A mutual fund is a kind of investment where you buy securities of a mixed set of companies to lower your risk. Mutual funds investments can be made in different forms such as Government bonds, corporate bonds, or debt funds. Mutual fund advisors mostly recommend having a diversified portfolio of different kinds of mutual funds. This ensures the goal of the investment is achieved and also the risk factor is controlled. Most of us know that mutual funds are good investment options but are not sure about how to invest.
Many people are confused about where can they invest a part of their salary. However, unlike traditional investors, they are comfortable with taking risks and want to build their own portfolios based on what they think of the market. To solve this problem, many startups have come up which makes it easy for users to buy and sell mutual funds easily with minimal risk. These Mutual Fund Startups also provide you with different analytics and help you decide which options will work best. In this article you will know all about mutual funds in India. So here we have compiled a list of all mutual fund startups with their features.
Which Mutual Fund to Invest in?
List of Top Mutual Fund Startups in India
| S.No. | Startup Name | Products | Key Offering / Feature |
|---|---|---|---|
| 1 | Scripbox | Mutual Funds, Goal Planning | Goal-based investing with curated mutual fund portfolios |
| 2 | Funds India | Mutual Funds, Stocks, SIPs | Online platform for mutual funds, stocks & SIPs |
| 3 | Piggy | Direct Mutual Funds, Tax Saving Funds | Direct mutual fund investments with zero commission |
| 4 | Groww | Mutual Funds, Stocks, ETFs, Gold | User-friendly platform for MF, stocks, and digital gold |
| 5 | Orowealth | Direct Mutual Funds, Tax Planning | Direct plans, robo-advisory, and tax-efficient portfolios |
| 6 | Fisdom | Mutual Funds, Insurance, Tax Filing | Mutual funds, tax-saving tools, and insurance products |
| 7 | Jama | Direct Mutual Funds, SIPs | Ethical investing with zero-commission direct MF plans |
| 8 | Funds Inn | Mutual Funds, SIP Calculator | MF investments with simplified tracking and insights |
| 9 | Rupee Vest | Direct Mutual Funds, Portfolio Tools | Direct plans with financial planning tools |
| 10 | Mutual Fund Wala | Mutual Funds, Advisory | Personalized MF advisory and portfolio rebalancing |
| 11 | Wealthy | Mutual Funds, Insurance, Tax Filing | Financial advisors platform for MF and insurance |
| 12 | Nivesh | Mutual Funds, Bonds, Insurance | Focus on tier-2/tier-3 cities with digital MF services |
| 13 | Upraise | Mutual Funds, Financial Wellness Programs | Investment & financial wellness for working professionals |
| 14 | Kuvera | Direct Mutual Funds, Family Portfolio | Free direct MF investments with goal tracking |
| 15 | Invezta | Direct Mutual Funds, Robo-Advisory | Zero commission investing and robo-advisory |
| 16 | ET Money | Mutual Funds, Insurance, Credit Line | Smart MF investing, expense tracking, and loans |
| 17 | Miles Wealth | Mutual Funds, Tax Planning | Offline and digital advisory for mutual fund investments |
Scripbox
| Mutual Fund Startup | Scripbox |
|---|---|
| Founders | Ashok Kumar ER, Sanjiv Singhal, Nilakanta Mallick |
| Founded | 2012 |
One of India’s fastest-growing asset management platforms was founded in the year 2012. Through Scripbox, one can invest in mutual funds in different categories varying from long-term, short-term, tax-saving, and emergency funds. It is safe and free of charge for investors but charges a certain amount to the mutual fund companies. You can withdraw your money at any point through Scripbox.
Emergency Fund helps you prepare for crisis or any emergency situation. Emergency Fund is at least 6 months of your living expenses.
Anish Sharma
FundsIndia
| Mutual Fund Startup | FundsIndia |
|---|---|
| Founders | C.R. Chandrasekar, Srikanth Meenakshi |
| Founded | 2009 |
FundsIndia was launched in the year 2009. It is said to be one of the friendliest platforms to invest money. It is free of cost for a lifetime and one can also consider help from an investment advisor. It is secure and one can manage investments for family too by adding the family members to the login ID. To date, FundsIndia has customers in over 2,000 cities across India and 66+ countries have invested over ₹9,700+ crores on its platform in Mutual Funds and Stocks.
