Image of Best UPI Apps in India

5 Best UPI Apps in India in 2019 (For Android Users)

With the return of PM Modi 2.0, digital India has continued to make new progress. And UPI payments have played a big role in this movement. In this article, we will discuss the best UPI Apps in India for easy and fast transactions. But, before we start, let’s first understand what exactly is a UPI?

UPI means Unified Payments Interface. UPI payments have taken a substantial march ahead and nowadays, the mobile app store is flooded with new and innovative UPI apps in India. Briefing about UPI, it is an instant real-time payment system developed by NPCI which stands for National Payments Corporation of India which helps in inter-bank transactions by instantly transferring funds between two bank accounts on a mobile or web platform. As of 2019, a total of 142 banks are active on UPI with a monthly volume of over 799.5 million transactions. And, this has resulted in a total transaction value of ₹1.33 trillion as of March 2019 which in increasing day after day.

Because of this advancement in UPI payments, money can now be sent to anyone across the nation within no time.

Anyways, not all apps listed on the play store are equally good for making UPI payments. Many times, the interface of some of these UPI apps in India may be hard to understand initially. Therefore, in this post, we have handpicked the best UPI apps in India that are easiest to use and definitely worth checking out.

Best 5 UPI apps in India:

1. PhonePe – UPI Payments, Recharges & Money Transfer

UPI Apps in India- PhonePe

PhonePe stands first in our list of best UPI apps in India. It is a revolutionary app which made the Indian population start trusting and moreover making online mobile payments. PhonePe not only helps in making UPI payments but users can also recharge, make online bill payments, order food, shop, etc. all in just one app.

PhonePe also provides various offers, rewards, and cash back to its customers. Having one of the simplest interfaces with the safest and fastest online payment experience in India, PhonePe is definitely better than most of the other UPI payment apps or internet banking services.

Google Play Store Rating: 4.5/5 with a total of 33,89,149 reviews

Here’s a direct invite link to download PhonePe.

2. Google Pay (Tez) – A simple and secure payment app

UPI Apps in India- Google pay

Google Pay, formerly known as Tez App, stands second in our list of best UPI apps in India. This app has accumulated a huge customer base in a very small time. And obviously, having a big brand name of ‘Google’ has helped this app to build trust among the new and existing customers.

Using Google Pay, users can send money to friends, pay their bills, shop online, recharge, or pay at the nearby café, etc. through the secure payment by Google.

Another most enjoyable part of using Google Pay is the “Scratch cards”. Whenever the users make a new transaction, they are awarded a gift card in the form of the scratch card. After scratching the card, users can earn a gift in the form of money which directly gets credited into the registered bank account. Anyways, you won’t earn a Scratch card on every transaction as there are a minimum value and number of transactions predefined by the app. However, if you’re lucky, you may get a reward of up to Rs 1 lakh.

Google Play Store Rating: 4.4/5 with a total of 27,76,391 reviews

Here’s a direct invite link to download PhonePe.

3. Paytm – BHIM UPI, Money Transfer & Mobile Recharge

UPI Apps in India - Paytm

Paytm is a quite well-known mobile payments app in India. Along with Paytm Mall, it also offers Paytm Wallet and Paytm UPI (was introduced in the year 2017). In simple words, we can call it a mega store due to the variety of products and services provided by this app.

Paytm users can perform almost each and every activity related to online payments on its app. And that’s why it is certainly the most used payments app and is third in our list of best UPI apps in India.

From making online Payments to buying household items, groceries, IRCTC train ticket booking, bus & flight booking, movie tickets, LIC premium payment, metro card recharge, buying gold, making loan payments, paying e-challans & more, everything can be done on this app.

Google Play Store Rating: 4.5/5 with a total of 61,27,939 reviews

Also Read : 7 Best Mutual Fund Apps for Direct Investment

4. Freecharge – Recharges & Bills, UPI, Mutual Funds

freecharge UPI App

Freecharge is another online payment mobile app in India which provides features like Mobile Recharges, bill payments, sending or receiving money through UPI– after creating BHIM UPI ID & linking the bank account. Moreover, because of its simple interface, everything seems quite easy for making UPI payments.

