India’s mutual fund industry has scaled dramatically over the past few years, crossing roughly 23.6 crore (236 million) folios by April 2025 and pushing toward an industry AUM trajectory that analysts expect to nearly double from around $0.78 trillion to $1.78 trillion by 2030. That growth has been powered almost entirely by mobile-first investing — SIPs started, tracked, and paused from a smartphone, not a branch office. Naturally, the number of apps competing for that wallet share has exploded too.
This list narrows the field to ten wealth-tech and mutual-fund advisory apps that are (a) currently live and actively serving users in India as of 2026, (b) registered with SEBI and/or AMFI as required for their respective service models, and (c) not presently facing any material regulatory action that would compromise their standing. Apps that have shut down, been fully absorbed without an independent identity, or drawn recent adverse regulatory orders have been deliberately excluded.
1. Groww
Groww remains India’s largest retail investment platform by active client count, reporting over 1.24 crore active clients as of February 2026 — comfortably ahead of most rivals. What began purely as a direct mutual fund platform in 2016 has since expanded into stocks, F&O, IPOs, and digital gold, but mutual funds remain its core strength: zero-commission direct plans, a clean fund-discovery interface, and strong educational content aimed at first-time investors.
Groww is a SEBI-registered stockbroker and NSE/BSE member. It has faced routine, resolved regulatory and consumer-dispute matters typical of a platform its size (including a 2025 settlement over a brief technical outage), but nothing that constitutes an open or unresolved regulatory action. For sheer scale and beginner accessibility, it’s the natural starting point for most Indian retail investors in 2026.
2. Zerodha Coin (via Kite/Console)
Zerodha, India’s largest broker by trading volumes, offers Coin as its direct mutual fund investment module integrated into the broader Kite/Console ecosystem. It’s built for investors who want mutual funds and equities tracked side by side in one consolidated portfolio view — a genuine differentiator from mutual-fund-only apps. Zerodha also runs its own AMC, Zerodha Fund House, launched in 2022, which focuses exclusively on low-cost passive index funds and ETFs, some carrying among the lowest expense ratios in the Indian industry.
Zerodha is SEBI-registered and remains widely regarded as one of the most operationally reliable platforms in the country, with strong uptime and a reputation for conservative, low-marketing-hype communication. Its main trade-off against Groww is a slightly steeper learning curve, better suited to investors who also want deeper analytics.
3. INDmoney
INDmoney has positioned itself as India’s “super finance app,” combining Indian mutual funds and stocks with US equities, fixed deposits, and family-level net worth tracking under one dashboard. It is SEBI-registered as an investment adviser, which allows it to legally provide curated recommendations rather than pure execution-only access. Its zero-transaction-fee direct mutual fund investing, combined with cross-border investing (including access to AMCs like Zerodha’s own fund house through the INDmoney interface), makes it one of the more comprehensive wealth-tracking tools available in 2026. It’s particularly well suited to users who want a single view of a genuinely diversified portfolio rather than a mutual-fund-only silo.
4. Paytm Money
Paytm Money, a wholly owned subsidiary of One 97 Communications, received SEBI registration as a Research Analyst and Investment Adviser in early 2026, a meaningful upgrade that allows it to legally layer research-backed advisory content — investment insights, data-driven analysis, and research reports — on top of its existing execution platform. Backed by the broader Paytm ecosystem, it remains one of the most accessible on-ramps for small-ticket investors, supporting SIPs from as low as ₹100 alongside stocks, NPS, and digital gold. The 2026 SEBI advisory registration specifically strengthens its credibility as a guidance-oriented platform rather than a pure discount execution app, a distinction worth noting given how crowded the “advisory” claim has become across the category.
5. Kuvera
Kuvera is a pure-play, execution-only mutual fund platform — it does not offer stock trading — and has built a loyal following precisely because of that narrow focus. It offers zero-commission direct mutual fund plans, family account management (useful for households investing under multiple PAN cards), and detailed goal-based planning tools for retirement, children’s education, and general wealth creation, all without hidden charges. For investors who specifically want a mutual-fund-first experience without the temptation of stock trading or derivatives sitting one tab away, Kuvera remains one of the cleanest options on the market in 2026.
