A mutual fund, nothing but a type of organization that would take money from people, would create a pool of funds, and this pool of funds will be invested in different kinds of investments. When someone invests in mutual funds, he/ she will thus become a shareholder of the fund. A mutual fund will have a fund manager who will be liable for the invested money into specific securities for better growth and rapid interest rates.

Mutual funds, invested in different avenues, will get profits and they will share them with the shareholders. From these profits, the organizations will take a 1 to 3% profit ratio and the rest of them will be distributed to the shareholders.

There are many mutual funds in which you can invest your money, but before that, you need to know all the terms and conditions of the apps, and then only you can find the best app for you.

Let’s compare the two most famous apps Paytm Money and Et Money, and their advantages and disadvantages. Through one app one can invest in almost all mutual funds schemes. Let’s elaborate on the two apps briefly.

Paytm Money

Paytm Money, is a very advanced app, with many features given inside. This app was launched through Paytm, many options and advanced features are provided in which you can invest in all the mutual funds inside it.

Whether in a textile or a big company you will be able to invest in all of those mutual funds via one single app. The features that are provided in this app are –

In this app, you can get the facility of NPS, through which you can invest in various NPS schemes through Paytm Money.

Managing your invested funds will become easier through this app. So, investing in stock markets at any time is now an easier task.

This app has some backdrops too. As the user interface is quite disappointing, all the options are given on one screen simultaneously, so it seems kind of old for beginners, and using it can prove difficult.

But considering the variety of features, one can easily like the app according to their needs. The customer service is not good enough to serve customers.

Paytm Money also assures that you will not face any security issues while using this app. The entire process is regulated by CEBI, in which your invested money is completely secured and in safe hands, by which you can get the confidence to invest more. And the most relaxing fact is that you don’t have to pay any charges, it’s free.

No matter how much money you invest Paytm Money won’t charge you any money. Only the charges which will go from you are the four things, which you deduct from your MP, and that charge will also be taken from you through Alp. Otherwise, no other extra charges will be applicable.

ET Money

Et money is also a developed and growing app with a lot of options and newly added exciting features. In this app, you can invest in almost all mutual funds including NPA, insurance, etc.

This app also allows you to take a personal loan, which you can manage through this app and pay installments through ET Money.

ET Money is also regulated by CEBI, so one no need to worry about their invested money as they are in safe hands.Like other apps one doesn’t have to pay any extra charges, even the entire procedure is free here.

You can invest as much as you can. But whatever charge is taken from you is through the app, though MCE.

As elaborated above, these two apps are very much advanced and worthy too. But one who is a beginner and had almost no idea about investing, starting from zero, then these apps can help you out. Apart from that one can manage their mutual funds anytime anywhere they want to.

The modern-day needs some portfolio to enhance our living standards. Mutual funds are the most trustworthy as well as risky investment procedure but if someone gets into it completely they will never get lost.

Money will make money, but patience in this sector is the most important factor as well as a good app and the most obvious one need to invest a good share to enhance their investments and for getting good returns. In this genre of digital India, one must know to tackle all the online paper works and try to manage things virtually, we have tried to mention almost all the merits and demerits of the apps, and investing is up to you.