If you are also looking for the best app for mutual funds for beginners, then you have come to the right post. Here we will tell you about the best applications for investing money in mutual funds, which you can easily download and open your demat account in them.
Friends, in the last few years, many people have been investing money in mutual funds because you can get good returns from mutual funds. From here, you can double your money very quickly. Mutual funds are much less risky than option trading or intraday trading because here your money is invested in different companies by experts, due to which the risk of losing your money is very low.
What Are Mutual Funds?
You can easily invest your money in mutual funds. There are two ways to invest money here, meaning you can invest money through SIP or you can invest money all at once. In SIP, you have to deposit a fixed amount every month. If you do not want to invest a lot of money at once, then you can make an SIP; this will make it very easy for you to invest money.
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Mutual funds are very safe, and you can get good returns from them. In mutual funds, your money is invested in different companies by a fund manager, which reduces the risk of losing money.
Best App For Mutual Funds for Beginners
To invest money in mutual funds, you will first need a demat account. You can create a demat account in any of the apps mentioned by us and start investing money in mutual funds from here. You can also create an SIP in mutual funds as per your choice.
You can easily create an SIP of a minimum of Rs 500 per month. Some apps allow you to create an SIP of up to Rs 100 per month. By investing money in mutual funds, you can get very good returns.
1. Groww Stocks, Mutual Fund, IPO
Groww is the most popular app in India. You can easily open your demat account here. You can invest money in mutual funds as well as stocks and IPOs here. Groww is India’s number one stockbroker, where you get the facility to invest money in SIP with zero percent commission. You can easily invest money in mutual funds here and get the best returns. Here, you also get 24-hour customer support.
2. Paytm Money: Stocks, MF, IPO
You can also create your demat account on Paytm Money to invest money in stocks and mutual funds. 3.7 million people have created their accounts here. This is a safe and great app from which you will be able to invest money in mutual funds very easily. In this, you get systematic investment plans, through which you can easily invest your money in mutual funds and get good returns.
3. Upstox-—Stocks & Demat Account
Upstox is a very reliable app where you can easily open your demat account. Here you will be able to open your demat account in just a few clicks. If you invest money in mutual funds through Upstox, then you can also make an SIP of a minimum of Rs 100 per month here. Even if you are a beginner, you can easily trade through Upstox. Here, you will find mutual funds explored in more than 15 categories.
4. Angel One: Stocks, Mutual Fund
You can easily create your demat account on Angel One and invest money in mutual funds. Here, you get the facility to invest money in SIP with 0% commission. Angel One has 25 years of experience. This is a great platform that is also very safe. You can open your free demat account in this app.
5. ET Money: Mutual Funds, Stocks
With this app, you can invest money in mutual funds with zero percent commission. All the apps we have told you about are excellent and safe. You can choose any app and start investing money in mutual funds.
Best App For Mutual Funds for Beginners FAQs
If you do not know much about mutual funds and you are completely new, then you should use the Groww app. You have to pay 0% commission to invest money in mutual funds here.
If you want to invest money in mutual funds and you have never invested money in mutual funds before, then you can invest money in Sundaram LT Tax Adv Fund-Sr IV, JM Aggressive Hybrid Fund, or HDFC Balanced Advantage Fund.
Final Words
We have shared with you some great applications where you can invest your money in mutual funds with zero percent commission. All these apps are safe and reliable, too. A lot of people are associated with these apps. You can create your demat account in any of these apps and start investing money in mutual funds.