8 Best Investment Apps in India 2024
Investing no longer requires a visit to the bank or a trek to a brokerage firm as it did in the past. Now, with advanced technology, investment apps have changed the very face of investment. Investment apps are right away changing the very manner of investing by making it more accessible.
In this blog post, we will have a look at the best investment apps in India, highlighting their key features, advantages, and how they cater to different types of investors—be it beginners, students, or seasoned professionals.
Here’s a look at the best 10 investment apps in India that are leading the market. The table below summarizes their top features, and fees:
List of the Top 8 Investment Apps in India
Here’s a quick look at the top 8 trading and investment apps that are leading the market. The table below summarizes their top features, fees, and current offers:
App Name | Top Features | Fees (Per Trade) |
Zerodha Kite | All stock trading options, user-friendly interface | Rs. 20 |
Groww App | Ideal for beginners, supports various investment types | 0.05% or Rs. 20 |
5paisa App | Auto-investing feature | Rs. 20 |
Angel One | Fast buying and selling of stocks | Rs. 20 |
HDFC SKY | 3,500+ companies, mutual funds, ETFs, futures, options, robust security | Rs. 20 |
Upstox App | Instant investing, diverse asset classes | Rs. 20 |
ICICI Direct App | Pay Later option with marginal trading | Rs. 20 |
Edelweiss App | Advanced trade analysis tools | Rs. 10 |
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Exploring the Best Investment Apps in India
1. Zerodha Kite
Zerodha Kite is one of the best investment apps in India, it is without any doubt most popular among Gen Z and millennials. It’s famous for its wide range of stock trading options and it has an easy-to-use interface. Zerodha Kite is used by seasoned investors for its advanced charting and analysis tools.
Top Features:
- Advanced technical analysis tools
- Supports stocks, commodities, and derivatives trading
- Customizable charts and multilingual interface
- Access to market data and reports
Best For: Intermediate to advanced traders
Fees: Rs.20 per trade
2. Groww App
For beginners, the Groww app has become one of the best investment apps. Groww is ideal for first-time investors who want to dip their toes into the world of mutual funds, stocks, and other investment options. Its user-friendly interface makes it simple to use even for those with no prior experience.
Top Features:
- Zero commission on direct mutual funds
- Simple and easy account opening process
- Real-time tracking of investments
- Educational resources for beginners
Best For: Beginners
Fees: 0.05% or Rs. 20, whichever is lower
3. 5paisa App
If you are looking for a customizable and automated experience, you should immediately download this app. 5paisa offers auto-investing options, which makes it one of the best investment apps for beginners. It has low brokerage fees, and the best part is its budget-friendly.
Top Features:
- Auto-investment and portfolio management
- Advanced technical indicators
- Integration with multiple financial products
- Free access to research reports and tips
Best For: Auto-investing
Fees: Rs.20 per trade
4. Angel One
Angel One is a full-service investment app. You get fast order execution and many investment products, including equities, mutual funds, and commodities. It’s best for investors looking for a reliable app with a free Demat account option.
Top Features:
- Fast stock buying and selling
- Detailed market research reports
- Expert advisory services
- Multiple trading platforms supported
Best For: Seasoned investors
Fees: Rs.20 per trade
5. HDFC SKY
HDFC SKY is designed for both beginners and advanced investors. Offering a wide range of assets like equities, ETFs, and mutual funds, the app provides robust security features, margin trading, and a user-friendly dashboard to track investments.
Top Features:
- Access to over 3,500 companies and 100+ ETFs
- Smart dashboards with intuitive trade management tools
- Low trading fees of Rs. 20 per order
- Margin trading and comprehensive educational resources for investors
- Zero maintenance fees in the first year
6. Upstox Pro
Upstox Pro is known for its fast and efficient order execution, making it ideal for users looking for instant investing. The app provides advanced charting features, making it popular among technical traders.
Top Features:
- Fast and easy to use
- Multiple order types, including cover and bracket orders
- Access to real-time market data
- Expert analysis and insights
Best For: Instant investing
Fees: Rs.20 per trade
7. ICICI Direct App
If you are looking for more robust options, ICICI Direct provides marginal trading with the Pay Later feature. This app is ideal for users who prefer to trade on margin, providing flexibility in managing their funds.
Top Features:
- Pay Later for marginal trading
- Advanced stock analysis tools
- Integration with ICICI Bank accounts
- Strong customer support
Best For: Pay Later trading
Fees: Rs.20 per trade
8. Edelweiss App
The Edelweiss App is known for its powerful tools aimed at advanced traders. It provides access to in-depth market analysis, making it one of the top choices for users who enjoy digging deep into technical data.
Top Features:
- Comprehensive trading platform
- Offers advanced trade analysis tools
- Real-time market updates
- Wide range of research tools and reports
Best For: Advanced traders
Fees: Rs.10 per trade
Factors to Consider While Choosing the Best Investment App
Choosing the best investment app in India requires a plethora of considerations that strike your investment experience. Here are some key parameters to consider:
1. Reliability and Safety
The first and foremost aspect to consider is the app’s reliability and safety. Make sure the platform you choose is secure, with encrypted transactions and adherence to SEBI regulations.
2. User-Friendly Interface
A user-friendly interface is critical if you are a beginner. You don’t want to spend valuable time learning how to use a complex app.
3. Low Fees
Look for apps that offer low or transparent fee structures. Every rupee counts, especially when trading frequently. Apps like Zerodha Kite and 5paisa App have low fees.
4. Speed
In the world of trading, every second counts. Choose a trading platform that provides super-fast order execution, so that you don’t miss opportunities due to lag.
5. Advanced Tools
Advanced traders may need technical analysis tools, research reports, and historical charts to make informed decisions. Platforms like Edelweiss, Angel One and HDFC Zerodha Kite offer these in abundance.
Documents Needed to Open a Trading Account
To start using an investment app, you’ll need to provide some essential documents, including:
- Proof of Identity: PAN card, Aadhaar card, Voter’s ID
- Proof of Address: Bank statement, utility bill, passport
- Income Proof: Bank statement, salary slips (optional)
- Bank Proof: Cancelled cheque, passbook
These documents are required to comply with SEBI regulations and ensure the safety of your investments.
Team LenDenClub
LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping investors diversify their investments beyond traditional investment instruments ever since.