Not that, I am promoting them. It's just that after researching a lot, I analysed these two discount brokers 5paisa and Zerodha have done fairly well in the past few years. May it be their services, customer support or trading apps, all have improved massively. Don't you think so?
Posts made by Smart2Investor
RE: Wisdom Capital Review: Brokerage Charges, Is it a good Discount Broker, India?
RE: How to open PPF Account online in SBI?
@Harleen PPF is a very very popular investment scheme in India. And, whenever I hear someone talking about PPF, I learn that many people have an SBI PPF account. I feel opening a PPF account in SBI seems to be a favourite of investors. While there are various other banks and post offices also offering PPF account opening facility.
Is there any specific reason for going with SBI PPF account? or Is it just a matter of choice? Any idea on it!
RE: Sharekhan vs. Zerodha: Comparison of Stock Brokers India
@Ishu Yes, Zerodha and Sharekhan are amongst the top stock brokers in India, as far as I know. However, Zerodha is a discount broker and Sharekhan is a full service broker, the main point of difference between these two stock brokers.
Although, Sharekhan is quite old company and has more number of branches as compared to Zerodha. The latter has build a good name in the stock market world. Moreover, the most attractive point for Zerodha is the free equity delivery trades and exposure margin of upto 20x that's worth looking into here. This is what I feel. Do share your views on Zerodha vs Sharekhan: Comparison and what do you think about these brokers.
RE: Kuvera Review : Charges, Features for Direct Mutual Fund Investments
@sdadwal I think I have covered the most important points about a popular mutual fund investment platform "Kuvera" here. You'll also get an overview of the Kuvera App. I have tried to keep it simple.
Investment in Mutual funds:
Mutual funds are quite simple to comprehend and you are supplied with an immediate advantage of instant diversification and asset allocations without the necessity of large investments to generate portfolios. Mutual Fund offers major benefits with respect to returns on a better scale.
When it comes to investment towards Mutual Fund you can either invest directly or through regular distribution/brokerage platforms. But, today we will not explore brokerage platforms or not just about any other platform for Mutual Fund investment.
Today, I bring to you the various features, benefits and unbiased review about Kuvera app.
Why Investing With Kuvera App Direct Funds Is Better than Regular Mutual Funds Platform?
Kuvera is the world’s first completely free financial planning and direct Mutual Fund investing platform with zero fees and several additional features. For direct mutual fund plans investors, Kuvera is the completely free internet portal. The platform is basically free with no hidden fees, no test period, and absolutely no worries on the size of the portfolio that you have.
Apart from the zero transactional fees, it also provides free financial advice.
Direct Investment Fund platforms charge you for recommendations on investments which may be discretionary whereas regular mutual funds do not charge you something for recommendation.
But Kuvera, in spite of being a direct platform ensures free recommendations and expert advice based on years of experience and data-driven strategy in real time.
Kuvera Direct Mutual Fund App Review
A goal-based investment is the main feature of the Kuvera platform. Whether you want to buy a house, a car or any goal that you have always desired for can be achieved by setting your goals right with the Kuvera platform. It ensures that the investor of fund identifies the related risks.
Kuvera provides direct mutual plans with a one-click switch from the standard mutual fund plans from non-demat accounts directly to your account. The system enables you to readily import current plans. It also enables you to manage many different portfolios of your family members and friends by signing up with a single account.
With Kuvera, when you are looking for investment, it takes a while to complete the KYC. Kuvera has an outstanding, easy-to-use and intuitive app which ensures that selecting the choice of your funds and setting up the SIP is a breeze. The dashboard is easy and very efficient in understanding your profit/loss in absolute terms and percentage. They also show XIRR (Extended Internal Rate of Return) when various investments are made in instalments throughout the financial year.
Funds from the Industry leading Fund houses
If you are looking for the type of direct plan Mutual Funds that are available with Kuvera, it has a good mutual fund lists across the web.
The other features of Kuvera embrace easy withdrawals, fund choice, setting up goal based portfolios, no tax on redemption, and a lot of saving. Investment on direct plans through Kuvera, therefore, yields greater profit than regular plans provided by comparatively other platforms.
Did I miss any crucial point while sharing the Kuvera App review? Do let me know.
FundsIndia Review: Investment Platform for Mutual Funds, Equity, SIP & ELSS
I like discussing on different investment platforms. This time I have brought and exclusive Funds India Review for you to checkout.
FundsIndia is an exclusive online investment platform in India where people can make investments in mutual funds. Its resilient technology offers an array of the various mutual fund options to users from many leading investment houses in India.
