8 Best Investment Apps for Passive Income

With the increasing popularity of digital investing, many Indians are looking for ways to generate passive income through convenient and user-friendly platforms.

Finding the best investment apps for passive income can open up opportunities to earn money without active involvement. Investment apps allow you to diversify your portfolio, set up automatic investments, and track your earnings, all from your smartphone.

In this article, we’ll cover the best investment apps for passive income in India, explain how they work, and why they’re worth considering for anyone looking to grow their wealth with minimal effort.

What is Passive Income?

Passive income is money earned with little ongoing effort, as opposed to active income from employment or a business. Investing in dividend stocks, fixed deposits, mutual funds, and exchange-traded funds (ETFs) are some popular ways to generate passive income.

The best investment apps for passive income simplify the process by allowing users to manage, track, and automate investments, helping them earn consistent returns over time.

Benefits of Using Investment Apps for Passive Income

1. Ease of Use: Investment apps have intuitive interfaces, making it easy for beginners to start investing without prior experience.
2. Low-Cost Investment Options: Most apps offer low or zero transaction fees, making it affordable to start investing with small amounts.
3. Diversification: Many apps allow you to invest in various asset classes like stocks, bonds, and mutual funds, which can lower risk.
4. Automation: Apps offer options like SIPs (Systematic Investment Plans) and dividend reinvestment, letting you automate and compound your investments over time.
5. Real-Time Tracking: Users can monitor their investments and track their portfolio’s performance anytime, anywhere.

Best Investment Apps for Passive Income in India

1. Groww

Groww is a popular app among Indian investors, especially beginners. It allows you to invest in mutual funds, stocks, and fixed deposits (FDs), making it ideal for passive income seekers.

• Features:
  • Zero-commission mutual funds.
  • Easy SIP set-up.
  • Real-time tracking and a clean user interface.
• Who is it for?: Ideal for beginners looking for a hassle-free investing experience.
• Groww Official Website

2. Zerodha (Kite and Coin)

Zerodha is one of India’s largest and most trusted stockbrokers. It offers two apps, Kite for stock and ETF trading, and Coin for mutual funds, making it a comprehensive solution for passive income through investments.

• Features:
  • Low brokerage fees.
  • Wide range of investment options, including stocks, ETFs, and mutual funds.
  • SIP investments in mutual funds through Coin.
• Who is it for?: Suitable for both beginners and experienced investors.
• Zerodha Official Website

3. ETMONEY

ETMONEY is a financial services app that allows you to invest in mutual funds, fixed deposits, and National Pension Scheme (NPS). With its auto-invest features, it’s an excellent option for creating passive income through systematic investments.

• Features:
  • No transaction fees on mutual funds.
  • SIP and tax-saving options.
  • Smart recommendations based on goals.
• Who is it for?: Ideal for investors looking for SIP options and long-term passive income.
• ETMONEY Official Website

4. Upstox

Upstox is another top-rated investment app that offers stock trading, mutual fund investments, and even IPO applications. It’s an easy-to-use platform with minimal brokerage fees, making it one of the best investment apps for passive income in India.

• Features:
  • Low brokerage charges.
  • Offers access to IPOs.
  • Seamless stock trading and mutual fund investments.
• Who is it for?: Great for those interested in stocks and IPOs along with mutual funds.
• Upstox Official Website

5. Paytm Money

Paytm Money allows you to invest in mutual funds, stocks, and digital gold. With its well-designed app, users can set up SIPs, invest in NPS, and track all investments in one place, making it a solid choice for passive income investors.

• Features:
  • Low-cost mutual fund investments.
  • Offers NPS and digital gold investments.
  • User-friendly app with easy tracking.
• Who is it for?: Suitable for new investors looking to diversify in multiple asset classes.
• Paytm Money Official Website

6. Scripbox

Scripbox is a digital wealth management platform that provides tailored investment plans and guides users on building a passive income portfolio. It focuses on mutual funds and long-term SIPs, making it ideal for wealth creation over time.

• Features:
  • Personalized investment suggestions.
  • Long-term and goal-based investment options.
  • Easy withdrawal and fund tracking.
• Who is it for?: Best for long-term passive income seekers looking for guidance.
• Scripbox Official Website

7. INDMoney

INDMoney is a unique app offering a variety of investment options, including stocks, mutual funds, fixed deposits, and even US stock investments. Its wealth management features make it one of the best investment apps for passive income by allowing users to track all assets in one place.

• Features:
  • Investments in Indian and US stocks.
  • Mutual funds and fixed deposits.
  • Loan tracking and credit card management.
• Who is it for?: Suitable for investors who want a one-stop app for tracking both Indian and US investments.
• INDMoney Official Website

8. Kuvera

Kuvera is known for its zero-commission investment offerings and is highly focused on wealth management. The app provides goal-based investing and allows you to automate your SIPs for steady, passive income.

• Features:
  • Free mutual fund investments.
  • Goal-based investing and SIP automation.
  • Portfolio tracking and recommendations.
• Who is it for?: Ideal for passive investors looking for free, goal-based investment options.
• Kuvera Official Website

How to Choose the Best Investment Apps for Passive Income?

1. Investment Options: Look for apps that offer a variety of investment choices, like mutual funds, stocks, ETFs, and FDs, to diversify your income sources.
2. Ease of Use: Choose apps with a simple, user-friendly interface to make managing investments easy, especially if you’re a beginner.
3. Low Fees: Some apps have zero commission on mutual funds, while others have low brokerage fees, so consider the cost structure carefully.
4. Automation Features: SIPs and automatic investments help you stay consistent and build passive income without frequent monitoring.
5. Security: Ensure the app is registered with SEBI and follows proper security protocols to protect your investments.

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