ELSS or Equity Linked Savings Scheme, is a type of tax-saving mutual fund available in India. They offer the advantages of equity investments while also providing tax deductions under Section 80C. ELSS schemes have a lock-in period of 3 years and can potentially generate high returns and help in saving taxes. With the emergence of ELSS mutual fund apps, investing in these funds has become more convenient than ever before. In this blog, we will discuss the key features of an ELSS fund app.

Convenience and Accessibility

In recent years, mutual fund trading apps have revolutionized investors' approach to the stock market. These apps help investors easily manage their portfolios, stay up-to-date with real-time market updates, utilise advanced tools to analyze market trends and make informed decisions, and enjoy a user-friendly interface that simplifies the investment process. 

User-Friendly Interface

With these apps, investors can easily access their portfolios, perform transactions, and monitor the performance of their assets anytime and anywhere. The user-friendly interfaces and features make it easier for new investors to understand the investment process. Automatic investment plans can be set up quickly, fund performance can be examined, and a variety of fund options can be browsed through.

Real-time Notifications

Investors today have access to a wealth of information that can help them make informed decisions about their portfolios. One crucial tool that aids in this process is real-time notifications. These notifications offer investors timely updates on market trends, fund performance, and other news that may impact their investments. This information allows investors to stay on top of market developments and make quick and informed decisions.  

Advanced Tools and Features

Advanced tools and features, such as intuitive graphs, performance analysis, risk assessment tools, and portfolio analysis, provide investors with valuable insights into their investments. With these tools, investors can evaluate risk, make informed decisions, and achieve their financial objectives.

Safety Measures

ELSS apps follow strict security standards to ensure the safety of investors' sensitive information and transactions. These include data encryption, which protects sensitive information by converting it into a code that can only be deciphered by authorized parties. Two-factor authentication, which requires users to provide two forms of identification before accessing their accounts, is also an essential security measure.  

Conclusion 

Mutual fund trading apps have revolutionized the investment landscape, making it easier for investors to manage their investments and make well-informed decisions. These apps have changed the game for mutual fund investors, offering ease of use, user-friendly interfaces, real-time updates, advanced tools, and safety measures. Apps like Axis MF are among the top examples. You can use such excellent platforms to take full advantage of the benefits offered by ELSS apps.