Indmoney
Depends
Confidence: Medium
Reasonable pick for Indian retail investors who want one app for Indian stocks, US stocks, and mutual funds.
New check
Comparison
Indmoney vs Etmoney
Indmoney and Etmoney both land on Depends.
Etmoney
Depends
Confidence: Medium
Good fit for Indian DIY investors who want free, direct-plan mutual fund investing in one app.
| Compare | Indmoney | Etmoney |
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Indian residents investing in US stocks | Indian DIY mutual fund investors |
| Who it's not for | US-based investors . the product targets investing from India | Investors averse to upsells and dark-pattern nudges |
| Privacy | Reported breach of 26.3k accounts and active impersonation scams; company publishes security guidance and invests in centralized security tooling.⁶ | Claims bank-level security and in-app security features; no known public vulnerabilities found in the sources reviewed. |
| Support quality | Complaint monitors and bad-experience forum threads | Users report very bad customer support |
| Public sentiment | Opinion is split: some long-time users trust it for US stocks and mutual funds, while a loud set of Reddit and forum threads report bad experiences, service complaints, and safety doubts. | Mixed and trending negative: long-time users like the free core but increasingly complain about dark patterns, Genius upsells, and support.15 |
| Biggest gotcha | 26.3k accounts appear in a reported breach catalog . use a unique password and monitor statements⁶ | One user's SIP recommendations grew to 24 funds . audit your portfolio before following suggestions.16 |
Pick Indmoney when
- Indian residents investing in US stocks
- Direct-plan mutual fund investors
- Net-worth tracking across accounts
- Mobile-first retail investors
When Indmoney is not a fit
- US-based investors . the product targets investing from India
- Anyone parking large sums (₹25L+) until breach and complaint concerns settle
- Active traders needing IBKR-grade global tools
- Anyone unwilling to carefully verify the real app against scam clones
Pick Etmoney when
- Indian DIY mutual fund investors
- SIP beginners wanting zero-commission direct plans
- Mobile-first investors tracking MFs and stocks
When Etmoney is not a fit
- 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
Sources
- Never use INDmoney💩, NEVER!! . Redditreddit.comreview
- IndMoney - Bad Experience . ValuePickrforum.valuepickr.comreview
- INDmoney Trustpilot reviewstrustpilot.comreview
- INDmoney App Store reviewsapps.apple.comreview
- INDmoney Google Play listingplay.google.comofficial
- indmoney.com breach catalog . Lunarlunarcyber.comsecurity
news
- INDmoney security operations with JumpCloudjumpcloud.comsecurity
- INDmoney pricing pageindmoney.comofficial
- INDmoney complaints monitor . Chittorgarhchittorgarh.comreview
- INDmoney company profile . Crunchbasecrunchbase.comnews
review
- ET MONEY Reviews - Trustpilottrustpilot.comreview
- ET Money App - App Store ratingsapps.apple.comreview