Best mutual funds app for India

Thank you for the suggestion, Kuvera looks interesting. Why avoid Groww?

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.

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?

Never used Groww, big Zerodha fan. :P

bruh 1cr, how long have you been investing?

4.5 years. My current SIP amount is 1.5L per month and the market's doing well lately. I started investing right from my second salary.

Hey friend, why should we avoid that? Thanks!

I'm a noob at mutual funds

Read this wiki from r/indiainvestments.

https://www.indiainvestments.wiki/faqs/mfs/should-i-get-a-demat-account-to-buy-units-in-mutual-funds

https://www.indiainvestments.wiki/faqs/mfs/best-mutual-fund-app-for-investments

Isn’t all the discount brokers like Zerodha, paytm money, ET money offers direct mutual funds?

I think zerodha charge 300 rs per year as maintenance charges.

+1 for Kuvera

Any specific reason to use IND money, like what additional does it provide?

I liked scripbox for their content. But they only offer regular funds, not direct funds

Yes that is correct. But given the recommendations and portfolio rebalancing, could be a decent option for people who are starting out