ET Money: Mutual Fund & SIP 4+

Good App with prospects but needs work.

The app is definitely a positive in so far as convenience is concerned and helps bypass long paperwork and processes. At the same time the KYC process is simple enough for even a first timer to follow and register. The app needs development in terms of providing more options in SIPs. Currently the app only provides for High Growth High Risk option, Tax Saving option and SIPs with Balanced Returns option. That being said options like ETF based SIPs are currently not being provided. Second, as the SIPs do not provide details as to which are the portfolios the current Funds are invested in. Further there should be an option to ascertain what is the current market value of my investment so that investors can take an informed decision in case they require liquidity.

In so far as money market options are concerned, the process as to what happens when money is invested in the money market and the risks associated with money market investments are not properly laid out. Unless one is made aware of the risks involved in money markets, attracting investors may be difficult.

Definitely an app I would use as it makes my life easier but would want more optionality and features if the intent is to make it the sole one stop shop for making investments.

Developer Response ,

Hi, first of all thank you so much for taking time out and giving us such a detailed feedback. We are working on many new features that will cover almost all the suggestions that you have given. We would love to hear your valuable feedback on our upcoming new features as well. Regards, Team ETMONEY

Single place to track all the MF investments, requiring few improvements.

I’ve been using this app for years now. It has been improved a lot since then, now with the addition of Genius it’s even better.
All the features, ease of use, etc makes the app eligible for a 5 star, but there is one issue in the algorithm which is used to track investments.
It sometimes messes up the total investments in MFs when tracking the external MF investments, it somehow, somewhere ignores few transactions/ counts few as double transactions and messes up all the transactions posted. Like for me, it’s showing the invested/current portfolio worth as around 50% higher than what it is actually. So now I wish there could be a one touch option to clean the external investments and then recreate the database again by uploading the CAS statement. Or the best would be if you guys improve on your algorithm to track the investments correctly. I’d always seen such anamoly, but never bothered because it used to be an error of ~5% till now. But since the the error is ~50% and I’ve been using it to track my folios at single place, the error bothers me more than earlier so thought of writing about this here.
Until the issues are resolved (either way), I feel the app is 3*

Developer Response ,

Hi Mohit, thank you for being a valuable user of ET Money and we deeply regret the unpleasant experience. We are unable to locate your account with your name appearing here. Please share the ticket ID of your email conversation or write to us at help@etmoneycare.com using your registered email address if you haven't emailed us yet for us to get this sorted for you.

Financially rewarding and hassle-free investment platform

I’ve been a satisfied subscriber of ET-Money’s “Genius” membership for a year now. The platform acts as a unified hub for all my investment needs with a seamless and intuitive UI covering stocks, MFs, FDs and NPS. MFs are well categorised, each with an extensive and regularly updated evaluation that helps me make an informed choice.

The “Genius” membership grants access to proprietary investment strategies for stocks and MFs, based on one’s risk appetite. Investments under these strategies undergo rebalancing during SIP-payment to adjust for market conditions. They have performed rather well so far, although I would appreciate the option to rebalance more frequently and automatically for faster response to market-shocks (e.g. the Hindenburg fiasco, or the Palestine-Israel war).

All-in-all, ET-Money is a financially rewarding investment hub that is a pleasure to use. Would highly recommend!