Managing investments just got easier. The portfolio section has been revamped and now has a sleeker new look and some fantastic additional features, that we are sure you will love!
Here is what this revamp brings to you:
- A Cleaner Dashboard
- View of transactions that need attention
- More Portfolio Insights
- Easy to use filters
- How the scheme has fared for you
Moreover, We have made paying for investments through UPI even more smoother.Update to the latest version and enjoy:
- A seamless payment experience: Just select your preferred UPI app and enter your PIN. No extra sign-in or authentication required. Instant payment right from the app
Ratings and Reviews
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
A mixed bag experience !
My experiences so far with etmoney have been a mixed bag.
1)Faster eKYC , with no need for cheque leaf.
2)Option to add external investments.
1) No chat feature.
2)No option to update address and other details.
3)Very limited information of the fund when compared to apps like Moneycontrol, with no info on holdings and allocations of the fund.
Suggestions for improvement:
1) please add chat and additional features for quicker communication and issue resolution.
2)Please add options to update details like address , phone number etc.
3)Please add money manager section , atleast with options to update spends manually.
4)Please add options to get statements whenever needed.
5)Relevant and personalised article feed from Economic Times app.
6)All the other points mentioned under Cons section.
I hope that the experience improves with time and these suggestions are considered for enhancing the apps so that a lot more people would be encouraged to invest more and use the app better in future.
1) Please add a way to login to Etmoney through desktop. Sometimes , we will definitely need to use desktop instead of the phone.
Developer Response ,
Hi Akhil, we're working on ETMONEY web version and will roll out the same very soon. Thanks for your continous feedback and support.
Great app for with ease of features
It’s a great app , great features and ease of investing into mutual funds to insurance. The navigation is pretty user friendly and gives you update on a daily basis. This also gives you CIBIL score and tells you the history of credit to where do you find yourself as far as “ Good or excellent “ in various categories of credit history “. This will help you improve your score as well.
Opportunities- Other investments that you have made in other apps / institutions are not getting updates here - shares / investments in FD / Investments in Housing , loans taken from other banks etc. if you can give access to upload the statements of various institutions will definitely help in ensuring that this is a single app for tracking all your investments.
Up to six family members will be able to use this app with Family Sharing enabled.