Resources To Get You Started
One sloppy app can cost you thousands or even lakhs of rupees in a second. Who would want a slow and dead app with dangerous malware to handle their investing? We wouldn’t. So, here are the perfect tools you need to get set and start investing.
We, here at AssetYogi, bring to you our tried and trusted resources. We hope that these tools will be your loyal friends all through your investing journey.
Be it Stocks, Mutual Funds, Bonds, ETFs, Debt Instruments or even Invoice Discounting; we have got you covered from end to end. From hundreds of platforms out there, we introduce you to this Sacred Bundle of Seven, which is our go-to bunch of Apps and websites.
Tools
Direct Investing - Stock Market
The most basic requirement for investing in the stock market is having a Demat Account. Here we have the leading discount brokers of the market that offer competitive pricing and stellar products.
Zerodha
The stock market is fast. Your broker should be faster. That is exactly why we chose the Zerodha Platform for you. Zerodha is the pioneer of Discount Broking in India that changed the Stock Broking Industry forever. It’s a highly Tech-focused platform that takes Trading seriously. Zerodha has built a world-class product in the form of Kite with the best user interface. Serious traders just love the product and its speed.
Zerodha has integrated with all industry-leading Financial Product Companies, be it Smallcase for Stock Portfolios, Sensibull for Options Trading, GoldenPi for Bonds, Streak for Algo Trading, Quicko for Taxation and so on.
And all this comes at a fraction of the cost that you pay to a full-service broker. For Equity Delivery (Stock Investing), you pay 0 brokerages and for Intraday and Futures and Options, you pay only 20 per order or 0.03%, whichever is lesser.
Every serious trader today has at least one Zerodha Account.
You can open your Zerodha Account here:
Upstox
Following the footsteps of Zerodha, we have Upstox here for you another tech-focused discount broker. With an extremely user-friendly interface, Upstox even had Ratan Tata invest in it. Along with some really advanced technology, it also has special brokerage credit offers and saves you serious money if you are into trading.
Angel One
Formerly Angel Broking, now Angel One, is in the game for more than two decades. If you are looking for some initial hand-holding and guidance, Angel One is the place for you. You’ll be assigned a relationship manager as well as you’ll be provided stock recommendations, reports and analysis and all the initial help. They also provide a paid ARQ service in which you get rule-based investment advisory. It basically recommends you up to 15 stocks for investment. All this at the price of a discount broker.
Currently, you can open a free Demat account with Angel One using this link:
Alternate Investing – Mutual Funds, Bonds & Debentures and Invoice Discounting.
Smallcase
A much cheaper alternative to Mutual Funds that helps you copy the best stock bundles without any limitations. It’s an amazing alternative for those who want more control over which stocks are included in their bundle. Using Smallcase would save you from the entry and exit loads and the extra cost that asset managers charge you. Simply put, it makes you money and saves you from the extra costs.
Explore Smallcases here: https://link.smallcase.com/a7CuM6k1Ihb
Bond Investing
GlodenPi Technologies
Looking for bonds to invest in? GoldenPi is the largest platform to bring the bond market closer to the retail investor. It’s the first online marketplace for bonds and debentures. Backed by Zerodha, GoldenPi is Technology-driven with a vast variety of bonds. The idea is to provide an alternative to debt mutual funds wherein you can be in control of which bonds to pick. They also have an inventory of bonds that are not listed on the Stock Exchange. Earn upto 10% of fixed returns from Bonds at a lower risk.
Wint Wealth
Looking for alternative investments apart from the stock market? Wint Wealth helps you invest covered bonds where you start as low as Rs.10,000/- at a lower risk and earn around 9-10% fixed returns. The platform is not registered with SEBI, however, they take their own precautions and safety measures to ensure high levels of security for the investor’s money.
TradeCred
Invoice Discounting is a short-term investing alternative for retail investors that were once inaccessible. Initially the discounting took place in cash. However, TradeCred has made it easier online and more accessible to retail investors. Although, the product is unregulated TradeCred itself undertakes security checks and covers most risks.