Free Apps for Stock Investments in India

Investment in the stock market is not costly nowadays. But with the rise of fintech firms, various apps offer free investment in stocks, which helps in reducing the barrier for new investors. 

In today’s blog post, we will give you an overview of the top 10 free apps for stock investments in India and their benefits.

What is the Free Stock Investments App?

A free stock investment app is a platform offered by a broker through which one can invest in different securities, including stocks etc. The broker does not charge any brokerage for executing any trade using their app.

Top 10 Free Apps for Stock Investments in India

1. Pocketful
2. Zerodha
3. Groww
4. Angel One
5. Upstox
6. 5Paisa
7. Dhan
8. m.Stock
9. Fyers
10. Paytm Money

Read Also: Best Stock Market News Apps in India

Overview of Top 10 Free Apps for Stock Investments in India

1. Pocketful

Pocketful, a discount broker operating under its group company Pace Stock Broking Services Pvt. Ltd., offers a modern investment platform through its web interface and mobile app. It provides investors with convenient features such as thematic investment “pockets,” margin trading options, and quick fund transfers via UPI. Pocketful stands out by offering zero account opening charges, zero AMC, and zero brokerage on equity delivery trades, making investing both affordable and accessible.

2. Zerodha

Kite is Zerodha’s primary trading app and is among the best platforms in the Indian stock market. It is known for its clean interface, advanced features, and a low-cost, transparent brokerage model. Kite offers its users an extensive range of tools to assist them. 

3. Groww

Groww is an Indian fintech company which makes it simple and affordable to invest in stocks, mutual funds, and other financial products online. Since Groww has evolved into a full-fledged brokerage service, it is a major player in the discount brokerage market. Groww offers features for more experienced traders, such as real-time market data, advanced charting with multiple technical indicators, and a portfolio analysis tool to help them keep track of their performance and allocation.

4. Angel One

Angel One, an important player in the Indian financial services industry, has changed from being a full-service broker to a tech-driven discount broker that offers a variety of value-added services along with the advantages of a discount brokerage. Users can diversify their portfolios using the Angel One platform because of its wide range of products. The combination of discount brokerage and research and advisory services, which is an advantage of full-service brokers, is one of Angel One’s unique selling points. 

5. Upstox

Upstox is a well-known discount broker, which is backed by investors like the Late Mr. Ratan Tata. It offers a technology-driven platform to cater for the needs of both beginners and experienced investors. Their app offers two different modes: Upstox for Investors and Upstox for Traders. The application offers charts from both TradingView and ChartIQ. However, unlike full-time brokers, it does not provide stock recommendations.

6. 5Paisa

5Paisa is a well-known discount broking firm which offers an app for trading and investing free of cost to its investors. Their mobile app is popular because it has a low-cost brokerage that charges a flat ₹20 per order for all types of trades, including stocks, IPOs, mutual funds, and F&O, with no extra fees. Their app has great tools for active traders, like FnO 360, a dedicated suite for Futures and Options that includes an option chain, open interest analysis, and ready-made strategies. 

7. Dhan

Dhan is a cutting-edge fintech company that has quickly become a popular trading and investment platform in India, especially among active investors and traders. A key element of its platform is the Dhan mobile application, which was created with a focus on powerful capabilities and a user-first approach. With features like option trading, super order, flash trading, etc., the app is especially designed to satisfy the demands of serious traders. 

8. m.Stock

The trading app m.Stock, from the global financial company Mirae Asset, is popular in India because of its unique pricing model and wide range of features. It is a low-cost, tech-based platform that can help both new and experienced traders. The app has a lot of advanced features, such as real-time data, advanced charting with buy and sell options, and a “One View Portfolio” that shows all of your investments and keeps track of your profits and losses. 

9. Fyers

Fyers is an Indian discount stockbroker known for its strong, tech-focused platforms. Fyers has partnered with TradingView, which is one of the most popular charting platforms. This allows users to access advanced charting tools, technical indicators, and drawing tools within the app. It has a customisable watchlist, a user interface that works in multiple languages, and fast order execution.

10. Paytm Money

Paytm Money, which is part of One97 Communications, is a prominent player in India’s fintech space. It offers a single platform for stocks, mutual funds, and other investment products. The app has been designed to be easy to navigate and understand. It has a “Trader Mode” for active traders that makes the interface more focused, and “Expert Picks” to help users find stocks that analysts recommend. The app allows you to use UPI Autopay for systematic investment plans (SIPs).

Read Also: Best Paper Trading Apps in India

Benefits of Free Apps for Stock Investments in India

The key benefits of free apps for stock investments in India are as follows:

1. Cost-Effective: Free apps for stock investment enable investors to save money by reducing costs.
2. Increase Participation: Free stock investment apps enable investors to participate in the market without incurring any additional costs. It will eventually increase participation.
3. Advance Trading Platform: These free stock investment apps also integrate with advanced charting tools, which help traders in identifying the support and resistance of a stock.
4. Easy Account Opening: One can easily open their trading and demat account using these free apps for stock investments.

Conclusion

On a concluding note, with the introduction of free stock investment apps, the Indian capital market dynamics have changed exponentially. It can help an investor save transaction costs and help them earn higher returns. These free apps are suitable for both new and experienced investors as they offer advanced trading tools. However, it is advisable to choose an app which aligns with your investment objective and has a simple user interface. Therefore, choosing an app only based on free brokerage is not advisable.

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