Besides, Freecharge app also provides the facility to invest in Mutual Funds, making investments with SIPs, booking movies tickets, buying food, shopping, purchasing travel tickets, etc and that too with an additional cashback and discounts.

Google Play Store Rating: 4.1/5 with a total of 11,21,313 reviews

Also Read: 7 Best Stock Market Apps that Makes Stock Research 10x Easier

5. PayZapp – Recharge, Pay Bills & Shop

PayZapp UPI App

HDFC Bank PayZapp is the fifth app in our list of best UPI payment apps in India. It is a complete payment solution giving you the power to pay in just One Click.

PayZapp is used to make online Recharge, Bill Payments, BharatQR Payments, booking travel tickets, Shopping, obtaining movie tickets, buy groceries and more. It supports payment by mVisa QR, MasterPass QR, and Rupay QR and is available to customers of all banks. Overall, PayZapp is convenient, fast and secure UPI payments apps in India and definitely worth checking out.

Google Play Store Rating: 4.0/5 – with a total of 2,82,240 reviews

5 best upi apps in India

Bonus: A few additional UPI apps in India

  • MobiKwik – Recharge, Bill Payment, Instant Loan, UPI, Insurance

    Google Play Store Rating: 4.4
    With a total of 12,03,032 reviews

  • BHIM SBI Pay: UPI, Recharges, Bill Payments, Food

    Google Play Store Rating: 4.4
    With a total of 2,63,337 reviews

  • Kotak – 811 & Mobile Banking

    Google Play Store Rating: 4.4
    With a total of 4,58,209 reviews

  • Pockets ICICI -UPI, Wallet, Bharat QR

    Google Play Store Rating: 4.1
    With a total of 1,47,135 reviews

  • JioMoney Wallet

    Google Play Store Rating: 4.3
    With a total of 1,86,001 reviews

That’s all for this post. Let us know which one is your favorite UPI payment app in India in the comment section below. Cheers!

7 Best Mutual Fund Apps for Direct Investment cover

7 Best Mutual Fund Apps for Direct Investment

As we all know that investing in mutual funds is one of the best ways to grow our money in the long term. And thanks to some of the best mutual fund apps in India, tracking, managing and investing in different mutual fund schemes is a lot faster and easier these days. Moreover, you can perform all these activities in just one app.

Whether you are interested to invest in regular funds or direct mutual funds, there are multiple mobile apps for these mutual fund investments in the google play store providing the advantage of buying and selling on the tip of your fingers. Further, if you plan to invest in direct funds through these apps, they can also help you to save an extra commission of 1% to 1.5% which is a huge advantage. 

What are Direct Mutual funds?

Direct vs Regular Mutual Funds Plans: With effect from the very beginning of the year 2013, the SEBI had made it compulsory for all Mutual Fund houses of having two versions of each scheme i.e. Direct plan & Regular (or Indirect plan).

In a Direct plan, you can invest directly in a scheme of a Mutual Fund AMC at a low cost. The direct plans are cheaper than the regular plans because you will be saving costs in terms of paying commission to intermediaries. Looking at both the plans, the difference in returns seems to be as low as 0.25% which can go up to 1%.

In the long-term, these differences result in significant amounts. So, this clearly evident that you should always go for investing in the Direct plans of Mutual Funds. (Have a look at what AMFI says about Direct Plan here)

7 Best mutual fund apps for direct investment:

From hundreds of mutual fund investment apps listed on the play store, we have hand-picked seven of the best mutual fund apps for direct investment. Here is the list of the most competent mutual fund apps for Indian investors:

1. myCAMS Mutual Fund App

myCAMS Mutual-Fund App logo

 

myCAMS is a single gateway to invest in multiple Mutual Funds schemes. The app facilitates faster, easier and smarter ways to transact in the direct funds.

There are various features of myCAMS which include mobile PIN & Pattern login, one view of your MF portfolio, open new folios, purchase, redeem, switch, set up SIP and more. It also helps in scheduling the transaction option which allows investors to set up future Mutual Fund transactions.

Rating on Google Play store: 4.4 out of 5 with a total of 43,253 ratings.

Here is the direct link to the app on play store.

