Finding difficulties in managing or tracking your investment? Yes, if you have diversified investments from multiple sources, then it’s very hard to track the investment all the time. For example, if you own fixed deposits from several banks or stocks from several stock brokers or have mutual funds of different schemes of several AMCs, then a portfolio tracker app is an excellent option to manage or track all your investments.
Here, in this article, I will try to discuss some free and best Portfolio Tracker or Managing Apps in India for better money management, these apps not only provide you the solution of tracking multiple sources of investment but also give you insight into how your investment performing with comparative analysis. Not only that, it will save you lots of valuable time. Also, we will also discuss, what are the other options for tracking your investments, if you do not want to install any apps.
Before, getting into the actual article, let’s have some idea about why we need a portfolio tracker investment app on mobile.
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Benefits of the Portfolio Tracker App
- Save Time: The first and most important thing about having any portfolio tracker is that it saves lots of time.
- Availability: You can check your investment value any time you want.
- Better Insight: From a single app, you can get an insight about how your investment like Shares or Mutual Funds performing and you might make decisions about your investment.
- Comparison: Many Portfolio tracker apps offer better alternatives for your investment, like which bank offers better Fixed Deposit interest rates, which Mutual Fund scheme has performed well in recent times, etc.
- Reduces Risk: Reduces risk of losing money, if you do not have control of your investment.
- Financial Objectives: This helps you to secure your future financial objectives.
- Better Asset Management: The best requirement of a portfolio tracker app is that it helps us manage our money better.
Best Portfolio Tracker Apps in India
There are many apps available in India, from where you can manage your investment, some of these apps also provide in-app investment options. Here are some of the best and free apps available for managing your money better.
1. IndMoney
Indmoney is probably the best option and all-around investment tracker app right now in India and it is completely free. You can automatically track all your external Mutual Funds and shares with all the brokers in India, Bank Accounts, EPF, ETF, NPS, bonds, etc. For tracking external Mutual Funds, you have to provide the mobile number that is linked to the Mutual Fund folio. For stock tracking, you need to provide the API access of your broker Demat Account. The Indmoney App automatically fetches all the details and shows the updated total portfolio value every day.
The Indmoney app also has an account aggregator option that provides the account balance of account-aggregator participating banks. There are several other investment tracking options available like adding Fixed Deposit, Real Estate Value, EPOS, NPS, etc., that can be added manually. The app shows the total investment or asset value every day.
You can also open a Demat Account or Mutual Fund Investment account digitally with the Adhaar eSign option and start investing instantly from the app. The app provides an excellent mutual fund analysis tool to compare different schemes and instant lumpsum purchase or SIP creation options.
The Indmoney app has many other tools which help you to manage your money better. This app has excellent reviews both in the iOS and Android App Store.
| Positives | Negetives |
|---|---|
| 1. Largest number of external investment option like Mutual Fund, Stocks, NPS, FDs, Bank account you can add. | 1. Broker service not very popular as compare to other brokers in India. |
| 2. Account aggregator, automatically track bank account balance. | |
| 3. Mutual Fund and stocks comparison tools with in-app purchase option. | |
| 4. Easy updatation of external Mutual Fund investment just by authenticating MFcentral App OTP. | |
| 5. Track Credit card statement. | |
| 6. Daily portfolio balance update. | |
| 7. Exclusive analysis on Stocks and Mutual Funds. |
2. Groww
Groww is another excellent investment tracking app with multiple analytic features. You can also digitally open a free share trading account and Mutual Fund investment with Adhaar OTP authentication and start investing instantly.
The Groww app has an investment tracking option of only share and mutual funds, although you can not track shares of external brokers like Indmoney. The Groww app has excellent portfolio analysis options for Mutual Funds and in-app investment features to direct investment in all Mutual Fund schemes. you can also check your Portfolio health at the portfolio analysis option on the dashboard.