Piggy
| Mutual Fund Startup | Piggy |
|---|---|
| Founders | Ankush Singh, Kunal Sangwan and Nikhil Mantha |
| Founded | 2016 |
Piggy claims to provide commission-free mutual funds to its users. This startup also acts unbiased toward customers and provides the best investment options in mutual funds. It is transparent, open, and secure. One can make an investment using their app.
Abinaya Arangarajan
Groww
| Mutual Fund Startup | Groww |
|---|---|
| Founders | Lalit Keshre, Harsh Jain, Neeraj Singh, Ishan Bansal |
| Founded | 2016 |
Groww believes in making investing accessible to everyone. By building simple products, it promises to provide simple investment options. Creating the right portfolio for individuals and providing assistance to achieve goals helps to invest more easily. Users can also make an investment using their Groww app.
Orowealth
| Mutual Fund Startup | Orowealth |
|---|---|
| Founders | Nitin Agrawal, Vijay Kuppa, Yogesh Powar, Swati Aggarwal |
| Founded | 2019 |
Orowealth provides its customers with smart investing options. It promises to provide a dedicated advisor for deciding investment options at a much cheaper price as compared to others. It also has the feature of ORO assistance that provides intelligent and personal advice. Orowealth has raised around $2 million to date.
Fisdom
| Mutual Fund Startup | Fisdom |
|---|---|
| Founders | Anand Dalmia, Ramganesh Iyer, Subramanya S V, Subramanya Venkat |
| Founded | 2015 |
Fisdom which is a wealth management startup in India helps in selecting the best mutual fund investment option from the pool. All the recommendations are done on the basis of intensive research. One can see their money round the clock and withdraw money with just a click. They do not charge any fees and one can get free financial advice from their wealth manager.
Jama
| Mutual Fund Startup | Jama |
|---|---|
| Founders | Ram Kalyan Medury |
| Founded | 2016 |
Jama believes in simplifying money and helping people grow their wealth. It applies a simple model by having no hidden fees, no commissions, and no high fees. Jama Wealth is India’s top SEBI Registered Investment Advisory, for long-term investing in equity/portfolio/stocks to help with wealth creation & wealth management.
Pratiksha Bajikar
FundsInn
| Mutual Fund Startup | FundsInn |
|---|---|
| Founders | Dhanasekaran Chandhar |
| Founded | 1956 |
FundsInn provides the user with a problem-free investing experience. It is an AMFI-registered company that offers scientifically chosen portfolios to gain maximum returns. One can compare popular options and then decide. You can also choose a mutual fund portfolio on the basis of the goal you want to achieve.
RupeeVest
| Mutual Fund Startup | RupeeVest |
|---|---|
| Founders | Varun Mundra, Mitul Daga, Mayank Mundra |
| Founded | 2013 |
Rupeevest incorporates smart technology to provide hassle-free investing options to users. The portfolios are tailored for better returns. It charges zero fees to the user and is safe and secure.
MutualFundWala
| Mutual Fund Startup | MutualFundWala |
|---|---|
| Founders | Shashikant Bahl (Principal CEO) |
| Founded | 2005 |
MutualFundWala is a Delhi-based company that provides mutual fund investment options through online as well as offline. They basically educate clients about Mutual Funds and understand client’s goals. They assign a relationship manager who then helps clients with additional purchases, changes in SIP, etc.
Wealthy
| Mutual Fund Startup | Wealthy |
|---|---|
| Founders | Aditya Agarwal, Amit Mondal, Prashant Gupta, Somit Srivastava, Tarun Khera |
| Founded | 2015 |
Wealthy was launched in 2016 and has always worked to make investing easier and simpler for users. It boasts of paperless KYC, algorithm-driven fund selection, and rebalancing of mutual funds. Proper asset allocation and fund selection ensure a balance between risk and rewards. Though they don’t charge anything to invest money but take an annual fee which is 0.2% to 2.2% on the basis of the portfolio.
Nivesh
| Mutual Fund Startup | Nivesh |
|---|---|
| Founders | Anurag Garg, Sridhar Srinivasan |
| Founded | 2016 |
Nivesh promises to give users a paperless experience of investing in mutual funds. They partner with local businesses that help investors to perform transactions and track performance. Nivesh categorizes mutual funds into broader categories and then curates them as per the needs of the client.
Upraise
| Mutual Fund Startup | Upraise |
|---|---|
| Founders | Varun Gupta |
| Founded | 2016 |
Upraise helps make an investment in mutual funds easier by providing paperless KYC, zero commission, and bank-grade security. One can view their investments 24/7 and withdraw them in just a click without any hassle.
