Which is the best app to buy mutual funds in India?

For beginners, Groww is the best app — zero commission, no demat needed, SIP from ₹1. For active traders, Zerodha Coin is best as it integrates with Kite. For tax planning + MF, ET Money is excellent. All support direct plans with zero commission.

Is Groww or Zerodha better for mutual funds?

Groww is better for beginners — cleaner UI, no demat required, SIP from ₹1. Zerodha Coin is better for experienced investors who also trade stocks and want advanced analysis tools. Both offer direct plans with zero commission.

Do I need a demat account to invest in mutual funds?

No. Groww, ET Money, Paytm Money, and MF Central do not require a demat account for mutual fund investing. Zerodha Coin and Angel One require a demat account. The mutual fund units are held in your folio directly.

Best App to Buy Mutual Funds in India 2026

Unbiased comparison of 6 top platforms — fees, fund selection, SIP minimum, pros & cons. No affiliate bias.

At a Glance — All Platforms

App	Direct Plan	Commission	SIP Min	Demat	Rating	Best For
G Groww India's #1 Investing App	✓	Zero	₹100	Not needed	4.4★	Beginners, young investors
Z Zerodha Coin Direct MF at Zero Commission	✓	Zero	₹100	Required	4.2★	Active traders who also invest in MF
E ET Money Smart Investing Made Simple	✓	Zero	₹500	Not needed	4.3★	Goal-based investors, tax planning
A Angel One Smart Money. Smart Future.	✓	Zero	₹500	Required	4.1★	Investors who also trade stocks and F&O
M MF Central Official AMFI Platform	✓	Zero	₹100	Not needed	3.8★	Investors who want official AMFI platform
P Paytm Money Invest in Direct Mutual Funds	✓	Zero	₹100	Not needed	4.0★	Existing Paytm users wanting to start investing

Head-to-Head Comparisons

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Groww vs Zerodha Coin

for Mutual Fund Investing

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Groww vs ET Money

for Mutual Fund Investing

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Groww vs Angel One

for Mutual Fund Investing

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Zerodha Coin vs ET Money

for Mutual Fund Investing

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Groww vs Paytm Money

for Mutual Fund Investing

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Groww vs MF Central

for Mutual Fund Investing

Our Verdict — Which App to Use?

🌱

Beginners

Groww

Simplest UI, SIP from ₹1, no demat needed, excellent for first-time investors

📊

Active Traders

Zerodha Coin

Best for those already trading on Kite — integrates stocks + MF seamlessly

🧾

Tax Planning

ET Money

Best ELSS + tax filing integration, plus insurance & loan tracking in one app

🏛️

Large Corpus

MF Central

Official AMFI platform — most secure, all AMCs supported, best for ₹25L+ investments

⚡ The Most Important Rule: Always Choose Direct Plans

All apps above offer Direct Plans (zero commission). Never invest in Regular Plans — they pay 1-2% annual commission to distributors, which compounds into lakhs of rupees of lost wealth over 10+ years.

At ₹10,000/month SIP for 20 years: Direct plan gives you ~₹95L vs Regular plan ~₹82L — a difference of ₹13 lakh.

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