Alternatives for ET Money, which app do you use for mutual fund or stock investing

Renegade

Renegade

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Luminary
I was using ET Money till now but they have been redesigning their app heavily to force users to their Genius plan. Everything is now linked to Genius Plan, even current performance ranks and basic information can be viewed only if you have a paid plan. Its not enough that every EMI investment made through the app is charged. The core feature of the app is now limited to only a link within a page.

So what other alternatives do we have which are user friendly. How is Groww? What has your experience been with these apps.
 
Not using any app at all. I am investing directly through AMC's own website and have scheduled SIPs through them. I usually don't have to go to those websites unless I need to pause / cancel SIPs.
 
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I have been using Kuvera for a long time (4+ years). It's pretty bare bones, which I like. Plus it has a tax harvesting notification which is pretty nice.
 
raksrules said:
Not using any app at all. I am investing directly through AMC's own website and have scheduled SIPs through them. I usually don't have to go to those websites unless I need to pause / cancel SIPs.
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How do you track and manager all your investments in one place if you are doing it directly?
 
Renegade said:
How do you track and manager all your investments in one place if you are doing it directly?
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I took full control of my finances back in mid 2019 once I was back for good from US. Previously my dad was handling my money and he did terrible job at both, handling where to invest and how to track. I was finance noob until then but started learning stuff online and taught myself everything related to finances.
I first collated all info of all my investments using my PAN# etc and tried to find any app that can help me manage everything. Could not find anything at all that does everything or was paid (without even ability to try what was on offer).

I then created a google sheets that is now shared with my wife. I created sections for mutual funds, SGB, PF, PPF, LIC etc etc and mentioned the currently invested amounts. (shares are listed in separate sheet but current aggregated value is bought on first main sheet).
Google sheets has google finance option to get latest share price, latest NAV value etc so I used that to fetch those values that that usually latest or max 2 days old. Ofcourse, invested amount needs to be manually updated that I do every month post all SIPs are done for the month and units are updated. Current investment value for each mutual fund is calculated automatically.

For SGB, I found one function online that gets latest SGB value (for my SGB which I took in 2020) from a website so that is updated too.
For NPS also, I found some function related to HDFC's NPS (my NPS is with them) to give latest NAV for each breakup (that E, C something) and that is how I get latest values of NPS.
PPF since I invest only once per year (try my best to do before 05th April) and I put entire 1.5L, I only update once.
PF/VPF is updated monthly as my company manages it through trust so my salary slip contains the value each month.


It is a continuously improving sheet. The workbook doesn't have one sheet only, but this is my main sheet which gives me holistic view of my investments and a number which sort of tells me my "networth" (excluding my flat that is not accounted here).

I have additional sheets too in same workbook named "PAN etc" which has my and family member's PAN# , Adhaar#, demat account numbers etc.
One sheet is "Earnings FY 2024-25" (changes each financial year) to note down all earnings like redemptions done, interest from some NCD, dividend, FD interest, saving account interest etc.
One sheet is for medical information like insurance company name and number and how much we have. Term insurance details.

I make sheets on need basis.
 
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Renegade said:
I was using ET Money till now but they have been redesigning their app heavily to force users to their Genius plan. Everything is now linked to Genius Plan, even current performance ranks and basic information can be viewed only if you have a paid plan. Its not enough that every EMI investment made through the app is charged. The core feature of the app is now limited to only a link within a page.

So what other alternatives do we have which are user friendly. How is Groww? What has your experience been with these apps.
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For investments in MF, you need to separate research and execution part. Right now, with ET money, both things are mixed and that is what is creating the problem.
Now for research, there is mutual fund insigts, valuereserachonline, morningstar, etc etc etc.
And for execution, there are numerous apps as well, who allows DIRECT investment like Groww, Kuvera, Indmoney, etc etc !
 
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ashhad said:
I have been using Kuvera for a long time (4+ years). It's pretty bare bones, which I like. Plus it has a tax harvesting notification which is pretty nice.
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+1 for Kuvera when it comes to investing in Mutual Funds. It works well and is simple to use. The ability to import MFs, stocks, EPF (currently not working), and gold also helps you see your portfolio in one place. If they fix the EPF integration and add an option to add PPF, I'd be happier.

I use Kite to buy and sell stocks, but since I'm focusing on MFs and just have one stock at the moment, the app isn't used.
 
I don't use kuvera for any investment but I do import my mutual fund portfolio once a month (because they only allow once every 30 days) and later it helps to determine me how many units to sell to get the 1.25L LTCG benefit every year.
 
Renegade said:
So what other alternatives do we have which are user friendly. How is Groww? What has your experience been with these apps.
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download mf central and you are good to go ui is plain and simple

groww is also nice biggest plus point for groww is that you can import external funds too no matter from where did you invest
raksrules said:
because they only allow once every 30 days
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with groww you can do it daily
babhishek said:
recently was checking out IndMoney, worth a look for MFs
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+1 its equally good
Renegade said:
How do you track and manager all your investments in one place if you are doing it directly?
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with indmoney you can have a look at everything


MF CENTRAL Is a JV between Kfintech and CAMS the MFs managers.
 
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oh I didnt wrote here na groww has just ****%% my MF investments

On 29 Nov I did lumpsum payments in 3 funds , payment was done at 12:45 PM so accordingly NAV should have been of the same day 29NOV Friday but they gave me NAV of Monday 2nd Dec.
till 1st dec it showed in app that NAV date is of 29th Nov but on 3rd they sent a mail regarding order completion that NAV is of 2nd Dec.

Have complained against Groww and all 3 AMC to SEBI on scores portal awaiting reply now.

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29TH NOV WAS A WORKING DAY + PAYMENT WAS WELL MADE BEFORE 3PM CUTOFF TIME.
 
anmolbhard004 said:
oh I didnt wrote here na groww has just ****%% my MF investments

On 29 Nov I did lumpsum payments in 3 funds , payment was done at 12:45 PM so accordingly NAV should have been of the same day 29NOV Friday but they gave me NAV of Monday 2nd Dec.
till 1st dec it showed in app that NAV date is of 29th Nov but on 3rd they sent a mail regarding order completion that NAV is of 2nd Dec.

Have complained against Groww and all 3 AMC to SEBI on scores portal awaiting reply now.


29TH NOV WAS A WORKING DAY + PAYMENT WAS WELL MADE BEFORE 3PM CUTOFF TIME.
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That all of these apps do, have noticed this with ET Money as well. I assume a scam to rip people off their money by allotting funds when the NAV has increased. Pocketing the arbitrage.
 
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