With just over four months to go until the deadline, industry insiders have expressed doubts about the proposed 30% market share cap in the Unified Payments Interface (UPI) category, according to multiple media sources. Multiple newcomers to UPI have been informed, informally, that the limit is not going to be implemented. As a result, they have begun to reassess their growth and investment strategies, according to those briefed on the situation.
According to earlier media reports, new players in the UPI industry are holding off on making large expenditures until they have a better understanding of the market share rule. UPI payments are dominated by PhonePe and Google Pay.
Reportedly, the regulator is of the opinion that new entrants have not been able to reduce the dominance of the top two UPI services, therefore it is left with few choices regarding the implementation of the December 31st deadline.
In response to enquiries, neither NPCI nor the ministry of electronics and IT provided any information. Implementing this law (market cap) will require significant planning, according to several experts. It cannot be done in a day due to the disruptive nature of the process.
The Growth Trajectory
Both the government and NPCI are deeply committed to the expansion of UPI, which reached 14 billion monthly transactions in May. If people keep using the same two or three platforms, what options do we have? So many new entrants are able to set up shop, but they haven’t made a dent just yet.
In July, out of the 14.4 billion UPI transactions, more than 85% were processed through Walmart’s PhonePe and Google Pay. Google Wallet had 5.3 billion transactions, whereas PhonePe had 6.9 billion. With 1.1 billion UPI transactions, Paytm (One 97 Communications) came in third, and Cred (142 million payments) came in fourth.
The Reserve Bank of India (RBI) placed restrictions on Paytm Payments Bank in February, making arguments about the market share ceiling more prominent. Paytm is the third largest UPI operator. On February 5, a prominent media outlet said that Paytm’s problems will cause users and businesses to switch to the two most popular applications.
Why the Cap Cannot Be Implemented?
To prevent the UPI ecosystem from becoming overly dependent on only one or two platforms, NPCI first proposed a market share cap. In December 2022, NPCI delayed implementation for two years following multiple rounds of negotiations and requests from key corporations operating such apps.
Some industry executives and specialists in the field have voiced concerns that imposing a market share cap might cause systemic disruption and be technically challenging to achieve.
Conversely, NPCI has been facilitating the development of UPI solutions by numerous consumer internet platforms with huge user bases, enabling them to become third-party application providers.
Flipkart, the e-commerce platform that was once PhonePe’s parent company, Groww, Slice, and the Tata Neu superapp are all part of this group. Another company that has introduced its UPI offering through the plug-in channel is Swiggy, a food and grocery delivery firm that has partnered with banks. Similarly, Ola Consumer is in the process of planning a same system.
The Indian stock market is going through a major transformation, all thanks to the rise of discount brokerage firms! As more and more people are entering into the stock market, the term “Discount Broker” has become increasingly prevalent.
Surprisingly, over 70% of the new Demat (dematerialized) accounts initiated in both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are facilitated by these ‘discount brokerage firms’. When individuals opt to open new demat accounts, they prefer selecting the best discount brokers in India.
Discount brokerage firms help investors save big on brokerage fees, take control of their investments, and provide access to the latest information and technology to trade anywhere, anytime, and with minimal funds.
Trading with the help of the best discount brokers can lead to substantial savings, with potential reductions of up to 90% on brokerage fees. Additionally, individuals can access a user-friendly interface, real-time market data, analysis, news, charts, and key takeaways without paying much as brokerage fees.
A few years ago, trading stocks at any time or place, making payments, big trades, and figuring out brokerage and tax components before trading was tough. However, discount brokers have significantly streamlined this process, and made trading a ‘routine’ for any common man.
“Each and every Indian is enjoying the fruit of development. So, to that extent, when we see the last few years, it is the small investors from tier 2, and tier 3 cities are joining the capital market and enjoying the growth that we are seeing in the capital market. That is something very, very important for the development of India and for the capital market,” – Securities & Exchange Board of India SEBI Whole Time Member Kamlesh Chandra Varshney said in a capital markets summit in Mumbai on February 19.
Even small investors or the common man can now maintain an account, trade, invest, buy, or sell stocks daily, monthly, and annually with minimum brokerage fees.
Discount brokerage firms are like your auction assistants but with a twist – they guide you through buying or selling stocks. These firms give access to the stock exchange, just like traditional brokers, but at a fraction of the cost.
With their user-friendly platforms and affordable services, discount brokerage firms make stock trading easy and capital markets have become accessible for everyone. Discount brokers use technology to keep costs low and put the power of trading in your hands.
“The capital market too comes with inherent risks and individuals must exercise due diligence before making investments. Phones have become a convenient tool in the investment process and individual investors rely heavily on it. There is a need to enhance investor’s awareness of the risk posed by technology. Today cybersecurity and threats to tech resilience have emerged as the biggest threat in the capital markets and are giving sleepless nights to the stakeholders,” – Securities & Exchange Board of India (SEBI) Whole Time Member Ananth Narayan Gopalakrishnan said at a summit.
Unlike traditional brokers, these low-cost brokers skip the extras like investment advice and research reports. But, they’re experts in technology and market trends, always staying ahead of the game. Discount brokers charge over 60% less than full-service brokers. And they give free trading software to all their customers.
Top Stockbrokers Based on Active Clients
Impact of Discount Brokerages
Discount brokerage platforms have significantly reformed the landscape of stock market participation in India. With their competitive pricing models and high technology, they have opened up new opportunities for retail investors like never before.
As of December 2023, Zerodha has the largest client base with over 64 lakh clients, which is about 20% of the total Demat account holders in India. Second, comes Groww with a 53 lakh client base which is 16% of the total numbers. These figures underscore the growing popularity of discount brokerage platforms among retail investors.
These discount brokerages have empowered a new generation of investors, including millennials and first-time traders, to engage actively in the stock market. As a result, the stock market has seen a surge in retail participation, with a significant portion of trading volumes attributed to individual investors using discount brokerage platforms.
Overall, discount brokerage firm’s innovative approach to pricing and technology has made stock trading more accessible and affordable, paving the way for a more inclusive and dynamic market ecosystem.
How Did It Begin?
The discount brokerage industry in India started to gain momentum in the early 2010s with the emergence of online discount trading platforms, led by Zerodha, which was the first to offer flat-fee trading services.
Since then, several other players have joined the market. Here are some of the prominent players, who have helped the common man dive into the stock market:
Zerodha
Established in 2010, Zerodha is one of the largest discount brokerage firms in India. It pioneered the concept of discount brokerage in the country and has since grown exponentially, capturing a significant market share with its low-cost trading platform and innovative offerings.
“We just introduced two new cool features on @zerodhaonline Console: Timeline and Stock Insights, both powered by @Tijori1,” Zerodha online CEO and Founder Nithin Kamath said in a tweet on February 13.
We just introduced two new cool features on @zerodhaonline Console: Timeline and Stock Insights, both powered by @Tijori1.
Timeline
If you invest in stocks, tracking all the events that can affect your investments and developments in one place is hard. You’ll have to switch… pic.twitter.com/THAPk7e4y2
Post of Nithin Kamath (Founder & CEO of Zerodha) on X
Upstox
Upstox (formerly RKSV Securities) is another leading discount brokerage firm known for its low brokerage fees, advanced trading platforms, and robust technology infrastructure. It has gained popularity among retail investors for its user-friendly interface and competitive pricing.
5paisa
Launched in 2016, 5paisa is a disruptive player in the discount brokerage space, offering a wide range of financial products and services at competitive rates. With its emphasis on digital innovation and customer-centric approach, 5paisa has emerged as a formidable competitor in the market.
Angel Broking
While traditionally a full-service brokerage, Angel Broking has adapted to the changing market dynamics by introducing discount brokerage services under its Angel Broking Prime brand. It offers discounted brokerage plans and advanced trading platforms to cater to the evolving needs of investors.
Groww
Groww is a fintech platform that started as a mutual fund investment platform but has since expanded its offerings to include discount brokerage services. With its user-friendly interface and zero-commission trading model, Groww has attracted a growing base of retail investors.
These discount brokerage firms, along with others in the market, have disrupted the traditional brokerage model by offering low-cost trading solutions, innovative technology platforms, and a customer-centric approach. Their emergence has widened stock market participation, empowering retail investors and challenging established players in the industry.