2. KFinKart- Investor Mutual Funds

KFinKart Investor Mutual-Funds app logo

The core objective of this app is to simplify the journey of the customer in mutual funds. It is a one-touch login app that empowers you to invest across a host of mutual funds and provides a new way of investing your money. It also emphasizes on a single view of your investments, manage profile, make decisions and transact instantly without needing multiple apps offered by different fund houses.

This app peculiarity is to make the most of your time and money by linking and tracking your family folios across AMCs, invest in NFOs, transact or reinvest, start or stop SIPs, etc.

Rating on Google Play store: 4.1 out of 5 with a total of 17,918 ratings.

Here is the direct link to the app on play store.

3. Zerodha Coin

Zerodha Coin mutual-fund app logo

As per my opinion, Zerodha coin is one of the best apps to invest in direct mutual funds. They offer investment services in over 3,000 commission-free direct mutual funds across 34 fund houses. This can help in saving up to 1-1.5% more per annum compared to regular mutual funds. With over 1,50,000 investors who have invested over 2500 crores and collectively saved 30+ crores in commissions, Zerodha Coin has already built a big brand and customer base.

Key features of the app include:

  1. Search, filter, and buy from over 3,000 commission-free direct mutual funds across 34 AMC’s.
  2. A single capital gain statement, P&L visualizations, and Annualized (XIRR) and absolute returns.
  3. Mutual funds are held in Demat form, and thus easier to pledge as collateral for loan against securities. 

Rating on Google Play store: 3.9 out of 5 with a total of 2,830 ratings.

Here is the direct link to the app on play store.

Note: You can open your account with Zerodha to invest in direct mutual funds and stocks using this quick link.

4. ETMONEY Mutual Fund App

ET Money mobile app logo

ETMONEY was founded by a group of passionate Entrepreneurs, IITians and Designers with deep expertise in technology, mobile & financial services. Associated with a big brand of Economic times, this Mutual Fund app is a one-stop destination for all things investment which helps to track & manage expenses using expense manager, Invest in Mutual Funds through SIP or Lumpsum, Save tax with SIPs in ELSS mutual funds, etc.

Rating on Google Play store: 4.6 out of 5 with a total of 82,199 ratings.

Here is the direct link to the app on play store.

5. Groww- Mutual Funds App

Groww Mutual-Funds App logo

Groww app is one of the fastest-growing apps in the Indian mutual fund industry. And the credit goes to its clean user-interface. This app helps in investing in mutual funds free of cost and is pretty simple to use with minimum paperwork and no hassles. All mutual funds information are available in just one investment app. Similar to the apps listed above in this article, Groww app also allows everyone to invest in direct mutual funds with zero commission and offers an additional saving up to 1.5%+ compared to regular plans.

Key features include:

  1. Simple design, built with beginners and experts in mind
  2. Dashboard to track all your investments, annualized returns, and total returns
  3. Top mutual funds list for different categories with the latest finance news and insights

Rating on Google Play store: 4.6 out of 5 with a total of 24,189 ratings.

Here is the direct link to the app on play store.

6. PayTM Money Mutual Funds App

PayTM Money Mutual-Funds App logoPaytm Money, offered by the Paytm group, is turning out to be one of the most trusted platforms in India which provide ​up to 1% ​higher returns by investing in Direct Plans of Mutual Fund Schemes with no commissions or any charges on buying and selling of direct mutual fund plans.

It offers many features to the customer which includes fully Transparent Tracking, Data Privacy & Protection, Switch from Regular to Direct Plans, Track, Manage & Automate SIP Investments, etc.

Rating on Google Play store: 4.3 out of 5 with a total of 29,447 ratings.

Here is the direct link to the app on play store.

7. KTrack mobile app by Karvy

KTrack mutual-fund mobile app logo

The primary objective of KTrack mobile app by Karvy is to manage the investments of its customer in mutual funds. This app offers new ways of investing your money. With just one-touch login that powers you to invest across thousands of mutual funds. It provides a single view of your manage profile, investments, make decisions and transact instantly without needing multiple apps.

The app has Enriched UI and many features like One-touch login or Log In through Facebook/Google account, Enriched Navigation, provides Portfolio Dashboard, helps in tracking of your transaction, NAV Tracker, etc.

Rating on Google Play store: 4.1 out of 5 with a total of 17,918 ratings.

