If you have been planning for long-term investment, starting a Systematic Investment Plan (SIP) could make it seem more structured and manageable. 

For beginners, choosing an app to invest in mutual funds for free can help them concentrate on their disciplined investing without the hassle of having a too complex platform to keep track of.

The next comparison shows the top ten choices and some useful features that can make each platform more user-friendly.

Top 10 Beginner-Friendly Apps to Start Your SIP

If you are looking to find the best beginner-friendly apps to start SIP, you must consider the interface, range of funds, SIP tracking tools, and applicable charges.

For those who are just starting, here are 10 quick SIP set-up apps to set up a SIP portal in a jiffy.

1.    Groww

The simplicity of the interface and its easy mutual fund investing feature are what Groww is renowned for:

  1. Direct mutual funds – free of commissions
    1. SIPs starting from ₹100
    1. The comparison and screening tools for mutual funds
    1. The capacity to monitor portfolio and import funds

2.    Millions

When looking for the easiest app to start SIP investments, consider Millions by Dhan. It is meant for first-time and Gen-Z investors, and it aims to simplify understanding of mutual funds and SIP investment.

  1. SIPs starting from ₹500 (no commission)
    1. 1,000+ mutual funds
    1. Goal-based investing tools
    1. Real-time portfolio tracking
    1. Payments via UPI, Google Pay, PhonePe, and net banking are allowed.
    1. Ability to begin, stop, or modify SIPs

3.    Zerodha Coin

If looking for an app to invest in mutual funds for free, Gen-Z investors should consider investing through Coin, because it allows for commission-free direct mutual funds and consolidation of mutual funds, stocks, ETFs, and bonds into a single portfolio view.

  1. Direct mutual funds
    1. Flexible SIP management
    1. Step-up SIP option
    1. Compare and analyse fund data

4.    ET Money

ET Money offers mutual fund investment along with personal finance tools, thus making it a great platform for investors who look for both investments and financial planning.

  1. Investing directly in mutual funds
    1. SIP management
    1. Portfolio tracking
    1. Investment Planning and Financial planning tools

5.    INDmoney

Users looking to invest in various financial instruments can invest in mutual funds as well as other financial instruments on INDmoney.

  1. Direct investments in mutual funds
    1. SIP tracking
    1. Portfolio analytics
    1. Multiple investment options

6.    Paytm Money

For those who are already familiar with digital payments, Paytm Money offers a digital platform for the digital investee community for investing in mutual funds and managing their SIPs.

  1. Direct mutual funds
    1. SIP investment
    1. Portfolio tracking
    1. Digital payment integration

7.    Angel One

Angel One is the company that offers mutual funds, stocks, and other investment products. It can be suitable for beginner investors willing to invest in various types of investments as they grow.

  1. Investing in mutual funds and SIPs.
    1. Portfolio tracking
    1. Investment research tools
    1. Multiple financial products

8.    Upstox

Upstox also provides mutual funds apart from stocks and other investment vehicles, thus providing a single platform to manage all investments.

  1. Mutual fund investing
    1. SIP facility
    1. Portfolio tracking
    1. Stocks and stock investment alternatives.

9.    5paisa

The 5paisa platform offers a variety of financial products to customers, including facilities for investing in mutual funds and starting SIPs. This gives investors a broader investment platform.

  1. Mutual fund investing and SIP investing.
    1. Portfolio monitoring
    1. Investment research tools
    1. Multiple financial products

10. Motilal Oswal

Motilal Oswal has a research-driven approach for investing in mutual funds, and this could be useful for Gen-Z investors who would wish to gain knowledge before investing in any fund.

  1. Mutual fund investment
    1. SIP facility
    1. Fund research
    1. Portfolio tracking

Each app to invest in mutual funds for free varies in terms of its user interface and tools. So, analyse the characteristics which are important to your investment approach.

Choose Your SIP App and Start Investing

Not all applications with the richest features will be the easiest app to start SIP. For beginner investors, they should check the ease of navigation, clarity of charges, direct investment in mutual funds, ease of SIP management, and tracking the portfolio.

When you’re ready to make your selection after you feel comfortable, a free app to invest in mutual funds can help you get your SIP journey started online and help you manage your investments efficiently.