Want to know best investing app in India Well you have landed on the right article Whether you are a professional or a beginner, securing the future of you and your loved ones by investing in the right plan is a must.
You can multiply your money with a plethora of investment options available. However, the real challenge lies in choosing a plan with not so high risk with profitable returns in the long term.
While selecting, the investor’s profile needs a detailed comparison with risks associated with the certain investment product.
There are two categories of investment products that people consider while saving for financial goals – Financial assets & non-financial assets.
The former include mutual funds, bank deposits, bond, and cash whereas the latter has physical form i.e., land, real estate, vehicles, patents, and trademark.
Depending upon your age and level of experience, you can unleash the power of investing to the fullest through various investment applications available for android users. What follows is the list of best investment apps available for Android OS in India.
Top 12 Best Investing Apps in India (2022)
1. My Cams
Owned by Computer Age Management Service (CAMS), the myCams app is a one-stop solution for mutual fund investors.
Through this mobile-based financial service, investors and scheme providers can view, track and manage investments effortlessly.
With more than 2 million registered users, the large user base has served the platform with a high investment index for portfolio reviews and transactions.
The users get to invest in around 18 participating mutual funds i.e, 60 percent of mutual funds in India.
Features
Video Review
2. 5Paisa App
5paisa app is India-based stock trading and investing platform, especially for beginners.
It allows users to trade and invest in equity and currency trading at NSE, BSE, MCX, and NCDEX – and you require to pay a fee of Rs 10 for each executed order.
Another app, named 5paisa school, provides learning to young investors about safe investment and wealth creation.
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Video Review
3. Angel Broking
Angel Broking is an online share trading and investment app that provides technical analysis and portfolio maintenance services, along with tracking your investments – all in one place.
It also provides learning on how to invest, the basics of trading, and advanced trading.
With the daily, weekly, and monthly reports, investors can make informed trading and investment decisions on mutual funds, bonds, currency segments, commodities, and equity.
Features
Video Review
4. Groww
Groww is one of the best investment App Indian that gives investors the power to unleash multiple asset classes like mutual funds, stocks, Gold, Derivatives, US Stocks, Fixed Deposits, etc.
One can enjoy hassle-free account opening within less time.
Features
Video Review
5. Zerodha
Zerodha is an online trading and investment platform that helps you invest in mutual funds.
It also provides you with learning about stock markets through its education section.
Although the app charges you Rs 200 for opening your Demat account but provides best class service.
The in-depth reports and visualization charts by Zerodha further aid the investment-making process.
Features
Video Review
6. Paytm Money Mutual Funds App
Paytm Money app, owned by Paytm Money, help users invest in mutual funds and stocks.
You can open your Demat account for free with zero commission.
With a well-researched basket of stocks or ETFs, users can build their short-term or long-term portfolios based on their investment strategy.
Features
Video Review
7. Kuvera
Kuvera is an India-based, online investment platform that helps you invest in mutual funds, fixed deposits, digital gold, US ETF investment, insurance, and cryptocurrency exchange.
The account opening requires two processes – a KYC check and a Bank mandate completion, and you are ready for your investment journey.
The whole process is easy with zero commission charges.
Features
Video Review
8. Motilal Oswal Investor app
Motilal Oswal Investor app is one of the leading share market investment platforms in India, built by India’s leading stockbrokers – Motilal Oswal.
Through the MO app, you can invest in stocks, forex, e-golds, and mutual funds.
The key features of this app include advance charts, real-time quotes, monitoring of fund transfers, and portfolio management.
Apart from this, the app has been awarded as the best mobile app for equity research by Zee business.
Features
Video Review
9. ET Money
Searching for the best mutual funds in one place?
ET Money app lets you invest in direct mutual fund plans without paying commission charges.
Owned by Times of India Groups Company, the ET Money app has been considered a good choice for secure transactions.
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Video Review
10. Spenny
Named Acorns of India, the Spenny app automatically invest for you by rounding up your transaction amount to the nearest Rs 10.
All you need is an initial investment of Rs 100, after that, you can invest even Rs 1.
You have got three investment modes to work with – low risk, medium risk, and high risk.
Features
Video Review
11. Upstox
Upstox is a Mumbai-based stock broker online platform for trading and investment in India.
It offers investment in stocks, currency derivatives, commodities, and mutual funds.
What makes Upstox one of the best choices is its low-cost trading services.
The company is registered with SEBI and acknowledged by prominent investors like Ratan Tata and Tiger Global.
Features
Video Review
Conclusion
Choosing the best investment app requires a sound knowledge of market terms such as shares, mutual funds, and stocks. You can start investing with different apps, keeping in check the associated financial risk.
The success of your investment plan requires strategic steps such as setting up your goal – whether you are saving for your retirement, saving for your child’s education, or looking for short-term/long-term investment.
Secondly, you need to have a comprehensive comparison of different schemes beforehand. Not only this will enable you to figure out the plan you need to work with but also help identify the instruments you need to avoid.
Apart from this, certain apps charge you an amount that can negatively affect your investment returns. The choice of app that charges you low and offers commission-free trading is best for low-risk takers.
Each app has its features and benefits, choosing the best one depending upon your goals and present financial conditions is your call.
Frequently Asked Questions (FAQs)
1. Which investment has the best returns in India?
Here is the list of best investment plans in India to get higher returns.
- Savings Accounts
- Liquid funds
- Fixed Deposits
- Fixed Maturity plans
- Equity-linked saving schemes
- Gold
- Treasury Bills
2. Are investment apps safe?
Yes, your funds and transactions are guarded against fraud through encrypted firewall security.
3. What is the safest investment app for beginners?
Some of the safest apps for beginners are Robinhood, Betterment, and Acorns.
4. Is the money I use to trade on investment apps insured?
No, you can lose all or some of your investment amount.
5. Can you use investment apps to trade stocks?
Certain investment apps like Fidelity Investments and Robinhood allow you to trade stocks and securities.
6. What assets can you trade on investment apps?
Certain apps like Robinhood offer to trade on options, securities, stocks, bonds, and ETFs.
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Here are the best 11 app for Investment in India:
