Best Mutual Fund Apps for Investors in 2025 [Ranked & Reviewed]

As mutual fund investing becomes more accessible and affordable in 2025, choosing the right investment app is one of the most important decisions you can make as an investor. Whether you’re just starting your financial journey or actively managing a retirement portfolio, the right app can help you minimize fees, diversify your holdings, and optimize long-term returns.

In this comprehensive guide, we’ll walk through the best mutual fund apps for 2025, ranked and reviewed based on cost, fund access, features, user experience, and customer service. We’ve also included expert opinions, recent statistics, and side-by-side comparisons to help you choose the perfect investing platform for your goals.

Why Mutual Fund Apps Are Essential for Investors in 2025

The traditional days of investing in mutual funds through brick-and-mortar financial advisors are quickly being replaced by mobile-first platforms and digital brokerages. According to the Investment Company Institute, more than 58 million U.S. households owned mutual funds by 2023, with mobile investing playing an increasingly central role.

By 2025, mutual fund apps are more powerful than ever. Key features often include:

• Access to thousands of mutual funds and ETFs, including no-load and no-transaction-fee options

• Low or zero commissions

• Automated investing tools (such as recurring contributions and rebalancing)

• Tax optimization features

• Retirement account support (IRA, Roth IRA, 401(k) rollovers)

• Real-time tracking and performance data

If you're investing in mutual funds in 2025, there’s no reason to settle for a clunky, fee-heavy platform. The best apps are not only easy to use but also loaded with powerful features.

The Top 7 Mutual Fund Apps for 2025

Here’s our list of the best mutual fund apps for 2025 based on functionality, fees, fund availability, and investor experience.

1. Fidelity Mobile – Best Overall Mutual Fund App

Fidelity remains one of the most respected names in investing, and its mobile app continues to impress with an intuitive interface, powerful tools, and access to over 10,000 mutual funds—including many that are commission-free.

Why We Like It:

• Offers a wide selection of no-transaction-fee funds

• Supports fractional shares and automatic reinvestment

• Fidelity Go robo-advisor available for hands-off investing

• No account minimums for most accounts

Expert Insight:
"Fidelity’s in-house mutual funds consistently offer low expense ratios, making them ideal for cost-conscious investors," says Ryan Frailich, CFP®.

Ideal For: Beginner to advanced investors who want robust tools, low costs, and account flexibility.

2. Schwab Mobile – Best for Commission-Free Mutual Funds

Charles Schwab’s mobile app gives investors access to over 7,000 mutual funds, including those in the Schwab Mutual Fund OneSource list, which features funds with no transaction fees or loads.

Why We Like It:

• No commissions on Schwab funds and many third-party funds

• Strong customer support and education tools

• Schwab Intelligent Portfolios offers robo-advisor integration

• Low $1 minimum for many accounts

Ideal For: Investors who want access to mutual funds with no trading fees and excellent educational resources.

3. Vanguard App – Best for Low-Cost Index Funds

Vanguard has long been a favorite among index fund investors and long-term retirement savers. The mobile app has improved significantly in recent years, making it easier to manage investments on the go.

Why We Like It:

• Leading provider of low-cost index mutual funds

• Average mutual fund expense ratio is 0.09% compared to the industry average of 0.44%

• Offers powerful retirement planning tools

• Excellent long-term performance history

Things to Note:
Some Vanguard funds still have relatively high minimums, ranging from $1,000 to $3,000.

Ideal For: Long-term investors who prioritize low costs and want access to top-tier index funds.

4. M1 Finance – Best for Automated, Hands-Off Investing

M1 Finance combines the flexibility of self-directed investing with the convenience of automation. While primarily ETF-focused, M1 allows users to build personalized “Pies” that act like custom mutual fund portfolios.

Why We Like It:

• Fractional shares and automated rebalancing

• No fees for basic accounts

• Ideal for long-term, buy-and-hold strategies

• Can mimic mutual fund behavior with ETF-based pies

Caution:
M1 does not support traditional mutual funds—only ETFs. However, you can build diversified portfolios that work like mutual funds.

Ideal For: Passive investors who want a personalized, automated experience.