Here is the direct link to the app on play store.

Bonus: Additional Mutual Fund Apps

List of a few other Mutual Fund Apps for Direct Investment:

A few fast-growing startup apps trying to simplify mutual fund investment worth checking out:

  • Scripbox: 4.3/5 with a total of 2,938 ratings (Playstore)
  • Kuvera: 4.5/5 with a total of 1,580 ratings (Playstore)
  • Sqrrl: 4.3/5 with a total of 1,502 ratings (Playstore)
  • Goalwise: 4.6/5 with a total of 431 ratings (Playstore)

Also read: 7 Best Stock Market Apps that Makes Stock Research 10x Easier.

That’s all for this post. Let us know which one is your favorite mutual fund apps in the comment section below. Happy Investing!

Top 10 Companies in India by Market Capitalization

Top 10 Companies in India by Market Capitalization.

Top 10 Companies in India by Market Capitalization (Updated Sept’19):

As per the International Monetary Fund (IMF), India is the seventh-largest economy in the world in terms of nominal Gross Domestic Product (GDP),  which is valued to be worth US$ 2.308 trillion. This is mainly due to business various Indian companies have been doing in India and overseas. 

Every company operating in India works extremely hard to get better in terms of the quality and customer satisfaction which they provide through its products or services. An organisation is generally evaluated on different parameters such as assets, profits, sales, market value, share price, etc. and is ranked accordingly. However, when we talk about the size of a company, one of the biggest factors to look is its market capitalization.

In this post, we are going to discuss the ten biggest public companies in India based on their latest market capitalization.

What is market capitalization?

Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding stocks. It is calculated by

Market capitalization = (Current market price of 1 share)*(total number of outstanding shares)

It helps to classify the companies in different types like large cap, mid cap, and small cap companies. The companies with a market cap of Rs 29,000 crore or more are large-cap stocks. Company stocks with a market cap between Rs 8,500 crore and 29,000 crores are mid-cap stocks and those less than Rs 8,500 crore market cap are small-cap stocks.

Related post: Basics of Market Capitalization in Indian Stock Market.

Example: 

Just by looking at the share price, you cannot judge the size of a company. For example, here are the share price of two companies from the automobile sector.

  1. Maruti Suzuki – Rs 5987.70
  2. Eicher Motors – Rs 15750.00

Which company is bigger?

If you just look at the share prices, you might think that Eicher motors share price is quite large compared to Maruti Suzuki, and hence, it may be bigger.

However, the total number of outstanding shares of Maruti Suzuki is much large compared to Eicher Motors. Maruti Suzuki have around 30.2 Crore shares while Eicher motors have 2.72 crores shares. Therefore, the market capitalization of Maruti Suzuki is Rs 180,828.54 Crores while the market capitalization of Eicher Motors is Rs 42,840 Crores.

Therefore, Maruti Suzuki is a bigger company compared to Eicher motors.

Top 10 Companies in India by Market Capitalization

Here is the list of the top 10 companies in India by market capitalization:

1. Tata Consultancy Services (TCS)

TCS building

Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service and consulting company headquartered in Mumbai, Maharashtra, India. It is a subsidiary of Tata Group and operates in 149 locations across 46 countries.

TCS is the largest Indian company by market capitalization. TCS is now placed among the most valuable IT services brands worldwide. The market capitalization value of TCS is Rs. 802466.23 Crores with a current price of Rs.2138.55.

2. Reliance Industries

Reliance Industries Limited

Reliance Industries Limited (RIL) is an Indian multinational company headquartered in Mumbai. The company was co-founded by Dhirubhai Ambani and Champaklal Damani in the 1960s as Reliance Commercial Corporation.

Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India. The market capitalization value of RIL is Rs.764308.09 Crores with a current price of Rs.1205.70.

3. HDFC Bank

HDFC Bank

HDFC Bank is an Indian banking and financial services company that was incorporated in 1994, with its registered office in Mumbai, India. Its first corporate office at Sandoz House, Worli was inaugurated by the then Union Finance Minister, Manmohan Singh.

As of  June 2019, it had a base of 1,04,154 permanent employees with 5,130 branches across 2,764 cities. It is India’s largest private sector lender by assets and market capitalization. It has a market capitalization value of Rs.598433.19 Crores with a current price of Rs.2187.75.

