Finance

Are you looking to invest your saved money in the Indian stock market? Do you want to buy shares in listed companies? But you don’t know which application would be great to start your journey. Then, I recommend you choose the 5paisa application, which I have been using for long-term investment in stocks and mutual funds.  If you are wondering what 5paisa is and how it works, then this blog post has got you covered. 5Paisa is undoubtedly India’s top trading and investing app, the only listed application on the NSE and BSE, which sets it apart from its competitors like Zerodha, Groww, Upstox, and many more. This is going to be an interesting guide post, so make sure to grab a cup of coffee or tea (whichever you prefer), sit back, put your phone on DND so no one can disturb you, and enjoy the blog post to learn more about 5paisa. What is 5Paisa? 5paisa is a leading online stockbroking company that offers discount brokerage for those who wish to invest in the stock market. It is a publicly traded and professionally managed company, promoted by Mr. Prem Watsa (founder, chairman, and chief executive of Fairfax India Holdings) and Mr. Nirmal Jain (founder of IIFL), who are the major stakeholders. 5paisa offers online trading in equity, commodities, and currency on BSE, NSE, and MCX. It operates as a flat-rate discount stockbroker. Among the rare discount brokers in India, 5paisa offers trading for a flat fee of just Rs. 10 per trade. 5paisa offers three subscription plans for retail investors: the Regular Account Pack, the Power Investor Pack, and the Ultra Trader Pack. These plans offer various benefits, ranging from zero account opening charges to reducing the flat fee from Rs. 20 to Rs. 10. There are also 5paisa Mutual Funds, which offer both regular and direct mutual funds. For mutual funds, it charges a flat fee of Rs 10 per executed order for online mutual fund investment. Investors can choose to invest either in a lump sum or through an SIP. Users can also open their demat account through 5paisa’s depository participant membership with CDSL. CDSL awarded it the status of Premier Depository Participant in March 2019. The 5paisa trading platform comprises a mobile trading app, a trading website, and an installable trading terminal. These platforms, recognized for their excellent utilization of mobile technology in financial services, are built using the latest technology. 5paisa Plans, Fees, and Charges? 5paisa charges Rs20 brokerage for all stock delivery. For trading, 5paisa offers three plans: regular, power investor, and ultra-trader. 5paisa brokerage charges for all three plans are as follows: 5paisa plan charges Regular Plan: The Regular Plan charges a flat fee of Rs. 20 for all trading segments. Power Investor Plan: Among 5paisa’s different plans, the Power Investor plan is the most popular and highly purchased. The subscription fee for Power Investor is Rs. 599 per month, with a flat brokerage fee of Rs. 10 for all trading segments. Additionally, this plan provides the following benefits: A. It provides stock ideas for intraday and short-term trading. B. It includes the Advanced Portfolio Analyzer. C. It offers research on 4000+ companies. Ultra Trader Plans: The monthly fee for this plan starts at Rs. 1199. This plan offers various benefits to users, such as: A. Equity delivery incurs no fee. B. A flat fee of Rs. 10 per order (50% discount) is charged from the 101st trade onwards for all other segments. C. The first 100 trades are free every month. D. There are no charges for fund transfers. F. There are no charges for calls and trades (a charge of Rs. 100 is applicable for normal clients). 5paisa Account Types 5paisa offers various types of accounts to meet the different needs of users. Below, you will find a brief introduction to each account: 1. Demant Account 2. Trading Account 3. Mutual Funds Account 4. YoungVestor Account 5. PlusOne Account 1. 5paisa Demant Account 5paisa allows you to open a free Demat account through www.5paisa.com or the 5paisa Trading App. It is an electronic account used for holding and transacting securities (stocks, MFs, ETFs, IPOs, GSECs, bonds, etc.) in electronic or dematerialized form. Through this Demat account, you can easily transfer your securities from one Demat account to another. The 5paisa Demat account is suitable for all kinds of users, including individuals, companies, partnerships, trusts, HUFs, or LLPs (Limited Liability Partnerships). 2. 5paisa Trading Account 5paisa trading account facilitates stock buying, selling, money transfers, and more. They act as a crucial bridge between investors and the stock exchange. In the stock market, these accounts are linked to demat accounts, allowing seamless fund transfers between individuals. 5paisa offers three simple brokerage plans for trading accounts: Optimum, Platinum, and Titanium. Optimum Plan: Trade across various segments for a flat fee of Rs. 20 per order. The Optimum plan monthly charges are none. Platinum Plan: Enjoy a flat fee of Rs. 10 per order for all your trading needs. The Platinum plan monthly charges are 499 rupees. Titanium Plan: Trade equities for free—that’s right, no charges for buying or selling stocks. The Titanium plan monthly charges are 999 rupees.  3. 5paisa Mutual Funds Account Opening a mutual fund account on 5paisa online can be a good move for both retail and large investors. You can easily open a mutual fund account on 5paisa. 5paisa offers two investment plans: systematic investment plans (SIPs) and lump sum investments. They also provide various mutual fund schemes across different categories, such as equity, hybrid, and debt, in small-cap, mid-cap, and large-cap options. 4. 5paisa YoungVestor Account The YoungVestor account is designed for young individuals eager to invest in the stock market at a young age. Any individual aged between 18 and 23 years old can apply for it and gain access to the stock market trading platform. 5. 5paisa PlusOne Account The 5paisa PlusOne Account is a special account designed for married couples. You can easily open a … Read more

Introduction  The Indian stock market has been booming since the post-pandemic era, and Zerodha has played an important role in the growth of the Indian stock market by creating a hassle-free solution to trade and invest in the share market with less brokerage. Headquartered in Bangaluru, Zerodha is an Indian stock trading app and financial service company that is registered with the Securities and Exchange Board of India and a member of prominent stock exchanges in India like the NSE and BSE. So, if you are a trader or investor, then you must be aware of what Zerodha is and how it works. However, have you ever thought about the success story of Zerodha or how it became a billion-dollar company without raising a single round of funding or burning millions of dollars on advertising?  In today’s blog post, I will walk you through the Zerodha case study and some of the strategies that have helped them become a billion-dollar brand.  Overview of Zerodha The name Zerodha has been derived from the Sanskrit word Rodha, which means barrier in Sanskrit. And zero is just a number. So Zerodha means zero barriers to the people who are looking to invest. The company was founded by two brothers with a knack for trading and investing in the stock market, namely Nithin and Nikhil Kamath, on August 15, 2010. Since then, they have disrupted the Indian trading market with low-cost pricing, flat-fee brokerage, and zero brokerage on investment in mutual funds. Today, Zerodha contributes 5% of daily market turnover across various stock exchanges in India, making it the biggest and most used stock trading app in India.  