Groww - Best Way To Invest In Mutual Funds

by - Pranav Singh Rayat on - July 17, 2018
Groww - Best Way To Invest In Mutual Funds




Almost every financial year, a lot of people plan to start mutual fund investments or think of managing their investment portfolios, but get too intimidated by the complex investment world and traders. For anyone who is looking for easy and quick investing options, the app world offers plethora of mobile apps to dispel any investment woes. We bring you the best app, which make investments uncomplicated, and ensure that money management remains in your hand.



Now let's check the groww app.

  • First you need to install the Groww app from the download link given below. 

  • After installing the Groww app you need to complete some e-kyc verification in which you will need to give your Pan Card, Aadhar Card, Bank details and signature. 
  • No need to do any paperwork also you don't need any agent for verification. 
  • After giving your e-kyc details it will take approx 1 day for verification. 
  • After the verification process omplete you can start investing now. 

When you open the app, it will ask the security check to open the app if you set any passcode, now enter you security pattern which you've set so nobody can enter in this app without your permission.

On the main screen you will see Investment Plans, Most Popular Funds, Daily News and my favorite Handpicked Collections.



In Handpicked Collections - You'll see:Top Tax Saving Funds - If you invest in ELSS then you can save up to Rs.45000. (Under Income Tax ETC Section)


  • Top Low Risk Funds.
  • Top High Return Funds.
  • Balance Return & Risk.
  • Top Large Cap Funds.
  • Top Small and Mid Cap Funds.
If we broadly classify Mutual Funds there are three types: Equity, Debt and Balance Fund. Overall which are performing better you will see in their Handpicked Collections.

Let's open one of them, so let's check Top High Return Funds.



On the top you will see the highest return bank. After opening that bank you will see a graph which shows the fluctuation of NAV, there are presets available such as 6Month, 1Year and 3Year.


If you fixed deposit in bank then you will get return of 7% to 8%. If you invest in gold or properties then you'll need more money to invest but in this you can start investing with a small amount. It will also shows you the Fund Size. Below you will also see there is a SIP Calculator, let say if i invest Rs.2000 per month and then i'll choose the duration 1Year, it will show the Historical returns below.



The user interface of this app is excellent, you can simply see the pros and cons of the Fund also you can see the comparison with other funds within this app.





It will also shows the top 10 holdings, below you will also see the expense ratio. There is also mention the name of the Fund Manager if you want to research about the manager.





Now let's click on Invest Now, it will give you two options such as SIP and One Time. If you choose SIP then you can invest every month, same if you choose One Time then you can do one time Investment. You can enter the amount and click proceed then the amount will be debited from linked bank account through net banking. That's all your Investment done.

This app also give you the option to search other funds that are available by simply clicking on the search icon.



On the dashboard you will see all your funds.

Features:
  • This application is full paperless.
  • All your funds will show systematically arranged.
  • Excellent Customer Service.
  • No ads in the app.
  • User friendly & simple to understand user interface.

Groww Website: https://groww.in/

Verdict:

If you never invest in mutual funds or if you want to invest, then Groww app is best option for you. You should definitely try this app once to earn money from mutual funds.


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