Best App for Long Term SIPs
Need your suggestions advices in which app is better for long term sips. My concern is the app should be easy to understand has less hidden charges and can be looked after for 10 years atleast.
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Kuvera
How was your experience during buying/selling also with customer care support feedback?
So far, I haven't had any issues for going to customer care (which is a good thing). However, I reached out to them for a query and they replied promptly in a few hours. This was in 2021 though.
Groww
How was your experience during buying/selling also with customer care support feedback?
Groww has a simple and easy to use UI. Customer care service is also really nice. I recently had an issue with FD withdrawal and when I messaged them on X they solved it immediately.
You can check ETMoney
How was your experience during buying/selling also with customer care support feedback?
et money and paytm money both are good
Coin - simple and effective UI & UX. I have been managing my portfolios here for more than 3 years. Even if there are any discrepancies or doubts, the support team will just explain all tha stuffs very neatly and quickly. This is Zerodha's MF platform.
Thanks for this concise answer ✨
Would suggest against coin because of demat storing of MFs. That way you are vendor-locked, and can't switch platform in future. Moreover tracking of investment outside Zerodha/CDSL/AMC becomes harder.
PS - I work on MF investment tracking feature
MFcentral
Okayy, How was your experience during buying/selling also with customer care support feedback?
Not SIP, but I use it for lumpsum purchases. So far pretty happy.
Indmoney is good, but I think more than the app you have to inculcate the discipline of SIPs (the more you automate the SIP the better for eg. Setting up auto-pay etc)
Also invest in direct MFs so there will be minimal charges
Thanks for the suggestion @TheseBoxer57
Also, can you suggest some good MF to invest in
Nifty 50 index fund
Invesco india Focused Fund
Cams or Mfcentral. Have been using Cams for last 8-9 years.
Okay i saw mfcentral someone mentioned buts cams is smthng new why cams can u invest in us also?
No you can't invest in US funds. Cams and Kfintech are RTAs for most AMCs in India. Mfcentral was built as a common platform by both firms.
When you invest in mutual fund via AMC website, in backend it's processed by Cams or Kfintech.
You can setup sips on AMC website directly and then track them on any app like ind money etc
This is one better suggestion to be safe but yes it might attract multiple logins if you manage two three mfs
How do you increase SIP YoY on these sites? Opening a new SIP or can we change the existing one?