The app has a very easy import option for your external Mutual Fund investment, all you need is to share the OTP of the MFcentral Account. You can periodically update the portfolio by linking your account with MFCentral. Moreover, the app has a UPI payment section, from where you can complete bill payments, mobile recharge, or any type of UPI payment.
| Positives | Negetives |
|---|---|
| 1. Easy set up of account, fetch external Mutual Fund investment just linking MFcentral Account. | 1. Tracking External investment of stocks will not possible. |
| 2. Portfolio Health analysis with daily updates of portfolio value. | 2. Only Mutual Fund portfolio can be tracked. |
| 3. Free trading account and Demat Account with excellent interface. | |
| 4. In-app purchase of direct Mutual Funds schemes. |
Create Groww Investment Accounts
3. ETMoney App
ETmoney is another excellent investment management and portfolio tracker app, with the in-app option for purchase in a direct scheme mutual fund. The app has a very good rating both in iOS and Android versions. You can easily create your free investment account online using the Adhar eSign feature and start investing just after verification of CKYC.
You can track your external Mutual Fund investment just by uploading the CAS statement from Kfintech. Although the process of fetching the external investment is a bit complicated compared to the Indmoney or the Groww app, it has an excellent professionally managed Portfolio health analysis service called ETMoney Genius.
You can also invest in NPS, CRISIL-rated stable FDs of different companies and earn higher interest than the banks, or buy Insurance plans in one place. ETmoney does not directly provide the share trading option, but you can connect your stock trading brokers like Zerodha or AngelOne Broking by providing API access.
The ETmoney Genius service is an excellent professionally managed money management service, where you can get an insight into your Mutual Fund portfolio health, get recommendations about which share to buy, or where to invest money according to your risk appetite.
| Positives | Negetives |
|---|---|
| 1. Trusted and highly rated App with multiple tracking features. | 1. Most of the premium services are paid, although portfolio tracking are free. |
| 2. Professional curated mutual fund portfolio with ETMoney Genius. | 2. No broker service, but can linked with other brokers from ETMoney Genius. |
| 3. In-app purchase of direct Mutual Fund or higher interest bearing fixed deposit from highly rated low-risk companies. | |
| 4. Excellent and user-friendly tracking interface. |
Create ETMoney Genius Portfolio here.
4. AngelOne Broking
AngelOne Broking is not only an excellent Demat and Discount Broker App but has one of the best portfolio management features, where you can invest in direct mutual fund schemes, and track external Mutual Fund investment. You can easily fetch all your mutual fund investments by just sharing the OTP received from MFCentral.
The app has also a similar portfolio of health management options and keeps a watch on all your Mutual Fund schemes in a single place. Although AngelOne provides only Equity, Mutual Funds, and SGB portfolio tracking services, it has excellent analysis features to track all your investments.
| Positives | Negetives |
|---|---|
| 1. Discount broker and Demat service provider, all your Mutual Funds will be kept in Demat format. | 1. Charges of keeping MF units are higher as it will be kept in Dematerialized form. |
| 2. Excellent Mutual Fund analysis tools. | 2. Shares kept with other brokers can not be tracked. |
| 3. Easy to import external Mutual Fund portfolio. |
Create a free Angelone Portfolio here.
5. MFCentral
MFcentral is the most comprehensive, reliable, and unified app for tracking all the schemes of mutual funds and ETF (Exchange-traded funds) purchased from different brokers in India. If you invested in mutual funds from different brokers like Kfintech, myCAMS, Groww, or any other platform, you can track your entire Mutual fund portfolio from a single App. The MFCentral app was developed jointly by myCAMS and Kfintech, the two main Mutual Fund transfer agencies in India.
The app has a very simple design, all you need is to log in with your PAN and mobile number linked to your folio. It’s not only a portfolio tracking app, but you can also submit your service request for changes in your folio, like the change of Bank account or adding multiple bank accounts or adding or changing of the nominee, etc. Even, you can start a fresh SIP in a direct scheme of Mutual funds, purchase a lump sum, or switch from one scheme to another from a single place.
