Top Investment Apps
  • 7 minute read

    • Top & Upcoming Investment Apps in India in 2024

    An engineer by culture, but a Marketer by choice. Loves building great products that create a difference. On the lines of being a full-stack marketer.

    Let’s evaluate each of the top investment apps and explore them in detail. We’ll dive into the details of each app and what are the core features that make them stand out.

    A Quick Glance

    Name of Investment AppsValue Proposition
    OropocketSuitable for tokenized investments in gold, silver and crypto
    Recur ClubAvenue for investments in startups through a revenue-sharing model
    Tyke InvestOffers CSOPs as a way to invest in startups
    StockGroPerfect for beginners to learn investment planning using virtual money
    LeadOffConnects investors with private equity firms
    Alt DRXTokenised real estate investments
    Zerodha KiteWorks great for beginners and seasoned investors, but most premium features are expensive. Regional support is a great plus for diversity.
    CashrichBest App to manage easy SIPs for beginners
    GrowwGreat app for beginner investors and mutual fund investments
    FYERSVery unique and engaging interface. Great for first-time investors
    UpStoxCustom-designed, discounted broker app that deals with Stocks, MF & IPOs
    Angel BrokingSingle-window trading experience with the most exhaustive technical indicators to aid investors
    SmallcaseTheme-based portfolio for stocks

    Fintech innovation has made investing accessible with a single click on your mobile device. Top investment apps in India make it easy for beginner investors to gain financial literacy while investing.

    The ease of access, premium security and user-friendly features make wealth maximisation achievable for everyone. As the investor pool increases, investment apps are expected to provide attractive features giving investors exposure to a large market.

    However, there are so many investment apps in India offering various services that it becomes hard for a first-time investor to choose a platform. Upcoming investment apps also need to cater to all types of investors if they want to scale rapidly.
    This is precisely why we have evaluated the best apps for investment in India to match your investing goals. Each of these apps incorporates unique technology and caters to different investment forms.

    Evaluation of the Best Investment Apps in India

    In this section, we’ll evaluate and explore each of the top investment apps in detail. We’ve gone ahead and done the research for you. We’ll dive into the details of each app and what are the core features that make them stand out. After that, we go into the pros to answer why you should use a particular app. 

    Do note that we’re not ranking these platforms in this list but creating an ever-updating repository of them! Let’s dive right in.

    Oropocket

    Backed by IDBI Trusteeship Services Limited, Oropocket is a universal platform on a blockchain. Investors can invest in digital gold and silver or trade crypto through this platform. These funds are typically a good hedge against inflation.

    Features:

    1. Investors can use digital assets as real money through UPI.
    2. Dual vault system in UK and India that can be used globally.
    3. Indian vaults can liquidate their assets and get physical gold delivered.

    Pros: 

    1. No hidden charges, storage fees, or insurance fees.
    2. Instant loans or staking assets can be availed.
    3. Tokenization of assets.

    Recur Club

    This is Asia’s first trading platform where companies can monetize their recurring revenue for borrowing working capital. Recur Club empowers startups by providing effective strategies and assisting in fundraising. This money investment app in India raised $30 million in April 2022

    Features: 

    1. Investment access to multiple revenue streams like SaaS, Edtech, D2C subscription, Insurance, Media, services and other industries.
    2. Their USP is the creation of a new asset class.
    3. Subscription-based financing platform.
    4. AI and ML models help in creating the financial products of a company.
    5. Cross-platform trading is available.

    Pros: 

    1. Helping startups raise funds without diluting equity.
    2. Provides opportunities for financial institutions to invest in startups.
    3. Have helped 30 startups raise capital.

    Tyke Invest

    This platform has made investing in innovative startups accessible to everyone. They help companies raise funds through CSOP (Community Stock Option Plans), where communities can fund startups.

