Spenrol vs ET Money: daily spending or investing?
ET Money is an investment app: mutual funds, term insurance, tax filing. It tracks expenses too, but that isn't why people install it. Spenrol only does spending: a monthly budget, a tag on every spend, and a view of which ones were impulse. They cover different parts of your money, so the question is which one you're missing.
ET Money · logged from your bank SMS
A record of what you paid.
Spenrol · from your payment screenshot
Zomato
Food · Google Pay · 3 Sep
The record, plus why you paid, against this month’s budget.
The short version
If your problem is "I'm not investing enough", ET Money is built for that, with direct mutual funds, zero commission and SIP management. If it's "I don't know where my salary goes between the 1st and the 25th", that's what Spenrol is for. Plenty of people could use both. One note: 360 ONE (formerly IIFL Wealth) bought ET Money in June 2024 for ₹366 crore. It still runs under the ET Money name with the same core features.
Feature comparison
| Category | ET Money | Spenrol |
|---|---|---|
| Primary purpose | Mutual fund investing | Monthly budget |
| Expense tracking | SMS auto-read (secondary) | Screenshot or manual, intent-tagged |
| Intent tags (required/optional/impulsive) | — | |
| SMS access | Required | Not needed |
| Mutual fund / SIP tracking | — | |
| Insurance products | — | |
| Smart Spending Score | — | |
| Pricing | Free (direct plans) | Free |
| Ideal for | Managing investments and insurance | Keeping daily UPI spending on budget |
When ET Money is the better choice
Your goal is investing.
ET Money offers direct mutual funds with zero commission, automated SIPs and a portfolio tracker. If growing your savings is the priority, use ET Money.
You want insurance and tax filing in one app.
ET Money also compares term insurance and files your ITR. If you want all three in one place, that saves time.
You want spends captured automatically.
ET Money reads your SMS to pull in transactions. If you won't log spends yourself, even from a screenshot, its tracking will cover the basics.
When Spenrol is the better choice
Your SIP keeps losing to your spending.
Usually the SIP target isn't missed because of fund choice. It's missed because ₹4,000 went on food delivery and “just this once” Amazon orders. Spenrol is for finding and cutting that; ET Money is for investing what’s left.
You want to see which spends were impulse.
ET Money sorts transactions into categories. Spenrol also asks whether each one was required, optional or impulsive, and turns those tags into a monthly Smart Spending Score.
You don’t want to grant SMS access.
ET Money's expense tracking needs SMS permission. Spenrol doesn't: you share a payment screenshot or type the spend in, and your data is never sold or shared.
Try it alongside your investing app
Free on Android, no subscription. No SMS access, no card required.
Common questions
Something else? Write to [email protected]
Does ET Money have expense tracking?
Yes, it reads your SMS to track spending, but that's a side feature. ET Money is mainly for direct mutual funds, term insurance and tax filing. If budgeting is the main thing you need, it isn't what the app is built around.
Does Spenrol help with investments?
No. Spenrol covers your monthly budget and day-to-day spending. It has no mutual funds, SIPs or insurance, though you can make SIPs a category in your budget.
Can I use ET Money and Spenrol together?
Yes, and it’s a reasonable combination. ET Money for your SIPs, insurance and portfolio. Spenrol for the daily UPI spending that decides how much is left to invest.
Is Spenrol free?
Yes. No ads and no paid tier.
- downloads
- 200+
- expenses logged
- 1,500+
- of spending tracked
- ₹9.5L+
“Being able to classify expenses as Required, Optional, or Impulsive makes it easier for me to understand my spending habits. It also makes me think twice before spending on something impulsively.”
Find the money your SIP is missing
Set a monthly budget, tag your UPI spends, and see how much went on impulse. Free on Android.
Scan to download on your phone