HIGHLIGHTS
- Over 11 crore demat accounts in India as of January 2023.
- India offers investment platforms for both beginners and pros.
- Top Indian investment apps are reviewed for features and security.
India has a wide range of investment and trading platforms that cater to both experienced and beginners. In this article, we highlight the top investment apps in India and evaluate their features, user-friendliness, security measures, and some other metrics.
Research says that As of January 2023, there are over 11 crore demat accounts in India, up from 8.4 crore accounts in 2022. Here is the list of best investment apps in India.
Best Investment Apps in India
Table of Contents
BlinkX
BlinkX is an application designed by JM Financial. It comes with a user-friendly interface. The app caters to both beginners and experienced people who are seeking investment and trading.
There are a wide set of features like TradingView charts, options and indicators and advanced order types such as AMO orders, cover orders, and direct IPO applications.
What makes us different?
What sets BlinkX apart from the other applications is that BlinkX charges a subscription fee of only ₹799/ 10 months. With this plan customers can enjoy unlimited trading in Equity Intraday, Delivery, NSE F&O, IPO and Currency.
Features of BlinkX
- The application is available on both Android and Apple devices.
- User-friendly interface that every beginner can use.
- Provides leverage and MTF trading.
- Brokerage Free trading in popular segments.
Zerodha
It was designed and started by the Billionaire Kamath brothers, Zerodha is the largest online discount broking platform in India. Currently the application has over 1.1 crore active clients, or 15 percent of the complete Indian retail trading volume. This is amongst the best investment apps in India. The user interface is easy to use, and it can be used by a beginner as well as experienced people.
Features of Zerodha
- Application is available on both Android and Apple Devices.
- Low-cost brokerage among industry competitions.
- When it comes to other apps there are account opening charges and annual charges as well, it has zero brokerage for equity delivery and ₹20 for equity intraday.
Groww
Groww is a funded startup, having more than 40 million customers and a rating of 4.5 stars on the Playstore. This is amongst the best investment apps in India which is loved by many users.
If we talk about the application, then it has a decent blue and green theme. It is one of the best applications for mutual fund investment because of its unique dashboard and easy tracking features.
Features of Groww
- All-in-one application for mutual funds, ETFs, SGB, IPOs, Futures and Options, commodities, and more, within a single application.
- The application is available on both App Store and Play Store.
- No account opening and maintenance charges.
- You can also invest in US stocks with zero account opening, maintenance, and brokerage charges.
Upstox
It is a startup that was initiated by Tiger Global. Like Zerodha, Upstox follows the discount broking business model.
The application provides trading and investing options for stocks, commodities, currencies, and mutual funds. The application has some amazing in-built features such as TradingView for charts, and chart IQ libraries, all of which are used by experienced traders and investors.
Features of Upstox
- People can also invest in gold, IPOs, and mutual funds. Mutual fund investments have no commission.
- Invest in mutual funds and stocks, while also trading stocks, derivatives, currency F&O and commodities F&O.
5 Paisa.com
5 Paisa is a growing investment app. It is best for both investors and traders, with options to invest in stocks, mutual funds and trade in commodities and currencies. What makes 5 Paisa different from others, and what every investor would want, is their advisory, research, news, and blog access which is free to its users.
Features of 5 Paisa
- Real-time market movement data, stock quotes, and price changes.
- Allows users to invest in US stocks with zero commission, in partnership with Vested, an SEC-registered investment adviser
- No account opening charges, no commission on mutual funds and US stocks
Conclusion
To conclude with these 5 best investment apps shared above, are only a few compared to the endless choices currently available in India. If we talk about the market now, then every major bank is offering Demat account services with attractive offers such as zero brokerage, advisory services, no maintenance charges, etc.
The competition in the brokerage industry is rapidly growing and almost all applications provide the same features. However, the above shared applications will give you the top security in terms of data privacy, and their light user interface is easy to use as well.
Frequently Asked Questions
Which trading app is safe in India?
Some of the safest trading applications in India are Angel One, Zerodha Kite, and Finq.com.
Which trading app is the cheapest in India?
The cheapest trading app in India is Edelweiss where an individual can trade, with just Rs.10 per trade.
Is trading safe?
Yes, it is 100% safe to trade but always trade through a good and renowned trading app.