Here are the key differences between traditional brokers and discount brokers:
Feature
Full-Service Broker
Discount Broker
Services Provided
Offer a wide range of services including research, advisory, and portfolio management
Typically provides basic trading services with limited research and advisory support
Brokerage Fees
Charge higher brokerage fees and commissions
Charge lower brokerage fees, often flat-rate or based on transaction volume
Investment Minimums
Often require higher minimum investment amounts
Have lower or no minimum investment requirements
Trading Platforms
Provide advanced trading platforms with additional features
Offer simple, user-friendly trading platforms
Customer Support
Offer personalized customer support and dedicated relationship managers
Provide basic customer support with limited personalization
Investment Advice
Offer investment advice and recommendations
Provide minimal investment advice and recommendations
Additional Services
Offer add-ons such as wealth management and financial planning
Typically do not offer additional services beyond trading
Why Are Discount Brokerage Firms Becoming the Preferred Choice for Retail Investors?
Low-Cost Advantage: Discount brokers offer the lowest brokerage charges compared to full-service brokers. This cost-efficient model allows traders to convert trades into profits with a lower Break-even Point (BEP), making investing more accessible to a wider audience.
Online Trading Terminal: One of the hallmarks of discount brokerage firms is their centralized online trading terminals. These platforms provide investors with user-friendly interfaces and real-time market data and analysis, empowering them to manage their investments wisely and efficiently. Moreover, these services are often provided free of cost, enhancing the overall trading experience.
Unbiased Offerings: Regardless of the investor’s size or investment portfolio, discount brokers provide equal access to securities. This unbiased approach ensures that all clients have access to the same investment opportunities, leveling the playing field for both individual and institutional investors.
Low Transactional Costs: Discount brokers leverage their high trading volumes to offer lower transaction costs to clients. This cost-saving benefit enables investors to execute trades more frequently without incurring substantial fees, thereby maximizing their long-term potential returns.
Transparency: Transparency is paramount in the discount brokerage model. These firms offer clients 100% transparency in their costs, providing access to brokerage calculators, margin calculators, charges sheets, and trade confirmations. This transparency fosters trust and confidence among investors, more retail participation, and enables them to make informed and unbiased decisions.
Client Education: Education is key to success in the stock market, and discount brokerage firms recognize this. They offer a wealth of online educational resources, including video tutorials and market insights, to empower clients with the knowledge needed to navigate the financial markets effectively. For Example: Zerodha Varsity stands out as a market leader in investor education, offering a comprehensive collection of financial resources. Similar to Zerodha Varsity, Upstox Learning Centre is dedicated to providing fundamental lessons to investors. Groww’s Blog is another platform that pursues a similar strategy of educating investors by offering insightful articles and market analysis.
Financial Education: In India, financial literacy is very low. People are hesitant to invest in the stock markets, they usually prefer investing in traditional investment tools like the fixed deposit and provident funds. But brokerage firms have broken this norm and addressed the status quo, by providing comprehensive educational resources and empowering users with valuable knowledge. These platforms are transforming the way investors approach the markets. With access to these educational platforms, investors can equip themselves with the skills and insights needed to navigate the complexities of the financial world confidently.
No Misleading Practices: Unlike some full-service brokers, discount brokerage firms refrain from setting brokerage or third-party product sales targets for their employees. This commitment to integrity ensures that clients receive unbiased advice and recommendations tailored to their individual investment goals.
Paperless Account Opening: With the convenience of Aadhar Number verification, discount brokers offer seamless and paperless account opening processes. Investors can open online trading accounts in a matter of minutes, eliminating the need for cumbersome paperwork and expediting the onboarding process.
No Minimum Brokerage: Unlike full-service brokers, discount brokerage firms do not impose minimum brokerage charges. This means that even investors trading in penny stocks or smaller volumes can benefit from the low-cost advantages offered by discount brokers.
Flat Brokerage Charges: Discount brokers charge flat brokerage fees, such as Rs 20 per trade (Zerodha’s leading discount brokerage charges for Futures & Options), irrespective of the trade volume. In contrast, full-service brokers typically charge based on a percentage of the trading volume, resulting in higher costs for investors.
The drive for financial inclusion in India, the digitalization of the economy and the emergence of discount brokers have led many people to opt for fishing in the stock market. The surge in Demat account registrations has been propelled by the competitive brokerage rates and streamlined onboarding procedures facilitated by digital brokerage platforms.
The digital economy’s share of India’s GDP has grown significantly, rising from around 4-4.5% in 2014 to a projected over 20% by 2026.
Currently, only about 7-8% of Indians have Demat accounts. The number of Demat accounts has increased to 14 crore accounts as of January 2023. Finance experts are of the view that the number of Demat accounts in India will cross the 25 crores milestone by the year 2030.
In December 2023, there was a surge in new investor accounts, with nearly 4 million opened with the Central Depository Services (CDSL) and an additional half a million with the National Securities Depository (NSDL), it reflects a notable increase in interest and participation in the stock market.
“India is the fastest growing economy in the world. Our capital markets are also performing well. We exceeded the $4 trillion market cap for NSE. And the number of Demat accounts has grown up to more than 14 crores. It is important to become prosperous, not only in our immediate future but in the long-term we invest in the market infrastructure, and provide opportunities for all citizens in our region to reach their potential. The retail participation from urban and rural India in capital markets has been growing strongly with more and more SIP (systematic investment plan) accounts as well as direct investments clearly indicating the growth of the economy,” said Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said in an Assocham event on February 19.
Overall, discount brokerage firms have emerged as a game-changer in the world of investing, offering cost-effective solutions and empowering investors to take control of their financial future.
Leading Equity Brokerage Firms in India in Financial Year 2022, by Number of Active Clients
Impact on Market Dynamics
The influx of retail investors facilitated by discount brokerages has significantly altered market dynamics. Increased retail participation has led to heightened trading volumes and market volatility, influencing stock prices and the overall market sentiment.
With the help of low-cost brokerage firms, more people are starting to invest in the stock market. This is happening for a few reasons. First, there aren’t as many good places to save money anymore, and interest rates are meager.
Furthermore, the democratization of investing has empowered individuals from diverse backgrounds and mindsets to engage with financial markets, fostering a more inclusive and dynamic trading environment.
Challenges and Opportunities
While discount brokerage brings undeniable benefits, it also presents challenges and opportunities for market stakeholders. Traditional brokerage firms are forced to adapt or risk becoming obsolete in the face of intensified competition. Regulatory bodies must navigate the evolving landscape to ensure investor protection and market integrity. Meanwhile, innovative fintech startups are seizing the opportunity to disrupt the market further, introducing novel technologies and services to cater to evolving investor needs.
Conclusion
The impact of discount brokerage on India’s stock market is undeniable, with far-reaching implications for investors, market participants, and regulatory bodies alike. As the industry continues to evolve, stakeholders must embrace change and seize the opportunities presented by this transformative shift. With innovation and adaptability, India’s stock market is primed to thrive in the era of discount brokerage.
Key Takeaways
A discount broker is a stockbroker who carries out stock transactions (buy and sell orders) with less or no commissions.
Discount brokers do not provide the personalized investment advice or guidance provided by a full-service broker.
Discount brokers offer low-cost trades, online account management, research tools, and educational resources.
Discount brokers comprise a large section of the fintech industry.
Don’t think too much…join the revolution and start trading smarter with discount brokerage firms today!
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Savart.
Everyone yearns to make money and get rich. But, you simply cannot become wealthy with that increased paycheck. It all boils down to wealth management. Dave Ramsey rightly says, “money moves from those who do not manage it to those who do.” Money management, however, is not so simple. It requires knowledge, observation, expertise, and patience.
Savart, a fintech startup by Sankarsh Chanda,is here to simplifyinvestment managementfor you. Savart combines computing accuracy with the best of human intelligence. Savart advises over 100 crore rupees in assets and works with clients from over 30 countries. (As of January 2020)
This ensures easy, safe, and profitable investments through its award winning research methods. StartupTalky interviewed Savart CEOSankarsh Chanda, who started the company when he was just 18!
Savart is a wealth management platform that simplifiesinvesting in mutual funds, stocks, and bonds both online and offline. Savart combines machine accuracy and human intelligence to help its customers invest in stocks and mutual funds wisely. The company has a research team that does paper-based analysis, meets the management of listed entities, talks to dealers, suppliers, and customers to find out the strength of the entities/firms and take investment decisions accordingly.
Upon signing on its platform, Savart prompts the users to fill an EFG (Emotional Financial General) form. After the EFG analysis, Savart suggests suitable investment options for the user based on their needs and expectations. The user can also manually research and invest in instruments without any guidance. There is the option for users to choose investment goals and Savart then shows combinations of mutual fund, SIP, and STP plans for achieving these goals.
Savart’s services include:
Suggesting investment portfolios based on one’s needs, goals, risk appetite, etc.
Facilitates subscription and redemption of units by transmitting user’s money and instructions to AMCs based on instructions given by the users.
Securing user’s personal and financial transactions related data.
Lets the users track their investments.
Facility to undertake ‘KYC’ requirements.
