The Best Stock Brokers in India Who Rule the Indian Stock Market
In recent times, it has been seen that investors have invested their money in the Indian stock market. While the general perception is that stock market investments carry high levels of risk compared to other investment channels, the rapid growth of the Indian stock market has attracted many people to stock market investments. According to a report by Goldman Sachs, the Indian stock market can grow to over $ 5,000 billion to become the fifth largest market in the world in just three years. All the top stock brokers in India have witnessed an increase in the number of investors willing to invest their money in different stocks.
Now, if you are ready to invest in stocks, the first thing that you should keep in mind is that you would need a stock broker who will act as an intermediary between you and the stock market. The role of securities broker is essential because he acts as your single point of contact for all matters relating to stock market investments. That is why all investors prefer to choose the best brokers in India to get their services. There are mainly two types of stock brokers in India: full service stock brokers and discount brokers.
While a full service broker provides all types of trading tools as well as investment advice in exchange for a higher cost, a discount stock broker provides all of the relevant trading tools for a price. reasonable or low cost. Below are some of the leading stockbrokers in India. .
Considering the leader in the discount brokerage landscape, Zerodha is based in Bangalore and accounts for over 15% of the overall retail trading volume in the country. The leading discount broker was founded by Mr. Nitin Kamath in 2010 Kamath and currently has over 3 million clients.
Zerodha is a combination of Zero + Rodha. Zero refers to 0 while the term “Rodha” means barriers. In this way, Zerodha is on the verge of breaking down all the trading barriers that equity investors typically face like high brokerage fees and substandard trading tools.
Compared to other stock brokers in India, Zerodha is known to have a straightforward brokerage model which makes it a go-to choice for new and experienced stock market investors.
Another popular name on the stockbroker list is Upstox. It is one of the fast growing stock brokers in the country and generally preferred by high volume traders looking for high margins, competitive brokerage and state of the art trading platforms.
The biggest advantage of Upstox is that it is backed by some of the notable Indian businessmen like Mr. Ratan Tata, Kalaari Capital and GVK Davix.
Upstox brokerage is in line with Zerodha. However, it does not incur any brokerage for the delivery segment.
3. Brokerage angel
Launched in 1987, Angel Broking is one of the established names in the stock brokerage industry and is primarily known for its advanced trading platforms and results-driven research and advisory services.
Angel Broking also offers services in the commodities category and is a member of NCDEX & MCX. The brokerage firm is also listed on CDSL.
Angel Broking offers a flat 20% brokerage discount on all types of online transactions. It even provides free SMS counseling services for the first 3 months.
4. India Information Line (IIFL)
India Infoline or IIFL is one of the reputed names in the securities brokerage segment. The stock broker started operations in 1996 and gained immense popularity in a very short period of time. At present, it has a remarkable presence in over 500 locations across the country.
The IIFL offers a wide variety of financial products such as stocks, bonds, derivatives, MFs, IPOs, insurance and corporate FDs. However, it is important to note that the stock broker does not have a banking license and does not offer direct mutual funds.
Being one of the leading stockbrokers in India, Sharekhan is known to have over 12 lakhs of clients at present. The stock broker came into action in 2000 under the SSKI group. The brokerage firm was acquired by BNP Paribas for Rs. 2,200 crore in 2015.
In terms of total customer base, Sharekhan ranks 3rd after Zerodha and ICICI Direct. The stock broker has experienced tremendous growth in recent times. Sharekhan’s brokerage fees are a bit higher compared to other full-service brokers.
There are many other full service and discount brokers in India that provide a plethora of equity investment services to investors. The selection of a particular broker depends on a number of factors such as brokerage, trading platforms, advisory services, customer support, account opening procedure, etc.