Zerodha is a completely bootstrapped startup, meaning they don’t have any backing or raised funding. Today, they are valued at $2 billion and have clocked Rs 1000 crore in revenue with a profit of 440 crore rupees. That’s truly insane. There are several factors that led to their exponential growth in the Indian financial market. One of them is that they treat all clients with the same deal, and their brokerage calculator is completely transparent, making them different from their competitors. Zerodha’s Membership Information: Zerodha NSE Member ID:Capital Market (CM): INB231390627 Future & Options (F&O): INF231390627 Currency Derivatives (CDS): INE231390627 Zerodha BSE Member ID:Capital Market (CM) – INB011390623Future & Options (F&O) – INF011390623 CDSL: IN-DP-CDSL-00278209 NSDL: IN-DP-NSDL-11496000 Zerodha NSE Registration Date: June 30, 2010 Zerodha BSE Registration Date: May 17, 2012 Background on Zerodha The story started in 2005, when Nithin Kamath was a full-time trader and one HNI was impressed with his trading skills and portfolio. The HNI immediately wrote a check for Rs. 25 lakh and told Nithing to manage his demate account. Later on, Nithin left his job and stated that he was managing clients on a full-time basis and helping them with their investments in the stock market. This was the time when Nithin realized there was no single platform where he could switch different accounts seamlessly. To cope with this problem, Nithing joined Reliance Money as a sub-broker, which allowed him to buy and sell stocks on one single platform. Over all these years, Nithin realized there was a huge gap between the commission charged by the brokers and the actual amount clients received after every trade. He also realized that many young people in India are interested in investing in the stock market, but they aren’t able to find one single platform for investing in the share market. That’s because of high brokerage charges and complex trading processes.  So, after working for almost more than 10 years in trading and the stock market, Nithin decides to become a broker himself. And not just an ordinary broker, but the one who decided to revolutionize the broking industry in India. Nithin, along with his brother Nikhil, who was a better trader, decided to start Zerodha.  The reason to start Zerodha was simple: to create a seamless trading platform at an affordable rate by charging a flat fee commission rather than charging brokerage based on the volume of trades. The aim was to remove all the barriers and eliminate the hurdles faced by investors and traders by paying a huge brokerage. Zerodha’s actual operation began in 2010. Prior to 2010, Nithin was looking to raise funding when the Indian financial market was going through a crisis. Also, none of the investors and VCs were confident enough in the idea of an online trading platform back then. Nithin decided to use his savings to get things moving and bought refundable deposits to set up a small office space. It is show time now. In 2010, the business operations started growing with Zerodha’s user-friendly trading platform and technology. They only charged a flat fee of Rs 20 per trader, irrespective of the volume and size. This attracted many traders to get on Zerodha’s platform. In the first year of their operations, Zerodha managed to open 3000 demat accounts.  And they achieved all these without any funding or burning millions of marketing campaigns. At the beginning, they opted for community outreach, as Nithin was part of several online trading communities. This worked in favor of Zerodha. They also opted for a door-to-door marketing policy, and a combination of these strategies helped them acquire the initial customers.  The year 2015 was the major year for business operations, where things started taking more pace. The founders decided to make delivery on equity investments free of charge from a fee of Rs 20 to zero. This gave Zerodha growth, and in just 5 years, the customer base went from 30,000 to 14,00,000 lakh accounts in 2020. In the year 2019, Zerodha also becomes a market leader by leaving behind ICICI Securities, the then-market leader.  But tremendous growth was yet to come. In the year 2020, COVID-19 fueled interest among individuals in stock investing and trading. This surge led to the massive growth of online trading platforms in India, including Zerodha. As a result, Zerodha surpassed its customer base … Read more

Introduction Are you a beginner in the stock market and want to invest some of your income? Do you want to take off on a journey toward wealth creation through systematic investment plans (SIPs) or mutual funds? If your answer is “yes” to both questions, then this blog post has got you covered. In this blog post, I will guide you through the step-by-step process of using the 5Pasa app for investing in stocks and mutual funds. So, settle in, grab a cup of steaming coffee, and let’s delve deep into the details of maximizing your investment potential through the 5paisa app. Before moving ahead, here’s a highlight of the blog post. 1. What is the 5paisa? 2. How does the 5paisa work? 3. Is the 5-paisa safe in India? 4. How Do I Use the 5paisa for Mutual Fund Investment? 5. How to Use the 5paisa for Share Investment? What is the 5paisa? 5paisa was introduced by the IIFL in 2016. It stands out as the pioneer in the discount brokerage sector, offering both share trading and financial advisory services within a single app, all of that at the lowest cost. Impressively, they have garnered a vast customer base of approximately 2.9 million users. 5paisa, known as a low-cost financial service provider, offers online trading, mutual funds, and insurance with the most competitive brokerage charges. With a straightforward pricing plan, they provide trading in various segments like equity, futures and options, intraday, and currency derivatives at a flat brokerage rate of Rs. 20 per order. How do I create an account and complete KYC on the 5paisa? Here comes the main part of the blog post, which is how to use 5paisa for your stock or derivatives and mutual fund investments in India. To start investing in stocks or trading stocks and derivatives through 5paisa, individuals need to open a 2-in-1 account comprising both a trading account and a demat account. If your interest is solely in investing in mutual funds, you can open a 5paisa mutual fund account. 5paisa offers two types of accounts: A. 2-in-1 Account (Trading + Demat Account) B. Mutual Fund Investment Account Steps to create a Demant account on 5paisa Download the 5paisa application from the Play Store. After downloading the 5paisa application from the Play Store or the Apple App Store, the next step is to register your phone number in the 5paisa app. Now, click on the “Continue” button to receive a one-time password (OTP) on your cell phone. 