    Features: 

    1. Have a strong community
    2. Provide key metrics with inbuilt analytics. 
    3. Your funds will be invested in an Escrow account with banking partners managed by SEBI registered trustees.
    4. Their fee is 2% of the amount subscribed, and 2% of the redemption value

    Pros:

    1. Subscription is an easy online and seamless process.
    2. KPI tracking is where you can track, monitor and review your portfolio.
    3. Deliver quarterly updates from startups you have invested in.

    “Decentro’s APIs have always been a hot topic of discussion at Tyke invest. It has been seamlessly good so far and we’re all set to go along with them. From penny drop APIs to validate bank account details of thousands of our customers, their APIs ensure a successful hit every time. This is the future of fintech, cheers team Decentro.”

    Karan Mehra, Founder at Tyke Invest

    StockGro 

    StockGro is a social investment platform with an interactive virtual interface. They try to help youngsters invest informedly through gamification and competition without losing money.

    Features: 

    1. Trade with virtual money.
    2. Play and learn concepts.
    3. Different portfolios are named Default, Alpha, and Beta.
    4. Upon registration, Rs. 10,00,000 in virtual currency is awarded.

    Pros: 

    1. Giving exposure to market behavior.
    2. Connect with other investors and discuss trading strategies.
    3. Simple and effective user interface.
    4. The trader who performs best is awarded a cash prize.

    LeadOff 

    This revolutionary tech platform connects investors and shareholders of privately owned companies.

    Features and Pros:

    1. User-friendly dashboard. 
    2. Easy access to IPO subscriptions.
    3. The minimum investment amount required is Rs. 10,000.
    4. Expert team of research analysts.

    “Decentro’s APIs are constantly powering the payment collection stack at Leadoff. We are fortunate enough to have Decentro at our end which helps us set up a dedicated flow for simple collection with Virtual Accounts and UPI-based payments along with Automated Reconciliation, all with their simple yet powerful APIs. We’re highly confident with the team and systems at Decentro which makes us believe in looking forward to growing exponentially in the coming years.This is the future of fintech, cheers team Decentro.“

    Nikhil Agrawal, Founder at Leadoff

    Alt DRX

    This is a private, tokenized and fractional real estate platform for retail investors and asset owners. They monitor, maintain and manage the income-producing assets of their clients. 


    Features: 

    1. Blockchain technology.
    2. Machine learning algorithms
    3. Total asset management services are provided.
    4. Fractional ownership of the property.


    Pros: 

    1. Can earn regular monthly income.
    2. Professionals manage assets.
    3. Own verified asset.

    “Banks work well but the months-long approval is what breaks the flow. We were fortunate enough to connect with Rohit from Decentro who made sure to help us set up a dedicated flow for simple collection and reliable payouts. All this in weeks.
    Decentro’s APIs are simple yet very powerful when it comes into play. We at Alt DRX are highly confident with the team at Decentro making us believe to grow exponentially along with Decentro. More power to the team at Decentro.”

    Anand Narayanan, Founder at Alt Realtech Pvt Ltd

    Zerodha Kite

    A favorite among traders due to its robust technology platform and numerous features, Kite is considered one of India’s best apps for investment. It is recommended for beginners, investors and advanced traders who want to invest in equity, direct mutual funds, bonds, IPOs, etc.

    Features:

    1. Advanced charts, market data, analytics and research by their team of experts.
    2. Works well in low bandwidth and has a dark mode with a simple interface.
    3. Supports 10 regional languages and has biometrics for login.

    Pros:

    1. Beginner-friendly and user interface.
    2. No brokerage for delivery in mutual funds and equity delivery.

    Cashrich 

    Cashrich is a name that often comes up when investors ask which app is best for SIP (Systematic Investment Plan) investments. This is the only app in India that offers dynamic SIP options. They also provide higher returns than the usual SIPs.

