Modern relationships is all about equal partnership and financial goals. This activity can be confusing and intimidating and usually needs some support. This Valentine’s Day, do something a touch different for yourself and your dear ones. In this world of DIY, visit these popular investing apps, get yourself financially educated, break down your preferences and start your investment journey with free or low costs.
Groww – It is an app-based investment platform that has become a game-changer for a new generation of investors. Their focus on establishing simplicity, transparency and empower first-time investors with financial knowledge, and enabling them to make an investment decision is a key USP to attract young gen investors. The app has been designed with preferences of millennials in mind and today, 60 percent of Groww’s user base is spread across the country. One can make payments through UPI and with Groww entering into stocks, now first-time investors can try their hands on the stock investments as well.
ET Money - ETMONEY, India’s largest app for financial services, offers different personal finance products including Direct Mutual Fund, SIP Investment, ELSS. It recently crossed Rs 2,000 crore in mutual fund transactions through its platform and has integrated Unified Payments Interface (UPI) as a payment option on the application. It is available both on Android and IOS. It's rated 4.6 on Google PlayStore with more than 5,000,000+ installs.
Goalwise - It is a new-age Mutual Fund investing platform which provides goal-based investing for investors looking to invest in direct mutual funds. With Goalwise, one can easily set up SIPs or invest a lump sum in the Best Mutual Funds chosen by the platform's algorithms. It is ideal for first-time investors looking to get started quickly as well as for experienced investors looking for planning and automation. The app has features like automatic fund selection and switching, automatic asset allocation based on the goal’s time horizon. The app is highly customizable - everything, starting from goal settings, fund selection, asset allocation, and risk profile can be customized to suit the needs of every individual investor.
Paytm Money - It is a wholly-owned subsidiary of One97 Communications Limited that owns and operates Paytm, and is India’s largest online platform for mutual fund investments. The platform has partnered with all 40 AMCs (Asset Management Companies), and has 30 lakh users on the platform in less than 10 months. On Paytm Money, investors can start investing from as low as Rs 100. The onboarding process is entirely digital. They enable investments from 200+ banks for investments. They offer only direct investment plans, with lower expense ratios which result in higher returns.
Scripbox - It is a wealth management app that aims to make MF investments super easy. It is registered with Association of Mutual Funds in India as a Corporate Distributor of Mutual Funds. It is free of charge for investors and uses AI to help investors make investment decisions. It was founded in Bengaluru in 2012 and is considered to be one of India’s fastest-growing asset management groups with Rs 1500 crore in assets under management. Creating awareness and building knowledge is their key mantra.