5paisa will automatically verify the OTP that you receive on your cell. Afterwards, you can click on the verify button to proceed to the next step. Following the verification process, please enter your PAN details along with your date of birth (DOB). After entering your PAN card details, the app will automatically retrieve your name. You can then click on the “Continue” button below. For instance, if your name is Mohan, the app will prompt you to confirm both your name and PAN card details. After verifying your PAN card, you must proceed to complete your KYC using Digilocker. After proceeding with KYC, you will be redirected to the DigiLocker page. There, you need to select the document you want to share with DigiLocker and proceed to authenticate your Aadhar card. DigiLocker is a secure government website designed for the safe uploading of your documents. After clicking on authenticate your Aadhar, you need to enter your Aadhar card number and click on next. In the next step, DigiLocker will be requesting your consent to share the Aadhar card and PAN card. To give consent, you need to click on the ‘Allow’ button. Now, DigiLocker displays the document you shared with them. In my experience, I provided them with my Aadhar card details. You can also provide them with your PAN card details. In the next step, please provide your bank details, including your account number and IFSC code. In the next step, please provide your father’s full name, marital status, and gender. From now on, the main steps to creating your account on the 5paisa app will start. Make sure that you fill in every detail carefully at every step. In the next step, you need to select your educational qualifications. Now choose your occupation from the various range of options available to you. If you are the owner of a store or small business, then select Business, or you can select any other option depending on your work profile and the industry in which you are working. Now you need to choose your source of income. There is no need to worry about sharing your personal income details. This step is only to collect some relevant information from you. In the next step, you need to select your net worth (annual income) when creating an account on 5paisa. Some people may find this step confusing because 5paisa is asking for monthly income, but you simply need to choose your net worth. Additionally, you can also designate a nominee for your 5paisa account. It’s crucial to add a nominee, so please don’t forget to do so. Now, it’s time to take a selfie for verification. Make sure to look straight into the front camera, and ensure your face is visible within the circle against a well-lit background. Please do not wear glasses or a hat during this process. In this step, to validate your document, you need to draw your signature exactly as it appears on your PAN card. In the next step, you need to sign using Aadhar, and it is the last step to complete your sign-up in 5paisa. Afterwards, click on “Send OTP.” You will receive an OTP on the number you added to your Aadhaar card, and then enter it in the “VID/Aadhaar” block. Now that you have completed your E-sign process, simply click the “Continue” button to finalize the registration. In this step, you have completed the account opening process. 5paisa will send you an email once … Read more

Overview of Zerodha in India When we speak about the best investment and trading apps in India, Zerodha comes to mind for most individuals who regularly invest in shares, mutual funds, and securities. Founded by Nikhil and Nitin Kamath, Zerodha is India’s largest stock brokerage firm, with millions of customers and clients. At Zerodha, one can use trading services and invest in mutual funds and many other securities at flat fees and cheap commission rates. Zerodha leverages technology to serve its customers. They operate in online mode, with fewer offices and branches all over India. This helps them to maintain their profitability and lessen the operational cost of their business. This allows them to cut costs and offer low-cost trading platforms to their customers. They have multiple product offerings, like Kite, a trading platform, Console: The main dashboard to give an overview of investments and transactions, Coin: for investing in mutual funds; Kite: an API to create trading platforms and systems; Varsity: A learning portal about the stock market, shares, investment, and finance. These are the main products of Zerodha. Despite being a successful trading app in India, people still question its safety concerns and policies. So, let’s discuss whether Zerodha is safe or not. Or, whether Zerodha is legal in India or not? Is Zerodha safe and legal? Yes, Zerodha is a 100% safe and reliable stock broker firm in India. It is a 100% legitimate online trading app in India and among the low-risk brokerage apps. It is registered with SEBI and a member of NSE and BSE, with all the genuine certifications and licenses to conduct the broking business in India. Whatever transactions you do via Zerodha, all are closely monitored by SEBI and stock exchanges at a regular frequency. In the event of any deviation, they are penalized heavily. Besides, Zerodha does not do trading itself. So, there is no risk of getting the client’s money used for another purpose. Also, it is a member of the CDSL depository, which makes it more safe and legal to use for trading and investment purposes. Regulatory compliance by Zerodha Zerodha is a member of the National Stock Exchange, Bombay Stock Exchange, and Multi Commodity Exchange in India, with its registered office in Karnataka, India. It follows all the procedures, guidelines, and legal protocols laid down by SEBI, RBI, and the Government of India to start a trading business in India. Over the years, Zerodha has taken several safety measures to protect investors’ interests, clients’ information, and most importantly, their money. At Zerodha, clients’ funds are kept in separate bank accounts rather than the operational bank accounts. This ensures the client’s funds are not used for personal purposes. They have implemented two-factor authentication for long and short transactions, which adds more safety to the transactions done via the Zerodha App. They have also incorporated SSL certificates on their website and application to win over the customers’ trust for making hassle-free payments and transactions. While Zerodha has implemented these security measures, it’s important to note that no online platform can guarantee 100% security. Users should also take precautions, such as using strong passwords, keeping their login credentials confidential, and being cautious while accessing their account from public or shared devices. It’s always a good practice to do your own research and due diligence before using any online trading platform or app. Additionally, consider consulting with financial advisors or professionals to make informed decisions about your investments. Safety measures by Zerodha Now let us talk about the safety measures taken by Zerodha. 1. Hosting First things first, Zerodha’s hosting services and servers are the best in the world, and they follow all the guidelines set by industry standards to secure all the information of their customers. Their hosting comes with SSL certificates on the website and places to prevent eavesdropping. Despite knowing that there is no such thing as perfect security over the internet, Zerodha still makes sure that your data and personal information are kept safe and secured all the time. Whenever you make any transaction via Zerodha, your data is transmitted between your device and its services using the HTTP protocol and encryption. HTTPS technology is used to create secure web browsers and surfing experiences on the internet. 