Is it legal to invest in Mutual funds through different apps - IIFL MF, Zerodha, ET Money etc?

Yes, it is absolutely legal to invest through various apps. These apps have been developed with the purpose of making investment easy and hassle-free for the investors. Investing through apps fulfills all the basic requirements and is regulated by SEBI just like investment through brokers.

These apps are easy to use, have a user-friendly interface, and processes data faster. While online facilities have made our lives easier and faster, it has also made them prone to various risks. Generally, these apps are developed considering the security factors and are reliable for investment. 

The best part about investing through apps is that you can get all your data in one place with just a few simple clicks. Once you’ll understand how these apps work, you’ll find it a better option as it saves time and unwanted calls and follow-ups from the agent.

These apps use the identity of a person who wishes to invest through it which can be Aadhar Card, PAN card, or any other valid proof of identity. So, the authenticity of the investor could be verified. They also require the investor to submit other documents that are necessary for the purpose of making an investment. However, one has to be aware and shall take all the necessary precautions while investing through such apps.