Using a mutual fund app can change your investing journey completely. Here’s how!
The Covid-19 pandemic has changed the way we look at the world. Isn’t it?
Among other things, people have learnt the importance of saving and investing as a means of creating a financial buffer for unforeseen circumstances. Speaking about investing, one of the most popular investment avenues is the mutual fund. Mutual funds cater to all kinds of investors – novice as well as experienced.
However, what sets experience investors apart from beginners is the way of managing mutual fund investments. This is where a mutual fund app comes in handy.
A mutual fund app can create a world of difference in your investment journey. Here’s how!
1. Explore the world of mutual funds
A mutual fund app helps you explore all the different areas associated with mutual funds. Most mutual fund apps categorize mutual funds based on themes, asset classes, AMC and other criteria. The best direct mutual fund app should have a list of all mutual fund houses in India. This gives you an unlimited opportunity to understand the entire gambit of mutual funds.
2. Keeping track of your portfolio
NAV of mutual funds goes up and down daily, along with market movements. It is physically not possible for a human being to keep track of the valuation of one mutual fund every day, let alone a portfolio consisting of several mutual funds.
The best app for mutual fund investment will provide you with an option to save your portfolio. This will help you keep track of your portfolio movement anytime anywhere. This can help you understand the performance of your individual investments and help you make important decisions such as whether to hold a fund or sell it or purchase more units.
3. Access vital data about mutual funds
Deciding which mutual fund to invest in, is not easy. There are hundreds of categories and themes to choose from. Even within the same category, there are innumerable mutual funds with similar investment objectives. This makes our job all the more difficult.
The best app to invest in mutual funds will help you in this decision making by providing you crucial details regarding each mutual fund such as historic returns, alpha, beta, comparison with a benchmark and much more!
You can choose multiple mutual funds with the same theme and understand which one has outperformed others. This can not only help you make decisions about making a new investment but also be useful for rebalancing your portfolio.
StockEdge – A mutual fund app to check out
When you look for mutual fund apps, you will find many – each with its own speciality.
So, which is the best app for mutual fund investment?
Well, the availability of multiple apps does give us multiple choices but makes choosing the right one difficult. We weighed the pros and cons of several apps and found StockEdge to be the best.
Here are a few things that set it apart from the others:
1. Coverage of mutual fund houses
StockEdge acts as a one-stop-shop for all mutual fund related needs by including all funds of all AMCs available in India. It gives investors the option to include any mutual fund into their portfolio and be able to track it from only one app. Convenient, isn’t it?
2. Availability of extensive data
Another advantage, according to us. Think of any data related to mutual funds, and StockEdge has it for you. From AUM analysis to historical data to theme-based lists – you will find everything that you need in StockEdge.
One can browse data based on AMC, mutual fund themes, mutual fund asset classes and much more.
3. An easy-to-use app
This is one of the main reasons which makes StockEdge one of the best mutual fund apps. The app is available on Android and iOS. It is extremely easy to use. One doesn’t need to be a pro either in the world of investments or in the online world to use it. This definitely is one of the reasons why the app has been downloaded over 1,000,000 times from the Google App Store itself.
4. Opportunity to expand into the stock market
One of the most common progressions in any mutual fund investor’s life is the stock market. As people start understanding mutual funds, they move on to create a stock portfolio. They may start with a small investment and move ahead slowly.
The good thing about StockEdge is that it provides this opportunity to investors. StockEdge has an extensive stocks, bonds and derivatives offering. It is equipped with technical and fundamental charts, extensive data, market outlook, expert opinion and innumerable such features which make investing in the stock market smooth and comfortable.
5. Learning Opportunities
Eminent investor Warren Buffet once said, “The best investment you can make, is an investment in yourself….the more you learn, the more you earn”.
There is no age to learn and no end to learning. StockEdge provides learning opportunities through its associate website elearnmarkets.com.
elearnmarkets is a renowned financial market education platform of India providing innumerable online courses suitable for traders and investors of all experience levels. Many of the courses are offered in association with the National Stock Exchange Academy, NCDEX and other such authorities. These courses are conducted by professional traders as well as distinguished financial educators.
If you are keen to learn about the nuances of the financial world, you have the option to explore this website and enrol into free and paid courses. You can also read blogs and articles by experienced market professionals as well as log on to live market sessions, discussions and much more!
We hope this article has helped you understand why using a mutual fund app can be extremely helpful for you, as well as understand an app, which we think is one of the best apps to invest in mutual funds in the market at the moment.
Try it out and see the difference yourself.