India’s economy has grown over the last decade, and that’s meant more investment opportunities in India’s stock market, which has been growing at an average of 18% per year since 2000. The increase in competition has also increased the number of online stock trading apps in India, making it easier than ever to manage your investments on the go. Here are five of the best online investment apps available right now.
Zerodha is an online trading platform that allows you to buy and sell stocks, mutual funds, and other investment products. The app is user-friendly and offers a variety of features, making it an excellent choice for those looking to invest in the Indian stock market. It has over one million users, is available in 13 languages and across 30 markets globally, and has won multiple awards including being India’s Best Online Trading Platform at CNBC TV18 Mumbai Awards 2015. In addition to that Zerodha also has the highest number of active clients that are approximately 62 lakhs which is 17.42% total market share.
It has become obvious that there is something about them that is more than a match for someone. The User Interface and screeners are the best things about this application which stand out according to research and personal use. Although the brokerage charges on Equity Delivery and all direct Mutual Funds are ₹0, the charges on intraday and F&O are ₹20 flat or 0.03% whichever is lower. There are different charges than brokerage which are clearly displayed in the picture below.
2) Upstox (RKSV SECURITIES INDIA PRIVATE LIMITED)
Upstox is one of the most popular online trading platforms in India. It is simple to use and offers a variety of features, making it a great choice for investors of all levels of experience. With Upstox, you can trade in stocks, mutual funds, ETFs, and more. Plus, start investing with no minimum balance required. This makes Upstox one of the most accessible online investment platforms in India.
This is the Second best Application in terms of active users it has approximately 52 lakh users i.e. 14.47% of the total market share. The Brokerage charges over here are ₹20 or 2.5% whichever is lower on equity delivery. The intraday trading charges are ₹20 or 0.05% whichever is in your favor. However, there are no AMC charges to be paid and also no account opening fees are charged.
Groww is an investing app that helps you grow your wealth by making it easy and affordable to invest in a wide range of options, including stocks, mutual funds, and ETFs. With Groww, you can start investing with as little as Rs. 100, and there are no hidden fees or charges. Plus, Groww offers expert-led investment plans to help you reach your financial goals. It has now allowed placing GTT (Good till trigger) orders.
It has around 38 lakh active users and is in the 3rd position in its category. It charges around ₹20 or 0.05% brokerage on equity delivery and ₹20 on futures and options trades. No account opening or annual maintenance charges are there.
4) Angel One
Angel One is a Mumbai-based startup that allows users to invest in stocks and mutual funds with as little as Rs. 500. The app is simple to use and has a sleek interface. Plus, it offers a variety of features such as livestock prices, charts, and market news. It helps you to invest, trade, and grow in the share market with a free Demat Account. All your financial and investment needs are taken care of. Invest easily in stocks, IPO, F&O, and participate in Intraday trading
It has approximately 36 lakh active users which make up to 10.15% of the total market share. And sits comfortably in 4th position. The charges on equity delivery are ₹0. Whereas, the charges for intraday, futures, and options remain ₹20 or 0.25% whichever is less.
5) 5 Paisa App
This app is one of the most popular online investment apps in India. It has a user-friendly interface and is packed with features that make it a great choice for first-time investors. With 5 Paisa, you can trade in stocks, mutual funds, and other securities. Plus, the app offers a handy mobile app so you can keep track of your investments on the go.
The currently active users of 5 Paisa are approximately 17.5 lakh which is around half of the 4th ranking application in this list but 5 Paisa has acquired around 4.87% of the market share and is also a favorite application to a lot of users. The charging system is quite simple over here as it charges a flat ₹20 irrespective of the type of trade and sector.