It categorically shows the portfolio value according to an asset class or fund house and provides you insight into the performances of different schemes of the mutual fund. You may also request CAS (Consolidated Account Statement) just from the app.
The MFcentral is the official App for tracking all the AMCs in India and all the other apps use the API access of this app to create the MF tracking portfolio.
You can download the App from here.
| Positives | Negetives |
|---|---|
| 1. All in one investment management portfolio, by myCAMS and Kfintech. | 1. Only Mutual Fund and ETF can be tracked. |
| 2. Simple and Excellent Mutual Fund, ETF portfolio management features, can be viewed asset-wise or fund house-wise. | 2. Shares kept with other brokers can not be tracked. |
| 3. ETF held in different brokers can be tracked. | 3. Not too much analytic and comparison features like other portfolio tracking apps. |
| 4. Service request, purchase, redemption or creation of MF SIP of any AMC can be possible. |
6. Kuvera
Kuvera is another multi-functional investment/portfolio tracker app, with excellent ratings both in iOS and Android Play Store. The App offers an excellent portfolio management option to track shares, mutual funds, EPFs, and FDs from Banks and NBFCs in one place. You can directly invest in direct schemes of Mutual Funds or Fixed deposits directly from the Kuvera App, just you have to create an investment account digitally using Adhaar e-sign.
The app has an excellent user interface, you can directly link your broker accounts like Zerodha, and Upstock, and import your stock portfolio. Similarly, you can link your external Mutual Fund portfolio by providing the email ID linked to your MFCentral account and authenticating the OTP. The Kuvera App will fetch all your Mutual Fund folios within a few minutes and show the consolidated and scheme-wise value on the Kuvera Dashboard. The process of linking the external Mutual Fund portfolios is extremely easy.
The Kuvera app has excellent portfolio analysis tools that categorically analyze all your Mutual Fund investment and updates daily changes. The app also shows the sector-wise or stock-wise Mutual Fund investment and depicts it in Pie charts and graphs with the percentage of investment value in different categories. You can also add the family account and track the investment of your entire members at the same place.
The Kuvera app has several other features like tracking all the Mutual Fund transactions, ELSS, and capital gain reports with the option to download in CSV format. In one word, Kuvera is one of the best Portfolio tracking apps for tracking shares and mutual funds in India right now.
| Positives | Negetives |
|---|---|
| 1. Excellent portfolio and share tracking app with multiple features. | 1. No share trading option. |
| 2.Easy to import external mutual fund investment, just by authenticating MFCentral email OTP. | 2. Limited number of brokers can be tracked. |
| 3. Multiple types of investment like stocks, Mutual Fund, ETF, NPS, FDs etc can be managed and tracked. | |
| 4. In-app creation of SIP, redemption and Purchase of direct schemes of Mutual Fund, high interest FDs, even purchase of US Stocks possible from Kuvera App. | |
| 5. Excellent portfolio dashboard with daily updates of investment values and mutual fund comparison tools. Highly rated app both in iOS and Android. | |
| 6. Export date-wise transaction report as csv file to analyze it offline. |
Portfolio Tracking without Using any App
If you don’t want to use the portfolio tracking app, then also you can get your entire portfolio updates from NSDL. For that, you have to visit nsdlcas.nsdl.com and register your PAN and mail id. NSDL will send a consolidated Mutual Fund, Shares, and ETF statement linked to your PAN every month to your mail inbox and it’s totally free. Although you can not analyze your portfolio frequently, it will only provide consolidated portfolio value across all platforms.
Final Thoughts
There are many portfolio tracking apps available in the iOS and Android Play Store, that offer a more or less similar interface, some of them provide direct broking service, and some only provide free Mutual Fund investment accounts. It’s all a personal choice, you can avail of the service of any single app or multiple apps, according to your personal requirements.
If you have recommendations for any other portfolio tracker app, then you can share your information below. If you like the article or just want to share your thoughts, don’t hesitate to comment below. Meanwhile, you can share the article, if it’s worth reading and like us on Facebook.
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