6. Scripbox
Founded in 2012, Scripbox is one of the older names in this list and has stayed deliberately narrow: curated mutual fund portfolios built around specific financial goals, chosen through in-house research rather than left to self-directed selection. It’s built for investors — often busy professionals — who explicitly want an expert-curated shortlist rather than the full universe of available schemes.
A distinguishing feature user reviews frequently highlight is Scripbox’s annual portfolio review call with an actual human advisor, described as a genuine fund health-check rather than a sales pitch. The trade-off is real: DIY investors who want to pick specific funds outside Scripbox’s curated list tend to find the platform’s restrictiveness frustrating. But for goal-based, hands-off investors, that restriction is arguably the entire value proposition.
7. ET Money
ET Money, acquired by wealth manager 360 ONE WAM in mid-2024 for roughly ₹366 crore, has continued operating and expanding under its own brand rather than being folded away — a distinction worth making explicitly, since acquisitions in this space have sometimes meant product sunset elsewhere.
In 2026, ET Money continued adding new capability, including intelligence-led access to specialized investment funds and expanded global investing features that let users access US stocks and international ETFs alongside their Indian mutual fund portfolio. It remains AMFI- and SEBI-registered as an investment adviser and continues to offer zero-commission direct mutual fund investing, fixed deposits, insurance, and NPS access, alongside its long-standing personal expense-tracking tools — a genuinely multi-asset, multi-goal platform rather than a mutual-fund-only tool.
8. AssetPlus
AssetPlus takes a distinctly different approach from the consumer-facing apps above: it’s built primarily as a technology platform for Mutual Fund Distributors (MFDs) and financial advisors, who in turn use it to serve their own retail clients with goal-based financial planning — covering tax planning, retirement planning, and broader financial goal-setting alongside pure mutual fund execution. For end investors, this typically means access through a dedicated advisor relationship rather than a purely self-directed app experience, which suits investors who specifically want human guidance layered on top of digital execution rather than a fully DIY interface.
9. myCAMS
myCAMS, backed by CAMS (Computer Age Management Services), one of India’s largest mutual fund Registrar and Transfer Agent (RTA) infrastructure providers, offers a genuinely AMC-agnostic consolidated view: it lets investors see and manage holdings across multiple fund houses and folios from one login, supporting SIPs, instant redemption, and consolidated portfolio tracking. Because it sits on top of the actual RTA infrastructure that underlies India’s mutual fund record-keeping, it tends to be particularly reliable for investors who hold funds across many different AMCs and want a single, authoritative consolidated statement rather than a third-party aggregation layer.
10. NJ Wealth
NJ Wealth, the technology and distribution arm of NJ IndiaInvest, has built one of India’s largest advisor-led mutual fund distribution networks, and its app extends that model to end investors through secure portfolio access, transaction history, and two-factor-authenticated account management. Like AssetPlus, it’s structured around a hybrid advisor-plus-technology model rather than pure self-directed investing, making it a strong option for investors who want a dedicated relationship manager backing their digital access rather than navigating fund selection entirely alone.
A note on due diligence
Regulatory standing in fintech is not static — SEBI registrations, advisory categorizations, and enforcement actions can and do change over relatively short windows, sometimes within months. Every platform listed here was cross-checked against current SEBI/AMFI registration status and recent regulatory-action reporting at the time of writing, but readers making an actual investment decision should independently verify a platform’s current registration status directly on the SEBI or AMFI websites before committing funds, and should treat any app’s in-platform “advice” as informational rather than as a substitute for independent financial judgment, particularly for larger investment amounts or complex goals like retirement corpus planning.
Mutual fund investments are subject to market risk. Read all scheme-related documents carefully before investing, regardless of which app or platform you use to do so.
