Best mutual funds app for India
Which mutual fund investment apps would you recommend that offer good control over invested funds? Why would you recommend it? On the contrary, which apps should I avoid at all costs?
Kendall Lee
Stealth
10 months ago
Kuvera bro.
Avoid Groww.
Jordon Lee
Stealth
10 months ago
1. Kuvera is run by an actual ex Portfolio Manager at Morgan Stanley. So the guy comes with experience. Unlike Groww.
This is a huge factor for me. Finances are very personal and very important to me. Important to trust somebody who actually understands the business in-and-out.
2. Kuvera doesn't send you random and mindless emails. Groww sends a lot of spam (which is of no use). If you've signed up at both places, just search your inbox.
3. My elder brother uses Groww. He has sometimes got calls from folks actually working at Groww telling him to invest at X & Y. Like wtf? Where did his privacy go? This looks similar to shady practices imbibed by HDFC. This has never happened in my past 3 years using Kuvera.
If somebody wants you to invest in Product X, Y, etc... at a larger level it seems they're more interested in getting your money, and not letting you do your own due diligence while investing.
4. One of my friends who had created his account at Groww, he had his DeMat account automatically created without him even opting for it. Lol. He already had a different DeMat account that he was using to invest in stocks. Groww created one without his knowledge.
5. Kuvera is easy to use compared to Groww (personal opinion. My bro and mom use Groww.) Have always struggled to understand the UI of Groww. There's just too much present there. Keep it simple for retail investors please?
P.S. If Kunal Shah buys out Kuvera, I'll search another platform. Don't want my UI to change to a stupid gambling machine which pukes -ve worth coins that can only be used in Kunal's ass.
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If you will ask so many questions in a single post, chances are most people will ignore it. π
Btw, you can use either of Coin or Groww. No need to look beyond that.
Haha, all questions are similar in nature. My boss is slow to understand so I've developed a habit of repeating things in different words.
Does Groww offer good control over funds to withdraw them?
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Been using Groww for more than 4 years now and I haven't found a reason to not trust them. Have about 1 Cr worth portfolio on it.
I have heard zerodha gives better stats if you are an active investor but Groww is decent enough if you're just looking for SIPs.
Kuvera. Avoid using apps which tie your Mutual Funds to a Demat Account like Coin.
Hey friend, why should we avoid that? Thanks!
I'm a noob at mutual funds
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You can use Groww for MF (not saying because I work here lol)
Because groww doesn't earn any money from MF and most of the funds are direct funds so that you don't have to give commission to mutual fund houses π
Isnβt all the discount brokers like Zerodha, paytm money, ET money offers direct mutual funds?
Aaron Lee
Stealth
10 months ago
I think zerodha charge 300 rs per year as maintenance charges.
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