4. Hindustan Unilever

Hindustan Unilever
Hindustan Unilever Limited (HUL) was established in 1933. It is a British-Dutch manufacturing company headquartered in Mumbai, India. Its products include foods, beverages, cleaning agents, personal care products, water purifiers, and consumer goods.

As of 2019 Hindustan Unilever portfolio had 35 product brands in 20 categories with 18,000 employees and sales of Rs. 34,619 crores in 2017-18. The market capitalization value of Hindustan Unilever is Rs.395987.42 Crores with a current price of Rs.1829.20.

5. Infosys

Infosys building

Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services.

It is the second-largest Indian IT company after Tata Consultancy Services with its headquarters in Bangalore, Karnataka, India. The market capitalization value of Infosys is Rs.354285.41 Crores with a current price of Rs.829.85.

Quick Tip: If you are new to the share market, you’ll need to open your demat account to start investing/trading. We’ll highly recommend opening an account with Zerodha, No 1 stockbroker in India. Here’s a detailed post on how to open Zerodha account step-by-step. 

6. H D F C

HDFC Limited

Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company founded in 1977 as the first specialized mortgage company in India based in Mumbai. It is a major provider of finance for housing in India.

HDFC also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits, and education loans. The market capitalization value of HDFC is Rs.343110.50 Crores with a current price of Rs.1988.30.

7. ITC

ITC Limited Logo

ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, India.

It was Established in 1910 as the ‘Imperial Tobacco Company of India Limited’, the company was renamed as the ‘India Tobacco Company Limited’ in 1970 and later to ‘I.T.C. Limited’ in 1974. The dots in the name were removed in September 2001 for the company to be renamed as ‘ITC Limited’. It has a market capitalization value of Rs. 293918.22 crores with current price of Rs.239.25.

8. Kotak Mahindra Bank

Kotak Mahindra Bank

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, India. Established in 1985  by Uday Kotak.

In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group’s flagship company, received a banking license from the RBI. It offers banking products and financial services in the areas of personal finance, investment banking, general insurance, life insurance, and wealth management. It is the 2nd largest Indian private sector bank by market capitalization value of Rs. 279739.96 crores with current price of Rs.1464.75.

9. ICICI Bank

ICICI bank building

It is an Indian multinational banking and financial services company headquartered in Mumbai and its registered office in Vadodara, Gujarat. It offers a wide range of banking products and financial services  in the areas of investment banking, life, non-life insurance, venture capital, and asset management.

ICICI Bank has 4867 branches and 14367 ATMs across India and has a presence in 17 countries including India as on March 31, 2018. The market capitalization value of ICICI bank is Rs.257904.55 crores with a current price of Rs.399.35.

10. State Bank of India

State Bank of India

The State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body with its headquarters in Mumbai.

SBI descends from the Bank of Calcutta, founded in 1806, via the Imperial Bank of India which in turn became the SBI in 1955, making it the oldest commercial bank in the Indian subcontinent. It is the largest bank in India with a 23% market share, besides a share of 1/4th of the total loan and deposits market. Market capitalization value of SBI is Rs. 250246.11 crores with a current price of Rs. 280.40.

Also Read :

Summary: Top 10 Companies in India by Market-cap

S. NoCompany NameIndustryLast PriceMarket Cap (In Cr)
1TCSIT/Software company2138.55802466.23
2RelianceRefineries, Oil & Gas1205.7764308.09
3HDFC BankNon-public sector banking2187.75598433.19
4HULConsumer products1829.2395987.42
5InfosysIT/Software company829.85354285.41
6HDFCFinancial company1988.3343110.5
7ITCCigarette, Hotels, Consumer products239.25293918.22
8Kotak Mah. BankPrivate bank1464.75279739.96
9ICICI BankPrivate Bank399.35257904.55
10St Bank of IndiaPublic Sector Bank280.4250246.11

Disclaimer: This data is updated on September 19, 2019. As the stock price changes in the future, the market capitalization will also change. Hence, the list of top 10 companies in India by market capitalization can also change in the future.

Also read: How to Invest in Share Market? A Beginner’s guide