5 Best Investment Apps in India 2024

India’s best investment app: After the rapid growth of Demat accounts in India in 2020, interest in stocks, trading and investing has not abated. Smartphones, faster internet, and online trading and investment accounts have made trading and investing much easier. Some of these smartphone applications have seen record growth over the past few years.

As of January 2023, there are over 1.1 billion Demat accounts in India. This is an increase from 8.4 billion accounts in 2022. This record-breaking achievement best investment app mentioned below

We introduce five things, including discount brokerage, free shipping, inventory recommendations, and education. best investment app We will also inform you of its features and benefits in 2024.

India’s best investment app

India’s Best Investment App #1 – Zerodha Kite

Founded by the billionaire Kamath brothers, Zerodha is India’s largest online discount brokerage platform. The application has over 1.1 billion active customers, accounting for 15% of total Indian retail volume. The user interface is well designed and easy to use, suitable for beginners as well as advanced traders and investors.

Kite comes with built-in charts, over 100 trading indicators, and advanced orders such as Good Till Triggered (GTT) orders, cover orders, direct IPO applications, and more. Registration fee is ₹200 rupees and annual maintenance fee is ₹300. It has become one of the most expensive investment apps in India.

Despite its discount brokerage business model, Zerodha remains the most profitable brokerage firm and one of the most profitable startups today.

Features of Zerodha Kite:

• Brokerage among industry peers at low cost.

• User-friendly interface that any beginner can use. Integrated trading view chart that makes trading using various indicators easy.

• The application is available for both Android and Apple devices.

• It offers up to 20x leverage for intraday trading.

• Apply for IPO directly through Kite. Mutual fund investments can be made directly without any commission.

• There is an account opening fee and an annual maintenance fee, but there is no brokerage fee for stock delivery and ₹20 for intraday shares.

India’s Best Investment App #2 – BlinkX by JM Financial

BlinkX by JM Financial is a popular online trading platform in India. With a user-friendly interface, BlinkX is suitable for both beginners and experienced traders and investors.

BlinkX offers a comprehensive set of features, including a variety of watchlists based on TradingView charts, sectors, options and indicators, advanced order types such as AMO orders, cover orders and direct IPO applications. What makes BlinkX different from other brokers is that BlinkX only charges a subscription fee of ₹799 per 6 months. With this plan, customers can enjoy unlimited trading in intraday stocks, deliveries, NSE F&O, IPOs and currencies. This has established it as one of the most competitive investment platforms in the Indian market.

Features of the BlinkX Trading App:

• Free trading in brokerage popular sectors.
• User-friendly interface that any beginner can use.
• Customizable dashboard with 20+ widgets.
• Dedicated options and indicator watchlists, 50 sector-specific watchlists and custom watchlists.
• Offers leveraged and MTF trading.
• This application is available for both Android and Apple devices.

Click here to open an account with BlinkX

Best Investment App in India #3 – Groww

Groww is a funded brokerage startup with over 40 million customers and a 4.5-star rating on Playstore. The startup is backed by various VC funding firms such as Sequoia, Y Combinator, and Tiger Global.

The application has a consistent blue and green theme that the company follows for all sections of the application. It is one of the best applications for mutual fund investing, especially due to its unique dashboard and easy tracking features.

Characteristics of growth:

• Like most investment apps, Groww has a two-factor authentication feature that makes users more secure and makes it harder for hackers to access a person’s investment accounts.

• All-in-one application for mutual funds, ETFs, SGBs, IPOs, futures and options, commodities and more within a single application.

• Invest in U.S. stocks with no account opening or maintenance or brokerage fees.

• Separate dashboards for stocks and mutual funds to differentiate between passive and active investing and other market activity.

• There are various built-in calculators (SIP, Brokerage, SWP, Mutual Fund Returns) that make this application a one-stop platform for trading and investing.

• The application is available on both App Store and Play Store.

• There are no account opening and maintenance fees and a fee of ₹20 or 0.05% (whichever is lower) is charged per order.

Best Investment App in India #4 – Upstox PRO

In third place is Upstox PRO, another brokerage startup backed by Tiger Global. Like Zerodha, Upstox also follows a discount brokerage business model.

The application offers trading and investment options for stocks, commodities, currencies and mutual funds. The app has built-in features like Trading View for charts and the Chart IQ library, all used by experienced traders and investors.

Features of Upstox Pro:

• While investing in mutual funds and stocks, it also trades stocks, derivatives, currency F&O and commodity F&O.

• You can also invest in gold, IPOs, and mutual funds. There are no fees for investing in mutual funds.

• Charting tools for traders with advanced charts, 100+ technical indicators and market observations.

• The account opening fee and brokerage fee is 2.5% or ₹20 for stock delivery and 0.05% or ₹20 for intraday stock delivery. Account maintenance costs ₹150 + GST ​​per year.

Best Investment App #5 – 5 Paisa

5 Paisa is a growing investment app and one of the few publicly traded apps on our list. With options to invest in stocks, mutual funds and trade commodities and currencies, it is ideal for investors and traders alike. 5 What makes Paisa unique and what every investor wants is the access to advice, research, news and blogs that are provided to users free of charge.

5 Features of Paisa:

• We offer targeted advisory services along with free access to news, research and blogs.

• Real-time market trends data, stock quotes and price movements.

• Our partnership with Vested, an SEC registered investment advisor, allows users to invest in U.S. stocks commission-free.

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

• There is no account opening fee, no commission on mutual funds and US stocks, ₹20 for stock delivery and ₹20 for intraday stocks.

Bonus: Other Best Investing Apps

6. Angel Speed ​​Pro

Angel One is a publicly traded brokerage firm and its flagship application is Angel Speed ​​Pro, a full-service brokerage app. The application follows a single window design for transactions. Fast order execution and real-time inventory updates are possible.

Angel Speed ​​Pro Features:

• Like most major applications for trading and investing, it offers stocks, commodities, currencies and margin trading, along with mutual fund investment options.

• Transaction rates are streamed in real time to ensure instantaneous transactions and fast response times.

• Get news alerts and stock reports instantly.

• Built-in portfolio tracker that analyzes your holdings. Additionally, use our downloadable P&L Report Excel sheet to analyze your trading P&L.

• There are no account opening and maintenance fees, no share delivery charges and ₹20 or 0.25%, whichever is lower, on intraday shares.

Finishing

The five best investment apps mentioned above are only a small fraction of the numerous choices available in India today. All major banks are offering Demat account services with attractive offers like zero brokerage, advisory services, no maintenance fees, etc.

Competition in the brokerage industry is so fierce that almost all applications offer the same functionality with a few quirks. Let me know what you think of my list of five. best investment app In 2024.

Written by – Karan N

by utilizing stock screener, stock heatmap, Backtesting Portfolioand stock comparison The tools on the Trade Brains portal give investors access to comprehensive tools to identify the best stocks and also receive updates. stock market newsMake investment decisions based on sufficient information.