Top 5 Apps To Generate Investment Ideas In India (2022)

In the digital age, with the shift from physical to paperless, digital mode of life, transactions too have flourished in the digital space. Numerous investment and tracking apps have sprung up over the past decade which make investing and tracking investments an effortless and seamless activity. Listed below are our top five picks for the best apps to generate investment in India in 2022.

1.) Groww

Groww is an easy and user-friendly app for searching and analyzing mutual funds. It allows users to select from its pre-made investment portfolios based on their risk profile, if they do not wish to bother with creating their own investment list. Users can make their first transaction on the platform after completing the KYC process digitally. After a user links their bank account to Groww and makes investments through the platform, a panel is created charting their performance. Groww allows direct investment in the stock market as well. It includes an SIP calculator to helps users assess their their investments and returns based on the goals they had set. It also provides charts for a quick analysis of investment performance.

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2.) ET Money

ET Money let’s users track their investments and expenditures. It is a single platform where users can track their cash, e-wallet, and credit card transactions along with their investments. It can also track investments that weren’t made through the platform. Additionally, it charges no commission on investments in mutual funds, and supports Lumpsum as well as SIP investments. It’s verification process is also quiet simple, and can be done online. ET Money provides users with a customized list of schemes in varied categories to select from, along with short, informational in-app videos, both of which are especially useful for new investors.

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3.) Paytm Money

Although relatively new to the field, Paytm Money has gained popularity among investors partly due to its being integrated with the Paytm Wallet app. Users can also download the app separately, if they do not want to use Paytm Wallet. Users can move investments made on different platforms to a single space using Paytm Money. It also allows switching from commissioned, regular funds to non-commissioned, direct funds. Paytm Money also masks users’ portfolios so that their invested amounts are not visible to others, checks the exposure to risk of funds that are to be invested, and sends users reminders about their SIP payments.

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4.) Money Control

Money Control is a highly interactive investment app that allows users to track their mutual fund investments and stocks performance. The app is available in English, Gujarati, or Hindi, and offers voice search provisions for searching indices and stocks. It also tracks ULIPs and commodities quickly through various portfolio accounts. Users can interact with each other through the app and follow their favored topics and message boards as well. Money Control also streams live TV and news updates, and comes with currency converter and voice search features. Users can use Money Control to invest in mutual funds, keep real-time track of stock movement, and check the top gainers and losers on the BSE and NSE. The app also supports redemptions, investments, and setting up or cancelling of SIPs.

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5.) Smallcase

Smallcase is an investment platform that helps users build long term, low cost, diversified portfolios. Each ‘smallcase’ is a portfolio of ETFs/stocks that is managed by professionals and follows a strategy, theme, or idea. Smallcase offers a wide range of over 500 pre-made stock investment portfolios for users to select from, which are all made and managed by investment professionals registered with SEBI. As of now, smallcase supports demat accounts with 14 of the leading Indian stock brokerages, namely Groww, Zerodha – Kite, ICICI Direct, Upstox, Motilal Oswal (MOSL), HDFC Securities, Axis Direct, IIFL Securities, Kotak Securities, Angel Broking (or Angel One), Alice Blue, 5paisa, Trustline, and Edelweiss. Smallcase is trusted by over 45 lakh investors, and allows users tk withdraw their money from the platform at any time without paying any exit fee.

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