2. Technology Technology is another reason why we can justify the fact that Zerodha is 100% safe and secure. For more than seven years now, they have been building technology with a team of expert engineers without depending on external vendors. They have complete control over their technology and data, which makes them safe. On top of that, their technology stack is as per modern standards. They have also been working on a new security and authentication system to ensure that the Zerodha app and website are safe from the rising cases of phishing and other cybersecurity scams. Also, their platforms have had cryptographic TOTP 2FA support for a while, and we are the only broker to offer this. The trading platforms that we have developed, incorporating good design, simplicity, and usability, are a major reason for the growth in our client base via word-of-mouth. The products speak for themselves. 3. Authentication Zerodha follows a two-factor authentication system, which makes their platform safe and sound. This works like a charm and prevents unauthorized access to your Zerodha account. The scale of their system is also huge, and their app keeps on running 24*7 all day and night. They have not seen any downtime since they launched their application. The top 5 other brokerage apps in India have faced several downtimes and technical glitches. However, this is not the case with Zerodha. 4. Risk management Zerodha is one of the most conservative brokerage firms in India in terms of leverage. This ensures very little operation risk for businesses. They have a single risk management policy for all their clients and no special deal for anyone else. Thus, the risk management system is lean, and the probability of something going wrong is … Read more

Books are a great way to learn about investing and trading and understand how to make money from money. So, if you are looking for the best books on the stock market in India, you have come to the right spot. In this guide blog post on the best trading books, I’ll walk you through the collection of the best books to read as a beginner and as an expert on trading, share markets, money, value investing, and everything in between. All the books listed here are written by experts and traders with years of experience who have been in the market for more than a decade and created a significant amount of wealth over time. So, reading books by experts would surely add value to your knowledge and help you to truly understand money and the market. So without further ado, let’s get started. 18 Best Trading Books 1. The Intelligent Investor If you are looking for trading books for beginners, then this is it. Written by the greatest investor of all time, Benjamin Graham, this book is the best gift to all those who want to invest their money and earn from the markets. It aims at safeguarding the investor’s money and helping them with strategies of long-term investment, which is also called value investing. In this book, Graham has explained various principles of money, investing, and trading in stocks safely and successfully without incurring major losses. This is the latest edition of the book, which highlights the financial orders and plans to help you grow your money safely and hassle-free. The best part of the book is the strategies and techniques mentioned, which can also be applied by a beginner or newbie in the market. As you dive deep into this book, you’ll learn how to buy stocks or bonds for their intrinsic value and hold them for a longer duration. Besides, it will also teach you how to estimate the value of a stock based on the company’s long-term vision, quality of management, financial strength, and capital structure. Why should you read it? Currently, this is the most insightful book on investing and making money from holding stocks for the long term based on their intrinsic value. This is not a book on how to become rich quickly by investing in stocks; rather, it guides you through the power of value investing. Pros Cons 2. How to Make Money in Intraday Trading: A Master Class by One of India’s Most Famous Traders If you are seriously looking for the best book on trading in India, then this is it. Written by one of the most famous market analysts and expert traders, Ashwini Gujral, this book is surely your gateway to the Indian stock market and trading. The core focus of the book lies on technical analysis and how to use it to the fullest to make money in trading. The book talks about no-nonsense techniques, strategies, tips, and insights surrounding day trading in India. It will also help you get equipped with the skills, temperament, and knowledge required to make money in the market. Ashwani has also done a great job by writing about his time-tested trading strategies and system, which are easy to learn and understand. You don’t have to be a seasoned player in the market in order to understand the book. Even if you have basic financial knowledge, you can think of buying this book. In this book, Ashwani talks about the 3Ms of trading success, which are method, money, and management, and how the combination of all three M’s can be leveraged to kick-start your trading career. Ashwani also talks about the technical pillars of the market, which are moving averages, pivots, candles, trade management, and some exit tactics to help you buy and sell your share at the right time and book your profits. Why should you read it? It is loaded with more than 200 examples, case studies, and charts to show you how to approach the market every single trading day like a professional investor. Pros Cons 3. Trading in the Trading Zone Do you want to improve your trading decisions and minimize trading errors? If yes, then this book on stock trading is just for you. Written by seasoned traders and investor advisors, this book will explain to you what kind of mindset is needed to win the market and guide you through trading strategies. In the market, even the most experienced and pro-traders can suffer setbacks from poor decisions and trading errors. They also lack the necessary confidence to conduct the trades properly. This highlights the mistakes that traders make and will teach you about the state of mind required to make successful trades in the market. It also teaches traders to think in terms of probabilities and how to adopt another’s mindset. There are also some practical examples mentioned in the book to make it easy to understand for beginner traders. Why should you read it? Trading in the Zone is a must-read book for any beginner or serious trader who wants to develop a mindset just like a professional trader. The book gives you some practical examples, insights, and case studies on what it takes to think and perform like a pro trader in the market. The author has also done a great job by using a pictorial representation of ideas and examples to make it easier to digest. Pros Cons 4. The Psychology of Money The Psychology of Money” is a book that dives deep into the intricate relationship between psychology and money. Authored by Morgan Housel, who is a well-known financial writer, the book likely explores the various psychological factors that influence our financial decisions, often in ways we may not fully understand. Here are some potential topics and themes that might be covered in the book: Behavioral Economics: The book might discuss insights from behavioral economics, a field that studies how psychological factors impact economic decisions. It could explore how emotions, … Read more