     Features: 

    1. The unique feature of this app is that it helps you file ITRs seamlessly by linking your quarterly profits to your IT statement.
    2. Customised investment options 
    3. Choose from multiple mutual fund schemes
    4. Automatic top-up of SIPs to reach financial goals quicker
    5. User-friendly app interface

    Groww

    Groww is considered the best app for mutual fund investment. You have to complete a paperless KYC, and you can immediately start investing in mutual funds. It also offers investment opportunities in mutual funds, equity, derivatives, fixed deposit, IPOs, SIPs, and international stocks (in USA).

    Features and Pros:

    1. You can switch from a regular mutual fund to a direct one without charge.
    2. No brokerage charge for mutual fund investments.
    3. Assists in portfolio insight and comparison of mutual funds.
    4. No opening and account maintenance charges.
    5. Simple and user-friendly interface.

    FYERS 

    They have an innovative investment method named “themed investment category” that allows investing in themes of your choice. FYERS provides investment opportunities in equity, IPOs, and mutual funds.

    Features:

    1. Provides advanced trading features like a stock screener, 100+ technical indicators, portfolio tracker etc.
    2. No brokerage on mutual fund investments.
    3. Offers a 30-day challenge to encourage retail traders and give them confidence.

    Pros: 

    1. Good for beginners with a user-friendly interface.
    2. No charges for account opening and account maintenance.
    3. You can use advanced charts at no cost.
    4. Data of more than 20 years.

    UPSTOX PRO

    A discounted broker app, Upstox Pro is riding on the back of marquee investors such as Ratan Tata and Tiger Global Management is known for its wide range of trading and investment opportunities, from stocks, currency, commodities, and mutual funds—probably one of the most widely used applications in India,  owing to its flexible and versatile nature.

    Features 

    1. A seamless and uncluttered interface offers easy browsing
    2. Offers a host of features such as a market watch, live stock quotes, and advanced charts, among others.
    3. Advanced charting tools with more than 100 technical indicators.
    4. Access to NSE cash, futures and options, and various currencies.

    Pros

    1. Charges zero commission fee for mutual fund investments.
    2. Availability of margin accounts 

    Angel Broking

    The application that introduced a single-window trading experience and insightful trade monitoring features that aid real-time stock updates, Angel Broking is considered a godsend tool for inexperienced investors.

    Features

    1. Live stream of stock quotes, charts, and market info
    2. Real-time online fund transfer to over 40 banks
    3. Pre-made portfolios are suitable for beginners and bulk traders
    4. Get instant and real-time news flashes and reports.

    Smallcase

    In an attempt to ease the journey of wealth generation, and personal finances for the masses, Bengaluru-based Smallcase, allows users to invest in model portfolios adhering to “themes” or a strategy.

    Features

    1. Control over Investment Portfolio with Portfolio diversification as a bonus
    2. Smallcase investments do not have any additional exit load charges or have any lock-in period.
    3. Smallcase investments give direct control over the holdings. 
    4. Taxation and Benefits between equity mutual funds and Smallcase is the same.

    Parting Thoughts

    Though many investment apps exist in India, choosing one that fits all your investment plans is essential. 

    The overview of these apps is based on research done by the Decentro team. Decentro helps power investment apps via financial APIs, loading them with user-friendly features before they go live. Quite a few of the above-mentioned apps, like Oropocket, Recur Club, Tyke Invest, StockGro, LeadOff, Alt DRX have been powered by Decentro to help them go live. 

    What’s more?

    • Verify & Onboard Customers & Merchants in real-time via KYC and Digilocker.
    • Get recurring E-Mandate enabled on your platform via
    • Simplify payments via bank transfers, QR payments, UPI transfers, and more!
    • Reconcile all transactions & payments in real-time, fully-automated, via virtual accounts
    • Issue prepaid instruments to manage to spend smartly for your partners and vendors and earn interchange commission. 

    If this intrigues you as a business, be sure to read more on our Product Guide.

    Which other app do you think is the top investment app in India? Tell us in the comments below!

    Do you have an investment app that you’re looking to make live?