As investment options grow, investment platforms also increase rapidly. Countless investment apps in India offer various features to investors. But as a smart investor, you must be careful about choosing the best investment app in India for secure and fruitful investment. Also, mobile investment platforms are allowing investors to invest in stocks, mutual funds, and other instruments from the comfort of their houses. Here we will help you to choose the best one among various investment apps in India.
Factors to Know Before Choosing the Best Investment App in India
Here you will find various factors that will help you choose the best app:
1. Know Your Investment Goals
Before you choose the app and start investing, you must have clarity in your mind regarding your financial goals. No matter if you’re a beginner or a pro investor, you must set a financial goal before choosing the investment app. It will help you find out which app suits your requirements.
2. Types of Investment Apps in India
Do thorough research and learn about the types of investment available in India. Here is a quick guide for you:
- Stock Trading App: You can invest in the stock market directly using these apps.
- Mutual Fund Investment App: These allow you to invest in Mutual funds and are best suited for investors seeking long-term investment through professional fund management.
- Robo Advisory App: The apps are AI-operated and you get the recommendations gendered by AI.
- Gold and FD App: If you are looking for safe options for investment, these app can be best for you.
- Multi Asset Investment App: They offer you investment options across various instruments such as stocks. Mutual funds, gold, etc.
3. Easy-to-use Interface
Choose an investment app that is easy to use. The web design of the app should be user-friendly. You must be able to use it even if you are not tech-savvy. The app must offer a simple KYC process, quick and easy fund transfers, a properly organized dashboard, and tutorials to help customers.
4. Security and Regulatory Compliance
The investment app must follow the regulatory policies. You must check if the app is registered with SEBI, using encryption and 2-factor authentication, and has positive user reviews.
5. Investment Options and Features
There are various features and investment options offered by different apps. You must look for the following key features in the app you are choosing:
- Multiple investment options
- Research and Analytic tools
- Automated portfolio management
- Fractional Investing
6. Brokerage Charges
The best investment app in India must charge reasonable fees for the services they offer. You must compare the brokerage charges and other fees on various platforms. A good mobile investment platform offers zero brokerage charges to long-term investors, lower trading fees, subscription for premium features and reasonable transaction charges, transfer fees, and lower exit loads on Mutual funds.
7. Customer Support
You must choose the investment apps in India which offer good customer support. Look for the app providing 24/7 chat or email support, calling options with financial advisors, FAQs, tutorials, and other options to help customers.
8. Mobile App Performance
The mobile investment platforms should be easily downloadable via the Google Play store or Apple app store. The app should have minimum downtime and fast operations, update regularly to fix issues and provide new features, and have a high rating, preferably 4+.
9. Works with UPI and Bank accounts
The app must offer easy transaction options and work with UPI and bank accounts. You must be able to conduct instant UPI transfers or withdrawals, Net banking, or credit/debit card payments and there must be auto-invest options for SIPs in Mutual funds.
10. Educational Resources and Market Insights
Choosing the app that offers you educational research and market insight helps you stay updated with the investment trends. You must choose an app that provides webinars and video tutorials for stock market investment, regular market insight, courses for beginners, and expert opinions.
| Read more: Best Stock Trading Platforms in India
Top 10 Investment Apps in India
Here are the top 10 investment apps in India listed in the table below:
| S.no | Investment App | Best for |
| 1. | Zerodha kite | Stock Market traders |
| 2. | Groww | Beginners and Mutual Fund Investment |
| 3. | Upstox | Active Traders |
| 4. | Paytm Money | Long Term Investment |
| 5. | Angel One | For investors seeking expert support |
| 6. | ET Money | Personal finance management |
| 7. | 5 Paisa | Cost-conscious investment |
| 8. | Kotak Securities | Full brokerage services |
| 9. | ICICI Direct | Complete Financial Planning |
| 10. | HDFC Securities | For HDFC customers and long-term investors |
Conclusion
Choosing the best investment app in India is essential for reaching your financial goals faster and easier. You must keep in mind various factors while selecting the app and do thorough research. Comparing various apps can help you make smart decisions. Choose the app that complies with your goals, and needs and offers you various features to help you in investment.
FAQs
Which is the cheaper option, Zerodha or Groww?
Ans. The brokerage charges at Zerodha for equity is zero and for intraday is Rs. 20 per executed trade or 0.03% (Whichever is lower). Groww charges brokerage on equity of Rs. 20 per execution or 0.5% (Whichever is lower) and Rs. 20 for intraday execution or 0.05%.
Is SIP investment a good option or not?
Ans. Yes. SIP is a good option as it lowers the market volatility impact on investment through rupee costing average. It allows you to buy more units at a lower price and fewer units at a higher price. SIP’s investment strategy smoothens the market fluctuations and allows money to grow.
Which is the best investment option for beginners?
Ans. As a beginner, you must start with Swing Trading. It has low speed and enhanced chances of success. You must not ignore the risk factor here but it is the best for beginners.
How can I get 10% ROI?
Ans. You can earn a 10% return on investment if you invest in stocks, real estate, P2P lending, etc. If you want a higher return, you need to invest in a high-risk instrument and diversify your portfolio to manage the risk factor.
Which is a better option for investment FD or SIP?
Ans. Both options are good if they meet your financial goals. FDs offer fixed guaranteed returns while SIPs include market risks. If you are looking for stability, you must invest in FDs and if you want long-term wealth growth, go for SIP.