In addition, the users also get access to BSE stocks, corporate fixed deposit schemes, and many other investment options in a single place. Therefore, FundsIndia is a single-window solution to the users for their investment and trade necessities.
Funds India offers investment advice to its users in equity, mutual funds, super savings account, fixed deposits, IPOs, NCDs, and many more with negligible or no brokerage charges.
Its robo advisory facility called Money Mitr recommends various fund and investment options to its clients based on their investment requirements. Thus, owing to its robust investment advice, the users have invested around ₹6200 crores across 2,000 Indian cities via the platform.
Advantages of Investments through FundsIndia
The users of Funds India can avail the following benefits on using the platform:
Zero charges for opening an account with FundsIndia.
Free advice on mutual fund investments.
A small brokerage charge deducted from the users’ account.
Extensive research at the primary level via robo advisory, thereby avoiding human errors in investments predictions.
Round the clock physical and electronic security via 256-bit encryption for all customer data.
Brokerage Charges of Funds India
FundsIndia platform charges discounted brokerage charges for financial investments related to equity and derivatives. It charges ₹20 for every executed order of equity delivery, equity intraday, equity futures, and equity options. However, no brokerage charges are imposed for mutual funds.
Account Opening Charges
You can open a trade account or a demat account with FundsIndia free of cost. In addition, there is no account maintenance charge (AMC) for a demat account. However, AMC is applicable for maintaining a trade account from the second year of account activation.
FundsIndia App: Accessing Funds India via Mobile App
The mobile app of FundsIndia has gained prominence among the users because of its frequent app updating feature. Some unique features of the app that make it popular are:
The app allows making investments in mutual funds and equity.
The app offers robo advice, which is similar to Angel Broking’s ARQ feature.
The users have easy access to market watch list. Moreover, alert messages can also be viewed conveniently.
The app also provides news updates from the share market and investment suggestions regularly.
However, the allocation of assets and separation of funds are vaguely displayed on the app.
FundsIndia is a unique online investment platform that offers guidance to its users for making fair and wise investments. It guides its users about fund and investment choices through its robo advisory facility called Money Mitr to make trade decisions in mutual funds, equity, super savings account, recurring deposits, and more.
You can open a trade or demat account with Funds India free of charge. Moreover, AMC is applicable only from the second year for maintaining a trade account. More so, the platform does not levy any brokerage charges for mutual fund investments. Therefore, Funds India is an ideal online platform, which provides valuable insights for investing in mutual funds.
However, this is not the only investing platform offering such attractive benefits. Look around, you'll get a plenty of mutual fund platforms providing great services. So, which one do you prefer? Feel free to share your views.
RE: What is full form of ELSS? Meaning
@Ishu ELSS or Equity Linked Saving Scheme is definitely a good investment option to go with as per my viewpoint.
ELSS or Equity Linked Saving Scheme: Benefits
Here are some benefits and points that must be considered while putting your money in these tax saving funds:
1. Amount eligible for Tax deduction: When you invest in ELSS, the amount qualifies for tax deduction under section 80C of The Income Tax Act.
2. Shorter lock-in period: There is a not so long lock-in period of 3 years in ELSS. A kind of short mandatory holding period as compared to investments like PPF, NPS etc.
3. Analyse your risk profile: However, you should invest in ELSS only if your risk appetite allows you to do so. This means, if you have the can bear risk to invest in equity, then only go for ELSS. No doubt, ELSS i.e. Equity Linked Scheme can offer superior returns.
But, equity can be volatile in a short term of 3 years. Since ELSS funds invest in stocks. So, you need to be careful.
If planned wisely, ELSS can prove to be a good investment instrument thereby contributing to a solid financial portfolio. Now, this is what I think. What about you, any investing ideas to add here? Are my views on Equity Linked Saving Scheme worth considering? Do let me know.
Finvasia Review: Brokerage charges, Demat & Trading Account Opening
I really like discussing about different stock brokers in India. This time I have picked Finvasia for my review. So, let's have a closer look at the Finvasia brokerage charges and other important details about this investment platform. You'll also learn the how to open aFinvasia demat and trading account. In fact, the demat account opening process is almost similar with all the online brokers in India.
India has a diversified financial sector experiencing rapid expansions, both in terms of solid growth and new startups entering the market. Recently, I have been highlighting many of the financial and investment companies here in India. Today we continue our analysis on the Indian market as usual. The talk of today is "Finvasia", a rapidly growing financial company in India.
Finvasia: About the Company
Finvasia is a Chandigarh based financial investment company founded by ex-Wall Street professionals in the year 2016. The company is amongst India’s fastest growing technology-driven financial (Fintech) company. Along with India, the company is established in 14 other countries across the globe.