One can also access Savart’s services through the Savart app. The app is available for both android and ios as well as on the web. The Savart apphas several interesting features and has received positive reviews from customers. One such feature is ‘round-up’. Through this facility, Savart stacks up its customers’ savings with loose change from every transaction and on the accumulation of a certain amount, the savings are invested into ETFs.
Savart strives to provide uncompromising advice and research to individuals and institutions irrespective of their quantum of investment. Savart envisions itself as an end-to-end investment services company that helps people realize their dreams & passion. Savart has its office in Hyderabad.
Savart – Industry Details
The asset management industry in India is one of the fastest growing segments in the world. Corporate investors AUM (Asset Under Management) stood at US$ 127.65 billion, while HNWIs (High Net Worth Individual) and retail investors reached US$ 99.05 billion and US$ 82.03 billion respectively in December 2018. India is among the top five countries in terms of HNWIs in the Asia-Pacific region.
The wealth management industry is likely to grow at 10-15% in the next five years.
Sankarsh founded Savart in 2017 when he was only 18 years old. He is a certified Research Analyst, investor, author and fund manager. Sankarsh’s book Financial Nirvana that he wrote when he was just seventeen, explains the art of investment and how to profitably manage one’s hard earned money.
Other core members of the Savart team are:
Aditya Ranade (Chief Investment Officer): Aditya worked with companies like RBS & Morgan Stanley before joining Savart.
Sridhar Vetapalem (Chief Financial Expert): He has 15+ years of fund management expertise.
Taruni Chandrasekhar (CFO): Taruni is a Chartered Accountant and Chartered Financial Analyst.
Pavan Kumar Kotamurthy (Research Analyst –Head): He is a Registered Investment Adviser, Research Analyst, MFD & ED certified, and was with NISM before joining Savart.
Prakash Raju (Rural Operations Head): He has 20+ years of expertise in rural marketing.
Savart – The Idea And Launch
The ideation happened when Sankarsh was only 14 years old. He read an article on“value investing” by Benjamin Graham which stressed on the importance of picking stocks trading for less than their intrinsic value for a profit opportunity. Sankarsh found the idea of value investing interesting and wanted to experiment with it. He convinced his elder sister and started trading through her Demat account. It began with just Rs 2000 that he got as a scholarship and saw his bets pay off quickly. Sankarsh continued thoroughly studying market trends and the balance sheets of different companies to build on his knowledge.
It was never an idea to startup or set up a company. It was a simple idea to give investment advice, build investment strategies and invest; over time, the idea of doing this at a scale and combining my philanthropic interests gave birth to Savart. – Savart founder,Sankarsh Chanda.
Sankarsh started freelancing and drawing investment strategies for individual clients when he was just 16 years old. He was seventeen when the Savart founder published his first book, Financial Nirvana. Meanwhile, Sankarsh joined the B.Tech. course in Bennett University, Greater Noida.
Ajay Batra, the Director of the Center of Innovation and Entrepreneurship at Bennett university gave Sankarsh the confidence to start his venture. Sankarsh invested the money he earned through various investments for launching Savart. He interviewed about 400 people from diverse economic backgrounds to understand customer requirements better before working on Savart.
Savart – Name, Tagline, and Logo
Savart stands for ‘The Art of Savings’.
Savart Logo
The reason we give importance to saving in our name is because it is the fundamental requirement before beginning to invest. And we believe it sounds good too. – Savart founder,Sankarsh Chanda.
Savart’s tagline is ‘Dream Up.’ The tagline is a reflection of Savart’s commitment to helping people ‘live’ better dream bigger. Savart helps to make quick money in the share market. The company’s aim is to help people realize their dreams and passion. The current logo was finalized upon after some iterations and wasn’t a one-time outcome.
Savart’s services range from financial planning to investment advice and goal planning. Savart follows a simple revenue model; for the services provided, customers are charged as per the following plans:
For Investments between zero to 4,00,000, the charges are Rs.1299/- per annum.
For Investments exceeding INR. 4,00,000 , the charge comprises 0.5%(upfront fee)+ 3% of pre-tax net profits(performance fee).
The company charges 1-2% as commission for mutual fund investments.
Savart – Customer Acquisition
Savart’s initial set of customers came from the team’s families and business connects obtained through referrals. Constant communication with the clients, keeping them in the loop, regular feedback collection, and constant improvements to its online platforms are some of the measures Savart takes to retain customers and uphold client satisfaction.
Savart – Funding
Raising funds has been an enriching experience for the Savart team, as said my Sankarsh. On May 6, 2018, Savart raised $100K in funding. Savart raised seed funding of $544.9K in November, 2021.
Date
Stage
Amount
Investor
May 2018
Pre-seed
$100K
Undisclosed
November 2021
Seed
$544.9K
BEENEXT, Yatra Angel Network
Savart – Challenges
Investing in people and finding the right talent has been a pain-point. Savart has upskilled several individuals to get the maximum out of its team as well as to help its employees move up the progress ladder. Sankarsh mentions that like every other startup, Savart also has downtime and that’s when the team needs some extra motivation. The customer first mindset uplifts everyone in times of distress.
During our meetings, we have an empty chair and assume our customer is there, watching us work. This makes sure that we don’t get distracted or demotivated. – Savart founder,Sankarsh Chanda.
The company never fails to celebrate milestones, no matter how big or small. These include feature release, team member induction, and positive customer feedback among others. Reaching out to the masses and help them invest and make money is Sankarsh’s personal motivation booster.
Savart seeks inspiration from different entities; it is inspired by companies like Zerodha in terms of reach and services, by the likes of Oaktree capital management in terms of their investment research and quality of the team. However, Savart differentiates itself from others through its deep-tech research, customer experience, and the niche customer segments it targets.
Savart – Achievements
Some significant achievements include:
Savart sold mutual funds worth Rs 3.5 crores and stocks worth Rs 2 crores within a month of launching its online platform.
The company is managing an AUM of around 100 crores.
Savart was featured as one of the most promising fintech startups in the world by Burnmark, London.
Delhi – NCR TiECoN’s QGLUE Design Entrepreneur of the Year
Savart – Partners
Savart has partnered with Bombay Stock Exchange for mutual funds. It is also licensed as a Registered Investment Advisor by SEBI.
Savart is not a broker. So, it has partnered withUpstox, a Mumbai based discount broking firm , for final transactions. Savart is looking forward to partnerships with some other digital brokers. The startup is also in touch with banking correspondents to enhance its offline presence.
According to Sankarsh, a mentor is one who adds direction and motivation to the business, offers continuous constructive criticism, and helps build the right culture for the organization. Savart is being mentored by the following experts:
Ajay Batra: Mentor and Business Adviser, Director Bennett Hatchery, ex-Citibank. It was Mr. Batra who gave Sankarsh the confidence and support to think of entrepreneurship, and is mentoring Savart since day one. Sandeep Kataria: Ex-Marketing Head, Voonik and CureFit. Hemkumar Vajjha: Chief Technology Adviser MD, Impetus Solutions. Venkat: Development Head – Tech, Impetus Solutions, 25+ years of tech expertise.
Savart – Future Plans
Savart is all set for expansion and growth. Savart’s major bucket list items for the future are:
Opening offline stores.
Installing automated investment machine. The machine will be set up as an offline kiosk and users will be able to make investments using a debit card or cheque.
Making the Savart platform available in languages like Hindi, Telugu, and Gujarati.
Savart – FAQs
Who is the CEO of Savart?
Sankarsh Chanda is the Founder & CEO of Savart.
How much is the Net worth of Savart?
Savart net worth is 100 crore rupees in assets (As of January 2020).
What is Savart?
Savart is a wealth management platform that simplifies investing in mutual funds, stocks, and bonds both online and offline. Savart combines machine accuracy and human intelligence to help its customers invest in stocks and mutual funds wisely.
Who is Sankarsh Chanda?
Sankarsh Chanda is the Founder & CEO of Savart. He also launched Stardour – a SpaceTech company.
Indian Premier League is considered and seen more like a festival in India than just a cricket tournament. This sporting event creates a lot of joy and enthusiasm in the country. It is a cricket tournament which is conducted every year in the country between certain cricket clubs.
With the 14Th edition of IPL is just around the corner, Let’s look at the sponsors of IPL 2021.
List of All the Brands that are Sponsoring IPL 2021
Title Sponsor of IPL 2021
Vivo
Vivo is the title sponsor of the tournament. Last year due to the Indo-China issues the Title sponsor was removed from the list. This year the smartphone company is back as the title sponsor of IPL 2021 and it will be called as Vivo IPL 2021.
Vivo is the Title sponsor of IPL 2021
Tata Safari
Tata Motors is one of the biggest car manufacturing company of India. Tata has sponsored their new car Tata Safari for the top players to win this season of Vivo IPL 2021.
