ETMoney App Review: Best for Mutual Funds Investment
It is a reality that most of us do not understand mutual funds sufficiently to go through for proper selection and investing in them. Even if we know how mutual funds work, we struggle to select one that suits us since there are so many options available.
In this ETMoney APP Review, you will find that ETMoney App is an integrated platform offering the ultimate solution for all of your financial needs.
About ETMoney App
ETMoney is a Times Group’s subsidiary, known for its Economic Times publication. ETMoney App is an online platform that promises to be a one-stop solution to all your financial needs – Investing, tracking, and managing mutual funds, Insurance, Loans, Spend Tracker, Buying Gold, etc. under one roof.
Below are the detailed lists of features of ETMoney App
- Direct Investment in Mutual Funds
ETMoney allows direct, i.e., zero-commission investments in mutual funds. It helps to invest in the Mutual Fund by providing investment ideas.
- Spends Tracker and Monthly Saver
This feature of the app automatically adds all expenditures and makes them categorized for users to monitor their expenses.
The app also sends weekly / monthly spend-summary updates and reminders for bill payment.
- Instant Personal Loans
Salaried people have instant access to hassle-free personal loans up to Rs. 20 Lakhs without paperwork, bank visits, and collateral headaches.
- Smart Deposit
Nippon Liquid Fund is the default smart deposit which provides better returns than saving account. ETMoney lets you buy liquid funds with ease.
Funds may be withdrawn anywhere from a few hours to two days, depending on the type of fund.
It gives you plenty of flexibility as you maintain liquidity in emergency situations and still earn more than an FD.
- Insurance
ETMoney provides Term Plan, Health Insurance, Car Insurance, Bike Insurance from more than 20 insurers (such as HDFC Ergo, HDFC Life, Bharti AXA, Kotak, Apollo Munich, Tata) where the best plans can be compared and bought.
You can invest in health insurance and life insurance products that could be useful for tax savings under Section 80C & 80D of the Income Tax Act.
- ETMoney Gold Deposit
The app offers a smart way to accumulate gold through this feature.
One can buy as little as 2gm of 24 K 99.5 per cent pure gold at a time, without visiting the jeweller.
The gold bought in the ETMoney app is always secure without paying for a locker (like in a bank).
The user can also later sell gold online at an on-going market price.
- Credit scores and credit report
This app allows you to check your credit score and credit report in the app. It takes a couple of minutes, and it is free.
Pros & Cons
We have covered the following Pros and Cons in our ETMoney App Review
Pros
- Buying Mutual Funds is very easy with zero-commission investment.
- An updated list of top-rated mutual funds in India can be found in real-time in the ETMoney app.
- Helps you select the correct investment option
- It provides 24×7 instant access to personal loans.
- No charges are levied even if you sell your funds in a few days.
Cons
One thing to be careful about: if you go through user reviews for the mobile app, you’ll see people facing customer support issue, unstable apps, broken features, and non-compliance payments.
ETMoney App Payment Methods
ETMONEY offers payment through different modes such as net banking, debit card, and UPI. As per your convenience, you can select any of the payment options.
Customer Service
Speaking of ETMoney App Customer Support, it has a strong team of technologically qualified experts, who offer their customers speedy support in resolving complaints within hours, rather than within 5-7 working days.
Conclusion
From the ETMoney App review, We can now understand here that this platform supports investment in mutual funds and offers other financial services such as cost tracking, savings schemes, instant loans, insurance, etc.
So ETMONEY is the one-stop destination for you if you’re ready to start your investment journey.