Finvasia Company is commonly called as a “one-stop shop for Foreign Portfolio Investors (FPI)” for all the investors who seek to make investments in the Indian markets.
Finvasia Review: What does the company offer?
The company provides a wide range of financial services like:
- Trading in equity, currency and commodity.
- Asset management
- Investment banking
- Advisory services
- Currency hedging, etc.
The company supports retail, institutional and foreign customer’s users as well. It also offers advice to investors who plan to diversify their investments and build their own portfolio, across borders and asset class. Moreover, it is also looking into providing services; Clearing Services, Margin Funding, Depository Services and more.
In addition, it also offers many trading platforms like ScalperT, NEST, NOW, the flagship Web & Mobile Trading App.
How to Open an Account at Finvasia?
It takes less than 5 minutes to open an account on Finvasia!
Enter all the required details (your PAN number, email id, Date of birth and select your password) and your account is created.
What are the charges? | Pricing Plan of Finvasia
The platform operates on “NO BROKERAGE” policy and is a free account facility. Thus opening, transacting and managing your account and portfolio on Finvasia is “free of cost”.
But, the platform does charge for annual maintenance cost for account operating on the application. Even though the account is free, all statutory cost for operating the investment through the stock exchange and banks will apply as usual.
Note: A few of the trading applications can be chargeable.
What is the benefit of choosing Finvasia?
The company provides an easy and free account opening process which can be easily accessed and used by their investors.
Apart from being transparent and user-friendly, the platform provides so many services and trading opportunity.
Their online “Chat Service” and “Customer support team” can assist you with your financial and trading needs. One can easily navigate and select the most suitable opportunity or opportunities to achieve their financial goals.
Finvasia: A Final Take
India is among the growing vibrant global economies, on the back of robust banking, insurance, and technologically advanced financial sector. With Finvasia in the market, many investors are likely to get benefited with the smart platform which perfectly resonates with its tagline, “Finvasia: Invest with intelligence”.
RE: Which are Best Full Service Brokers in India? Top List 2019
@Sandra Although PL India is quite old platform. But, with new and emerging brokers offering low cost models, the competition is tough. The investors and traders get more inclined towards discount brokers also as compared to full service brokers in India these days. Isn't it true? What do you say?
Groww Review: Invest in Mutual Funds through Groww App
I am an investor and love to review different trading and investing platforms. So, I just wished to discuss one such investing medium. Let's have a look at GROWW: Features and Review. I have tried to answer few common queries related to Groww App and how to invest in mutual funds through it.
Investment at Your Fingertips:
Internet and globalization has brought the biggest boom in our life. The world has shrunk and fits into a small screen of the mobile phone. With the advent of technology, the mobile phone has turned from a technological tool to a social tool. Everything you need is just a click away.
My father always says, “Discussing about investment and checking opportunities regarding the same was humongous task” during one time. I told him, “Let me shock you” and then I introduced him to one of the new mobile applications: “GROWW”.
What is GROWW? App Importance
GROWW is a Bengaluru based investment company which was formed in 2017.
It is an investment platform which allows its user to invest into mutual fund market directly (i.e. without any agent or broker involvement). This application is available on iOS, Android and the web.
This application offers more than 5,000 mutual funds, which can be invested in directly from its app.
How to start investing through Groww?
There are two different ways to start your account:
- You can visit the website of the mutual fund distributor platform.
- The second method is via a dedicated Groww Mutual fund investing app.
To start investing in mutual funds, you must key in all your personal details (KYC details) viz., Name, AADHAAR card, PAN Number, Bank details. Along with these details the scanned copy needs to be uploaded.
Once all the KYC details are verified, your account will be active and you are ready to start investing. After the account opening, follow simple three steps to build your own portfolio.
- Choose the mutual fund you want to invest in.
- Enter the amount of investment you are looking for such investment.
- Confirm and Pay.
Is it safe to invest money through Groww?
GROWW application is designed with 256-bit encryption which acts as a firewall against any information theft. All personal information and portfolio details are stored using the same security analog.
Also all the transactions (payments and receipts) of Asset Management Corporation is done via BSE. Thus, the money trail impacts or hits directly the BSE account and never the application funding.
What are charges of using GROWW application and investing under the same?
It’s a FREE platform. GROWW does not charge any commission or brokerage as the funds are invested directly into the market with no middle men involvement. Thus, there are no charges or fees for transacting on GROWW.
What are benefit of using GROWW?