Media Rights of Vivo IPL 2021
Star Sports
Star Sports have the media rights for the tournament. This means that you can view the match only through the channels of the star media company. This year Star Sports have signed 14 sponsors for Vivo IPL 2021.
Dream 11 is an Indian-based fantasy sports platform. Dream 11 is the first Indian gaming company to enter into the Unicorn Club. The company was founded in the year 2008. The platform lets you play fantasy football, cricket, hockey, basketball, and many other games. Dream 11 is one of the co-presenting sponsors of Vivo IPL 2021.
Byju’s
Byju’s is an Indian-based Multinational ed-tech company. The company is located in Bangalore. It was founded in the year 2011. Byju’s is the world’s most valuable ed-tech company. Byju’s was a sponsor of IPL 2020 as well. They are also the co-presenting sponsors of Vivo IPL 2021.
PhonePe
PhonePe is an Indian financial technology and payments company. PhonePe is also headquartered in Bangalore India. The company was acquired by the e-commerce firm Flipkart. The company was founded in the year 2015. PhonePe is one of the co-presenting sponsors of Vivo IPL 2021.
Justdial
Justdial is a company that helps you to search for different services in India. The company was founded in the year 1996 and is located in Mumbai. Justdial is also one of the co-presenting sponsors of Vivo IPL 2021.
Co-powered Sponsors of IPL 2021
Upstox
Upstox is one of the largest stockbrokers in the country. They are a discount stockbroker which is backed by Ratan Tata. Upstox is one of the co-powered sponsors of Vivo IPL 2021.
Vimal Elaichi
Vimal Elaichi is considered to be a product used as a mouth freshener. They are also signed up as one of the co-powered sponsors of Vivo IPL 2021.
Bingo is a brand of ITC limited. ITC is an Indian MNC which is headquartered in Kolkata. ITC has a wide range of products and brands under them. Bingo is one of the brands under ITC which provides packaged chips. Bingo is one of the associate sponsors of Vivo IPL 2021.
Cred
Cred is aa Indian-based mobile application which lets you pay your credit card bills. It was started in the year 2018 and is located in Bangalore. Cred is one of the associate sponsors of Vivo IPL 2021.
Havells Fans
Havells is an Indian-based electronic equipment manufacturing company. Havells fans is a brand under Havells that manufactures and sells fans. Havells fans is also one of the associate sponsors of Vivo IPL 2021.
Garnier Men
Garnier is a cosmetic brand of L’Oréal. It is a French based cosmetic company. Garnier Men is a brand which manufactures products for men which include facewash, shaving creams, etc. Garnier Men is also one of the associate sponsors of Vivo IPL 2021.
Kamla Pasand
Kamla Pasand is a brand that sells pan masala. They are famous for their tagline which is Anokha Swaad. They are also one of the associate sponsors of Vivo IPL 2021.
Association of Mutual Funds in India (AMFI)
Association of Mutual Funds in India (AMFI) is an organization in India which maintains the industry standards in the Mutual Funds sector of the country. AMFI was established in the year 1995. AMFI is one of the associate sponsors of Vivo IPL 2021.
Frooti
Frooti is a mango flavored drink that is sold in India. It is manufactured under the company Parle Agro. Frooti was launched in the year 1985. It is one of the successful products manufactured by Parle Agro. Frooti is one of the associate sponsors of Vivo IPL 2021.
Pharmeasy
Pharmeasy is an Indian company which involves in the delivery of pharmaceutical products such as medicines. They have signed up as one of the associate sponsors of Vivo IPL 2021.
Livspace
Livspace is an Indian company that involves in interior designing and renovation. The company was founded in the year 2014. They have also signed up to be one of the associate sponsors of Vivo IPL 2021.
Swiggy
Swiggy is an online food ordering and delivery app. It is India’s largest food delivery app. The company was founded in the year 2014 and is located in Bangalore. Swiggy is one of the associate sponsors of Vivo IPL 2021.
Parle Agro
Parle Agro is an Indian MNC. They own the brands such as Frooti, Appy, Hippo, Bailey, and many more. They have signed up to be one of the associate sponsors of Vivo IPL 2021.
Unacademy
Unacademy is an Indian online educational technology company. It was started as a YouTube channel and later launched as a company in the year 2015. Unacademy is one of the associate sponsors of Vivo IPL 2021.
Asian paints is an Indian MNC. They are involved in the manufacturing, selling, distribution of paints. They are also involved in coating, home décor, etc. The company was founded in the year 1942. Asian paints is one of the new sponsors joining the list this year.
Thumps Up
Thums Up is a soft drink company that was launched in India under the brand Cola. It was first introduced in the year 1977, later the company was re-launched by Coco-Cola to compete with Pepsi. Thums Up is also a sponsor for Vivo IPL 2021.
Vodafone-idea
Vodafone Idea is a telecommunication company which is located in Mumbai. Both the company runs the business together under one brand Vi. They are also a sponsor of the 2021 Vivo IPL.
Mondelez
Mondelez is an American MNC which is located in Chicago. The company deals with food, confectionery, beverage, snacks, etc. They are also a new sponsor of the 2021 Vivo IPL.
Amazon Prime
Amazon prime is an OTT platform that is run under the e-commerce giant Amazon. It is one of the most common OTT platforms used by Indians and other people across the globe. Amazon Prime is also one of the sponsors of the 2021 Vivo IPL.
Groww
Groww is an Indian-based platform. The company provides a platform for online investments. The platform has more than 10 million registered users. It is one of the growing mobile platforms in the Finance and Insurance Industry of the country. They are also a sponsor of Vivo IPL 2021.
Disney + Hotstar
Disney + Hotstar is an OTT platform in India. They also have the media rights which will let you watch the live matches on their platforms if you have a VIP or premium subscription.
The platform has signed 10 sponsors for IPL 2021. They have signed up some common sponsors such as PhonePe, AMFI, and Dream 11. The other companies which have signed up have been mentioned below.
Mumbai Indians Sponsors
DHL Express
DHL express is an international courier packaging and express delivery service company. DHL express will be one of the principal sponsors of Mumbai Indians and they will also be backing the team this season.
Samsung
Samsung is the famous smartphone manufacturing company. It is one of the companies which has a major share in the smartphone market of India. Samsung is also one of the principal sponsors of Mumbai Indians
Jio
Jio is a telecommunication company which operates under Reliance Industries. Jio is one of the largest and top most telecom company in India. Jio is the principal sponsor of Chennai Super Kings, Rajasthan Royals, Kings Punjab and Sunrisers Hyderabad. The company is also one of the associate sponsors of Mumbai Indians, Royal Challengers Bangalore,
Astral Pipes
Astral Pipes is an Indian based pipe manufacturing company. It is one of the best pipe manufacturing company in the country. Astral Pipes is also one of the associate sponsors of Mumbai Indians, Royal Challengers Bangalore,
Marriot Bonvoy
Marriot Bonvoy is a chain of hotels. It has a presence globally and it is one of the largest hotel chain company in the world. Even Marriot Bonvoy will be one of the associate sponsors of Mumbai Indians.
Official Partners of Mumbai Indians
USHA, Dairy Milk, Kingfisher Calenders, Mai Dubai, Colgate, William Lawson’s Music CDs, Dream 11, MakeMyTrip, Kotak, Performax, ESA, Radio City 91.1 FM, Fever 104 FM, Boat and DNA Networks are the official sponsors of Mumbai Indians for Vivo IPL 2021.
BKT tyres
BKT tyres is one of the tyre manufacturing company which is located in Mumbai, India. They will be one of the companies backing the Mumbai Indians, Royal Challengers Bangalore, team this season. They are also the associate sponsors of Chennai Super Kings
PhonePe
PhonePe will be one of the companies backing the Mumbai Indians, Royal Challengers Bangalore this season.
Royal Challengers Bangalore Sponsors
Muthoot Fincorp
Muthoot Fincorp is a subsidiary company of Muthoot Blue. Muthoot fincorp provides financial services. They are the title sponsors of RCB for the 2021 IPL season
Puma
Puma is a MNC which manufacturers sports apparels, casual and sports shoes. They are one of the principal sponsors of RCB for the 2021 IPL season.
Myntra
Myntra is an Indian-based e-commerce platform. Myntra was acquired by Flipkart an Indian-based e-commerce giant. Myntra is also one of the principal sponsors of RCB for the 2021 IPL season.
Exide
Exide is an Indian-based battery storage manufacturing company. They also provide life insurance services. Exide is also one of the principal sponsors of RCB for the 2021 IPL season.
Nuvoco DP World
Nuvoco DP world is a logistics company. The company is based in Dubai, United Arab Emirates. Nuvoco DP World is one of the principal sponsors of RCB for the 2021 IPL season.
