After a stable income we firstly thought of investing some of it.

In India there are many ways to invest, one of them is Mutual Funds.

What is Mutual Fund ?

Mutual Funds is a platform where big companies takes your small investment   and invest those into the Share Market, Gold, Government Bonds etc. These investments is over watched and maintained by professional manager which increases the chance of profit.

Types of Mutual Funds

There are three types of Mutual Funds in the market: Equity Mutual Fund, Date Mutual Fund, Hybrid Mutual Fund.

1. Equity Mutual Funds

The whole money of Equity Mutual Fund can be invested in the Share Market. This is most beneficial for the Long Term Investors.

2. Debt Mutual Funds

In general on the basis of certain interest this is invested on a bank, which is less risky. It is famous amongst older generation.

3. Hybrid Mutual Funds

This is a mix of the previous two, which kind of balance out the maximum profit and risk of loss by doing the both two. This is very interested on it.popular in today’s market and everyone

Way of Mutual Fund Investing

Two ways are there to invest in the Mutual Fund: First is AMC (Asset Management Company) and second is Use of Third Party Apps for example Groww, ET Money etc.

What is an AMC?

AMC is a company; they invest our money in the share market with the help of the specialist of these fields. In this way customer doesn’t have to about anything and they will get a good amount of return on their invested money.

Fees of AMC

AMC Companies takes minimum charges for their service from the investing money .

AMC Companies of India

Indian AMC companies have their own AMC banks Like SBI, HDFC, IDFC, ICICI, Kotak etc. Before investments on should learn about the investment and the AMC company they are investing.

Apps to Invest in Mutual Funds

Now let’s talk about the second way to invest in the Share Market or Mutual Funds. In India there are some certified apps which perform as the third party investing platform. These apps don’t have their own Mutual Fund but they purchase Mutual Funds from different AMC companies and provide them to their customers. More of it, it is much easy to invest from these apps than AMC companies.

AMC Companies vs. Third-Party Apps

To invest with the help of AMC companies required a certain high amount of money  and they have to use specific bank for investing that money. Other hand in the third party apps you can start investing as low as 100 rupees and the whole process can be done within the app. These apps has many ways to protect the investments.

Best Apps to Invest in Mutual Funds

There are many apps for this but most popular and trusted are named below:

1. ET Money
2. Groww
3. Upstox
4. Zerodha
5. Paytm Money

My Opinion

I believe that using the third party apps for investing in the Mutual Fund or Share Market because it is very easy to use and also you can start investing with very low amount of money.

I believe that Groww or Zerodha app is best app for investment.

If you want to know more about the Groww App check out  our next blog post.