As the pandemic hit India in mid-2020, there was a stringent rise in demand for stock trading apps in India, namely Groww, Zerodha, and Upstox. These apps allowed individuals in India to invest their money in stocks and shares, invest in IPOs, gold bonds, and mutual funds, and start their SIP within a few clicks. But the question arises: are these apps safe or not? After all, it is quite intimidating to share your personal and bank account details with these apps for investment purposes. In this blog post, I have discussed the most popular debate on the web, “Is the Upstox app safe?” Upstox is one of the most popular stock trading apps in India, with millions of users and clients. However, some individuals still judge Upstox on its safety and are in a dilemma about whether to use it or not. So, if you want to know if Upstox is safe or not for trading and investment, then keep reading this blog post. Here is the highlight of this blog post. 1. Is the Upstox app safe in India? 2. Regulatory Compliance by the Upstox App 3. Security measures and features of the Upstox App for safety 4. Data privacy policy by the Upstox app 5. Customer support through the Upstox app Overview of the Upstox App in India Upstox is the top-rated discount brokerage firm in India that offers an online platform for investors to invest their money in stocks, shares, mutual funds, and many other related securities. They are accessible, affordable, and simple to use with an intuitive user interface, making it easy for traders and investors to use the application. Upstox was started in 2009 as an RKSV firm in a small apartment in Delhi. In the initial days, they were serving a small number of customers and helping them grow their investment in equities. Later, they moved to Mumbai, and the customer base went up to thousands of users. Later, Kavitha joined Upstox and scaled up their growth strategy, finance, operations, and marketing. This was just the beginning of their scaling. In this phase, the company kept experimenting with new technology, strategies, and techniques to grow their business and provide seamless trading experiences to their customers. In the year 2020, Upstox reached the mark of a million customers, and in 2021, they added a million customers in just a single month. Since then, the customer base of Upstox has grown day after day. all thanks to their marketing strategy and partnerships with the IPL and other cricket leagues in India. A major chunk of customers do come from word-of-mouth referrals as well. Is the Upstox app safe for trading? The Upstox app is 100% safe and certified by the market regulator, the Securities and Exchange Board of India [SEBI]. It is also a member of two leading stock exchanges in India, namely the Bombay Stock Exchange and the National Stock Exchange. Hence, it is surely a safe and secure option for all your investment needs. It also follows all the security guidelines and compliance requirements set by the RBI and the Securities Exchange Board of India. Besides, Upstox leverages the power of the latest technology. In fact, they are a technology-based firm that provides services in the space of finance. They use the necessary tools, latest technology, framework, cyber security measures, encryption, and firewalls to keep your money safe and secure all the time. Is Upstox Safe for Mutual Fund Investment? Yes, Upstox is also safe for all the mutual fund’s investments and starting your SIP. On the contrary, Upstox does not charge a single penny for mutual fund investments in India. You can start your SIP for free by using Upstox. You will see loads of mutual fund options on Upstox listed by various asset management companies in India. There are funds from various categories, including small-cap, mid-cap, large-cap, hybrid funds, equity-oriented funds, debt funds, and a lot more, that will help you save tax and give better returns in the long haul. Regulatory Compliance by the Upstox App Upstox has followed all the regulatory compliance by SEBI and RBI, which makes it a 100% safe platform for trading and investment. It is also a registered member of SEBI, NSE, BSE, MCX, and CDSL. The company is also regulated by all the stock broker regulations, which further adds to its safety. To further ensure security, Upstox uses the TPIN number, which is required to verify the identity of each user for call and trading purposes. With TPIN verification, no user can trade. This will curb the chances of someone else using your account for trading, theft, security issues, hacking, and related cyber fraud. Hence, Upstox is safe for trading and investment purposes. Security Measures of Upstox for Safety Trust, security, authentication, and transparency are the most important factors that Upstox takes into consideration for the safety of their users. Upstox ensures that the funds and money of each investor are safe and secure. That’s the reason why they take users’ trust and safety seriously. Upstox will never compromise the user’s information and personal details regarding their bank account or other information with any third-party vendor or marketing service. They have an impeccable track record with all their users over the years for privacy and trust, making them one of the best trading platforms in India. Besides trust, Upstox also takes security very seriously and ensures not to release customer information and sensitive data to third-party vendors and advertisers. Users trust and personal information are both safe with Upstox. From your email address to bank account details, every piece of information is safe and secure. Upstox is also protected with two-factor (2FA) authentication.2-factor authentication protects the application against unauthorized access and protects the sensitive information of the users. Its purpose is to make it harder for cyberattacks and reduce fraud risks. Is it safe to open an account on Upstox? Yes, it is 100% safe to open an account with Upstox because it … Read more

Introduction Do you want to invest in the stock market? Do you want to take a step towards wealth creation via investment in SIPs or mutual funds? If your answer to the above two questions is yes, you have reached the right spot. In this blog post, I will walk you through the step-by-step process of using the Groww App for investment in mutual funds and shares. This is going to be a detailed guide post, so sit back and relax, and take a cup of hot coffee and chips to enjoy reading this blog post. Before moving ahead, here’s a highlight of the blog post. What is the Groww app? How does the Groww app work? Is the Groww app safe in India? How Do I Use the Groww App for Mutual Fund Investment? How to Use the Groww App for Share Investment? What is the Groww app? Groww, established in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, is an online investment platform based in Bengaluru, India. This platform enables users to invest in various financial products, such as mutual funds and stocks. The Groww app stands out for its user-friendly interface, and it does not charge commission or brokerage fees for mutual fund investments. In addition to facilitating investment transactions, the Groww app offers a plethora of tools and resources to assist users in making well-informed investment