MPL
Mobile Premier League (MPL) is a mobile application. It is one of the e-sports platform of India. MPL is one of the associate sponsors of RCB. MPL is also a principal sponsor of Kolkata Knight Riders.
MAX Life Insurance
Max Life Insurance is an Indian-based company that provides insurance services. It is one the largest insurance company in India. Max Life Insurance is one of the associate sponsors of RCB.
Lifebuoy
Lifebuoy is a brand which manufactures soap under the company Hindustan Uniliver Limited. Lifebuoy is also one of the associate sponsors of RCB.
Official Partners of Royal Challengers Bangalore
MakeMyTrip, Kingfisher Calenders, MediBuddy, DNA Networks, Mai Dubai, MILO, ON – Optimum Nutrition, Swiggy Instamart, EUME, boat, NVY, Royal Challengers Sports Drink, iB Cricket, Dark Fantasy, Dava India, and Rainbow Milk are the official sponsors of Royal Challengers Bangalore for Vivo IPL 2021.
Chennai Super Kings Sponsors
India Cements
Indian Cements is an Indian-based cement manufacturing company. The company is headed by N. Srinivasan who is the former Chairman of International Cricket Council. Indian Cements is the principal sponsor of CSK.
The Muthoot Group
The Muthoot Group is an Indian-based multinational Conglomerate. It is located in Kochi, Kerala. The Muthoot group is the principal sponsor of CSK.
Clear Shampoo
Clear is a brand under the company Uniliver which manufactures anti-dandruff shampoo. Clear is also one of the principal sponsors of CSK.
Nippon Paint
Nippon Paint is an Indian-based paint manufacturing company. The company was founded in the year 1881. Nippon Paint is one of the principal sponsors of CSK.
Dream11
Dream 11 is an associate sponsor of CSK for Vivo IPL 2021. They are also principal sponsor of Kings Punjab and Sunrisers Hyderabad.
EUME
EUME is a lifestyle company under Avon Lifestyle Pvt. Ltd. EUME is also an associate sponsor of CSK for Vivo IPL 2021.
Equitas
Equitas small finance bank is a bank which is located in Chennai. Equitas Small Finance bank is also an associate sponsor of CSK for Vivo IPL 2021.
Boost
Boost is an energy drink company which was established in the year 2001. Boost is one of the associate sponsors of CSK for Vivo IPL 2021.
Mai Dubai.
Mai Dubai is a bottled water plant which is located in Dubai. Mai Dubai is one of the associate sponsors of CSK for Vivo IPL 2021.
Official Partners
Muthoot Precious Metals Corporation, Nasher Miles, Cover It Up, Levista, The Souled Store, Sonata, FanPlay IoT, iB Cricket, Lupisafe, Hello FM, NAC Jewellers, Lilliputian Hub, boat, ASAP, SEVEN, Fast&Up, NOVA, Fever FM, Kaadoo are the official sponsors of Chennai Super Kings for Vivo IPL 2021.
Delhi Capitals Sponsors
EbixCash
EbixCash is one of the leading financial exchanges in India. EbixCash is one of the principal sponsors of Delhi Capitals. They are also the title sponsor of Kings Punjab.
JSW Group,
JSW cement is a subsidiary company of JSW group which is located in Mumbai. JSW cement is involved in the manufacturing and distribution of cement. JSW is also one of the principal sponsors of Delhi Capitals.
APL Apollo Steel Pipes.
Apollo Steel pipes is a brand under Apollo which is involved in the manufacturing of pipes. Apollo pipes is also one of the principal sponsors of Delhi Capitals.
Official Partners
Colgate, Bodycare, Nissan, Dream11, Kotak, BKT, boat, Coca Cola, Jio, acko, OkCredit, BondTite (Astral Adhesives), Livinguard, and FanCode Shop are the official sponsors of Delhi Capitals for Vivo IPL 2021.
Rajasthan Royals Sponsors
Expo 2020 Dubai
Expo 2020 is a world expo that is hosted in Dubai, United Arab Emirates. Expo 2020 Dubai is the Principal sponsors of Rajasthan Royals.
Nine Sanitary Napkins
Nine Sanitary Napkins is a leading brand for female menstrual products. They are one of the principal sponsors of Rajasthan Royals.
TV9 Bharatvarsh
TV9 Bharatvarsh is a channel which comes under the company TV9. They are also one of the principal sponsors of Rajasthan Royals.
KEI Wires & Cables
KEI Wires and Cables is an Indian-based wires and cable manufacturing company. KEI Wires and Cables are also the KEI Wires & Cables
Colgate
Colgate is a toothpaste brand of India. Colgate is the associate sponsor of Rajasthan Royals.
BigBasket
BigBasket is an Indian-based online grocery delivery service. BigBasket is also one of the associate sponsors of Rajasthan Royals.
Official Partners
Kingfisher, Dream11, BKT, Yellow Panther, Sportz Interactive, ia (Interactive Avenues), epiphany, UAE City 1016, Big FM 92.7, Fandom, FanCode Shop, The Souled Store, Gully and PLUS are the official sponsors of Rajasthan Royals for Vivo IPL 2021.
Kings Punjab Sponsors
Royal Stag Music CDs
Royal Stag is an Indian-based Whisky brand which was launched in 1995. Royal Stag Music CDs comes under the company Royal Stag. They are one of the principal sponsors of Kings Punjab.
Fena Detergent
Fena detergent is a brand which comes under the company Fena. Fena detergent is involved in the manufacturing of detergent products. They are also one of the principal sponsors of Kings Punjab.
Boat
Boat is an Indian-based consumer audio and lifestyle brand. Boat is a principal sponsor of Kings Punjab.
Official Partners
Stylam, BKT, Colgate, CocaCola, FanCode Shop, T10 Sports, and Kingfisher Premium are the official sponsors of Kings Punjab for Vivo IPL 2021.
Kolkata Knight Riders Sponsors
Official Partners
Mai Dubai, Kingfisher Calander, BKT, iB Cricket, Lux Cozi, TV9 Bharatvarsh, Astral Pipes, JIO, Royal Stag Music Cds, Greenply, Colgate, Suniti Industries Ltd, Boat, Cricfig, Fanhood, The Souled Store, Gully and Medimix are the official sponsors of Kolkata Knight Riders for Vivo IPL 2021.
Sunrisers Hyderabad Sponsors
JK Lakshmi Cement
JK Lakshmi Cement is a brand under JK organization which involves in the manufacturing and marketing of cement. JK Lakshmi Cement is the title sponsor of Sunrisers Hyderabad.
TCL
TCL is a Chinese-based electronics company. It is one of fastest growing electronics company. TCL is one of the principal sponsors of Sunrisers Hyderabad.
Ralco Tyres
Ralco Tyres is one of the best tyre manufacturing company in India. They produce a wide range quality tyre. Ralco tyres are one of the principal sponsors of Sunrisers Hyderabad.
Valvoline
Valvoline is an Indian-based company which provides engine oils that is fully synthetic and the best diesel fuel additive. Valvoline is also one of principal sponsors of Sunrisers Hyderabad.
Nerolac paints
Nerolac paints in an Indian-based paint manufacturing company. It is the largest paint manufacturing company and the third largest decorative paint company in India. Nerolac Paints is also one of the principal sponsors of Sunrisers Hyderabad.
Official Partners
Jai Raj Steel, Colgate, Kotak Bank, Spektacom, FanCode Shop, Tyka, iB Cricket, Tenali Double Horse and Mai Dubai are the official sponsors of Sunrisers Hyderabad for Vivo IPL 2021.
FAQ
Who sponsored first IPL?
DLF sponsored first IPL 500 million Indian rupees between 2008 and 2012.
Who is the title sponsor of IPL 2021?
The title sponsor of IPL 2021 is Vivo.
Is IPL 2021 Cancelled?
No, IPL 2021 will be played at six venues in India, which is scheduled between April 9 and May 30.
Conclusion
These are the companies and brands which have signed up to be the sponsors of this year’s IPL. Sanjog Gupta, Head – Sports, Star India, had said that “Vivo IPL 2021 is returning to Indian soil with a lot of anticipation across the country” while launching the IPL campaign on 15 March 2021.
Stock Market investments are always considered to be very complicated and hence a lot of people stay away from it. Nowadays with the launch of new mobile applications stock market investing have been made much easier. Let’s look at some of the best platforms to help you in stock market investing.
Zerodha Kite is one of the best stock market investment apps in India. It has a rating of 9.85 in the trading app segment. Zerodha was the first discount stock broker of India. Currently, it is the number 1 stockbroker in the country. The app has a user-friendly platform and it does not have a lot of information or resources which are unnecessary.
