According to a research, only 3 % of Indian population invest in stock market. While other develop countries have higher percentage. There can be many reasons behind this like lack of knowledge about stock market, lack of trust, a belief system that stock market is gambling etc etc. One of the common reason is also the conventional system of investing. The conventional system is very complex. But through the progress of technology that complexity is resolved now. In the last decade by the use of technology investing becomes very very easy and accessible to everybody. Today you just need a smartphone and an internet connection and you can start investing by one click. There are many apps that you can use for investing. In this blog, I am going to share you 4 best apps for investing in Indian stock market. You can use these apps and start your investment journey for your better future.
Before starting this blog, let’s see the 7 points on which we will decide which is the best app. And one more thing is that you need not to use the number 1 app. Just see the datas and decide yourself which app is good for you.
- Demat Account Opening Charge
- Brokerage Charges
- AMC (Account Maintenance Charge)
- User Interface (UI) / User Experience (UX)
- User Base
- Learning – YouTube Channel, Articles or Daily News
- Referral Programs
1) Groww
Groww is an online investment platform where investors can invest their money into Stocks and Mutual Funds. Headquatered in Bangalore, Karnataka. Groww stands at the top place on our list for best investment apps in 2022.
Demat Account Opening Charges – The account opening charge in Groww is RS 0. You can open your account absolutely for free.
Brokerage Charges – RS 20 or 0.05% per executed order whichever is lower for Equity and RS 20 per executed order for Future & Options. There are also many types of charges for different different categorise and puposes. You can go through the link given below to see the complete list of charges in Groww.
You can see the whole type of charges here:- Groww all charges.
AMC (Account Maintenance Charge) – You would glad to know that in Groww there are no AMC.
UI/UX – The UI of Groww is just awesome. Basically, the UI is extremely simple and easy for users to understand, that’s what makes it unique in comparison to other apps. Overall,the app gives best user experience.
User Base – In the fiscal year 2022, Groww had over 3.5 million active users. And the numbers are growing rapidly.
Learning (YouTube channel, Articles or Daily News) – Groww offers several platforms to investors to learn stock market and upskill them. Groww have their Groww Academy where you can learn each and every topic related to investing. They also have their YouTube channels where they upload learning videos. Besides of this they also provide articles and daily news to update investors.
Referral Program – Not everyone get the chance for Groww’s referral program. There is certain conditions to it. You can check the link given below which will redirect you to the official website of Groww where you can find each and every conditions to eligible for Groww’s referral program.
2) Kite by Zerodha
Zerodha is an Indian financial company which was founded in 2010 by Nithin Kamath. The company’s headquater is in Bengaluru. Kite is a trading cum investing app by Zerodha.
Zerodha got the second place in the list.
Demat Account Opening Charges – The charge for an online account opening at Zerodha is RS 200 for the Trading and Demat account. If you wish to trade in commodity derivatives through MCX, you can do so by enabling the commodity segment from console after your Trading and Demat account is opened. The fee for enabling the commodity account is RS 100.
Brokerage Charges – There are many types of charges in stock market. But for a rough idea in zerodha the charges are RS 0 for equity delivery (All equity delivery investments NSE, BSE are absolutely free), RS 20 for Intraday and F&O trades (Flat Rs. 20 or 0.03% per executed order on intraday trades across equity, currency, and commodity trades, RS 0 for direct MF (All direct mutual fund investments are absolutely free – Rs 0 commissions & DP charges).
You can see the whole type of charges here:- List of all charges and taxes.
AMC (Account Maintenance Charge) – RS 300/year + GST charged quarterly (90 days).
UI / UX – The UI of kite app is quite good. You can easily understand everything in the app. Overall, kite will give you a good user experience.
User Base – In the fiscal year 2022, Zerodha had over six million active users. The numbers are increasing day by day.
Learning (YouTube Channel, Articles or Daily News) – Through varsity, Trading Q&A and Z-connect Zerodha provides users to upskill their Trading and Investing skills. Zerodha have their YouTube Channel too where you can learn about stock market.
