Question: Which Is Better Groww Or Etmoney?

Which is better Smallcase or mutual fund?

When you invest in a mutual fund, you get fund units.

On the other hand, when you invest in a smallcase, you get shares in your Demat account.

This is a big plus because it allows you to earn dividend income..

How does Etmoney make money?

With its new services focussed around insurance and loans, ETMONEY is shifting to a commission-based revenue model where the financial service provider pays a certain fee for each new customer. This is in stark contrast to its earlier play of zero-commission mutual funds.

Which app is best for mutual fund investment?

7 Best mutual fund apps for direct investment:myCAMS Mutual Fund App.KFinKart- Investor Mutual Funds.Zerodha Coin.ETMONEY Mutual Fund App.Groww- Mutual Funds App.PayTM Money Mutual Funds App.KTrack mobile app by Karvy.

Is SIP tax free?

A customer can choose any investment period. … Only investments in ELSS mutual funds through SIP have tax exemption of up to Rs 1.5 lakh a year under Section 80C.

Which app is best for trading?

Best Stock Trading Apps 2020E*TRADE – Best Overall.TD Ameritrade – Best Trading Tools.Fidelity – Best for Everyday Investors.Interactive Brokers – Best for Professionals.TradeStation – Great for Active Traders.

Is Smallcase Zerodha free?

For the All Weather Investing and Smart Beta smallcases, however, there are no charges for buying & exit. A fee of Rs. 50+GST is applicable for any other order placed in the said smallcases.

Can I switch from regular to direct plan?

Visit the transaction page, where you can buy, change, or redeem your fund units. Select the ‘switch’ option and then click on the respective fund name. It will have a ‘Direct Plan’ option, click on it and follow the steps as displayed. It will take about four working days to reflect the change.

Which is best investment App?

Here are the best investment apps in December:Acorns – Best for worry-free savings.Robinhood – Best for fee-free trading.Wealthbase – Best for social experience.Betterment – Best for low cost.Stockpile – Best for gifting stocks.Invstr – Best for learning about investing.

Is Etmoney reliable?

Here are a few reasons to help you understand why ETMoney is one of the safest financial apps in the market today: ETMoney, the Times Internet backed finance app is a Times of India Group Company which is India’s largest media conglomerate. Association of Mutual Funds of India (AMFI) certified distributor.

Is Etmoney direct or regular?

1. You invest in zero commission Direct Mutual Funds – One of the most significant advantages of investing through the ETMONEY app is you invest in direct plans of mutual funds. When you invest through an agent (like a bank), you invest in a regular plan of the mutual fund.

Is Groww or Kuvera better?

The Kuvera app is an app for the more seasoned investors with its robust set of features. While the Kuvera app does have its own set of advantages and offers a richer set of features for the user, the Groww app seems to be the complete app overall and emerges as the winner in this comparison.

Is Smallcase owned by Zerodha?

Smallcase, a startup backed by discount brokerage Zerodha has launched thematic groups like ‘GST basket’, ‘monsoon cheer’, ‘rural demand’. A thematic basket consists of stocks in different proportions, which can gain most if the bet on the theme plays out. Smallcase is the first thematic investing platform for India.

How much commission do mutual fund agents get?

This commission structure range from 0.5% to 1% based on the mutual fund companies and is paid from your total net worth of asset under management. This will be paid to your agents even if you do not invest also but if your investment stayed without withdrawal.

What is Easy Pay limit?

You can do this till your limit of Rs. 25,000. Similarly, if you want to make a lumpsum investment, just select scheme and amount and choose easy pay as a payment mode and it gets done without a trip to payment getaway.

How much should I invest in mutual funds to save tax?

You are allowed to invest up to Rs 1.5 lakh in tax-saving funds. You will get a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. a. ELSS funds are the only tax-saving funds within the Rs 1.5 lakh limit which has the additional advantage of giving equity-linked returns.

Which SIP is best for 5 years?

Best SIP plans for 5 year investmentFund Name3-Year SIP Returns (%)5-Year SIP Returns (%)Kotak Emerging Equities Fund (Regular)6.54%9.73%INVESCO India Financial Services Fund (Regular)14.61%16.03%SBI Focused Equity Fund (Regular)12.40%12.94%Franklin Build India Fund (Regular)4.66%8.07%8 more rows•Jan 23, 2020

What is direct and regular SIP?

A Direct plan is what you buy directly from the mutual fund company (usually from their own website). Whereas a Regular plan is what you buy through an advisor, broker, or distributor (intermediary). In a regular plan, the mutual fund company pays a commission to the intermediary.

Which investment app is best in India?

Ranking of Best Trading Apps in India – List of Top 10 Mobile Trading AppRankTop Mobile Apps1Angel Broking App2Motilal Oswal MO Investor App3Zerodha Kite App4Sharekhan App6 more rows•Jan 10, 2020