly invest via its web or mobile app at any time.

Advantages of Using the Shoonya App for Investing in Mutual Funds

Investors stand to benefit greatly from using Shoonya for their mutual fund investments.

1. Zero Brokerage

Shoonya offers a zero-brokerage policy for all segments, including mutual funds.

This can especially reduce the overall cost of investing, potentially increasing your returns.

2. Wide Range of Options

Shoonya provides access to over 3000 direct mutual funds across five different categories. This includes tax-saving funds, SIP-eligible funds, debt funds, balance funds, and liquid funds.

3. Convenient Trading Platform

To invest in mutual funds, Shoonya offers a user-friendly platform that is accessible via mobile app, desktop, and the web.

This makes it convenient for investors to manage their investments anytime, anywhere.

4. Advanced Analysis Tools

Shoonya’s platform provides advanced analysis tools that allow investors to evaluate mutual funds based on over 30 parameters, such as NAV, returns, and risk.

This helps you choose the best mutual funds suited to your investment objectives.

5. Quick Modification

Investors can easily modify their mutual fund investments through Shoonya’s app, web, or desktop platform.

6. Advanced Security Measures

Shoonya ensures advanced security measures on its platform. It provides a secure environment for investors to transact and manage their investments.

7. SIP and Lump Sum Options

With this mutual funds investment app, you can invest through Systematic Investment Plans (SIP) or lump sum investments.

SIP allows for regular and disciplined investments. 

On the flip side, lump sum investments provide the opportunity for larger one-time investments.

8. Educational Resources

Shoonya provides comprehensive educational resources, including blogs, news, FAQs, and a YouTube channel. These help investors improve their trading skills and knowledge.

Why Should You Choose Shoonya?

Shoonya boasts accolades such as Best Discount Broker 2022, Entrepreneur of the Year in the Trading Business Award at the 13th Entrepreneur Awards 2023, and the prestigious Benzinga Global Fintech Award in 2017.

This is due to its hassle-free investing experience.

If you are just starting out, Shoonya is indeed the right fund app due to its beginner-friendly resources.

Download the Shoonya app today!

FAQs| Best App for Investing in Mutual Funds

1. Which is the best app for investing in mutual funds?

When selecting the best app for mutual fund investments, consider features like a diverse range of fund options, a user-friendly interface, and cost-effectiveness. The top app would typically offer various funds with transparent brokerage fees.

2. Which online app is best for mutual funds? 

The ideal online app for mutual funds should provide a seamless investment experience, whether for lump sum or SIP contributions. You must choose the one that offers a transparent fee structure.

3. Which is the best platform for SIP?

For SIP investments, the best platforms combine ease of use with a full suite of features and the advantage of zero brokerage trading, allowing investors to set up, manage, and track their SIPs efficiently.



Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.