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Factors determining the cost of
developing a mutual fund investment application

Factors determining the cost of developing a mutual fund investment application

Posted on 24 Oct, 2023 4 min read

Mutual Fund Investment Platform


Mutual funds have become increasingly popular, and investors are always looking for more accessible ways to invest their money. It has become increasingly popular among people looking for long-term wealth-creation opportunities. With the advent of technology, mutual fund investments have become more accessible.

What is a mutual fund app?

A mutual fund app is a web or mobile application that allows investors to manage their mutual fund investments and monitor their portfolios. It is an investment vehicle that pools money from multiple investors to invest in mutual funds provided by AMCs through SIP, Lumpsum, Switch, STP, and SWP methods. The mutual fund app makes it easy for investors to buy and sell mutual fund shares, view performance reports, track their investments, and receive updates on market news.

Mutual fund apps have emerged as a convenient tool for investors to manage their investments on the go. It provides investors with a convenient and hassle-free way to invest in mutual funds. They offer a range of features, such as easy tracking of investments, seamless transactions, personalized investment advice, risk assessment tools, portfolio analysis, and goal-setting options. Some apps may also offer features such as automatic investment options, tax planning tools, and access to financial advisors. But have you ever wondered about the cost of developing such an app?

Let us delve into the factors that influence the cost of developing a mutual fund app, giving you a comprehensive understanding of what goes into creating a seamless, secure, and user-friendly mutual fund investment platform.

Factors influencing the cost of developing a mutual fund app

1. Features

The cost of building a mutual fund app largely depends on the features you want to include. A basic mutual fund app should have the following features:

  • Account creation
  • KYC/non-KYC flow and its management
  • Explore the AMC & Fund
  • Invest in funds using SIP/Lumpsum
  • SIP management and withdrawal
  • Security and data protection
  • Fund performance and analysis

Additional features such as personalized investment portfolios, financial news, investment recommendations, analysis, and tax reporting will increase the cost of building the app.

2. Complexity

The complexity of the mutual fund app is another factor that will impact the cost. The more complex the app is, the longer it will take to develop and the more it will cost. The app's complexity can be influenced by the following:

  • Investment strategies: The app may use different investment strategies such as value investing, growth investing, index investing, and many more.
  • Customizable portfolios: Users can personalize their portfolios according to their investment life goals and preferences.
  • Artificial Intelligence (AI): The app may incorporate AI technology to provide investment suggestions or identify trends and patterns in the market.
  • User experience (UX) and user interface (UI): A well-designed, user-friendly UX/UI can increase costs and improve the app's usability and user engagement.

3. Technology stack

The technology stack is the set of technologies and frameworks used to build the app. The choice of technology stack will depend on the app's requirements and impact the development cost. Some popular technology stacks for building mutual fund apps include

  • Native app development: To develop a mutual fund app, choose programming languages and frameworks for iOS and Android development. Use Swift and UIKit for iOS and Kotlin or Java and Android Jetpack for Android. Add third-party libraries like Alamofire and payment gateways like PayPal or Stripe. Develop the backend in Node.js, PHP, or Python, and use cloud-based backends like AWS, GCP, or Azure. Use Core Data, SQLite, or Realm for iOS and SQLite or Realm for Android.
  • App development using React Native/Flutter: There are several options to consider when developing a mutual fund app with hybrid app development. Frameworks like React Native, Ionic, or Flutter can be used, as well as backend development technologies like Node.js, Django, or Ruby on Rails. Cloud services like AWS, Microsoft Azure, or Google Cloud can be used for hosting, and payment gateways like PayPal, Stripe, or Braintree are necessary for transactions. The specific technological stack used will depend on the development team's requirements, budget, and expertise.
  • Backend development: To develop a mutual fund app, choose a programming language like Python, Java, or Node.js, a web framework like Django or Spring, and a database like MySQL or MongoDB. Host the app on AWS or Azure, and integrate third-party services with APIs like Stripe and Plaid. Use testing frameworks and deployment tools like pytest, JUnit, Docker, and Kubernetes. Factors like project requirements, team expertise, and budget will influence the technological stack choice.

4. Development team experience

The development team experience can impact the cost of building a mutual fund app. Development teams from other locations may charge more than the in-house or local teams. Sometimes it may be based on years of experience and knowledge of the tools or technologies.

5. Time

The time it takes to build the mutual fund app will impact the cost. The longer it takes to develop, the more it will cost. Time is influenced by the app's complexity, features, and technology stack.

6. Third-party integrations

Integrating third-party services, such as payment gateways or market data feeds, can add to the development cost.

7. Security

Mutual fund apps handle sensitive financial data; security is a top priority. Implementing robust security features can increase the app's cost.

8. Compliance

Mutual fund apps must comply with financial industry regulations. Ensuring compliance with regulations will add to the overall cost of app development.

9. Testing and maintenance

The app must be thoroughly tested to ensure its functionality and performance. Maintenance and updates will also be required, which will add to the overall cost.

Tips to keep your budget in check

  • Define your requirements upfront by identifying and prioritising the features based on their importance.
  • Select the right development team with experience developing mutual fund apps and a good track record of delivering projects within budget.
  • Build an MVP that includes only the essential features to test your app’s viability without incurring high costs.
  • Prioritize security to ensure your app complies with industry standards and regulations.
  • Test thoroughly to ensure it functions appropriately to reduce the cost of fixing them later.


Building a mutual fund app can be a significant investment, but it's essential to consider the factors that can impact the cost. It can be costly, but with careful planning and execution, you can keep your budget in check. Define your requirements upfront, choose the right development team, build an MVP, leverage existing solutions, prioritize security, and test thoroughly to develop a high-quality mutual fund app without breaking the bank.

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