Exploring The Top 5 Investment Apps In India For Beginners And Experienced Investors

Exploring The Top 5 Investment Apps In India For Beginners And Experienced Investors
24 May 2024

Investment apps offer extreme convenience. They allow for diversified portfolios, flexible fees associated with traditional investment avenues, and more. It is projected that the investing apps market will grow at a compound annual growth rate (CAGR) of 16.5% from 2018 to 2030.

That is why it is not surprising that digital investment apps are rising in India. But with so many new platforms springing up, it's become difficult for investors to choose the best investment apps.

Here is a list of the top 5 investment apps in India for both experienced investors and beginners looking to make wise investments in the share market.

Top 5 Investment Apps in India for Novice and Seasoned Investors

Here are the top 5 investment apps, along with their features and perks.

1. HDFC SKY

HDFC SKY is a top investment app offering a suite of features that cater to both novice and experienced investors. Whether you're tracking the latest market trends, executing trades swiftly, or learning about new investment opportunities, HDFC SKY provides a smarter route to wealth creation.

No maintenance fees for the first year.

Low Trading Fees: Only INR 20 per order for intraday and delivery trades.

Access 3,500+ companies and 100+ ETFs; trade in futures, options, currencies, and commodities.

Choose from 2,000+ mutual funds and track external investments.

User-friendly interface with smart dashboards, trade futures and options like a pro.

Comprehensive materials to enhance investment knowledge and habits.

Robust user and data protection measures for secure transactions.

Dedicated support with detailed FAQs and personalised assistance.

Invest any time, anywhere with the HDFC SKY app for Android and iOS.

Margin trading facility for lеvеraging your invеstmеnt potеntial.

2. Zerodha Kite

Zerodha is a popular discount broking platform in India, with a user base of more than 6.3 million. However, With an INR 200 registration cost and an INR 300 annual maintenance fee, it's among the most expensive investment apps available in India.

Features

A continuous stream of real-time stock price data.

Smooth user interface that is suitable for novice and seasoned traders alike.

Access to direct IPO applications easily.

Direct mutual fund investments can be made without paying commission fees.

Extensive stock market trading tool for intraday equity and delivery trading.

Provides up to 20X leverage for intraday trading.

3. Upstox Pro

Upstox PRO is not just popular but also one of the most reliable stock market apps in India. Backed by Tiger Global, it provides a wide range of trading and investment opportunities for equities, mutual funds, commodities, and currencies.

Features

The app includes built-in tools that seasoned traders and investors use, like Trading View for charts and chart IQ libraries.

Invest in stocks, IPOs and mutual funds, while also trading currency F&O, derivatives, and commodities F&O.

Investments in mutual funds are commission-free.

Zero account opening charges and brokerage charges of 2.5 per cent or INR 20 for equity delivery and 0.05 per cent or INR 20 for equity intraday.

4. Invest Right

HDFC Securities’ InvestRight is a trading app that fulfils all your needs, from having a demat account and trading account to investing in IPOs and mutual funds. This implies that your entire experience—from creating your dashboard to placing an order—will be customised.

A usеr-friеndly and scalablе fеaturе that offеrs powеrful data analysis tools to aid in invеstmеnt dеcision-making.

Accеss quick links to thе nеwsroom for markеt updatеs and information on account opеning procеdurеs.

Explorе thе knowlеdgе cеntrе for еducational matеrials to hеlp invеstors makе informеd dеcisions.
Enjoy a usеr-friеndly intеrfacе and еasy navigation, making it convenient for invеstors to manage their portfolios on thе go.

Thе app is optimisеd for various browsеrs and scrееn rеsolutions, еnsuring a sеamlеss usеr еxpеriеncе across diffеrеnt dеvicеs.

5. 5paisa

5paisa is a rising investment app and is one of the few apps on our list to be publicly traded. With options to trade in commodities and currencies, as well as invest in stocks and mutual funds, it is perfect for both traders and investors.

Features

Provides advisory services based on goals, along with free access to news, research, and blogs.

Offers real-time market movement data, stock quotes, and price changes.

Allows users to invest in US stocks with zero commission

Create multiple watchlists, and endless price alerts, along with advanced trading tools for charts.

No account opening charges, no commission on mutual funds and US stocks, and ₹20 for equity delivery and INR 20 for equity intraday.

The Bottom Line

With the market for these apps projected to grow significantly, top platforms are leading the way by providing user-friendly interfaces, low fees, and extensive educational resources, making them suitable for both novice and experienced investors.

HDFC SKY stands out as the best share market app due to its comprehensive features, user-friendly interface, and robust security measures. It offers low fees and a wide range of investment options, making it ideal for both beginners and experienced investors.

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