decisions. These resources include detailed fund performance data, expert insights, and investment recommendations. With over 1 crore users, Groww has gained popularity as a go-to investment app in India. The platform has established partnerships with more than 35 prominent asset management companies. Groww’s success is underscored by numerous accolades, including the Best Investment App at the India Digital Awards 2019 and the Best Investment App at the India FinTech Awards 2020. How does the Groww app work? Trading in the stock market or investing in mutual funds is not free. When you invest in the stock market, it is surely not for free. You have to pay a small commission to the broker for the actual transaction. This commission depends on your volume of trade. For example, if the volume of your trade is more than you need to pay, you need to pay may brokerage-free, and vice versa. Groww App charges a flat fee, which reduces the costs. That’s the reason why they are disruptors in the brokerage industry. They believe in charging zero brokerage, thus increasing the savings amount with customers. But this does not mean the Groww app does not charge any money or is not profitable. So, how profitable is the Groww app? Unlike other brokerage firms in India, Groww App is profitable because it does not have too many operation costs and branches in India. This reduces their cost of assets and significantly increases their profit. Also, they don’t offer any advisory tips or services because of conflicts of interest and to cut costs. Moreover, the Groww App also keeps overhead costs low by leveraging the latest technology and expertise. How do I create an account on the Groww app? Now here comes the main part of this blog post, which is how to use the Groww app for your mutual fund investment in India. So, this is going to be a detailed walk-through guide in pictorial format. Make sure that you follow these steps in order to invest in mutual funds through the Groww app. Download the Groww app from the Play Store. First things first, you need to download the Groww app from the Play Store if you are using an Android phone. If you are using an iPhone, then you can use the Apple App Store and download the Groww App. After downloading the Groww app from the Play Store or App Store, you need to register your cell phone in the Groww app. Make sure you register on the app via a cell phone that is connected to your Aadhar Card, PAN card, and bank account as well. This will help you get the OTP on the same cell number with easy approval. Now click on the send OTP button to get one top password on your cell phone. The Groww App will automatically verify the OTP that you get on the cell, and then you can click on the Verify button below. After the verification, you need to enter your PAN card details and Addhar details as well, if required. After entering your Pan Card details, your name will be picked automatically by the app, and then you can click on the Create Account button below. For example, my name is Nike, and it will ask you to confirm your name. You can confirm it and hop on to the next step. In the next step, you need to select your gender. From now on, the main steps to creating your account on the Groww app will start. Make sure that you fill in every detail carefully in this step. In the next step, you need to select your material status. Select married if you are married, and single if you are unmarried. Now select your occupation from the range of options available to you. If you are working in a private job, then select the private sector, or you can opt for any other option depending on your work profile and the industry in which you are working. In the next step, you need to select your annual income. In this step of creating an account on the Groww App, most people get confused. The Groww app is not asking for monthly income as such. You need to select your annual income, which is how much total money you make in a year. In the next step, the Groww app will ask for your trading experience. If you are a beginner, then you can select 0–1 years. If you are a professional trader or have good knowledge about the stock market and trading, then you … Read more

The usage of investment and stock trading apps in India is growing day by day, especially after the post-pandemic era. With just a few taps on the screen, you can invest your hard-earned money into mutual funds, SIPs, gold, bonds, securities, stocks, shares, and other financial instruments. But you may be wondering, Are these apps safe? After all, it surely seems a bit scary to share your bank details and other personal information with these apps for investment purposes. In today’s blog post, I’ll walk you through a popular debate on whether the Groww app is safe for investments in India or not. The Groww app is one of the most popular investment apps in India, with millions of users using it to invest their money in stocks and SIPs. However, some people still wonder if the Groww app is safe to use or not. So, keep reading this blog post till the end, and you’ll surely get to know whether the Groww app is legal or safe to use in India or not. Highlights of this blog post: A. Is the Groww app safe in India? B. Regulatory Compliance by the Groww App C. Security measures and features of the Groww app for safety D. Data privacy policy by the Groww app E. Customer support by the Groww app Overview of the Groww App in India With more than 40 million customers, 1000+ team members, and loads of awards and recognition, Groww App is one of India’s best stock trading and investment platforms that makes investment hassle-free for beginners and experts in India. The aim of the Groww app is to provide an easy-to-use investment portal, allowing all investors to safely and securely invest their funds. With this app, you can invest in shares, IPOs, bonds, and most importantly, mutual funds, or start your SIP within a few clicks. I am personally using the app for mutual fund investment, and it has been quite easy for me to use it rather than investing via a broker or advisory firm. Is the Groww app safe in India? The short answer to this question is yes. The Groww app is 100% safe and legal to use in India. Here’s why? The Groww app is incorporated with legal memberships, and it is a CDSL depository participant and a registered stockbroker with the Securities Exchange Board of India. On top of that, it is also a member of reputed stock exchanges in India, like the NSE and BSE. They have all the legal memberships and accreditations that are required to start a secure trading platform in India. Many investors in India, especially retail investors, fall prey to unauthorized advisors and firms, so registering with the SEBI and following all the compliance formalities was their foremost condition before starting the Groww app. Groww consistently prioritizes a customer-centric approach, ensuring a transparent and seamless investment platform that aids customers in achieving their financial goals. They remain unwavering in delivering high-quality service while safeguarding the security of the channels through which customers invest. At Groww, safeguarding customer data is of utmost importance, and they employ robust encryption measures to protect critical information, transactions, and investment details. Recognizing the need for a secure and trustworthy investment platform in India, Groww has proactively addressed this gap by creating a platform that prioritizes integrity. The Groww app is designed with the vision of providing customers with complete transparency and keeping them informed about the specifics of their investments, ensuring an honest and informative investment experience. Regulatory Compliance by the Groww App Groww is registered with SEBI and follows all the compliance that is required to start a trading business in India. They have also partnered with depositories in India and closely work with the top stock exchanges in India and audit agencies to ensure that your accounts and funds are safe with the highest level of protection. Security measures and features of the Groww app for safety When it comes to the security measures taken by Groww App, they are surely one step ahead of all the other similar apps in India. They are committed to maintaining top-notch security to protect your data,money, personal banking information, and so much more. They prioritize security above everything else. In this section, I’ll walk through the security measures taken by Groww for safety. 