GROWW helps you to find the correct fund fit for your investment needs by personally assisting you to achieve your goals. The Groww application is quite user-friendly. Thereby helping you and me to browse through and choose the correct investment policy and scheme with ease.
Moreover, the application also provides a dedicated “customer support” to help the investing process. The mutual fund platform provides a flexible and user friendly platform which can help us to grow our savings and achieve our financial goals.
The practice of comparing your kids to your neighbour’s kids is not a new problem. But, getting envy from your own kid’s generation is something new. I learnt this fact, when I showed the GROWW platform and discussed the features with my father. Investment made “simple and free of cost”.
Hey, I am not an endorser of Groww It's just that I liked this mutual fund investment platform and the Groww App personally so couldn't resist to express my views.
How to transfer shares from one Demat account to another?
I just wish to discuss a very basic query. An important one for investors and traders especially beginners. Have you ever thought How to transfer shares from one Demat account to another? or Have you tried transferring shares?
Sometimes you may wish to open a new demat account with a different stock broker. In fact, there can be various reasons for doing so.
- You may have more than demat accounts and wish to consolidate to one.
- Or you want to try services of a different popular stock broker.
- You wish to try a new discount broker offering low brokerage plan.
- To shift from discount broker to a full service broker.
Whatever the reason for transfer of shares, you are looking for an easy way out. Right!
So, if you already have shares in your existing demat account. What to do about it? You may wish to transfer shares from one demat account to the other. So, now the question is: How to transfer shares from one Demat account to another?
Firstly, there are 2 types of transfers based on 2 national depositories i.e. NSDL and CDSL.
- Intra-Depository transfer or Off-market transfer: within a Depository itself.
- Inter-Depository transfer: Transfer from one depository to other.
Let's check out how this is actually possible in easy steps.
Transfer shares from one Demat account to another: Process
1. Manual transfer of shares:
Get Delivery Instruction Slip (DIS) from your stock broker.
Complete all the details like beneficiary owner ID, International Securities Identification Number(ISIN) as required in DIS.
You also need to provide the mode of transfer and sign the form.
Submit this to your present broker.
You may have to bear some charges for transferring shares that vary for different stock brokers in India.
2. Online transfer of shares:
You also have a procedure to transfer shares online. CDSL has the facility for transferring shares online.
- Register at the CDSL website.
- Select "Register Online" Link.
- Click the "Easiest" option.
- Fill the form with all the relevant details.
- Print the form and give it to Depository Participant(DP).
- Your details shall be verified.
- Once verification is complete, you will receive login details in your registered e-mail ID.
- You can login and transfer your shares easily.
That sound a simple process to transfer your shares online. Isn't that? Did I miss any crucial detail here? Do let me know and add it to increase our knowledge.
RE: Where to invest money for good returns in India? High Return Investments
@Trader-buddy Hey, that's quite informative. I would also like to add my views here. I feel is one has surplus money, investing in real estate can also be beneficial. I know the market is low these days. But, it won't remain so always. And, if you talk of good long term investment option, this can generate good returns over a longer period.
Real estate market is one of the fastest growing markets in India. With booming commercial development and expanding cities, real estate can be taken as highly funded market with good returns. Buying a plot or space or flat right now is one of the wise decisions amongst all the other investment options. The risks are comparatively very low and return over the period can be huge.
So, whether you earn through rental income or sale of property, both ways it sounds good. What do you think? Am I correct in saying so?
What are documents required for Demat account opening online in India?
We keep on reading about different stock brokers offering demat account in India. Have you analysed what are the basic and most important documents required for opening a demat account with any of the stock brokers.
Firstly, you need to fill the basic details and personal information in Demat form.
For your reference, I have compiled a list of crucial documents that you must have while opening a new demat account. The list is more or similar for all the stock broking companies.
Documents required for Demat Account Opening:
- PAN Card: This is mandatory for all individuals
- A Proof of identity: This can be your driving license, PAN, AADHAR, Voter ID.
- A Proof of Address: AADHAR, Passport, Voter ID.
- Bank account proof: It can be a cancelled cheque or copy of bank passbook. Bank statement not older than 3 months can also be provided.
- Income proof: This is mainly required if you wish to trade in derivatives. ITR acknowledgement, salary slip etc.
- Photographs: 2-3 passport size. Moreover, if yo open account online and do e-verification, you may not require this as well. Isn't that great?
Have you opened your demat and trading account? If yes, you might be knowing what documents you submitted for the same. If not, just note this list and keep these handy while opening your demat account.
What I believe is, opening a demat account has become very easy these days. Since the entire process has been made more convenient for the customers. What are your views on the demat account opening process? The inclination towards online account opening, e-signing and quicker processing has further simplified the whole system.
