JumpyCoconut
JumpyCoconut

Investment in single app or through multiple apps?

What is your advise when it comes to investment via apps? Do you invest through the same app or distribute investments across multiple apps? For example, if I want to invest in SIPs, is it good to do so through a single app or use different apps for different SIPs? I know the overall investment amount remains the same but just wanted to know pros and cons if any. App suggestions welcome too.

18mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
PeppyCoconut
PeppyCoconut

I just use Zerodha and their MF platform Coin.

SwirlyTaco
SwirlyTaco

There are only two demat account issuers (depositories) in the country - NSDL and CDSL.

The frontend that consumers (aka you) touch are all depository participants (DP) referred by you as apps - eg Zerodha, Kuvera, Kotak Sec, ICICI Sec, etc.

DPs are your gateway into investments but ultimately everything resides with either NSDL / CDSL, so your question is moot.

Choose a single app that is cost optimised for your use case (investments / trading) and has the functionality that you need. All of them are very similar with very little differentiation.

More than 1 account isn't needed for a majority of people. The only ones who have more than one investment app / account split those by use case. Investments in one and trading in another.

Happy investing!

PrancingCoconut
PrancingCoconut
Amazon18mo

There's no point in using multiple apps if you're investing. Maybe traders have them for fee/rates reasons

I use Zerodha and their UX, ecosystem is pretty nice

JumpyCoconut
JumpyCoconut

Thanks for the advice everyone. Helps. :)

Discover more
Curated from across
Personal Finance
by JazzyPandaSoftware Developer

Help with getting started

Context : I have been saving up money for over a year now and not actively invested it anywhere due to x reasons.

Now I want to start SIPs as I have achieved my emergency fund and want to reap the benefits of the power of compounding.

...

News Discussion
by GigglyTacoCisco

Need suggestion for SIP

Helllo All . I am a newbie in mutual fund investment.
Need suggestion to start SIP . Which is best reliable app in context of UI , overall stability , buying and withdrawal, consistancy

Below are few options I have explore till now ...

Banking & Finance
by GigglyTacoCisco

Need suggestion for SIP

Helllo All . I am a newbie in mutual fund investment.
Need suggestion to start SIP . Which is best reliable app in context of UI , overall stability , buying and withdrawal, transaction consistancy

Below are few options I have explo...

Personal Finance
by JazzyBiscuitMoengage

How do you invest your salary?

It's been close to a year since I am earning a salary and this is what I do:

  1. Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount ...
Top comments
user

Following the 50-30-20 rule for 5 years now. Started with a salary of 6LPA fixed. Now at 25LPA. Investing ...

user

I do the same. Invest 50% in MF(Flexi cap and Index funds) and remaining in 80C instruments here and there. Tip - M...