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Top 5 Personal Financial Planning Apps in India

10/23/2025

Have you ever found yourself staring at your bank statement, utterly bewildered about where all your hard-earned cash has vanished? The endless cycle of earning and spending, without any tangible progress towards your financial goals, can be incredibly frustrating.

Countless people find themselves financially trapped, struggling to make sense of their money trail. Fortunately, there are effective tools available to solve this puzzle and take back control over your finances. If you are someone looking to take charge of your finances, here are the top 5 financial planning apps in India:

1 Finance: Financial Advisory

1 Finance is an app where you can connect with a financial planner and receive advice on almost every aspect of your financial well-being based on your financial personality.

1 Finance is an A-Z financial planning solution that goes beyond mere investment advice. They offer a wide range of services, from tax planning and filing (filing ITR, making a tax plan, etc.) to the creation of wills, ensuring your financial affairs are in order at every stage.

One thing that should be noted is that 1 Finance is a purely advice-offering company; they don’t sell any products at all. This means that they earn no commission on the advice their financial planners offer. This is what makes them unbiased and fully aligned with your needs, as there is no scope for hidden interests.

Here Financial planners take a deep dive into your existing investments and insurance to optimise your portfolio and help you save commission on them.

But the distinct feature of 1 Finance is their patented MoneySign® technology which asks simple yet profound questions about your emotional and behavioural tendencies towards money, allowing for truly personalised financial planning based on your relationship with money.

Pros:

  • Comprehensive Financial Planning: 1 Finance claims to offer a holistic approach to financial management, encompassing budgeting, investment advisory, and financial goal setting. This all-in-one feature saves time and simplifies managing finances from a single platform.
  • Zero-Commission Guarantee: 1 Finance allegedly guarantees no commissions are charged on investment products, potentially saving users money compared to traditional investment options.
  • SEBI and RIA Compliance: Claiming compliance with regulatory bodies like SEBI (Securities and Exchange Board of India) and RIA (Registered Investment Advisor) can give users a sense of security and trust regarding their financial information and transactions.
  • Psychologically based: Uses a patented scientific assessment called MoneySign® to identify your personality type and tailor recommendations to your needs.

Cons

  • Potential Learning Curve: The app’s interface and features might require a learning curve for users new to financial management or unfamiliar with the platform.
  • Harder to book a slot: Booking slots may become more challenging due to high demand.

MoneyControl

Moneycontrol is a financial app that provides users with a range of features for personal finance and investment management. It offers real-time market data, allowing users to track stock prices and create personalised watchlists. The app also provides access to financial news coverage, keeping users informed about market trends and developments.

Moneycontrol aims to enhance financial literacy by providing educational resources and expert insights, helping users enhance their financial knowledge. The portfolio tracking feature enables users to monitor their investments, although there may be occasional delays in data updates.

Overall, Moneycontrol offers a comprehensive set of features designed to cater to the needs of active traders, investors, and individuals seeking to stay informed about financial markets. The app provides a user-friendly interface and a range of tools for personal finance and investment management.

Pros:

  • Informative platform: Offers a wide range of features including stock market news, analysis, research reports, investment ideas, personal finance tools, and more, making it a one-stop shop for financial information.
  • Expert opinions: Features insights and analysis from financial experts and analysts, providing valuable perspectives on the market.
  • Investment tools: Provides tools like stock screeners, portfolio trackers, and calculators to assist with investment decision-making.

Cons:

  • Limited free features: Some advanced features, such as real-time stock quotes, research reports, and certain investment tools, require a paid subscription.
  • Potential for information overload: The vast amount of information available can be overwhelming for some users, especially beginners.
  • Potential for bias: While they attempt to be neutral, some content might inadvertently reflect certain biases, requiring critical evaluation by users.
  • Not a substitute for professional financial advice: The information and tools offered should not be solely relied upon for investment decisions. Consulting with a qualified financial advisor is recommended for personalised advice.

ET Money

ET Money simplifies personal finance by offering a comprehensive platform. Track expenses, investments (stocks & mutual funds), and insurance plans in one place for a holistic view of your financial health. The user-friendly interface makes navigating easy, while SIP tools, goal setting, and insightful reports empower you to take control of your financial future. However, occasional technical glitches and a learning curve for advanced features are factors to consider before choosing ET Money.