All the investments using Zerodha are free of brokerage which means that if you buy a stock and don’t sell it on the same day then you will not have to pay any amount for the purchase of the stock. It is one of the best apps for a beginner stock market investor.
Zerodha Website
If you are an investor who wants to research on your own and then invest in individual stocks you can choose Zerodha as your stockbroker. Zerodha also has a mobile application which is Zerodha Varsity.
This application provides you with education on the basics of stock market investing and the different subjects related to it. You can access their mobile application for free of cost.
Upstox
Upstox is a leading discount broker in the country. It has a mobile application through which you can invest easily into stocks which is Upstox Pro. Upstox was formerly known as RKSV technologies. The company is backed by Ratan Tata.
upstox Website
The charges of Upstox are similar to that of Zerodha. It is also a discount broker and is second in the market share of the stock market brokers in India. You can also choose Upstox as your stockbroker if you want to research on your own and then invest in individual stocks
Currently, you can open a Demat and trading account with Upstox for free of cost with various other benefits.
Groww
Groww is a mobile application you can consider if you are a beginner in Stock Market Investing. The platform provides an interactive and simple user interface. The application offers various resources such as blogs and learning videos that are related to mutual funds to help you in stock market investing in case you are a beginner.
Groww Website
Through the Groww application, you can easily invest in Index funds, Mutual funds, and various other stocks at a zero-commission rate. The platform provides an easy-to-use interface where you can track all your investments, total returns, and annual returns under one dashboard. You can also create an account easily with a one-step KYC process.
You can even start investing in mutual funds or Index funds through a Systematic Investment Plan (SIP) at a very low price of INR 100. All your transactions through the platform will be secure as it uses 128-bit SSL encryption. The mobile application is available for both Android and IOS users.
Smallcase is a mobile application that lets you invest in stock markets in a simple and easier way. If you are an individual who has no idea about stock market investing and has no time or interest to study about the stock market but wants to invest in it, then you can choose Smallcase for your stock market investments.
Smallcase will have a set of baskets from which you can choose. For example, if you believe that in the next few years the Electric Vehicle Industry is going to flourish then you can find a basket of stocks which are related to the Electric Vehicle industry in Smallcase. The basket can include EV car parts manufacturing companies, EV battery manufacturing companies, EV companies and so on.
smallcase Website
This makes it easier for any individual to invest into stock markets. Through Smallcase you can invest in the form of a SIP. You will have to link this application with your Demat account and all your stocks will be available in your Demat account according to your selected basket.
You can also edit the stocks in your basket and customize them according to your requirements. The fee is charged on a one-time basis that is INR 100 + GST is charged for all Smallcases that are for one basket of stocks.
Moneycontrol is one of the most famous stock research websites in India. The website provides all the information regarding charts, trends, news, commodities, futures, options, IPO’s and many more.
Their website is considered as a one-stop solution for tracking the share markets in India. You can get access to all the fundamental and technical data of a particular stock using this platform.
Their mobile application is available to Android, IOS, and Windows users as well. They have a pro version for their platform which costs INR 199 per month, INR 499 per year, and INR 1999 for 3 years.
FAQ
How do I start investing in the stock market?
To start investing in stock, Decide on how you want to invest in stocks, Know your goal for investment, Open an investing account i.e. demat and trading account, Set a budget for your stock investment, Learn about stock market basics.
What is the best stock to invest in for beginners?
The best stock to invest according to Nasdaq is Alibaba (BABA Stock Report), Alphabet (GOOGL Stock Report), Amazon (AMZN Stock Report), Apple (AAPL Stock Report), Disney (DIS Stock Report).
Who is the richest stock trader?
George Soros is considered as one of the richest active trader globally whose fortune is approximately 8.3 billion dollars.
Conclusion
You can use the above platforms for beginning your stock market investment journey. All the platform charges are reasonable compared to the other applications in the market. All the apps mentioned above can be used by a beginner-level stock market investor.
A stock market is a trading place where you can trade shares of companies. You can buy or sell a stock by people only if you can list it on an exchange. Hence, it is referred to as the meeting place of the stock buyers and sellers.
Nowadays, it is very essential for you to stay updated with every market movement. The stock marketing traders keep rising and falling on a daily basis and hourly, too. The stock market apps check the real-time streaming market price. Also a virtual portfolio, stock charts, and much more.
You will get your personal investment account, built by experts, spare change investments. Everyday investment, investment to get a bonus, and many more.
b. Acorns Personal
In the most popular tier, you will be unlocking the financial wellness system. You will get everything that comes with Lite: a retirement account and acorns spending.
Different accounts in the tiers:
You can save and invest every day by checking accounts. Invests spare change(if you wish to opt-in) and invest very little into a portfolio of ETFs. Acorns can rebalance your portfolio and help you to stay within its target allocation.
You can save for retirement by setting easy recurring contributions. Based on your goals, employment, and income, acorns recommend the right plan. Acorns have no overdraft fees, plus fees or any fee-reimbursed ATM access nationwide.
Diversified portfolios.
You can do rebalancing.
You will get access to found money partners to earn.
Accessible through mobile and web apps.
A dedicated support team supports investment.
You will get access to acorns later, which is an easy way to save for retirement.
You can get a debit card that saves, invests, and earns for you using the Acorns spend access.
Stash makes investing approachable for beginners. It has a $o account because Stash offers fractional investing. Depending on the account type, charges are $1 to $9 a month. Suppose you want a little hand-holding while building a portfolio for stocks and ETFs. Then, stash will be a good fit for you.
This stock market app offers other account options, too. You get the brokerage, bank accounts, and retirement account for $3 a month. There are also two custodial accounts, a metal debit card, and a turbocharged reward program. And a monthly investment research report for $9.
Stash is best for:
Investors who need guidance in selecting investments.
New investors.
Thematic or impact investors.
Pros:
It gives educational content and support.
It provides Fractional shares.
Investment offerings that are value-based.
Cons:
There is no investment management.
It has high ETF expense ratios.
Guide To Stock Market Shares
3. TD Ameritrade
TD Ameritrade’s best for this course offers you in-depth. And free analysis knowledge and portfolio-building steerage. $o commissions for the stock, options, and exchange-traded fund. You have got an alternative of 4 commercialism platforms. In November 2019, Charles Schwab announced the acquisition of TD Ameritrade. Meanwhile, this app continued to accept new accounts. That is emotional to him once the acquisition is finalised.
TD Ameritrade is best for:
It has beginner investors.
It additionally has advanced traders.
Investor education advice
It has a commission-free trade.
It has fund investors.
Pros:
It offers commission-free stock, ETF, and choice trades.
Free analysis.
It additionally has high-quality commercialism platforms.
E-trade gives you a library of educational resources and professional-level trading. And tools to help you assemble a risk-appropriate. It also gives you a $0 commission for all stock, ETF, and trade options. In February 2020, Morgan Stanley announced a $13 billion deal to sell E-trade.
Olymp Trade is the most popular online broker in the industry. It gives you the opportunity to trade in the following markets.
Stocks
Commodities
ETFs
Cryptocurrency
Benefits:
It gives attractive spreads.
Leverages of up to 1:400.
There are a variety of payment methods offered that are non-verified
It supported MT4.
It supports many languages.
You can give 77 assets to choose from.
It has a low least deposit amount.
Gives intuitive design
It has a mobile app.
Drawbacks:
Gives you withdrawal problems for non-verified accounts.
It concerns dubious regulation.
It gives you bonuses with unclear terms.
It has only two account types.
6. IQ Option
You can use this platform to provide its purchasers with a platform to cater to commerce desires. This platform contains commerce tools that are not found in any commerce platform. Position top-up helps the dealer hold a trade open if it’s reaching a stop loss. You might use it with discipline and offer new risk management.
Trading costs And charges:
This is often the excellence between buying for and commercialism prices.
Fees applied for the positions controlled nightlong are referred to as swap fees.
Intelligence quotient alternatives will begin charging €10 every month.
The bulk of payment service suppliers don’t have any fees. There is a charge of Commission of 2.9% on cryptocurrency trades.
Upstox provides low-cost trading services. There is no charge for orders placed in the equity delivery trading segment. It also provides a great trading platform and tools to the clients. This app includes Upstox Pro Web, upstox MF, and Upstox Pro Mobile. Algo Lab also provides platforms like Nest Desktop, Amibroker, Dart Stock, and Fox Trader.
Advantages:
It places buy and sell orders on the move.
It provides a universal search tool to find desired stocks and contracts.
It accesses many segments, including NSE cash, features and options, and currency scrips.
It has advanced charting tools using 100+ technical indicators.
