5 Best Platform To Open Demat Account😲😲

Are you confused about, which platform is best for Stock Market Investment? So you are on the right article!

Hi everyone,

Today we will be discussing the best app to invest in the stock market because nowadays many people want to invest their money in the stock market to earn profit.

What I have realized is after the scam 1992 web series has launched the new young generation attracted more towards the stock market. And some stock market researcher has said that...

140 crore people live in India but only 3.5% of people invest in the stock market which means 5 crore people if we talk about China 12.7% of the population and America 52% of the people invest in the stock market.

But some investment reports said that in the financial year 2021 5 million Demat accounts were opened by people, and one report also said India will cross China in 5 to 10 years. 

Around 14.5 million new investors were added by the NSDL and CDSL in the year ended in March 2021 which is 1.9 times jump in a year.

The share of individual investors in the cash market turnover, too, has risen to 45 % in 2020-21 from 39 percent, a year ago, according to NSE.

Some questions related to the stock market like:-

The ranking based on my experience it may be different:

So let's see what are the best app to invest in the stock market in India:-

 

1.GROWW APP

 Groww is an India-based investment platform located in Bangalore that was founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Basal. 

And Groww has awarded in 2018-19 1st place in BSE star MF fintech and the highest transaction in 2018-2019.

Now Groww has provided investment in mutual funds, NFO investment, Gold investment, and stock market investment.

Nowadays grow app has become so popular amongst new investors the reason behind this app that is it is very easy to use and user-friendly interface and is transparent. This application has 10 million customers with 4.3 ratings which are managed by more than 100 plus team members.

Features:

• It is very simple & easy to sign-up, One-time KYC is done within this app and your account will be ready in a few minutes.
• You can use smart filter options to get the top mutual funds listed under different categories based on metrics.
• This app provides a Mutual Fund SIP calculator that will help you to estimate the returns for an investment over a period of time.
• It also provides the latest financial news and insights - share market news, and free stock investing for beginners in both article content & videos.
• You can do Stock trading with just one single click to buy/sell your shares.

2. UPSTOX

Upstox is another popular platform to invest in the stock market. And this platform was launched in 2019 by Ravi Kumar, and the headquarters of up stock is in Mumbai.

And This is also the first tech company, which provides low-cost rocking firms in India and providing creating a personality at an affordable and unbeatable price.

But opening an account on Upstox is not free. You have to pay 249rs for Trading Account Opening Charges (One Time).

This company provides investment opportunities in different segments of equities commodities currencies future options, which is available on the app socks, pro web, and absorb Chrome mobile trading platform.

And It has 40 lahks, Happy customers.

The upstox offers a fast and reliable & easy to use trading platform in India.

And with this app, you can invest in stock market mutual funds and digital gold. IPOs future and options.

And if I talk about the benefits of this app. It is an easy, fast, and simple user interface and has zero progress in the stock Investments on delivery orders.

It provides an advanced tool that calculates the Charges, like Calculator, span calculator, options strategy Builder, etc.

You can also become an affiliate of this Upstox where you can recommend this application to other people and you'll get a commission.

Ratan Tata and Tiger Global Management are the big two companies that invested in this stock platform. So it becomes a very trusted application.

This platform also has all the information related to stock marketing through their website article and youtube channel, so that you can make better decisions. This platform is available on Desktop, Android, and iOS platforms also.

3. ZERODHA

Zerodha is the most popular app among investors in the stock market and this platform was founded in 2010  by brothers Nitin Kamath and Nikhil Kamath & the company's head office is situated in Bangalore.

Now Zerodha has recently crossed the valuation of $ 1 billion and it is the largest brokerage firm in India with the highest active client base.

It has provided a trading platform in all software like Android, IOS & Windows.

This platform charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is less) per trade and the maximum brokerage you will pay for any transaction is Rs 20 for an order.

 Zerodha is the best stock broking platform because it offers an excellent online trading platform with charge a low brokerage fee, and is the most transparent stockbroker platform, and even now continuous improvement and innovation made them the fastest-growing fintech company in India. And these are the key strengths of Zerodha.

4. ANGLE BROKING

Angel Broking is a stockbroker firm that was established in 1996 by Narayan Gangadhar and the headquarters of angle broking is located in Mumbai.

Angel Broking has 110 branches and 11,000 sub-broker offices in 1800+ cities all over India.

Angel Broking is popular for its excellent trading software and investment advisory strategy. 

The company offers a wide range of investment options & trading services including stock and commodity broking, investment advisory services, margin funding, loans against shares, and financial products distribution, etc.

Now Angel Broking is offering a flat rate brokerage plan 'Angel iTrade PRIME'.

Angel Broking has a presence on all the platforms like websites, android, and ios. This platform is free of cost to all customers.

This platform is beneficial for investors & traders to access markets from different terminals.

It provides the foremost effective value for money to investors through innovative products, investment strategies, advanced technology, and personalized service.

Angel Broking has many Pros (Advantages) like:-

• Margin trading facility and Securities as collateral.
•  It offers Full-service brokerage services are available at ultra-low brokerage fees. 
•  Free research and advisory.
•  It provides comprehensive daily, weekly, and specialized research reports from Experts. 
• It offers Free trading software (website, mobile, and trading terminal). 
• It offers varieties of investment options like F&O, Commodities, PMS, Mutual Funds, Equity trading, Insurance, etc.
• It has a Presence in 100's cities across India.
• 30+ years of industry-leading experience within the brokerage business.
• No charges for any fund transfer

Angel Broking has some Cons (Disadvantages):-

• Angel Broking doesn't offer a 3-in-1 account.
• Broker-assisted trades are charged an extra Rs 20 per completed order & it is used to control customers' portfolios by informing and advising instantly about financial world events or price changes.

5. 5paisa

5paisa is another fantastic platform for investing in the stock market. 5paisa.com is the fastest-growing stockbroker platform and this platform was founded in 2016 by Nirmala Jain.

This platform has over 1.5 million customers. 

• This platform offers to trade in equity, commodity, and currency at NSE, BSE, and MCX. It charges a flat 20 Rs brokerage no matter the size of the trade, exchange, or segment.
• It offers three subscription plans to its customers: The basic plan, Power Investor Plan, and Ultra Trader Plan.
• And every plan provides you multiple benefits from Zero Account opening charges to Flat Fees reduced from Rs 20 to Rs 10. Which is an amazing feature.
• It offers a Demat account through its depository participant membership with CDSL. 5paisa is also awarded as Premier Depository Participant by the CDSL in 2019.

Benefits of 5paisa are:-

• It offers the Lowest charges flat Rs 20 per order executed & becomes Rs 10 with its value add packs
• It offers Research Ideas and is the only discount broker to provide exhaustive research and advisory on more than 4,000 companies. 
• It offers margin trade funding where a customer pays only a partial amount of the delivery bought in the cash segment. Rate of 0.06% per day.
• It offers Multi-Product App for all investment products including gold, peer-to-peer lending, insurance, mutual funds, and US investment.
• Analytics Services: It offers a Portfolio Analyzer tool to analyze the performance of your portfolio on your own and improve your investment strategy.
• It also offers Value-add packs: where you will get the first 100 trades for FREE every month.
• It offers all trading platforms including Mobile Trading App, Trading Website, and an Installable Trading Terminal, and all platforms are built on advanced technology and features.

I hope folks you will find this information useful. If so please do comment to me below and you can also give suggestions if any. I am waiting for your comment. 

THANK YOU, Friends...

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