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Pros:

  • Comprehensive solution: Tracks expenses, investments (stocks and mutual funds), and insurance plans in one place, offering a holistic view of your finances.
  • User-friendly interface: Clean and intuitive design makes navigating easy for users of all experience levels.
  • Investment planning tools: Provides SIP (Systematic Investment Planning) tools and goal-setting features to automate investments and track progress towards financial goals.
  • Valuable insights: Generates reports and analyses spending habits, helping users understand their financial situation and make informed decisions.

Cons:

  • Occasional technical glitches: Users may experience occasional app slowdowns or glitches.
  • Learning curve for advanced features: Some advanced features, especially those related to investments, might require additional time and effort to fully understand.
  • Not a substitute for professional advice: While ET Money offers valuable tools, it doesn’t replace personalised guidance from a qualified financial advisor for complex financial planning needs.

Wallet by BudgetBakers:

Wallet by BudgetBakers goes beyond basic budgeting, offering an intelligent and user-friendly platform for complete financial management. This app leverages AI-driven categorization and analytics to automatically categorise your spending, allowing you to gain valuable insights into your financial habits. Additionally, Wallet connects seamlessly with over 15,000 banks and financial institutions, providing a unified view of your finances from various sources. This all-in-one solution empowers you to set realistic goals, track progress, and make informed financial decisions. However, keep in mind that Wallet primarily focuses on self-management and doesn’t offer personalised financial advice from professionals like some other apps.

Pros and Cons

Pros:

  • AI-powered features: Automatic spending categorization and insightful analytics help you understand your financial habits.
  • Financial consolidation: Connects with over 15,000 banks and financial institutions for a unified view of your finances.
  • Goal setting and tracking: Helps you set realistic financial goals and track progress towards achieving them.
  • User-friendly interface: Easy to navigate and manage your finances effectively.

Cons:

  • No personalised advice: Doesn’t offer personalised financial guidance from professionals.
  • Focus on self-management: May not be ideal for those seeking professional financial planning assistance.
  • Potentially limited investment options: May not provide a diverse range of investment options compared to other platforms.

Monefy: Simplifying Expense Tracking and Saving Money

Monefy prioritises ease and efficiency in personal finance management. This app allows you to quickly add your expenses with just a few taps, making it ideal for individuals who prefer a simple and fuss-free approach to tracking their spending. The intuitive interface categorises your expenses automatically, providing a clear overview of your spending patterns. Monefy also facilitates setting budgets, allowing you to compare your income with your expenses and identify potential areas for saving. This budget-conscious app even offers features like recurring expense tracking and password protection, ensuring secure and organised financial records. However, Monefy primarily focuses on expense tracking and lacks features like investment tracking, goal setting beyond budgeting, and personalised financial advice, which might be limitations for some users.

Pros and Cons

Pros:

  • Simple and user-friendly: Easy to add expenses and track spending patterns.
  • Automatic expense categorization: Saves time and simplifies tracking.
  • Budgeting features: Helps you manage your income and expenses effectively.
  • Secure and reliable: Offers features like recurring expense tracking and password protection.

Cons:

  • Limited features: Primarily focused on expense tracking, lacks functionalities like investment tracking and goal setting beyond budgeting.
  • No personalised advice: Doesn’t offer guidance from financial professionals.
  • Limited platform availability: Currently offered as a mobile application, no web version available

Walnut: Your AI-Powered Finance Companion (Now Axio)

Walnut, now part of Axio, offers an AI-powered approach to personal finance. It simplifies expense tracking, automates bill payments, and provides investment options (limited) and financial insights. However, it has a smaller investment selection, lacks personalised financial advice, and is now integrated within the Axio app, requiring potential adjustments from previous users. Overall, Axio (formerly Walnut) can be a convenient tool for managing everyday finances, but conduct your own research and consider seeking professional financial guidance for complex situations.

  • AI-powered expense tracking: Automatic analysis of SMS data simplifies expense categorization and provides valuable insights into spending habits.
  • Convenient bill management: Automate bill payments and receive reminders to avoid late fees and ensure timely payments.
  • Financial insights: Gain valuable insights and reports on your financial health, enabling you to make informed financial decisions.

However, it’s important to consider:

  • Limited investment options: Compared to some platforms, Walnut may offer a more limited selection of investment options.
  • Focus on individual management: While Walnut/Axio offers valuable features, it primarily focuses on self-management and doesn’t offer personalised financial advice from professionals.