How to Track the Mutual Fund Portfolio on the ET Money App?

ET Money is one of the leading Investment apps in India. It is owned by Times Internet Group and came into existence in the year 2015. Through this app, you can invest in a variety of financial products like mutual funds, fixed deposits, NPS, etc.

ET Money app is considered to be the best mutual fund app. It allows you to invest in top mutual funds in India from a single app. Moreover, you can buy and sell mutual funds through this app at zero commission charges.

Benefits of Investing in Mutual Funds through ET Money App

Let’s understand some of the benefits of the ET Money App which makes it better than other mutual fund apps.

1. Direct Investment in Mutual funds:

When you invest in mutual funds through agents then you are investing in regular mutual fund plans. These plans deduct fees from your returns and pay them as a commission to the agent. This decreases your overall earnings.

But through the ET Money app, you can directly invest in mutual funds. So you don’t have to pay any commission fees or charges. So your overall earnings from mutual funds increase.

2. Invest in Top Mutual Funds at One Place:

Through the ET Money app, you can invest in all top mutual funds. There is no need to go to each AMC website to invest in that particular mutual fund. You can invest in the mutual fund of your choice from a single app. This makes this app one of the best mutual fund apps in India.

3. Easy Redemption:

Not just buying mutual funds but even redemption of mutual funds is also very convenient on this app. Just by following a few steps you can redeem the mutual fund and get the funds in your linked bank account.

4. Helps You in Choosing the Fund:

Your choice of mutual fund investment depends on various factors like risk-taking capacity, financial goals, etc. ET Money app has categozised mutual funds on the basis of these factors.  The smart solutions feature on this app helps you in buying different combinations of funds as per your needs.

Steps to track Mutual Fund Portfolio on ET Money App:

You may have started investing in mutual funds through ET Money App but now you want to track Mutual Fund Portfolio. Here is a step-by-step guide to help you to track your mutual fund portfolio on ET Money App.

1. Firstly you need to open the ET Money App. After this, you can need to click on the “Direct Mutual Fund “option.

2. Now you will find the three dots in the top right corner of the app. Tap on that three dots.

3. You will be able to view the option of “Track External Portfolio”. You need to click on it.

4. Now you can generate the consolidated transaction statement from CAMS from the app itself.

5. Let the process of statement generation get completed. After this, you will receive the transaction statement within half an hour.

6. Either you can mail this statement to portfolio@etmoneycare.com. Or else you can upload the statement on the app itself and enter the right password.

7. After doing this, your mutual fund portfolio will be updated in the app within ten minutes.

Conclusion:

You can understand how easy it is to track mutual fund portfolios on the ET Money app. If you are someone who believes in tracking your mutual fund portfolio on regular basis, then this app is for you. From tracking portfolios to convenience in buying mutual funds, this app has everything to offer to investors.