5. SoFi Invest – Best for Beginners

SoFi Invest is designed to be simple and intuitive, making it a great option for new investors. It offers access to both SoFi-branded and third-party funds, with no commissions, low minimums, and beginner-friendly tools.

Why We Like It:

• No account minimums for active investing

• Commission-free trades on SoFi mutual funds and ETFs

• Access to free financial planning sessions

• Fractional share investing available

Expert Commentary:
"SoFi is especially well-suited for younger investors who are just starting out," says Morningstar analyst Rachel Fox. "Its zero-fee structure and financial literacy tools make it a standout."

Ideal For: New investors who want a simple, user-friendly introduction to mutual fund investing.

6. Betterment – Best for Passive, Goal-Based Investing

Betterment offers goal-based investing through diversified portfolios of low-cost ETFs. Although it doesn’t use mutual funds in the traditional sense, its functionality mimics a managed mutual fund experience—complete with automated rebalancing and tax optimization.

Why We Like It:

• Tax-loss harvesting and automatic rebalancing

• Retirement goal tracking and calculators

• 0.25% annual fee for digital plan

• Human advisors available with Premium plan

Ideal For: Investors who prefer a passive approach and want professional portfolio management.

7. E*TRADE – Best for Active Mutual Fund Traders

E*TRADE gives users access to more than 8,000 mutual funds, including over 4,500 no-transaction-fee options. With strong research capabilities and powerful screeners, it’s ideal for investors who like to dig into performance data.

Why We Like It:

• Advanced mutual fund screening tools

• Excellent platform for both funds and individual stocks

• Offers extensive fund research and analyst insights

Things to Note:
Minimum investments can be higher ($500 or more), and the platform is more suited for intermediate to advanced investors.

Ideal For: Active traders and investors who want in-depth fund analytics.

Mutual Fund App Comparison Table

What to Look for in a Mutual Fund App

When choosing the best mutual fund app for your needs, keep the following criteria in mind:

Fund Selection

Look for an app that offers a wide range of mutual funds, including access to index funds, actively managed funds, ESG funds, and target-date funds.

Fees and Costs

Pay attention to:

• Transaction fees (many apps offer $0 commissions)

• Fund expense ratios

• Annual advisory fees (if using a robo-advisor)

Automation and Rebalancing

Automation features such as recurring investments, dividend reinvestment, and portfolio rebalancing can help keep your investments aligned with your goals.

Account Types

The best apps should support multiple account types, including:

• Taxable brokerage accounts

• Traditional and Roth IRAs

• SEP IRAs

• 529 college savings plans (optional but helpful)

Mobile User Experience

Top apps offer intuitive interfaces, fast load times, customizable dashboards, and instant access to real-time performance data.

Safety and Regulation

Stick with apps that are registered with the SEC and FINRA, and ensure that SIPC insurance covers your accounts. Use features like:

• Two-factor authentication

• Biometric login

• Real-time transaction alerts

Frequently Asked Questions

Can I invest in mutual funds without paying commissions?

Yes. Many platforms now offer access to no-load, no-transaction-fee mutual funds, especially their in-house options. Fidelity, Schwab, and Vanguard all lead in this area.

Do I need a large amount of money to get started?

Not anymore. Many apps allow you to start investing with as little as $1 to $100. Vanguard still requires higher minimums for some funds, but other platforms like SoFi, M1 Finance, and Fidelity have no or low minimums.

Are mutual fund apps safe?

Yes, provided they are regulated and insured. Look for apps that are registered with FINRA, regulated by the SEC, and offer SIPC protection for up to $500,000 in assets.

Which app is best for retirement investing?

Fidelity and Vanguard are the strongest options for retirement-focused investors due to their wide selection of low-cost index funds and retirement planning tools.

Final Thoughts

Choosing the right mutual fund app in 2025 can make a big difference in how efficiently and effectively you build your portfolio. If you value a strong all-around experience, Fidelity Mobile remains the top choice. For those seeking automation and ease, M1 Finance and Betterment are outstanding options. Meanwhile, Schwab and Vanguard offer deep fund selections with low costs for long-term investors.

Evaluate your goals, investing style, and budget—then choose the app that aligns with your financial journey.