1. Cloud infrastructure The Groww App uses the Virtual Private Cloud on the Google Platform, which serves as secure and robust technology hosting for Groww. This enables them to keep their site up and running and deliver top-notch services to their customers. With their cloud infrastructure, Groww App ensures identity and access management by adhering to principles of least privilege. They ensure that their employees have access to only the relevant data that is required. Groww App also ensures network segmentation and isolating environments to make sure that security is top-rated and prevents unauthorized access. They also have solutions in place to mitigate DDOS attacks that serve as a protection shield for all their public endpoints. Moreover, they have advanced web firewalls in place for protection against various cyber attacks like SQL injection and other threats and vulnerabilities. 2. Endpoint security  All the endpoints of the Groww App are protected with antivirus software and antimalware solutions for better protection against viruses, cyber fraud, and other internet and online vulnerabilities. 3. Client-side security I already told you that customers’ privacy, safety, and security of their data and personal information is a top-notch aim of the Groww app. To ensure this, they have two-factor authentication and three-factor authentication, which require OTP when users log in to a new device or browser. 4. VPNs Groww App uses the Zero Trust Network Access platform to make sure the security of their remote access for the hybrid workforce and on-premises capabilities are safe and secure. This helps them with the inspection of URL filtering, user identification, and secure end-to-end connections between cloud-based and internal apps and traffic in the network. 5. Audit and … Read more

If you are into the world of stock marketing, trading, and investment, then you must have heard of the name Zerodha. If you are wondering what Zerodha is and how it works, then this blog post has got your back covered. Zerodha is surely India’s top trading and investing app, with millions of users. However, there are still many people unaware of what Zerodha is. With that in mind, I have curated this blog post titled “What Is Zerodha, How Does It Work, and How Does It Make Money?” to help you better understand this application. This blog post is going to be a guidepost of 3000+ words, so sit back and relax. Or, get yourself a cup of hot coffee or tea and enjoy this blog post. Here are some highlights of this blog post: A. What is Zerodha? B. How does Zerodha work? C. How Does Zerodha Make Money? D. Zerodha Founder’s and Company Information F. Is Zerodha safe and legal in India? D. Zerodha Features and a lot more What is Zerodha? Zerodha is the number one and largest stock broking app in India and is known for its flat-free discount brokerage services in India. The application also offers services in the domain of investing in equities, currencies, commodities, IPOs, futures and options, mutual funds, bonds, and government securities. You can open a free demat account with Zerodha and kick-start your trading and investing journey. The best thing about Zerodha is that it charges Rs 0 on equity delivery traders and direct mutual funds. For intraday trading, it charges Rs 20 or.3% commission on the trader, whichever is lower. The maximum brokerage you pay to Zerodha is Rs 20. So, with its amazing online trading and investment services and low flat fee brokerage services, Zerodha has become the number one trading and investment app in India. Zerodha also works towards continuous improvements and innovation, enabling it to march towards becoming the fastest and number one fintech company in India. How does Zerodha work? You already know that trading in the stock market is not free. When you buy or sell shares or securities, you have to pay a certain commission to the broker for the actual amount of your transaction. This commission is a brokerage fee, which is the percentage of your turnover or total value of your trades. This is not the case with Zerodha, which charges a flat fee, which helps in cost-cutting and saving the investor money. That’s the reason why Zerodha is a disruptor in the online trading market. Zerodha believes in charging zero brokerage, which helps their customers save more money. Besides, Zerodha does not offer any advisory services, which further helps them reduce their costs. Most of the brokers in India have relationship managers who offer advisory services to their clients. This creates a conflict of interest as the relationship manager is paid commissions and fees when the client trades or pays brokerage. Zerodha also leverages advanced technologies, such as AI and ML, rather than outdated technology, which helps them scale up their businesses through unnecessary costs. One example of this is their online customer support system, which allows customers to express their doubts and issues via an online portal, and their queries are promptly answered. This reduces unnecessary costs while also ensuring good customer service. How does Zerodha make money? Now that you have understood what Zerodha is and how it works, it is important to understand the business model of Zerodha and how it makes money. 1) Flat fee and high volume transaction Most of the revenue of Zerodha comes through a flat fee on intraday and F&O trades. It charges a late fee of Rs 20 on intraday trades, irrespective of how large the volume is. Also, instead of charging more commission per transaction, Zerodha focuses on building great products so that a large number of customers can trade and invest through their platform. 2) Startup incubation and investments  Besides offering trading and investing services and products, Zerodha has also invested in some startups, companies, and businesses, which has yielded them good returns on investment. Some of the most successful investments of Zerodha include those in companies like Small Case, a trading algo platform, Cred [a credit management company], Tradelab [a company that builds technology for capital market businesses], and LearnApp [a course platform in the domain of investment, trading, technology, and management}]. 