8 Best Mutual Fund Apps for Parking Money Safely in 2026

Parking money isn’t about chasing the highest returns.
It’s about safety, liquidity, and access, with returns that beat idle bank savings.

If you’re holding surplus cash, building an emergency fund, or just figuring out where money should wait before being spent, liquid mutual funds are often a smarter option than letting it sit at 2.5% in a savings account.

In this guide, we compare the 8 best mutual fund apps in India for parking money safely in 2026, based on:

• Safety & SEBI regulation

• Instant or near-instant redemption

• Ease of use

• Zero or low commissions

• Suitability for short-term money

TL;DR

If you want a quick answer:

• Best overall for spending + parking money: Multipl

• Best traditional direct MF platform: Groww, Zerodha Coin

• Best AMC-backed option: Paytm Money

• Best for simple emergency funds: Kuvera, ET Money

Now let’s break it down properly.

What Does “Parking Money” Actually Mean?

Parking money usually refers to:

• Emergency funds

• Money waiting to be spent (travel, gadgets, insurance, big purchases)

• Short-term surplus cash (days to months)

For this kind of money, the priority is:

1. Capital safety

2. Liquidity (easy withdrawal)

3. Better-than-savings-account returns

That’s where liquid mutual funds come in.

1. Multipl- Best for Parking + Spending Money

Multipl is built specifically for money that will be spent, not just saved.

Instead of treating liquid funds like another investment product, Multipl positions them as a Higher-Yield Spending Account.

Why Multipl stands out

• Money is invested in SEBI-regulated liquid mutual funds

• Earns up to ~7%, historically higher than bank savings

• Instant redemption for everyday spending

• Additional Brand discounts when you spend (travel, food, shopping)

• Designed for short-term money, not long lock-ins

Best for

• People who want their spending money to earn before being spent

• Users who don’t want to manually “invest & redeem” every time

2. Groww- Best Clean Interface for Direct Mutual Funds

Groww is one of the most popular direct mutual fund platforms in India.

Why it works

• Direct mutual funds (no commission)

• Simple UI

• Wide selection of liquid funds

• Easy SIP and lump-sum investing

Limitations

• Liquid funds are treated like investments, not spending money

• Redemption is fast, but not instant-use oriented

3. Zerodha Coin- Best for Experienced Investors

Zerodha Coin is built for investors who already understand mutual funds.

Pros

• Direct mutual funds only

• Strong AMC coverage

• Trusted ecosystem

Cons

• Not beginner-friendly

• No instant-access or spending layer

• Better for portfolio investing than parking money

4. Kuvera- Best for Emergency Funds

Kuvera focuses on goal-based investing and tax efficiency.

Pros

• Zero-commission direct funds

• Emergency fund tagging

• Clean MF discovery

Cons

• Redemption timelines depend on AMC

• No spending use case

5. Paytm Money- Best AMC-backed Trust

Paytm Money benefits from brand familiarity and regulatory structure.

Pros

• Direct mutual funds

• Good liquid fund selection

• SEBI-compliant

Cons

• App experience can feel cluttered

• Not purpose-built for short-term spending money

6. ET Money- Best Educational Platform

ET Money combines content with investing.

Pros

• Good for beginners

• Clear explanations

• Direct MF access

Cons

• Not optimized for fast redemption use cases

• Better for learning than daily money management

7. INDmoney- Best Portfolio Tracking

INDmoney shines as a portfolio dashboard.

Pros

• Excellent tracking

• Direct MF access

• Good UI

Cons

• Liquid funds are secondary, not core

• Not focused on parking or spending money

8. Coin by Zerodha (Liquid Fund Discovery)

If your goal is simply to find top-performing liquid funds, Coin (and similar platforms) do the job.

Good for

• Comparing liquid fund performance

• AMC-level research

Not ideal for

• Frequent access

• Short-term spending use cases

Which App Should You Choose?

Final Thoughts

Most mutual fund apps are built for long-term investing.
But parking money is a different problem.

If your money is going to be spent anyway, the real question is:

Should it sit idle at 2.5%… or earn more while staying liquid?

That’s the gap newer platforms like Multipl are solving, without turning everyday money into a complicated investment decision.

Upgrade where your short-term money waits.Explore a smarter way to park and spend money.