shouldiuse.io

VERDICT

Should I use Etmoney?

Mutual Funds _ _ - etmoney.com

Depends. Good fit for Indian DIY investors who want free, direct-plan mutual fund investing in one app. Avoid if you're sensitive to upsell nudges — recent users report dark patterns, Genius subscription pressure, and weak support.

Confidence

Medium. Based on 20+ public sources; several review snippets were truncated, so individual quotes are short. Reddit sentiment skews negative in 2024-25 threads.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support quality
  • Security posture

Pricing

₹0

Free

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed
Free tierYes
GeniusPaid subscription (price not shown in sources)

Best for

  • Indian DIY mutual fund investors
  • SIP beginners wanting zero-commission direct plans
  • Mobile-first investors tracking MFs and stocks

Not for

  • Investors averse to upsells and dark-pattern nudges
  • Anyone who needs responsive customer support
  • Passive investors who don't want fund-count creep
  • Minimalists better served by plain trackers like Kuvera

Gotchas - check before you buy

high

One user's SIP recommendations grew to 24 funds — audit your portfolio before following suggestions.

medium

Core investing is free, but the app heavily pushes paid Genius subscription — verify you'd actually use it.

medium

Support complaints are common; escalation officers exist but responses reportedly disappoint.

medium

Reddit users claim feature changes now push users toward paid tiers; test the free tier first.

Pros and cons

Pros

  • No fees for investing or withdrawals
  • All-in-one: mutual funds, stocks, SIPs, insurance, NPS
  • 4.3/5 App Store rating
  • Supports NRI investing in Indian mutual funds
  • 4M+ users, backed by Times Group heritage

Cons

  • Users report dark patterns and aggressive upselling
  • Customer support widely criticized as bad
  • Genius subscription value repeatedly questioned
  • Some long-time users migrated to INDMoney

Sources & method

Analyzed 9/27/2026 - 12 sources - Claims bank-level security and in-app security features; no known vulnerabilities found in the sources reviewed.

official x2review x6security x1news x3

Key stats

  • Value for money: 4/5

    Rating

  • ₹0

    Starting price

  • 12

    Sources

  • Analyzed

  • Value for money: 4/5. Free core; Genius subscription is the monetization
  • Ease of use: 3/5. 4.3 app rating, but users cite dark patterns
  • Feature depth: 4/5. MFs, stocks, SIPs, NPS, loans in one app
  • Support quality: 2/5. Users report very bad customer support
  • Security posture: 3/5. Bank-level claims; no public breaches found
  • 4.3/5 App Store rating Apple App Store
  • 4M+ Users per Economic Times
  • 2016 Founded SmartSpends rebranded to ETMONEY
  • Free Core price no investing or withdrawal fees

Pricing

Free

₹0

  • Direct mutual fund investing
  • No investing or withdrawal charges

Genius

Paid subscription (price not shown in sources)

  • Personalized advisory features
  • Value debated by users

Security

Claims bank-level security and in-app security features; no known vulnerabilities found in the sources reviewed.

What users say

Mixed and trending negative: long-time users like the free core but increasingly complain about dark patterns, Genius upsells, and support.

“ET MONEY APP - The King of Dark Patterns”
Reddit, r/mutualfunds
“Using ET Money for SIPs has left me with 24 mutual funds!”
Reddit, r/mutualfunds
“I have moved to INDMoney”
Reddit, r/mutualfunds
Full analysis

Based on 20+ public sources; several review snippets were truncated, so individual quotes are short. Reddit sentiment skews negative in 2024-25 threads.

Free, legit direct-plan MF investing for Indian DIYers — but users report dark patterns, Genius upsells and weak support.

Methodology

Based on 20+ public sources; several review snippets were truncated, so individual quotes are short. Reddit sentiment skews negative in 2024-25 threads.

Sources

  1. review
  2. review
  3. review
  4. review
  5. review
  6. review
  7. official
  8. What is Genius?etmoney.com
    official
  9. security
  10. news
  11. news
  12. news

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