For investors seeking to keep tabs on the performance of their mutual fund investments, tracking their portfolio can be a daunting task. Fortunately, modern technology offers a variety of solutions to simplify this process. Android apps tailored specifically for tracking mutual funds are particularly popular among users, offering a number of features to help investors stay informed and make informed decisions. In this article, we will explore the characteristics of the best Android app available for tracking mutual funds.
We have compiled a list of 6 Best Android App To Track Mutual Funds for your consideration, which have undergone rigorous testing and evaluation by our team of experts.
6 Best Android App To Track Mutual Funds
1. myCAMS Mutual Fund App
myCAMS is a mobile application that offers a range of features for transacting in mutual funds. It provides a single gateway to multiple mutual funds, including those from Aditya Birla Sunlife MF, DSP MF, HDFC MF, HSBC MF, ICICI Prudential MF, IDFC MF, IIFL MF, Kotak MF, L & T MF, Mahindra MF, PPFAS, SBI MF, Sriram MF, Tata MF, Union MF, and WhiteOak Capital MF. With myCAMS, users can get a one view of their mutual fund portfolio, open new folios, purchase, redeem, switch, and set up SIPs.
The app has won several awards, including the Best Financial App Award at GMASA for three consecutive years since 2015, the Best use of Digital Platform for Mutual Funds at Drivers of Digital Awards 2017, and the Winner of Best Application of Technology at CX Strategy Summit and Awards 2018.
In terms of security, myCAMS is designed to be secure and does not store any information on the user’s device or SIM card. Users can download the app and stay connected to their mutual fund investments at all times.
2. SigFig Wealth Management
SigFig offers intelligent investment portfolios and personalized investment guidance with access to licensed advisors, all for a low fee. The service is designed to create a personalized plan that considers an individual’s needs, timeline, and tolerance for risk. Compared to traditional advisors, SigFig offers a significantly lower cost while still providing a secure investment strategy.
The service offers several benefits to investors, including lower fees, continuous portfolio monitoring, tax-efficient investment strategies, dividend reinvestment, and daily monitoring and rebalancing. Additionally, investors have access to licensed Financial Advisors who can answer any questions, help uncover additional opportunities, and keep investors on track towards their financial goals. SigFig also offers a comprehensive overview of existing portfolios and the ability to create a personalized investment strategy.
SigFig connects with over 50 leading brokerages, including Fidelity, Schwab, and TD Ameritrade, making it easy to manage all accounts in one place. Security is a top priority, and SigFig uses bank-level encryption and protection to secure financial information. Investors can access their accounts with TouchID or a secure PIN. SigFig is an SEC registered investment advisor and a member of SIPC, which means that securities are protected up to $500,000, including $250,000 for claims in case.
For any questions, investors can contact the SigFig team via email, message through the app, or by phone.
3. Groww – Stocks, Demat, Mutual Fund, SIP
Groww is an investment app that allows users to easily invest in mutual funds, stocks, IPOs, and trade in the stock market. The app offers a 100% paperless onboarding process and allows users to invest in popular mutual funds, stocks, and IPOs in just a few minutes from the comfort of their own home.
Users can invest in any direct mutual funds by SIP or lump sum at 0% commission for free. For existing investors, switching regular investments plans to direct mutual fund plans can lead to extra returns. Groww is a simple Demat and stock trading app that enables users to open a free Demat account and trade BSE, NSE listed stocks in the share market at a low brokerage on the stock orders.
The app features smart filter options to get the top mutual funds listed under different categories based on metrics, a mutual fund SIP calculator to help users estimate the returns for an investment over a period, and a stock trading app made simple with 1-click to buy/sell shares. Users can view beautifully designed line and candlestick charts that show share price movements, historical performance, and complete information about all companies, enabling informed decision-making. In addition, the app provides the latest finance news and insights, including share market news, free stock investing for beginners content, and videos. Groww uses 128 bit SSL Encryption, a high level of encryption standard for all transactions, which makes it as safe as a bank.
