Sqrrl App Review Direct Mutual Fund Investment App

Sqrrl App Review – Direct Mutual Fund Investment App

Sqrrl App Review: Sqrrl, a fintech startup founded in 2016, offers the facility to make investments in direct mutual funds, start a SIP, save tax or simply reach your goals through your investments. If you are looking for a simple, beginner-friendly and modern technology-based app to start investing, then you should definitely check out this app.

In this article, we will review the Sqrrl app to look into some of its unique features and find out how this app stands out among all other direct mutual fund investment apps.

What is Sqrrl?

Sqrrl is a modern technology platform that helps its users to start investing in direct mutual fund schemes by opening an instant online account. As the users invest in direct mutual funds there is no distributor commission involved with this app.

With the simplified investing approach, this app aims to help young Indians save and invest their earnings without making things complicated. The basic ideology behind Sqrrl is to empower users to save small chunks of their salary, even if you are not able to put away a large portion.

Along with saving & investing, Sqrrl also provides the facility to save money on income tax by choosing the right tax-saving funds. Overall, this app aims to help the millennials to prosper financially.

Sqrrl app is available on both Android and iOS.

Key Features of Sqrrl App

One of the prominent features that differentiate the Sqrrl app from all of its competitors is an easy and hassle-free setup. As a matter of fact, the users can open an account and start investing within minutes using this app.

Now, here are a few top features and benefits that you can enjoy by using Sqrrl App:

  1. Fast Paperless A/c Setup: Users can open their instant accounts electronically by entering their bank and PAN details at no cost.
  2. Multilingual App: Unlike most other direct mutual fund investment apps, this app offers services in nine languages including Hindi, Gujarati, Telugu and more.
  3. Zero-commission: As users will be investing in direct funds, there’s no need to pay distribution commissions.
  4. High returns and minimum lock-in: Users can invest in high performing funds with easy and no minimum commitment period.
  5. Hand-picked mutual funds by experts: Sqrrl offers the best hand-picked funds curated by a team of avid financial experts and managers with a combined experience of over 90 years.

Moreover, in addition to direct investment opportunities, Sqrrl also helps its users in tracking and managing their investment portfolios within the same app.

Sqrrl App – A few other things that you should know

Sqrrl App Review Android

 — Is Sqrrl Safe to invest?

Sqrrl fintech is registered as a financial advisor with SEBI (Securities and exchange board in India) and as a distributor with AMFI (Association of Mutual Funds in India). They are a registered, compliant and eligible fintech startup to provide their services.

Moreover, the money invested by the users using Sqrrl app is entirely safe as it never touches the Sqrrl Bank account and is directly invested with the largest AMCs regulated by SEBI. Besides, the details of each transaction are always made known to users at every step of the process, by confirming and corresponding recorded statements by the underlying mutual fund.

— What is the minimum investment amount?

Sqrrl App offers different services and the minimum required investment amounts vary from products to products. However, their most popular product, Sqrrl Away, allows the users to start investing with an amount as low as Rs. 100.

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Further, if you are planning to start a SIP with Sqrrl app, you can begin investing with an amount of Rs. 500. For the tax-saving and goal-based investing products, the minimum amount to get started in Rs. 1,000.

— How is the customer Care/Support offered by Sqrrl?

Sqrrl offers one of the best support to their customers. In fact, this might be the reason why their app is rated 4.4 out of 5 stars on google play store and have got over +100,000  happy users as of March 2020.

Besides, if the users need any kind of support, they can reach the Sqrrl team over phone at +91-7840877775 or via dropping an email at support@sqrrl.in

Conclusion

Sqrrl is an easy and simple to use app focused on the millennials to make their investment journey hassle-free. This app allows its users to make investments with as little savings they got by investing in direct mutual funds, tax savings funds or with goal-based investments. In addition to simple investment options, Sqrrl also helps its users in tracking and managing their portfolio within the app.

Further, as users will be investing in direct mutual funds using this app, they can save a significant amount compared to regular mutual fund investments and enjoy higher returns.

Overall, we’ll definitely recommend you check out this app. Here’s a direct link to download the app on the play store. In addition, if you’ve got any questions regarding the Sqrrl app, feel free to ask in the comment box below. We’ll be eager to help. Take care and happy Investing.

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