3) Mutual fund AMC In the year 2019, Zerodha launched its first alternative investment fund, True Beacon. The aim behind building this fund was to take advantage of the volatility in the markets for high-net-worth individuals with a minimum investment of $2 million. In its first year, True Bacon earned a 13% ROI. Because of the success of True Beacon, Zerodha also applied for a mutual fund license and 4) Low cost of marketing Although this does not have any direct impact on the earnings of Zerodha, it does help them save significant amounts of money on advertising and marketing. I know you won’t believe in the fact that the company grew to 6.5 million users without taking any VC money or burning on advertising and marketing. Community outreach, offline telemarketing, and word of mouth were the three main reasons behind the success of this company. 5) Low overhead costs  The overhead costs of Zerodha are also very low, which indirectly impacts their profitability and total revenue earned. They have a very small team with a limited number of offices across India. Also, the majority of their customer support tasks are automated, which further helps them save money and cut costs. Moreover, they leverage technology and AI to build their products and provide the best and most hassle-free trading experience. Zerodha Founder’s and Company Information Nitin Kamath, the visionary founder and CEO of Zerodha, astutely recognized the challenges faced by investors and the general populace of India when it came to navigating the complexities of the stock market. He meticulously pinpointed three significant obstacles … Read more

If you are interested in trading, investment, the stock market, and mutual funds, then you must have heard of the name of the Groww App. If you don’t know what Groww App is, then this blog post is surely worth reading till the end. In this 3000+ word guide post, I will explain in detail what the Groww App is, how it works, who can use it, and what features and products to watch out for. This is going to be a guide post, so make sure to take a cup of coffee or tea, sit back, and keep reading the blog post to learn more about Groww. What is the Groww App? Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww App is an online investment platform in India that allows its users to invest in various types of securities like stocks, shares, mutual funds, commodities, futures and options, and other financial products. The company is headquartered in Bangalore, India, and is known for its user-friendly platform for investing in a wide range of financial products. The cool thing about the Groww app is that it does not charge any commission on mutual fund investments. This makes it unique and sets it apart from other apps on the market. On top of that, it offers a wide range of investment tools and resources to help its users make wise and informed decisions about investment. For example, it offers fund performance data, expert insights, calculator tools, and various types of investment recommendations that might help beginners as well as expert traders. Since its inception, the popularity of Groww App has gone up to another level, with over 1 crore users and partnerships with more than 35 different asset management companies, making it one of the most used financial apps in India. For its remarkable user experience, Groww App has also been rewarded with the 2019 India Digital Awards for being the best investment app in India. Here are the general steps for using the app to invest in mutual funds: A. Download the Groww app from the App Store. B. Open the app and create an account by providing your basic information. C. Complete the KYC (Know Your Customer) process by uploading your PAN card, Aadhaar card, and a photograph. D. Once your KYC is approved, you can start investing in mutual funds, stocks or shares. E. Select the payment method (UPI, net banking, or debit card) and complete the payment process. F. Your investment will be processed, and you will receive a confirmation message. How Does the Groww App Work and Make Money? In order to understand how the Groww app works or makes money, you need to understand its business model first. Growwapp generally works on a freemium business model, which enables its users to access the platform for free investment and generate revenue through other value-added services and add-ons. The platform allows users to invest in various financial assets like shares, stocks, mutual funds, and much more. It also offers free demand account opening and charges certain account maintenance fees and brokerage charges. Besides, the company also offers some premium services, like tax planning, investment planning, trading services, and financial planning, for which they charge a certain fee. Moreover, Groww App also earns some commission for paid advertisements and from some asset management companies for listing them on top recommendations. Here is a detailed overview of Groww App Revenue sources: 1) Mutual Fund Commission This is where the majority of the revenue from Groww App comes in. It makes more than 50% of its total revenue from the commissions paid by asset management companies. When you opt for any mutual fund from Groww App’s top recommendation, that particular company pays a high commission to Groww App. In return, mutual fund companies get a huge customer base. 2) Additional services It also offers some additional services to help investors make wise decisions about finance, helping them earn good returns and make money from the market. 3) Brokerage  Another major chunk of the revenue of Groww App comes through its brokerage charges and demand account maintenance. When a user places any stock or share option via Groww and decides to sell it, the Groww app charges a certain brokerage commission. That’s because you need a broker to sell your asset or shares to another party. The commission depends on the total value of your investment, and it is directly proportional to it. Meaning, if the value of your share and investment is higher, then the brokerage commission will be higher, and vice versa.  Moreover, Groww App also makes a decent amount of revenue through its partnership with various financial companies in India for advertisements and banner ads on the platform. Is the Groww app legit in India? The short answer to this question is yes. The Groww app is 100% safe and legal in India. It is a CDSL depository participant and a registered stockbroker with the Securities Exchange Board of India. It is also a prominent member of the BSE, NSE, and other stock exchanges in India. They are also backed by all the legal memberships and accredited with the relevant license that is required for starting a stock trading business in India. Since the beginning, Groww App has had a clear vision of registering with SEBI and meeting all the compliance formalities. Besides, Groww has always been focused on customer-first approach policies by offering their customers a transparent and seamless investment platform. They never compromise the quality of service, safety, data privacy, or anything else when it comes to investment. Also, Groww App uses a single brokerage rate for all the customers to ensure the chopping off of any operational risk. Their simple pricing policy with no hidden fees sets them apart from other stock market platforms in India. Groww App Company History and Founders Information In the year 2016, four Flipkart employees—Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh—quitted … Read more