4. Coin by Zerodha
Zerodha provides users with commission-free direct mutual fund schemes from 40 fund houses. With over 2.5 lakh investors who have invested over 4500 crores, the platform allows for flexibility in creating, pausing, and modifying SIPs anytime, instantly and hassle-free.
Users can easily search and discover funds through easy-to-navigate themes, fund categories, and scheme details. The platform also provides detailed information on the weights of underlying securities and sector-wise data through view scheme holdings.
Fund house views offer short videos featuring fund managers explaining their fund management philosophy, which helps users with their fund selection process. Additionally, Zerodha allows users to save taxes under Section 80C by investing in ELSS funds and provides a one-click statement to file taxes.
The platform also offers instant payments through UPI payments and allows users to create automated fund transfers through eMandates to fund SIP instalments. Other features include viewing curated schemes in different categories, annualized (XIRR) and absolute returns, and mutual funds being held in demat form, making them easier to pledge as collateral for a loan against securities and margin for trading in derivatives and stocks.
Zerodha is a member of NSE & BSE and holds SEBI Registration No.: INZ000031633. CDSL also provides depository services through Zerodha Securities Pvt. Ltd., holding SEBI Registration No.: IN-DP-431-2019.
5. ET Money- Mutual Funds, Stocks
ET Money is a top-rated personal finance management app in India that offers various investment options, including mutual funds, fixed deposits, and insurance policies. Direct mutual fund investment is fast, easy, paperless, and secure with ET Money, and users can invest in top-rated mutual fund schemes selected through expert recommendations. Additionally, users can invest in different mutual funds, such as equity mutual funds, ELSS mutual funds, small-cap, large-cap mutual funds, balanced funds, gold mutual funds, sector mutual funds, or international funds, all from one mutual fund app.
The app offers no transaction charges, no hidden fees, and 0% commission on mutual fund investments, making it the best mutual fund app. It supports all UPI payment apps and enables one-tap payments through NPCI emandate and net banking for mutual funds investment via SIP/Lumpsum. Users can also switch their existing Lump Sum or SIP mutual funds from other apps easily. The app provides one investment dashboard to track all past mutual fund investments invested externally or outside of ET Money. Users can upload PDF for all external mutual fund investment for better portfolio tracking, track returns of their mutual fund investment portfolio, and get investment health reports as well as ideas to improve returns and reduce risks.
ET Money offers free mutual fund investment account creation in few minutes and users can start their mutual fund investment journey with ₹500/month via SIP in top mutual fund schemes.
6. Portfolio Tracker – Wealthy
Wealthy App is a free and automated financial management app that functions as a Mutual Fund Tracker, Investment Tracker, Portfolio Tracker, and Wealth Tracker. It facilitates real-time tracking and management of mutual fund and stock investments across family members. The app supports all Indian mutual funds, including Equity Funds, Debt Funds, and Hybrid Funds.
The Mutual Fund Tracker of Wealthy employs machine learning algorithms that provide a comprehensive analysis of investments. It offers insights on asset allocation across classes, holding period, investment strategy, and recommendations. The app is hosted on a private network and uses bank-grade encrypted storage, ensuring complete privacy and security. Wealthy’s Portfolio tracker app has passed all Google’s security audits.
Wealthy’s Mutual Fund tracker provides a range of additional features, including Portfolio Management, Asset Management, Wealth Management, and Mutual Fund Investments. Users can book appointments with trained Financial Advisors to discuss their financial needs. Investment strategies such as Advanced SIP, Tax Saver, Smart Switch, Diversified Portfolio, and Debt Portfolio ensure that users can manage their wealth according to their goals.
Wealthy’s investment process is hassle-free, and users can invest in their chosen mutual fund portfolios within minutes. The app provides options for monthly and one-time lump sum investments, and investors can withdraw their investments within 3 working days. Wealthy ensures that investors’ money goes directly to Fund houses, ensuring complete safety.