Best Mutual Fund Apps to Make Your Money Grow with Ease

Discover the mutual fund apps, featuring performance, features, fees, and ease of use that can help you maximize your portfolio in just a few clicks.
Last Updated on : October 07, 2023
mutual fund investment apps
Investing in mutual funds can seem daunting, especially for beginners who lack the time and knowledge required for thorough research. However, with the advent of the best mutual fund apps, investing has become increasingly accessible to everyone. Mutual funds have outperformed inflation rates and savings accounts, making them a smart investment option for those seeking long-term financial stability.

Despite the potential benefits, high fees and a lack of personal control can deter investors. This blog post will outline the best apps to invest in mutual funds that address these concerns and provide an efficient and user-friendly experience. So, whether you're a seasoned investor or just starting, read on to kickstart your investment journey.

Best mutual fund apps for Android and iOS in 2024

1.

E*TRADE

E*TRADE

Download E*TRADE:

4.6
3.9

About Arrow

E*TRADE is an exceptional mutual fund app for stocks, ETFs, mutual funds, and options without paying any commission fees. The app provides a customized search to help you find the right mutual funds that match your goals and predefined investment strategies. 

E*TRADE has eliminated all mutual fund commissions, so you can invest in them without worrying about extra costs. The mobile app lets you manage your investments and access your account anytime. All these features make E*TRADE the best app to buy mutual funds today.

Why we picked it? Arrow

2.

Merrill Edge

Merrill Edge

Download Merrill Edge:

4.6
3.9

About Arrow

Merrill Edge is among the best apps to invest in mutual funds, catering to many investors who want to manage their investments efficiently from anywhere. The app provides an extensive range of features, such as the ability to view balances, holdings, order status, and pending and historical transactions. 

Investors can also easily trade stocks, ETFs, mutual funds, and options, making investment decisions seamless and faster. With real-time streaming quotes and interactive charts, investors can stay on top of the market's latest trends and movements, giving them a significant edge. Additionally, the app allows users to explore heat maps, making it a visually rich experience for investors who want to gather insights quickly.

Why we picked it? Arrow

3.

TD Ameritrade Mobile

TD Ameritrade Mobile

Download TD Ameritrade Mobile:

4.5
3.8

About Arrow

TD Ameritrade Mobile is an award-winning mutual fund app with over 13,000 mutual funds available to trade. The platform is designed to make it easier for investors to stay on top of their mutual fund portfolios and make informed decisions. The app's customizable dashboards provide real-time updates to critical market data, including fund performance, prices, and news. This information is complemented by an advanced charting system that enables investors to gain insights into fund performance over time.

TD Ameritrade Mobile provides a wealth of features that enable investors to easily trade, track, and manage their mutual fund investments. Investors can use the app to set up automatic investment plans, buy and sell mutual funds, and even transfer funds in and out of their accounts.

Why we picked it? Arrow

4.

Webull

Webull

Download Webull:

4.7
4.3

About Arrow

Webull is a one-stop platform for all your investing and trading needs and is considered the best app for mutual fund. It offers commission-free trading on stocks, options, and ETFs, allowing users to optimize their portfolios without any extra charges. The interface is user-friendly, and the app also offers investment guidance through their Smart Advisor feature.

With its low minimum investment requirement ($5), Webull significantly expands the investment opportunities available for retail investors. Its recurring investment feature also enables users to align their investment strategies with market benchmarks, further optimizing their portfolio growth potential.

Why we picked it? Arrow

5.

Charles Schwab

Charles Schwab

Download Charles Schwab:

4.8
3.6

About Arrow

Charles Schwab is widely recognized as a top mutual fund investment app due to its user-friendly interface and extensive fund selection. With over 4,000 mutual fund offerings from more than 600 fund families, investors can access an impressive range of investment opportunities. Moreover, the app provides users with a detailed analysis of each fund's performance, including expense ratios and historical returns, which helps investors make informed decisions.

