Mutual Fund SIP App Suggestions
Hi Folks, I was using Paytm Money App for MFs. Started around last year and kept my Auto Pay limit to 25k which I can’t increase now. So I was planning to move to another app like Groww or any other. Which app do you use currently and which would you recommend for MF SIP? Thanks in advance
RashWorld57
Stealth
a year ago
Direct plans are much better without the 1-2% commision. Most active funds & advisors don't beat the index. Bad recommendation 👎
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1899
Stealth
a year ago
+1 hassle-free
Kuvera for the simplicity, and not being pestered to take a loan or credit card or open a demat account
Heard indmoney is struggling. (Source: grapevine itself)
Better to go with something like Zerodha which has certain future than indmoney. Not that you lose MF units if it goes down but the pain of shifting platform, another KYC n all
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Yepp. I started using it recently. It allows investment to all Funds, and it is made in collaboration with the two biggest RTAs kFinTech and CAMS, and with due consent and instructions of SEBI. Earlier it was not having investment feature, but it has brought investment feature too since last 9-10 months. So one can invest in any mutual fund, using this app. And best thing is, it shows all of them at one place, and gives option to redeem, raise complaints etc too.
Grimreaper
Stealth
a year ago
ETMoney is good
Looking_at_you
Stealth
a year ago
+1
baffledwaffle
Stealth
a year ago
I use Coin by Zerodha, happy with it.
TheOatmeal
Stealth
a year ago
I use ScripBox. Do check it out. They review your portfolio time to time and suggest steps
I have been using ETMoney and the options for SIP have a good XIRR and there are also multiple other investment opportunities
Indusplateau
Stealth
a year ago
Scripbox, underdog player. Not mass player
IIRC they do not offer direct funds. I'd suggest you move away from them!
https://www.indiainvestments.wiki/faqs/mfs/direct-vs-regular
Indusplateau
Stealth
a year ago
I didnt find the free direct mutual fund suggestions good enough. I felt that scripbox gave me those suggestions that kept me ahead of the curve. For ex: they suggested gold at the peak of 2021 (and its working), i have a few more examples,so i agree that they r not direct but that proactive suggestions are a lot more valuable than the free platforms. I know you will suggest paid services but I found the cost over time to be equal (especially of the talented ones in the market)
Hello, i think you should take advise from advisor as paytm, and other apps also charge commission so on net basis you are ended up paying commission which is not wrong.
So if you are paying commission, then why not you take advise from professional.
Vespa
Stealth
a year ago
Kuvera is a good option. Or Check out mfcentral
