This Article was fact checked and last updated for accuracy on November 12, 2025 by Mani Karthik
Back in 2015, I was juggling five different apps to manage my US finances.
One for stocks. Another for mutual funds. A third for expense tracking. Don’t even get me started on the mess that was tax season.
When I moved back to India in 2017, I thought the problem would disappear. Wrong. Indian fintech was even more fragmented.
Enter INDmoney. The app that promises to be your “Super Finance App” for everything money related.
After using it for six months, here’s my honest take.
What Is INDmoney?
INDmoney is the brainchild of Ashish Kashyap, who previously founded ibibo (remember Goibibo and redBus?) and served as Google India’s country head.
The app launched in 2019 with a simple promise: manage all your finances in one place.
Indian stocks, US stocks, mutual funds, fixed deposits, insurance, loans, expense tracking. Everything under one roof.
💡 Tip: INDmoney operates under Finzoom Investment Advisors, which is SEBI registered and regulated.
The team raised significant funding and built what they call a “Super Finance App” targeting both residents and NRIs.
I was skeptical. Super apps usually do everything poorly instead of doing one thing brilliantly.
But INDmoney surprised me.
The Core Features That Actually Work
US Stock Investing This is where INDmoney shines brightest. You can invest in 9,000+ US stocks starting with just ₹100.
No platform fees. No withdrawal charges. Fractional shares available.
When I was testing it, buying Apple stock took less than 30 seconds. The interface is clean and the execution is smooth.
Portfolio Tracking The app automatically syncs with your existing demat accounts from Zerodha, Groww, or Upstox.
Your entire portfolio appears in one dashboard. Indian stocks, US stocks, mutual funds, even EPF and NPS.
This is genuinely useful. No more switching between five different apps to check your net worth.
Zero Commission Mutual Funds INDmoney offers direct plan mutual funds with zero commission. You can set up SIPs via UPI AutoPay.
The selection covers 1,600+ funds. Interface is intuitive. Fund switching is seamless.
INDmoney vs Competitors: The Numbers
| Feature | INDmoney | Zerodha | Groww |
|---|---|---|---|
| Indian Stock Brokerage | ₹20 flat | ₹20 flat | ₹20 flat |
| US Stock Brokerage | 0.25% (max $25) | Not available | Not available |
| Account Opening | Free | Free | Free |
| Mutual Fund Commission | Zero | Zero | Zero |
| Portfolio Tracking | Multi-platform sync | Own platform only | Own platform only |
| Expense Management | Built-in | Not available | Not available |
| InstaCash Loans | Up to ₹5 lakhs | Not available | Not available |
The multi platform sync feature is INDmoney’s biggest differentiator. No other app does this as well.
📊 Reality Check: INDmoney processes over $50 million in monthly US stock transactions, making it one of the largest platforms for Indian investors buying American stocks.
What I Actually Like
Expense Tracking The app automatically categorizes your spending from linked bank accounts and credit cards.
Think Mint for India, but it actually works. Categories are smart. Insights are actionable.
Family Portfolio Management You can track multiple family member portfolios in one place. Perfect for managing both your and your spouse’s investments.
US Stock Experience Hands down the best US stock investing experience for Indian investors. Better than traditional brokers or other fintech apps.
InstaCash Feature Pre approved users get instant cash up to ₹5 lakhs in two minutes. Interest rates are competitive at 0.04% daily.
The Downsides Nobody Talks About
Performance Issues The app can be sluggish during market hours. I’ve experienced delays in order execution twice.
Too Many Features Sometimes it feels overwhelming. The interface tries to show everything, making navigation confusing for new users.
Customer Support Response times are slow. Email support takes 2-3 days. Phone support is limited.
Data Privacy The app collects extensive financial data. While they claim it’s secure, the privacy implications make me uncomfortable.
For a detailed comparison of investment platforms, check out my analysis of best trading platforms in India.
The Real Test: My Personal Experience
I moved ₹2 lakhs through INDmoney over six months.
₹50,000 in US stocks (Apple, Microsoft, Tesla). ₹1 lakh in Indian equity mutual funds. ₹50,000 tracked from my existing Zerodha account.
What worked: US stock buying was seamless. Portfolio tracking saved me time. Expense categorization was accurate.
What didn’t: App crashed twice during volatile market days. Customer support was unresponsive when I had a withdrawal query.
The good outweighs the bad, but barely.
🧠 My Take: INDmoney works well for diversified investing, but I wouldn’t trust it as my primary trading platform yet.
Who Should Use INDmoney?
Perfect For:
- NRIs wanting US stock exposure
- Investors using multiple platforms who need consolidated tracking
- Beginners who want everything in one app
- People serious about expense tracking
Avoid If:
- You’re a day trader needing reliable execution
- You prefer single purpose apps that do one thing perfectly
- Data privacy is your top concern
For NRIs specifically, also read my guide on best investment options in India and mutual fund strategies for NRIs.
My Bottom Line
INDmoney solves real problems for Indian investors. The US stock investing feature alone makes it worth downloading.
But it’s not perfect. The app tries to do too much and sometimes suffers for it.
I use it for US stocks and portfolio tracking. For serious Indian stock trading, I still prefer Zerodha or Upstox.
If you’re an NRI wanting exposure to both Indian and US markets, INDmoney is currently your best option.
Just don’t expect perfection. Expect utility.
TL;DR: INDmoney Review
✅ What Works
- Excellent US stock investing platform
- Multi platform portfolio tracking
- Zero commission mutual funds
- Built in expense management
- Family portfolio features
❌ What Doesn’t
- App performance issues during peak hours
- Overwhelming interface for beginners
- Slow customer support response
- Data privacy concerns
⚖️ Verdict
Good for diversified investing and portfolio tracking. Not ideal as primary trading platform. Best in class for US stock investing from India.
Download if: You want consolidated financial management
Skip if: You prefer specialized single purpose apps
Sources: INDmoney Official Website, TechNFinance Review, The Finance Point Analysis, Chittorgarh Stockbroker Review