Which platforms are best for mutual funds?

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Which platforms are best for mutual funds?
22 Mar 2024
4 min read

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Mutual funds are a popular choice among investors. The mutual fund industry has seen a 19% growth in 2023. Young people are investing increasingly in mutual funds because of the variety of investment options and cost efficiency. 

Hence, finding the right platform to begin your investing journey is important.

Which app is best to invest in mutual funds?

What is a mutual fund platform?

A mutual fund platform, also known as an investment platform, is an online service or intermediary that allows investors to buy, sell and manage a variety of mutual funds and other investments provided by different asset management companies.

It serves as a one-stop shop for investors to diversify their investment portfolios. Such platforms offer services and tools for investors to research, compare, and analyse different investment options. They also offer features like performance tracking, investment advice, and portfolio analysis, making it easy for people to invest.

Which trading platform is best for mutual funds?

The investment market has grown rapidly, and various mutual fund platforms have hit the floor. Let’s look at some of the best websites for mutual fund investment:

  1. Coin by Zerodha

Coin by Zerodha is a popular platform and a simple app for mutual fund investing. With the app, you can create an SIP at any time. Coin by Zerodha has a navigable interface and provides features like a dedicated investment calculator.  

  1. Groww

Groww is another platform for mutual fund investing. It has an easy user interface that allows investors to make quick and informed decisions without much hassle. The platform has a single dashboard that allows you to monitor your investments and annual returns effortlessly. All you need to do is register on the app and authorise your KYC before investing.

  1. Shoonya by Finvasia

Shoonya by Finvasia is a commission-free trading platform that offers a wide range of services. They provide zero brokerage, trade charges, annual maintenance fees, platform fees and no hidden charges. Additionally, it provides advanced trading tools across multiple devices, ensures convenient fund transfers, and provides good customer support.

Great for beginner investors. 

  1. Kuvera

Kuvera is another investing platform. It has an easy-to-use interface and an informative dashboard. You can create an account, easily manage your portfolio, and track your investments. The app also provides investing information, like trends and analysis to make better decisions.

  1. Paytm money mutual funds App

Paytm is a popular payment app that is widely used in India. The app also offers other financial services like portfolio building and various investments. The app also does not have any hidden transaction charges. Paytm is simple and easy to navigate, and opening an account is no hassle.

Also Read: Must-Read Business Books for Building Your Dream Business

What should you look for in a trading platform before using it?

When looking for the best app to invest in mutual funds, several factors must be considered.

  1. Fees and charges

Platforms may levy fees and charges for the services provided. These include transaction fees, account maintenance fees, and other charges. Look for the fee structure of various platforms and compare them before deciding on a platform. True zero brokerage platforms like Shoonya by Finvasia are great for beginners as well as advance-level investors as they save a lot of money on brokerage and unnecessary charges.

  1. Diversity of investment options

Different platforms will have different investment options to choose from. Some may have various mutual fund investment options, while others may dabble in a particular investment niche. Choose the platform that aligns with your investment goals.

  1. Research and analysis tools

While choosing a platform, look for a platform that offers research and analysis services to the investor. This will significantly help in building a profitable portfolio and make informed decisions. Tools offered by platforms include performance analysis, educational resources, and investment comparison tools.

  1. Customer service

Check the quality of customer service the platform provides. Quick and responsive customer support can be helpful, especially when facing difficulties while navigating through the app or website.

  1. Security measures

Security is of the utmost importance. While deciding on a mutual fund platform, ensure the platform exercises high care in securing your personal and financial information. This may include two-factor authentication, encrypted data, and regular audits.

App Name


Ease of Use

Coin by Zerodha

Simple interface, SIP creation, investment calculator

Easy navigation, dedicated calculator


Minimal features, single dashboard, track investments

Track investments, user-friendly

Shoonya by Finvasia

Zero pricing: Zero brokerage, no account opening charges, commission-free trading

Intuitive interface, advanced tools


Simple interface, goal setting, recommends trending mutual funds

Easy navigation, personalized section

Paytm Money

Wide variety of investments, paperless registration, customer service

User-friendly, easy integration


The mutual funds industry is gaining traction each and every day and luring more people to start investing in mutual funds. As a beginner investor, there are too many platforms available for investing. To make the most of it, compare and analyse to find the best app for mutual fund investment that caters to your financial needs.


  1. What are mutual funds?

A mutual fund is an investment fund that gathers money from investors to invest in various stocks, bonds, and other securities. A professional fund manager or team manages this. When investors buy a share of a mutual fund, they automatically get a stake in its portfolio.

  1. How do I invest in mutual fund?

Investing in mutual funds is straightforward. You can invest in mutual funds through an investment platform like Shoonya by Finvasia, a brokerage firm, or through mutual fund companies. You can open an account and start building an investment portfolio.

  1. Are mutual funds risky?

All investments come with some degree of risk. Mutual funds also have some risk attached to them because of constant changes in the market value of investments. The risk would vary depending on the type of investment.

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