Shubham Kumar
Kuvera
| Mutual Fund Startup | Kuvera |
|---|---|
| Founders | Gaurav Rastogi |
| Founded | 2016 |
Kuvera is one of the best online platforms to invest in India that helps the user in fund selection, goal planning, tax planning, and rebalancing. It claims to be a truly free investment platform that neither charges from users nor from mutual fund companies. One can invest to achieve goals, save tax, or beat inflation. One more benefit is with one account, you can create investment options for family and relatives as well and also joint accounts.
Niku Mandal
Invezta
| Mutual Fund Startup | Invezta |
|---|---|
| Founders | Sharad Singh, Vivek Singal |
| Founded | 2010 |
Invezta believes that healthy investing is everyone’s right. They claim themselves to be pro-investor. They provide users with unbiased portfolio advice that would help them reach goals and get maximum returns. They charge investors with a subscription fee quarter-wise.
ET Money
| Mutual Fund Startup | ET Money |
|---|---|
| Founders | Mukesh P Kalra |
| Founded | 2015 |
ETMONEY App, from the house of the Times Of India Group, is a fully integrated mobile platform offering products across all sections of a user’s financial life like Direct Mutual Fund, SIP Investment, ELSS Tax Saving Schemes, NPS, Health Insurance, etc. From managing expenses to tracking your investments, from generating extra income through investments to saving money in taxes, from investing in Smart Solutions to borrowing money during the cash crunch, ETMONEY is a one-stop-shop for all financial needs.
The platform also offers personal finance strategies after taking into consideration your financial goals and your duties. The app also offers solutions for tax savings for free which will help you save up to INR 46,800.
Through this platform, you can also get access to various financial products such as insurance policies, direct mutual fund investments through SIP’s, Instant loans, etc. The app also lets you transfer money into the platform through various UPI payment apps such as Google Pay, PhonePe, Paytm, etc.
The Mutual Fund investments through the app are free of cost. The application is available for both Android and IOS users.
Miles Wealth
| Mutual Fund Startup | Miles Wealth |
|---|---|
| Founders | Bhavin Shah |
| Founded | 2016 |
Miles Wealth is one of the promising mutual fund startups in India, offering a digital-first approach to wealth management. Founded by Bhavin Shah in 2016, the platform provides personalized investment advisory and mutual fund distribution services. It focuses on helping investors build long-term wealth through curated portfolios, financial planning, and SIP recommendations.
With a customer-centric model and strong research backing, Miles Wealth is gaining popularity among retail investors. Its mission is to simplify investing for Indians by combining technology with expert advice.
Shubham Kumar
Conclusion
So, this was a list of major mutual fund startup companies in India. Hope this list helps you to have an idea of which platform you can use to invest in mutual funds in India. With a myriad of mutual fund startups to choose from, one can easily invest through a firm that they believe can help them realize their goals. Since mutual fund investments have now become transparent, one can easily manage the various portfolios on their own. One needs to study the market risks involved before investing.
FAQs
What is Mutual Fund?
A mutual fund is a pool of money collected from many investors to invest in stocks, bonds, or other assets, managed by professionals.
How much does it cost to start a mutual fund?
Estimates for initial setup costs alter from $25,000 to upwards of $100,000, depending on the nature of your mutual fund and who sets it up. The costs on an ongoing basis can make it difficult for new mutual funds to turn a profit.
Will mutual funds make you rich?
It’s good enough to help you achieve your monetary goals and at some point become financially independent which in itself is a great thing but if you want to become really rich, just investing in Mutual Funds is not going to make it happen. But investing in stocks is also not going to do it.
Do mutual funds cost money?
Every company that manages a mutual fund charges an annual fee – generally 0.5% to 2.5% of assets – as well as several other expenses. In addition, some funds slap you with a sales charge over and above those fees.
How does the Groww app work?
Groww lets its users invest in mutual funds, including systematic investment planning (SIP) and equity-linked savings. Available on Android, iOS, and the web, it offers more than 5,000 mutual funds, which can be invested in directly from its Groww app.
How many mutual funds are there in India?
As of 2025, there are 44 mutual fund companies in India, offering over 2,500 mutual fund schemes.
Which is the best platform for mutual fund distributors in India?
Top platforms for mutual fund distributors in India are NSE NMF II, BSE Star MF, CAMS Wealth, MF Utilities (MFU), NJ India, and Fisdom. They offer easy onboarding, multi-AMC access, and commission tracking.