This app is a virtual stock trading application offering real and live world market data. It helps beginners to start by using real markets and their data. It gives customers virtual money to trade stocks. And also understanding how stock investments work. It supports 13 countries and enhances stock analysis offerings.
How it works:
Get an account – you have to register to use a stock trainer using your email ID or any other social network login. After registering, you will get your virtual investment money. And now, you can start your journey of stock investing.
Look for stocks – you have to find stocks in which you want to invest by using the company name or ticker symbol or by utilizing stock research tools. It contains top losers and gainers, insider trades, and analyst recommendations.
Analyze trade stocks – you can launch a stock data screen by clicking on a particular stock in the app. You can get detailed information on the stock with stock charts with time spans.
Market Size of Stock Trading App Development
9. Investing.Com
This is a global financial portal and internet brand. It is also composed in 24 languages and for mobile apps for Android and iOS. All these offer news, analysis, streaming quotes, and charts. Technical data and financial tools about global financial markets. It covers a wide variety of financial vehicles, including stocks, bonds, commodities, currencies, interest rates, futures, and options. This is an online data and news website. It offers financial information but not trading services. You will get the services for free, and it does not provide investment consulting services. This is a reliable and good source of providing real-time forex data.
10. IIFL Markets
The IIFL market app is an advanced platform. This offers good investment strategies for the clients. You will get a customizable watch list and also a dashboard. The dashboard provides you with a summary of your account. And the idea of the stockbroking market.
1. Price alerts – you will get every notification about stocks. Hence, you will not miss any information.
2. Advanced widget – you will get to track stocks on your screen. Using these widgets, you can get information about trading.
3. Free guest user login – you can get this app for a lifetime as a free guest if you are not a paid user.
4. Finance and business news – you will also get all the news and updates about the financial markets.
5. Personalized watchlist – you will get with stock, currency, commodity. And futures options all in one. You will get customized column options that keep all the information.
6. Free research report – this app is the only app that provides you free research of the top 500 NSE or BSE-based companies. It will also offer users to research and provide technical support.
11. HDFC Securities Mobile Trading
You need to know about the fluctuations if you want to invest in the stock market. Hence, if you want profitability, then you will need to keep up with changes happening in the market. You will get the data to make better investments.
Advantages:
This app helps you in trade and sends notifications about any activity that will be important to you.
Some of the navigational and operational tools. That helps in managing your assets in an easier way.
You can manage many accounts with multitasking.
There is no time barrier for trading in this app.
You will get real-time alerts to be aware of the performance of your stocks.
Your account and transaction details are completely safe as it is protected by an effective encrypted firewall.
Disadvantages:
This is large in download size.
Performance is slow.
Buy and sell is not upfront on the app.
It is difficult to set up processes like stop loss and trigger.
It does not have detailed reports available for clients.
This is an Indian online business news website owned by E-EIGHTEEN Dot Com (p) Ltd. This offers the user information about the news. And insights related to business in India. This app provides the latest market data, business, and market news coverage, as well as Live TV. You can also manage the finance portfolio conversations on the message board. And other features on the app.
13. Mobile Invest
Aditya Birla’s mobile investment is an updated version. This app offers trade-in equity, derivatives, currencies, and commodities from a single platform. This provides all reports, fund transfer facilities, real-time research, and market news.
Features:
It provides real-time quotes.
Fund transfer – pay in and payout.
You will get trading from mobile in 3 clicks.
Also gives trade-in equity and F&O.
It also has a portfolio tracker.
It has an access ledger, control notes, transactions, and more.
It has a single sign-on for multiple exchanges(BSE, NSE, NFO, CDS, NCDEX).
It has a personalized dashboard.
It also has a real-time research dashboard.
It has advanced intraday charting.
Word indices.
It has voice support; you can interact through voice.
14. 5 paisa
5 paisa is a leading stockbroker. It is a traded and managed company promoted by IIFL founders. This is available in equity, commodity, and currency at BSE, NSE, and MCX. A charge of Flat 20 Rs brokerage irrespective of the trade size.
5 paisa mutual funds – it offers both regular and direct mutual funds. A charge of Flat 10 rs executed an order for online mutual funds investment.
5 paisa Demat account – This offers membership with CDSL. You will get an award for being a premier depository participant by CDSL in March 2019.
5 paisa trading platform – it includes a mobile trading app and a trading website. And installable trading terminal. You can build this platform on the latest technology. You will get recognized for the ‘best use of mobile technology in financial services.
Pros:
IIFL is a non-banking institution with experience over 2 decades.
As per the trading needs, you can choose from three subscriptions.
You can use the mobile app, website, and desktop trading terminal. There is no software charge.
It provides free technical, derivative, and fundamental research.
Cons:
It does not provide a 3 in 1 account.
It has high Demat debit transaction charges. It’s 25Rs or 0.025% charge for the greatest plan.
It gives an exchange transaction charge in competition with discount brokers.
At an extra cost of 100Rs, you will get a call and trade in the greatest plan.
Greatest plans do not contain research and advisory services.
Investing is difficult, it makes it easier. It helps you by observing the extras of the market. You’ll improve your portfolio management. It’s trusty by thousands of online investors. Stock charts supply the web’s highest-quality money charts with mere easy clicks. Also, you’ll run custom scans to search out new trades or investments. And set automatic alerts for your distinctive technical criteria.
Real-time charting where you go It is for the trendy capitalist. Stockcharts offers the industry’s best technical tools and resources. There’s no computer code installation and frustrating compatibility problems. You’ll access everything from any web-enabled device.
A complete set of tools Stockcharts has everything. You would like to arrange, organize, and execute any finance system. It’s a whole analysis and portfolio management toolkit. You’ll discover the market’s new opportunities with advanced scanning tools. You’ll pinpoint the entry with triumph charting and annotation tools. You’ll check your open positions and track portfolios with chartlists.
16. Advisory Mandi
It helps conceptualise solving the advisory industry challenges. This addresses the critical need for retail participants in the Indian advisory industry. This app believes in optimal value creation for investors by giving top-performing analysts instructions at the right time. It helps investors to make informed decisions. At the same time, investing their hard-earned money in the stock market. It also helps in educating novice investors by providing the right guidance, information, and happenings at the right time.
The authorized and registered analyst offers their live analysis on the website. Investors will get to connect with the right advisor according to their needs in the market. It empowers the investors by giving them the power to make decisions. It simplifies the process of selecting the analyst by making an unparalleled framework where you can view unbiased past performance.
The investment path becomes very easy and convenient with the right resources according to the particular needs. It pioneered in implementing SEBI compliance in analyst registrations and promotions.
This app helps let the stock market be your companion. Kotak Stock Trader is a mobile app. It allows the trader to continue trading in domains like equities, currency, and derivatives. It gives you a couple of other attributes, like allowing tracking down the portfolio.
Online trading feature This app utilizes online trading to be online trading close to them. You can check on the market always and then get their trading done. You will also get stop loss and trigger price options.
Portfolio tracking feature The portfolio gets updated, and anyone can access the changes in real-time.
Livestock market data This app gives you live-streaming market data all the time. Also, the movement of the market will be in the form of charts at the end of the day.
Fund transfer You can transfer the funds between a bank account and the online trading account. You can also transfer funds from the bank account to the mutual fund account.
Margin checker You can access the margin by clicking the ‘available funds’ option.
Security It has layers of security, and it is secure to use the app. Authentication of 2 passwords is important for every user. There is no stored data for stock trading. A session expires after 30 minutes to make it safe.
18. ET Markets
This app gives you the latest live market data on the go and makes informed decisions.
ET Markets App helps You in:
You can track live indices and stock prices with advanced technical charting.
You will get many chart types, technical indicators, comparisons, and real-time data.
You can watch live ETNOW TV or an audio stream to stay updated on the latest happenings.
You can track your stocks, Sensex(BSE), nifty(NSE), mutual funds, and forex ETFs.
You can track the stocks in your watchlist, market gainers, losers, movers, etc.
19. Stock Edge
You will get end-to-end information about all the NSE and BSE stocks in India. It covers market movements, updates, financials, technicals, and derivatives. You can complete mutual fund data along with AUM analysis. It gives through simple and interactive charts and bars. You can also mark stocks, scans, investors, and mutual funds as your favourite. You will get premium features like investor portfolios and MF investment ideas.
It is useful for:
Investors This gives you a decision-making tool that helps in analyzing your stocks. It also helps identify new stock ideas relevant to the criteria.
Traders This tool offers information about pre-market and post-market data analytics. It has a unique scan feature that is greatest for intraday, swing, and derivative traders.
Analysts This app contains a one-stop solution for fundamental and technical research requirements.