Referral Program – Zerodha have also refer and earn program which changes with time. Currently the offering is like this, Refer your friends to earn 10% of the brokerage they pay. Also get 300 reward points for each referral.
3) Upstox Pro
Upstox is a fintech company. It offers its user an innovative investment platform. It is headquartered in Mumbai. Upstox Pro is an updated version of old Upstox app. Upstox Pro stands at the third place in the list.
Demat Account Opening Charge – Account opening charge is zero. You can open an account absolutely for free on Upstox.
Brokerage Charges – RS 20 for Equity, F&O, Commodity and Currency orders; Rs 0 commission on investing in Mutual Funds and IPOs. But this is not it. There are many more type of charges. Want to know everything about charges then you can click the link given below. It will redirect you to official brokerage page of Upstox Pro.
You can see the whole type of charges here:- Upstox pro all charges.
AMC (Account Maintenance Charge) – AMC in Upstox Pro is ZERO.
UI / UX – As compare to Groww and Kite, it also have a good UI. People says that they have quite good User Experience on Upstox Pro app.
User Base – In fiscal year 2022, Upstox had over 5 million active users. It is quite good numbers.
Learning (YouTube Channel, Articles or Daily News) – Through articles, YouTube Channels and daily news, they keep their user updated.
Offers (Refer& Earn Program) – Invite your friend & get RS 200 when they will successfully open their account. These offers changes with time. So, do check regularly.
4) AngelOne
Angel One Limited, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. It is headquartered in Mumbai. Angel One stands at the fourth place in the list.
Demat Account Opening Charge – Demat account opening charge is Zero. Anyone can open demat account in AngelOne for free.
Brokerage Charges – RS 0 on Equity Delivery Trades, RS 20 on (Intraday, F&O, Commodities & Currencies), Free Margin Trade Funding For 30 Days. You can see the complete charge list through the link given below.
You can see the whole type of charges here:- Angelone all charges .
AMC (Account Maintenance Charge) – Angel One has zero annual maintenance charge for the first year. But from the next you should pay Rs 20 +GST per month.
UI / UX – If we talk about User interface, it is very good app. Navigation and other things in app is very easy to adopt. Overall, it gives a pleasing user experience.
User Base – Angel One had over 3.6 million active users in the fiscal year 2022.
Learning (Seminars, YouTube Channel or Daily News) – Through YouTube channel and articles they provide every necessary learnings to their users. Angel One also gives daily news and live market alerts.
Offers (Refer& Earn Program) – The referral program is like this if you refer Angel one to anyone (family, friends etc) then you will get the Rs 250 voucher that you can use while shopping with the brand collaborated with Angel One. Offer changes after some time. So, I would suggest you to check Angel One referral section in app on regular basis.
This is it. Now the whole choice is yours. You can choose any of these four apps.
For Beginners
1) Now If you are a beginner and don’t anything about stock market. Then don’t worry you need not to know everything to start. Start with any app and learn from the different different sources like YouTube channels, Blogs etc etc. I am suggesting you 3 YouTube channels that you can use to start your Investment or Trading journey from.
1st YouTube Channel:- Pranjal kamra.
2nd YouTube Channel:- CA Rachana phadke ranade.
3rd YouTube Channel:- yadnya investment academy .
2) You read many times in the blog a word that is Demat Account. Now, if you don’t know what it is. I am giving a simple definition of it.
Demat Account :- A Demat Account is a bit like a bank account for your share certificates and other securities that are held in an electronic format. Demat Account is short for dematerialisation account and makes the process of holding investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easier, doing away the hassles of physical
handling and maintenance of paper shares and related documents.
3) If you don’t have Demat account then I am giving you the step by step guide to open a demat
account. It is a very simple process.
➢ Go to a stockbroker (Groww, Zerodha, Upstox etc) app or website
➢ Register with basic details
➢ Do the mandatory KYC with Aadhaar and Pan Card details
➢ Open your demat account
➢ Pick the stock you want and start investing
If you are not comfortable with text guide then go to any of YouTube channels and you will get
the video guide to open a demat account.
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