In addition to its impressive fund selection, Charles Schwab offers commission-free transactions for its own branded mutual funds and ETFs, making it an affordable option for users. Moreover, investors can transfer funds easily between accounts and can even set up recurring investments with just a few taps.

Why we picked it? Arrow

6.

AssetPlus

AssetPlus

Download AssetPlus :

4.8
4.5

About Arrow

AssetPlus is recognized to provide the best mutual fund to invest in 2023 with exceptional features and reliable services. With just a few taps, you can invest in more than 4000 mutual funds. The app offers an entirely online process that makes investing in mutual funds and starting SIPs hassle-free. 

AssetPlus also offers tax-saving mutual funds or ELSS schemes under Section 80C, providing an investment option for investors looking to save taxes. Additionally, if you cannot make investment decisions, the professional expertise of advisors is available via live chat.

Why we picked it? Arrow

7.

eToro

eToro

Download eToro:

4.7
4.1

About Arrow

eToro is a revolutionary platform that has completely redefined investing, making it social and collaborative. It is one of the best mutual fund investment apps available today, offering its users a wide range of investment options in traditional and innovative financial markets worldwide. Unlike other share dealing platforms, eToro allows investors to create diversified portfolios without paying markup, ticketing, or management fees. 

It even absorbs Stamp Duty and Financial Transaction Tax where applicable, making it a more economical and financially viable option for investors looking to maximize their returns. Additionally, eToro offers valuable market research, technical analysis, and ProCharts to assist investors in making informed decisions.

Why we picked it? Arrow

8.

Robinhood

Robinhood

Download Robinhood:

4.2
4.0

About Arrow

While Robinhood is known for commission-free trading, the app also offers a great platform for mutual fund investors. With their "Only IRA with a Match" feature, investors can get a 1% matching towards their contributions for retirement. This encourages investors to save more for their future and helps them build their retirement nest egg much faster.

Robinhood also offers a feature called "Robinhood Gold," specifically designed to help investors level up their investments. With Robinhood Gold, investors can earn up to 4.65% on their uninvested cash, access bigger instant deposits (up to $50,000), and enjoy competitive rates for margin investing (if eligible). The platform also provides Nasdaq Level II data and Morningstar research to help investors stay on top of the market.

Why we picked it? Arrow

9.

Fineco

Fineco

Download Fineco:

4.5
4.3

About Arrow

Fineco ranks among the top mutual fund investment apps for its access to stocks, forex pairs, ETFs, and mutual funds. It is more of a premium trading platform that offers access to a wide range of global markets and financial instruments. With £0 commission and no added spreads on Share CFDs, Fineco stands out from its competitors as an affordable option for traders looking to take their trading to the next level.

In addition to its low fees, Fineco also offers powerful trading tools and a wide range of news and analysis across all three of its in-house platforms. Traders can access 26 global markets and trade over 20,000 financial instruments worldwide.

Why we picked it? Arrow

10.

Plus500

Plus500

Download Plus500:

4.2
4.3

About Arrow

Plus500 is one of the mutual fund investment apps that allows investors to trade in contracts for difference (CFDs) in financial instruments such as stocks, forex, commodities, indices, and cryptocurrencies. With a user-friendly interface that can be easily accessed from desktop or mobile devices, Plus500 offers traders the ability to buy or sell assets without actually owning them. 

The platform provides 0 commission trades with tight spreads, ensuring investors enjoy maximum profit margins. Furthermore, with the unlimited Demo Account offered by Plus500, investors can practice trading risk-free, honing their skills before venturing into the real-time markets.

Why we picked it? Arrow

Bag relevant views, higher downloads & real shares for your app

With the emergence of investment apps, you can easily grow your money with just a few taps on your smartphone. The top 15 mutual fund investment apps we've discussed provide great user experience and offer diverse investment options, thanks to the ongoing digital transformation in banking. It's never too late to start investing, and with these options, you can do it with ease. 

If you're a product owner yourself, don't forget to get your product reviewed to give it the visibility it deserves among your target audience. Until then, start investing and watch your money grow with the help of these amazing mutual fund apps.

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