Written by the Pyllar team — April 2025
Pyllar app review — the honest version
We made Pyllar, so take this with appropriate salt. But we'll tell you what we do well, what we don't, and who Pyllar is actually right for.
Try Pyllar — FreeQuick verdict
Best for
Daily savers who want to build a gold habit from ₹21/day — without thinking about it.
Not ideal for
Active traders, lump-sum investors looking for SGBs, or those wanting physical gold delivery.
Regulation
AMFI-registered (ARN 341847). SEBI-regulated gold and silver mutual funds. Funds held with licensed AMCs.
What does Pyllar actually do?
In plain English — no jargon.
1. Set a daily SIP
You pick an amount — minimum ₹21/day — and choose gold, silver, or both. Every day, that amount is automatically invested in the corresponding mutual fund. You don't have to do anything after setup.
2. Your money goes into mutual funds
Not digital gold. Not physical gold. Not a wallet. Your SIP buys units of SEBI-regulated gold mutual funds (e.g., Aditya Birla Sun Life Gold Fund, Nippon India Gold Savings Fund). These are held in your name with the AMC.
3. Watch it accumulate
The app shows you your growing balance, the current gold/silver price, and total returns. You can pause, change amounts, or stop the SIP any time.
4. Withdraw when you want
No lock-in. Request a redemption and the money arrives in your bank account in 2–3 working days. The app handles the mutual fund redemption on your behalf.
Pyllar — honest pros and cons
What Pyllar does well
- ✓ 0% GST on every investment
- ✓ SEBI-regulated mutual funds — not digital gold
- ✓ Daily silver SIP — rare in India
- ✓ Start from ₹21/day — genuinely accessible
- ✓ No lock-in — withdraw any time
- ✓ Free to use — no app fees
- ✓ Funds held with licensed AMCs, not with Pyllar
- ✓ Simple UI — set up in minutes
What Pyllar doesn't do (yet)
- ✗ No equity mutual funds or stocks
- ✗ No physical gold delivery option
- ✗ No SGB (Sovereign Gold Bond) purchase
- ✗ Android only — no iOS app yet
- ✗ Not for lump-sum investors — optimised for daily SIPs
- ✗ Early stage — fewer features than established apps
Is Pyllar safe? How is your money protected?
The most common question — answered directly.
AMFI-registered distributor
Pyllar operates as an AMFI-registered mutual fund distributor (ARN 341847). This is the same regulatory framework that governs all mutual fund distribution in India. We are not a random app — we have a formal SEBI/AMFI registration.
Your money goes to licensed AMCs
When you invest through Pyllar, your money flows directly to Aditya Birla Sun Life AMC or Nippon India AMC — both are SEBI-licensed fund houses. Pyllar does not hold your money. Even if Pyllar shuts down, your mutual fund units remain with the AMC in your name.
SEBI-regulated mutual funds
The underlying investments are SEBI-regulated gold mutual funds — not digital gold, not crypto, not chit funds. SEBI regulation means the fund structure, custody, and reporting are all governed by India's securities regulator.
Registered company
Pyllar Fintech Private Limited is a registered Indian company (CIN: U66190KA2025PTC207252), incorporated in Bangalore. Not an anonymous app — a registered fintech with a physical address and formal regulatory filings.
Who is Pyllar right for?
Daily wage earners and salaried workers
If you earn daily or weekly and want to save a small amount in gold without maintaining a lump sum, Pyllar's ₹21/day daily SIP is designed for you. The daily debit model matches daily income rhythms.
First-time investors
If you've never invested before and gold feels familiar, Pyllar is a low-risk way to start. ₹21/day, no lock-in, simple UI, and SEBI-regulated — removing most of the barriers to starting.
Savings goal savers
Saving for a wedding, a child's education, or just building an emergency corpus in gold? The daily SIP automates the habit and the goal-tracking keeps you motivated.
Not right for you if...
You want to trade gold intraday (use a gold ETF via a broker). You want physical gold delivery (use physical jewellery or digital gold with delivery). You want SGBs (RBI tranches are currently paused anyway). You're on iOS (Android only for now).
Pyllar app — frequently asked questions
Yes. Pyllar is an AMFI-registered mutual fund distributor (ARN 341847). Your money goes into SEBI-regulated gold and silver mutual funds held with licensed AMCs (Aditya Birla Sun Life, Nippon India). Pyllar does not hold your money. The company is registered as Pyllar Fintech Private Limited (CIN: U66190KA2025PTC207252).
Yes — there is no app fee or subscription. Pyllar earns a distributor commission from the AMC, not from you. This is standard for AMFI-registered distributors. The AMC's expense ratio is reflected in the fund's NAV, exactly as it is for all mutual fund investors (whether through Pyllar or any other distributor).
The minimum daily SIP is ₹21/day for gold and ₹21/day for silver. You can invest in both simultaneously. There is no minimum lump-sum investment beyond the daily SIP amount.
Both allow daily gold savings. Pyllar uses gold mutual funds (0% GST, SEBI-regulated as mutual funds, AMFI ARN 341847). Jar primarily uses digital gold (3% GST). Pyllar also offers daily silver SIP; Jar does not. For cost-conscious daily savers, Pyllar's 0% GST is a meaningful advantage over time. See our full Pyllar vs Jar comparison.
Yes. There is no lock-in period on Pyllar. You can request a redemption at any time. The money (current value of your mutual fund units) arrives in your bank account within 2–3 working days after the request is processed.
Pyllar uses SEBI-regulated gold mutual funds — not digital gold. The difference matters: digital gold attracts 3% GST on every purchase. Gold mutual funds are GST-exempt. Your investment is held with licensed AMCs as mutual fund units in your name, not in a digital gold vault.
Currently, Pyllar is only available on Android (Google Play Store). An iOS version is in development. If you're on iPhone, you can visit pyllar.in to learn more and we'll notify you when iOS launches.
See it for yourself — free to try
No app fee. No lock-in. 0% GST. SEBI-regulated gold mutual funds from ₹21/day.
Download Pyllar on Google Play