How-to ET Money direct plan MF platform

How to open an ET Money mutual fund account

From WebNotes, a public knowledge base. Last updated 19 May 2026. Reading time ~5 min.

Procedure

Download ET Money app or open webApp on Android and iOS, web at etmoney.com. The app is the primary surface.
Sign up with mobile and OTPEnter mobile, verify OTP, set a password.
Enter PAN and complete KYCPAN validates against IT database. If KYC done at any KRA, fetched automatically. Else, do Aadhaar OTP eKYC or video KYC.
Add personal details and nomineeDate of birth, occupation, income range, FATCA tax residency. Add at least one nominee.
Link bank with Penny DropEnter account number and IFSC. Verified via Re 1 Penny Drop.
Register UPI Auto-Pay or NACH mandateUPI Auto-Pay through in-app OTP, or NACH eMandate (5 working days).
Browse and investET Money lists direct plans. Filter by category, returns, risk. Place lump-sum or SIP.
Activate expense tracker (optional)ET Money’s expense tracker reads SMS to categorise expenses (with permission). Useful for budgeting alongside investing.

ET Money is a multi-feature direct-plan MF platform with an integrated expense tracker, SmartDeposit (liquid fund alternative to bank savings), and goal-based portfolio recommendations. Like Groww and Kuvera, ET Money is a SEBI-registered direct-plan distributor; units are held in SoA form at the AMC.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with ET Money or Times Internet. No affiliate commission is earned from account opening or transactions.

Step-by-step procedure

See the procedure infobox above.

What’s distinctive about ET Money

Expense tracker: SMS-based auto-categorisation of bank transactions; budget tracking.
SmartDeposit: A liquid fund product positioned as a high-yield bank-savings alternative.
Goal-based investing: Pre-built portfolios for retirement, child education, emergency, home purchase.
Spectrum: Health insurance, term insurance, NPS aggregation alongside MFs.

ET Money is part of Times Internet and integrates editorial content from Economic Times brand familiarity.

Coverage

All SEBI-registered AMCs distributing via direct-plan channel. Standard coverage matching Groww, Kuvera, Coin.

Cost structure

Service	Cost
Account opening	Free
MF transactions	Free (direct plans)
Premium subscription (optional)	Not commonly required for retail
SmartDeposit	Standard liquid fund TER
NPS	Standard NPS account opening charges

External references

References

SEBI (Mutual Funds) Regulations, 1996.
SEBI Master Circular for Mutual Funds.
AMFI Best Practice Guidelines on direct plan platforms.
ET Money product documentation.

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed: 19 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.

Time required	15-20 minutes if KYC already done
Cost	Free (no platform fee)
Plan type	Direct plans
Distinguishing feature	Expense tracker, SmartDeposit liquid fund integration