RE: What is effect of Election on Stock Market in India? Real Impact
@Anmol Stock markets are highly volatile. In common man's language, stock markets are subject to rapid fluctuations or changes. Do you agree to it? Now, where does this volatility comes from? Of course, from the ongoing events, internal and external factors going on in the country.
So, investors and experts tend to turn cautious during the election periods. Since, unpredictability is common during this period, so it somehow effects the stock market as well. There is likely to be some turbulence but markets tend to normalise after a certain period.
However, elections are not the only factor that impact the stock market. There are numerous others that can't be ignored.
Paytm First vs Ola Money SBI Credit Card: Key Differences
You might have already heard about 2 latest entrants in the bunch of credit cards in India. One is Paytm First Credit card and the second is Ola Money SBI Credit card, both launched almost at the the same time. So, I just want to highlight the key differences between these 2 credit cards: Paytm First vs Ola Money Credit Card.
Paytm First vs Ola Money Credit Card:
1. Joining Fees:
Paytm First credit card has a joining fee of Rs.500 only. This shall be waived if your spending exceeds Rs.50000 during a year. On the other hand, Ola money is a free credit card i.e. it has no joining fee.
2. Cashback facility:
For Paytm First credit card, it is 1% unlimited cashback on all categories. For Ola money, cash back and rewards in form of ola money to be redeemed for ola rides, hotel bookings and flights etc.
Both are giving early bird offers in different forms that shall be for a limited period. Like Rs. 500 Ola Money on first transaction, cleartrip voucher, dining offers etc. Whereas Paytm is offering 15% discount at partner restaurants, movie ticket offers etc.
In fact, both these credit cards sound really attractive to me. Two somewhat similar cashback credit cards launched simultaneously. Let's see which one is able to attract more customers. Which of these credit cards you like? Are you inclined towards getting any of these?
RE: Fincare Small Finance Bank Wiki: How safe it is to invest?
@Anmol Small finance banks provide basic and limited banking services. Fincare Small Finance bank is one such Small Finance bank having its corportae office in Benagluru, Karnataka. It has already opened a number of branches across India. The primary aim of setting up of these banks was to provide banking to the rural and unbanked sectors in India.
Fincare Small Finance Bank provides products like savings account, current account, fixed deposits and affordable loans etc. Interest rate is also 6% to 7% on savings account.
Further, long term FDs offer interest rate ranging from 8%-9% or even higher for senior citizens based on duration of FD. Presently, they are offering high interest rates on FDs and savings account. These seem to be quite lucrative and attract a number of customers.
But, still one needs to be very cautious before putting money. Just check all the necessary terms and conditions before investing your money. If anyone had a real experience with any of the small finance banks, do share your feedback.
What is your Review on Ola Money SBI Credit Card India?
Hi, Ola has launched a visa powered credit card in partnership with SBI. What do you think about this Ola Money SBI Credit card? I read, it is a free credit card and has no joining fee. Powered by Visa, this Ola Money credit card is available on the Ola site.
Further, they are offering various cashback offers like:
- Ola cab: 7% cashback
- Flight bookings: 5% cashback
- Domestic hotel bookings: 20% cashback
- International booking: 6% cashback
- Restaurants: Upto 20% cashback
Similar to what Paytm launched with Citibank earlier, through its Paytm First Credit card. Ola Money has joined this race and come up with this attractive new credit card in tie-up with SBI.
So, here's another trending cashback credit card that shall provide seamless experience for the user.
One after the other, these credit cards are being launched. After all, where are we heading? Of course, in an affordable digital world where customers can have an enriching experience altogether. Right!
Do share your review on the Ola Money SBI Credit card in India? What do you think are the pros and cons of this card? Do share your views.
RE: What is ULIP? Full form, ULIP Meaning, Features & Benefits
@Tarun So true! As a common man one needs to be cautious and aware of our investments. There are so many investment options these days. ULIP used to be popular many years back. But, now it has lost traction.
People are more inclined towards modern ways of investing like mutual funds. I also agree that ULIP is not the best investment alternative when you have so many better options available.
RE: SIP vs PPF: Which is Better Long Term Investment Option? Comparison
@Harleen I think SIP in mutual funds is a better way of investing as compared to age old method like PPF. You can invest even a small amount through Systematic Investment Plan (SIP).
So, this seems to be an ideal choice for the people who wish to invest small amount of money regularly. Now, if you ask me, SIP vs PPF which is better, I'll definitely favour SIP in mutual funds looking at the returns and other important factors.