Top 5 Investing Apps in India: Which App is Better for Investing?

The Indian stock market has become increasingly accessible to everyone, from seasoned investors to complete beginners. Gone are the days of relying solely on traditional brokers and complex paperwork. Now, a number of user-friendly investing apps are here to help you take control of your financial future directly from your smartphone or desktop. 

But how exactly do you determine the best trading app in India for beginners or the platform that perfectly aligns with your specific investment goals? In this blog, we will discuss the top 5 investing apps in India, providing you with a detailed analysis to help you make informed decisions.

We will dive into each app’s key features, strengths, and weaknesses, examining aspects like user interface and experience, brokerage fees, the range of available investment options, educational resources, and the overall ease of use. Let’s begin!

Which app is better for investing? An overview

Trading app	Play Store Rating	App Store Rating	Charges
Dhanush	4.4	4.7	0 account opening charges; 0.002% Charges per order on Equity Intraday & Futures (Commodity, Currency & Equity); ₹10 Per lot on Options (Commodity, Currency & Equity); 0.05% Charges on Equity Delivery
Zerodha Kite	3.7	3.8	0 brokerage; ₹20 for intraday (per executed order)
Angel One	4.5	4.4	₹20 on commodities, FX, and F&O
Upstox Pro	4.5	4.3	₹20 for equity delivery trades, intraday, etc.
Groww	4.8	4.3	₹20, or 0.05%, for equity trading and equity delivery

1. Dhanush

Backed by Ashika Group’s 30+ years of experience, Dhanush is rapidly gaining recognition as a versatile platform within the Indian investment landscape. It distinguishes itself by offering a comprehensive suite of features designed to cater to both novice investors and experienced traders. However, what makes Dhanush different from others is the unique balance of offering full-service brokerage services at a discounted broker’s pricing.

Key Features of Dhanush:

• Extensive Investment Options: Dhanush provides access to a diverse range of investment opportunities. You can seamlessly trade stocks, participate in Initial Public Offerings (IPOs), trade Futures & Options, use Margin trading facility – all within a single, integrated platform.
• Intuitive and Powerful Platform: The Dhanush platform is designed with user experience in mind. Its interface is clean and easy to navigate, even for beginners. At the same time, it doesn’t compromise on advanced features. The platform boasts sophisticated charting tools, real-time market data, and in-depth reports by analysts to help you make informed decisions.
• Competitive Brokerage Plans: Dhanush understands the importance of cost-effectiveness. They offer a range of competitive brokerage plans tailored to different trading styles and investment volumes. Their pricing is transparent, ensuring you know exactly what you’re paying. You can check the pricing page here.
• Dedicated Research Services: Dhanush goes beyond simply providing a trading platform. They offer dedicated research reports by SEBI-registered analysts to help you identify promising investment opportunities.
• Why Dhanush is a Top Contender: Dhanush differentiates itself by providing a truly comprehensive investment solution. Its commitment to user experience, coupled with its wide array of investment options and robust features, makes it a compelling choice for anyone looking to navigate the Indian stock market effectively. 

Dhanush caters to both short-term trading and long-term investment strategies, making it a versatile platform for investors of all levels. Its well-rounded approach makes it a strong contender for the top 5 investing apps in India list.

Also read: How to Select the Best Online Stock Trading Platform in India? A Beginner’s Guide

2. Zerodha

Zerodha disrupted the Indian stock market by pioneering the concept of discount broking. Its low brokerage fees and straightforward platform have made it a well-known name among investors and active traders.

• Key Features:
  
  • Commission-Free Equity Investments: Zerodha’s most attractive feature is its commission-free investing in equity stocks for delivery trades. This significantly reduces trading costs, especially for long-term investors.
  • User-Friendly Kite Platform: The Kite platform is known for its simplicity and ease of use. It provides essential trading tools and market data in a clean and intuitive interface.
  • Extensive Educational Resources via Varsity: Zerodha’s Varsity is a vast repository of educational content covering various aspects of investing and trading.
• Why Zerodha is a Popular Choice: Zerodha’s simple interface and cost-effective approach make it particularly attractive to beginners and high-volume traders. It’s a great option for those who prioritise low fees and a streamlined trading experience.

3. Upstox

Upstox has gained significant popularity due to its strong backing and focus on technology. It provides a seamless trading experience with innovative features designed to enhance efficiency.

• Key Features:
  
  • User-Friendly Pro Web and Mobile Platforms: Upstox offers both a web-based platform and a mobile app, both designed with a focus on usability and functionality.
  • Pre- and Post-Market Analysis: Upstox provides pre-market and post-market analysis to help you stay informed about market trends and potential trading opportunities.
  • Margin Trading Options: Upstox offers margin trading facilities, allowing you to leverage your investments.
  • Investment in Digital Gold: Upstox allows you to invest in digital gold, providing an alternative investment option.
• Why Upstox is a Good Option: Upstox is ideal for investors who seek a technologically advanced trading platform with a range of features to enhance their trading experience.

Also read: Understanding Trading Costs: The Dhanush Advantage Explained

4. Angel One

Angel One, formerly known as Angel Broking, has successfully transitioned from a traditional brokerage house to a tech-driven platform. It offers a wide array of services, catering to both traditional investors and modern traders.

• Key Features:
  
  • ARQ Prime Advisory Tool: Angel One’s ARQ Prime is an AI-powered advisory tool that provides personalised investment recommendations.
  • iTrade Prime Brokerage Plan: The iTrade Prime brokerage plan offers competitive pricing and additional benefits.
  • Personalised Advisory Services: Angel One provides personalised advisory services to help you make informed investment decisions.
  • Access to Research Reports: Angel One provides access to research reports from its team of analysts.
• Why Angel One is a Versatile Choice: Angel One is a versatile platform that caters to both traditional investors and tech-savvy traders, offering a blend of online and offline services.

5. Groww

Groww is renowned for its clean and intuitive interface, making it particularly appealing to new investors. It simplifies the investment process, making it easy for beginners to get started.

• Key Features:
  
  • Easy-to-Use Platform: Groww’s platform is designed for simplicity and ease of use, making it ideal for beginners.
  • Direct Mutual Fund Investments: Groww allows you to invest in direct mutual funds, bypassing distributor commissions.
  • Investment in Stocks and ETFs: Groww also allows you to invest in stocks and ETFs.
  • Simple and Transparent Pricing: Groww’s pricing is simple and transparent, with no hidden fees.
• Why Groww is Good for Beginners: Groww’s emphasis on simplicity and ease of use makes it an excellent choice for those taking their first steps in the world of investing.

Also read: Top 4 Trading Mistakes That Beginner Traders Make (And How to Avoid Them)

Conclusion

The top 5 apps for stock trading in India each offer unique strengths. By carefully evaluating your needs and comparing the features of these apps, you can make an informed decision and embark on a rewarding investment journey. Remember to do your research, understand the risks involved, and start investing wisely.