“You have got to tell your money what to do, or it will leave,” Dave Ramsey.
If you’re checking your wallet now, then perhaps this quote did its job. It is safe to assume that you’re like every other person looking for a sweet way to invest your money and better your finances. Investing your hard-earned money can turn out to be the wisest decision, and if it is channelled through a trusted platform, then that’s golden. Therefore, keeping the basics of investing, i.e., tracking, managing, and growing your money, is something that becomes highly important.
In this article, we will take a closer look at one mobile application that does this job for you: ETMONEY. It’s an innovative investment application that can become a one-stop solution for all your financial needs. It helps invest in Mutual Funds, Fixed Deposits, and the National Pension System, along with a gambit of other features.
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About the ETMONEY App
A part of the centuries-old Times of India group, ETMONEY is India’s leading app providing financial services. The App has multiple features, such as Investments (Mutual Funds, FDs, NPS), Spend tracker, Insurance (Health, Term, and Vehicle), Credit Card & Loans. Let’s take an in-depth look at all these features.
Invest & Grow Wealth:
One of the ETMONEY app’s key features allows investing at zero commission in Direct Mutual Funds. The App enables you to invest in almost all kinds of mutual funds schemes present in the market. Creating your investment account and getting started is super simple. The app uses video KYC for a completely paperless process for creating an account. Selecting the fund you want to invest in is also very easy. You can get personalized recommendations by answering simple questions like the duration of investment and the risk you are willing to take. The app also has Smart Solutions, which are a basket of handpicked schemes that are perfect for predefined investment objectives like Tax Saving, Beat the FDs, Long Term Capital Builder, etc.
After investing, you can easily track and manage your investments in one place. There is also a feature for existing investors who have made their investments outside of ETMONEY to upload their portfolio on the app and track and manage them there.
ETMONEY also offers investments in Fixed Deposits that gives guaranteed returns of up to 7.25% p.a. Anyone looking to invest with surety of returns can go for it. The interest rates offered by FDs on ETMONEY is one of the highest in the country as of now. So that’s a big plus for sure.
You can also save for your retirement by investing in the National Pension System on the ETMONEY app. NPS gives you better returns than other traditional retirement savings options to create a bigger corpus for your retirement. In addition, investing in NPS is very easy on the app. You get detailed information about the benefits of NPS and can use an NPS calculator, which tells you how much money you will get back on maturity. It also contains a detailed comparison of NPS vs other retirement schemes.
Spend Tracker is a pretty simple and amazing feature on the ETMONEY app that allows you to keep track of all your spending in one place. Just give the app permission to access your SMS, and you will be ready to see the magic. It divides your expenses into different categories, where you can see ATM Withdrawals, E-commerce payments, Net banking transaction, Account transfer etc. The feature we liked is where you can see your spending analytics; if you’re on the right track and keep a check of your spending, you might save some significant amount.
Life is uncertain, and it is always good to have the protection of insurance. This App has got great options for Health Insurance, Term Life Insurance as well as car/bike insurance too. You can also select your insurance choice according to your family needs. The best feature is that it gives you the handpicked plans from India’s top insurers, so you do not have to go through the tedious task of choosing the right plan from the many options available.
Get Credit card & loans:
If you are in need of some extra cash, then you can also take instant personal loans starting from ₹3K to ₹20 Lakh in a completely paperless manner on the ETMONEY app. Not just that, If you are wondering how to get a credit card to earn some points on your spending, then the ETMONEY app is the place you should go to. ETMONEY recommends the best credit card basis for your need in a jiffy. So the app also gives you the best solution for your credit needs.
What looks like a simple money-saving app may turn out to be your go-to investment app. The application has received multiple awards for its UI, and it does uphold its position in our review. ETMONEY has layers of features in terms of functionality; it comes with many simple features that are easy to use and don’t require substantial financial insight. The smart feature of the App is designed so that any user can use it. Perhaps what seems like a financial app for your account manager will help you earn and save more money.
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Disclaimer: Mutual Fund investments are subject to market risks; read all scheme related documents carefully.