Over the last few years, the number of retail investors in India has grown exponentially. The credit for this digital boom goes to the “Trading Apps” that have made investing in the stock market extremely simple. Today, you don’t need to visit a large office to buy or sell shares; it can all be done from your smartphone.
However, with so many options available, it can be difficult to choose which app is right for you. This article lists the “Top 5 Best Stock Market Apps” in India, which are considered excellent for both trading and investment.
Top 5 Best Stock Market Apps in India
1. Groww
- Best For: Beginners and Mutual Fund Investors.
- Overview: Groww started as a simple mutual fund platform but has now evolved into a complete investment app. Its User Interface (UI) is very clean and simple, making it easy for new investors to understand the market. Recently, it became India’s number-one broker in terms of active clients.
- Key Features:
- Very simple account opening process.
- Free Account Opening and Zero Annual Maintenance Charge (AMC).
- Stocks, Mutual Funds, F&O, and US stocks, all in one place.
- Clean UI, which is perfect for beginners.
2. Zerodha (Kite)
- Best For: Active Traders and Experienced Investors.
- Overview: Zerodha is India’s largest and most popular discount broker. Their trading platform, “Kite,” is known for its speed, reliability, and advanced features. If you make multiple trades in a day (intraday) or are active in Futures & Options (F&O), Kite is the best for you.
- Key Features:
- Kite Platform: A very fast and lightweight trading app.
- GTT (Good-Till-Triggered) Orders: You can set a price and place an order that remains valid for one year.
- Varsity: Their educational platform for learning about the stock market.
- Free equity delivery, and a flat ₹20 brokerage for F&O and intraday.
3. Upstox
- Best For: Tech-savvy Traders and Beginners.
- Overview: Upstox is another popular discount broker backed by big investors like Ratan Tata and Tiger Global. This app is known for its modern design and powerful charting tools. It integrates advanced charts like “TradingView” directly into the app, which is a big plus for those who perform technical analysis.
- Key Features:
- Advanced charting tools (TradingView integration).
- Fast and clean user interface.
- Free equity delivery and flat ₹20 brokerage.
- Digital Gold, IPOs, and MFs are all available.
4. Angel One
- Best For: Those who want Research along with Discount Brokerage.
- Overview: Angel One (formerly Angel Broking) is one of India’s oldest brokers that has now completely transformed into a digital, discount broker. Being a legacy broker, it provides research reports and advisory services (like ‘ARQ Prime’) alongside its discount brokerage.
- Key Features:
- Zero brokerage on equity delivery.
- Flat ₹20 brokerage for intraday and F&O.
- In-built research and advisory tools.
- A wide range of investment options.
5. 5paisa
- Best For: Budget-conscious Investors.
- Overview: 5paisa is known for its low-cost brokerage. While most brokers charge a flat ₹20, 5paisa’s plans often start at ₹10. It is an all-in-one app that also offers stocks, MFs, insurance, and personal loans.
- Key Features:
- Very competitive and low brokerage plans.
- Robo-Advisory: Automatic investment suggestions based on your goals.
- Stock-specific research tools.
- All-in-one financial app.
Conclusion
The “Best Stock Market App” for you depends on your needs.
- If you are a beginner and want a simple interface, Groww is the best.
- If you are an active trader and want speed/features, Zerodha (Kite) should be your first choice.
- If you want a mix of research and low brokerage, Angel One is a good option.
Before choosing any “Trading App,” be sure to compare its charges, features, and customer support.