INDmoney
by Finzoom Investment Advisors Private Limited
About This App
INDmoney is an all-in-one personal finance and investing app built by Finzoom Investment Advisors Pvt. Ltd. in Gurugram, India. Founded in 2018 by Ashish Kashyap (former PayU India CEO) along with Varun Bhatia, Nikhil Behl, Dhruv Pathak, and Amrita Sirohia, the platform has grown to over 10 million users and reported Rs 213 Cr annual revenue as of March 2025. It is registered as a SEBI-licensed investment advisor and stockbroker. The app consolidates investing across Indian stocks, US stocks (with fractional shares starting from Rs 100), mutual funds, SIPs, IPOs, fixed deposits, NPS, insurance, and digital gold — all in one place. The net worth tracker automatically pulls data from linked bank accounts, demat accounts, credit cards, and loans to give a real-time financial dashboard. AI-driven advisory suggests portfolio switches from regular to direct mutual funds (saving 1-1.5% in commission), and goal-based planning helps users work toward retirement, education, or home purchase targets. INDmoney is free to use with zero account opening charges and zero commission on direct mutual fund investments. Revenue comes from brokerage on stock trades (Rs 20 per order for Indian stocks), forex markup on US stock transactions, and distribution income from insurance and FD products. Compared to Zerodha (Indian stocks only) or Groww (limited US stock access), INDmoney offers the widest product range in a single app — though Zerodha's Kite remains the preferred platform for active Indian stock traders. Best suited for young professionals and first-time investors who want a single app to manage all their finances — from tracking net worth to investing in US tech stocks. The clean UI and SIP-from-Rs-100 entry point make it beginner-friendly. Experienced traders who need advanced charting, options strategies, or lower brokerage will find Zerodha or Groww more capable for active trading.
App Details
Finzoom Investment Advisors Private Limited
Honest Review
4.5/5 on Google Play Store (10M+ downloads) · Last verified 2026-04-25
What works well
- +All-in-one app: US stocks, mutual funds, FDs, insurance, NPS, and credit score in one place
- +Direct US stock investing with fractional shares from India — start with just Rs 100
- +Free credit score tracking and financial health dashboard with net worth tracker
- +Zero-commission mutual fund investments (direct plans) with AI-powered switch suggestions
- +Clean UI that tracks your total net worth across banks, investments, and loans
- +SEBI-registered investment advisor and stockbroker — regulated and compliant
What needs improvement
- -US stock trading has forex markup fees that aren't always transparent upfront
- -The 'free' model means they earn through product distribution (insurance, FDs) — conflict of interest
- -Net worth tracking requires linking bank accounts which raises privacy concerns for some users
- -iOS app feels buggy and glitchy — reported freezing issues and clunky navigation
- -Some investment products have lock-in periods that aren't clearly highlighted before purchase
Common user complaints
- !US stock sell orders take 2-3 days to settle and the exchange rate isn't favorable
- !The app pushes insurance and FD products with too many notifications and nudges
- !Customer support is slow to respond on investment-related queries — especially during market hours
- !Server crashes during volatile market sessions have caused users to miss exit opportunities
- !Removed TradingView charts in favor of their own inferior charting tool — downgrade for active traders
Learn INDmoney on YouTube
Hand-picked videos to help you get started — tutorials, demos, and reviews.
INDmoney App Use Kaise Kare | How To Use INDmoney App | Buy Sell Process
How to Use IndMoney App | How to Invest in IndMoney App | Brokerage Charges
INDmoney App Honest Review After Using 1 Year | Use Experience Review
INDmoney App Review 2025 | Safe Hai Ya Risky | Invest Karna Chahiye?
Indian Alternative To
INDmoney is a powerful Indian alternative to these international apps:
Is INDmoney an alternative to Wealthfront?
Yes, INDmoney by Finzoom Investment Advisors Private Limited is an Indian alternative to Wealthfront. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Wealthfront →
Is INDmoney an alternative to Personal Capital?
Yes, INDmoney by Finzoom Investment Advisors Private Limited is an Indian alternative to Personal Capital. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Personal Capital →
Is INDmoney an alternative to Robinhood?
Yes, INDmoney by Finzoom Investment Advisors Private Limited is an Indian alternative to Robinhood. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Robinhood →
Is INDmoney an alternative to Mint?
Yes, INDmoney by Finzoom Investment Advisors Private Limited is an Indian alternative to Mint. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Mint →
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