The Angel Broking app offers trading anywhere to Angel Broking customers. This app offers to trade in all segments, including equity, derivatives, currency, and commodities at BSE, MCX, and NCDEX. Investments in IPO and mutual funds are also available in this app. The secure, fast, and simple app works for both seasonal investors. It gives customers real-time streaming quotes and charts. Live news, many watchlists, online fund transfers, and research reports. Demat holdings, margin statements, limits, order summary, and more.
Features:
It provides online trading on mobile devices.
Trading in equity cash.
Trading in equity derivatives.
Trading in currency derivatives.
Trading in commodities at MCX and NCDEX.
It helps to invest in mutual funds, bonds, etc., and it also tracks derivative positions.
It offers live-streaming stock quotes, charts, and news. It has over 40 technical chart indicators and overlays.
This app has stock advice on the go through ARQ, the auto advisory engine.
You get to research reports and advisory calls. Also, you have personalized notification alerts for trades and ideas.
It also gives a viewof Demat account holdings. Real-time online funding transfers over 40 top banks.
21. Economic Times App
This app helps you to track the latest business news on the go and make informed decisions. You will get the latest updates from markets, business, and economic news as it happens.
Features:
It gives you the latest and most popular business news.
It shares news articles with colleagues and partners via email, Facebook, etc.
This app offers to profit from stock market views and recommendations from experts. Also, it has the latest updates from the stock market.
You can manage your investments in the stock market with the ET portfolio. You will get to track the stocks in your watchlist, market gainers, losers, etc.
All new navigation – you will get easy navigation. That displays all the categories in different modes. It has a simple cascading display for content with tools to dismiss layers.
It offers you stock market news, top stories, and analysis. Expert opinions on investing and analysis from NDTV profit.
You can watch Live TV streamed from NDTV profit studios. You will get all of the NDTV profit program videos and market analysis.
This app provides you with all the episodes of NDTV profit shows like Gadgets Guru, the car and bike show, and more.
You will get to track the markets and get live stock quotes during market hours. Also seamless integration with Twitter and Facebook to share content.
23. Stock Twits
This is a social media platform. Designed for sharing ideas with traders and investors. This app was co-founded by Howard Lindzen and Soren Macbeth in 2009. Also, Time magazine has listed the company in the “50 Best Websites” list. In 2012, the company was awarded “the top 10 most innovative companies in finance”. Stock tweets allow users to communicate to ticker streams in real time using hashtags. Customers are also able to communicate on Twitter.
The contents can be with the StockTwits extended network. Such sites are Yahoo Finance and CNN Money. This app offers the ability to share content with their personal Twitter, LinkedIn, and Facebook accounts.
24. Feedly
User interface Feedly is the winner with Google Reader’s demise. Since Google discontinued Google Reader, users have joined Feedly. It offers all the features of Google Reader. There are no ads, popups, or anything that can distract your reading. You will get the index view, today’s view, and recently read. You will get to organize your feeds view to create a new collection.
Cross-platform support It works on all platforms. There is an official app for all major platforms. There are unofficial apps for other platforms. If you want to work on mobile and desktop, you need to use the Feedly web.
3rd party app integration It helps with third-party apps. You will get to see many apps on their app centre that work with this app. It supports IFTTT, zapier, sprouts social, etc, because it’s a premium feature.
Save a URL to read later. There is a “read later” feature on Feedly, which helps you to save an article to read later. It makes the reading process simpler and smarter.
25. Kite By Zerodha
Zerodha boasts over one crore active clients, comprising nearly 15% of India’s retail trading volumes. Its robust technology platform makes it suitable for both novice and experienced traders. Zerodha Kite, the company’s flagship mobile trading software, offers an array of features, including market watch, advanced charting with over 100 indicators, and various order types like cover order and good till triggered (GTT) order. Additionally, users can access Zerodha Kite via a Chrome extension for convenient order placement and stock tracking.
ICICI Direct is a full-service brokerage app and a part of the ICICI Group, which is one of the oldest brokerage service providers in India. It caters to the needs of both advanced investors and beginners by offering seamless online trading and investment services. The app provides free advisory services and research to its users, as well as free equity futures trading. Additionally, ICICI Direct charges no fees for futures trading and account opening services. It also serves as a stock market learning app for those looking to expand their knowledge and expertise in trading and investing.
Features:
Utilize analytical tools like live charting and graphs for option chains, along with real-time profit and loss statements.
Receive smart stock alerts to avoid high-risk and penny stocks.
Experience fast order placement with a simplified user interface, including swipe-to-buy and sell options.
Create multiple watchlists for stocks, indices, and F&O contracts.
Access a wide range of products, including equities, commodities, currencies, derivatives, margin trading, mutual funds, IPOs, FDs, bonds, insurance, and ETFs.
The MO investor app is a product of Motilal Oswal Securities – one of the leading stock brokerage firms in India. This app is highly regarded in the market for its advanced tools, instant price alerts, and user-friendly interface. The app offers a wide range of services that allow investors to invest in equity, derivatives, commodities, currency, mutual funds, IPOs, bonds, U.S. equities, and other portfolio management services. Additionally, for those looking to learn more about investing, the app offers beginner, intermediate, and advanced courses, as well as a vast range of blogs and attractive infographics.
Features:
Utilization of AI-driven tools aids in optimizing portfolio rebalancing, leading to enhanced returns.
Value-added offerings include SIP via WhatsApp, automated advisory services, live bot genie, and call and trade service.
Various funding options, including loans against securities, margin funding, and stock lending features, are available.
Extensive educational resources include online lessons, videos, and blogs.
28. Edelweiss Mobile Trading App
The Edelweiss mobile trading app is an excellent choice for active traders as it offers a range of advanced chart options, market analysis tools, and detailed reports. The app provides real-time commentary on market trends, access to research tools, a dedicated relationship manager, a free portfolio organizer service, and Whatsapp alerts. There are two brokerage plans available – the “lite” plan and the “elite” plan. The former is more affordable, while the latter is feature-rich.
Features:
User-friendly interface with real-time commentary for a seamless market view.
Sector-wise performance overview provided.
Specific sections are allocated for equity, derivatives, and commodity markets.
Flexible subscription plans like “lite” and “elite” cater to varying user requirements.
29. Paytm Money
Paytm Money is a popular online trading app that has attracted nearly 14 million users to date. The app allows users to invest in various segments, including equity, mutual funds and other financial instruments such as the National Pension System (NPS). However, Paytm Money users are not currently able to trade in currencies or commodities.
Launched in 2017, Paytm Money has experienced significant growth and is known for its low brokerage fees. The app charges zero fees for services such as account opening and maintenance and even offers low charges of zero and INR 10 per order for equity delivery and intraday trading, respectively.
30. Sharekhan
The Sharekhan trading app is an excellent choice for both experienced traders and investors. The app is well-known for its demat and full brokerage services. With this app, you can invest or trade in equities, derivatives, currency, mutual funds, bonds, IPOs, and commodities and keep track of your portfolio. Sharekhan trading app offers both delivery and margin trading to its users. The app has several innovative features, such as advanced search options, in-depth chart analysis, options contracts on a single page, and other up-to-date tools. It’s worth noting that the Sharekhan trading app doesn’t charge anything for account opening and deposits.
It offers various brokerage plans, including prepaid account maintenance schemes with reduced brokerage rates.
Users can save customized screens and graph templates for future use.
Customer support is available via toll-free phone, email, and live online chat.
Online fund transfers are quick and accessible through 12 banks.
Brokerage charges vary based on the selected plan and transaction value.
31. Groww
Groww is a platform that operates on a simple and transparent pricing model based on a flat fee structure. This means that you will only be charged a minimum brokerage fee of 0.05% of the trade value and a maximum brokerage fee of INR 20, irrespective of the segment you are trading in, whether it’s Equity Delivery, Intraday or F&O. You can use the brokerage calculator provided by Groww to estimate all the charges involved, so you can make informed decisions while trading.
Additionally, opening an account with Groww is absolutely free, and there are no maintenance fees charged for the Demat account. This means that you can start your trading journey with Groww without any upfront costs or hidden charges.
FAQs
What is the stock market, in simple words?
The stock market is where people buy and sell publicly traded company shares. It allows investors to own a portion of a company and potentially earn profits as it grows.
Which are the best stock market apps for trading?
The stock market is where shares of publicly traded companies are bought and sold. Some popular stock market apps for trading include Robinhood, E*TRADE, and TD Ameritrade.
Which is the best stock market learning app?
Some other notable stock market learning apps include Money Control, Webull, Groww, Sharekhan, ET Market, etc. Each app offers unique features and resources for users to learn about the stock market.
What is the role of a stock marketing app?
A stock market app facilitates online trading and investment, providing users with real-time market data, research, and tools to manage their portfolios efficiently. It also offers educational resources and analysis to help users make informed investment decisions.
Piyush Mishra
