If you’re ready to invest in the stock market to make more money, then you need a broker. A broker is a person or company that acts as your agent in buying and selling stocks. When you have a broker, they can help manage your investments, provide guidance and assist with research. The right broker will also be able to give you advice on what stocks to buy and sell when to sell, and when to hold on to your shares.
There are many different types of brokers out there so it’s important that you understand what they do before choosing one. Here are some questions to ask yourself before choosing a stockbroker:
Zerodha is India’s first online discount brokerage company that offers low-cost trading through its platform zerodha.com and mobile app. It was founded by Nithin Kamath in 2008, who was previously working with Goldman Sachs. The company offers features like auto-rebalance options, smart watch lists, and advanced order types along with other benefits for its clients.
2) Reliance Securities
Reliance Securities is a leading stock brokerage firm in India. It was established in 1993 and is headquartered in Mumbai, Maharashtra. Reliance Securities is a subsidiary of Reliance Capital. The company offers a wide range of financial products and services to individual investors as well as institutional clients. The company operates through its branches across India and overseas locations including Hong Kong, Singapore, and Dubai.
3) HDFC Securities
HDFC Securities is an Indian equity broker that provides trading services to retail and institutional investors through its network of branches across India. The company was founded in 1999 by HDFC Bank Limited to provide trading services to its customers. To ensure the quality of its services, HDFC Securities has been certified with ISO 9001:2008 certification by TUV Rheinland since 2001. Apart from trading shares on the NSE, BSE and MCX-SX, HDFC Securities also provides online share trading services through its website hdfcsecuritiesonline.com
4) ICICI Securities
This is one of the largest financial institutions in India. It offers trading facilities for equities, bonds, commodities, and currencies. It has over 400 branches across India and abroad. It also provides trading software like CATS (Computer Aided Trading System) and e-KYC (Know Your Customer) facility which are considered some of the best software in the country today.
5) ICICI Prudential AMC
ICICI Prudential Asset Management Company Limited (IPAMC) is a subsidiary of ICICI Bank, India’s largest private sector bank. It was established in 1999 and is headquartered in Mumbai, India. The company manages assets worth over $12 billion through mutual fund schemes and manages assets worth more than $75 billion through its debt schemes.
National Stock Exchange (NSE) is a leading Indian stock exchange, headquartered in Mumbai, Maharashtra. The NSE was established in 1992 by the merger of the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSEL). The NSE operates under a self-regulatory mechanism and is managed by its members through three independent directors.
7) Motilal Oswal Securities
Motilal Oswal Securities (MOSL) is an Indian-based financial services company that provides trading, brokerage, and investment advisory services to retail as well as institutional clients. It also offers online trading facilities through its website. MOSL was founded by Motilal Oswal in 1989 in Mumbai, India, and has over 1200 employees working under its umbrella.
8) Religare Securities Ltd.
Religare Securities Ltd. (RSL) is a leading SEBI-registered securities broker in India that was established in 2001. It is part of the Religare group, which has interests in diverse industries including financial services, insurance, and asset management services. RSL offers a wide range of financial products and services to individual as well as institutional investors through its branch network across India. The company also provides online trading facilities to its clients through its online trading platform ClickTrade.
9) Karvy Stock Broking Ltd
Karvy Stock Broking Ltd. is one of India’s leading stockbrokers which provides trading facilities across equity, commodity, and currency markets through its network of around 1,300 branches & offices spread across 247 cities in India as well as abroad.
Karvy Stock Broking is one of the leading stock brokers in India with a diversified clientele that includes mutual fund companies, banks, insurance companies, and individual investors. The company executes trades for more than 1,50,000 clients through its network of over 200 branches across India.
10) Sharekhan Limited
Sharekhan is one of the oldest and most trusted brokerages in India, having been established back in 2003. The company offers its clients trading services through its website or mobile app to help them buy or sell shares online easily from anywhere at any time using their smartphones or tablets. It also provides other financial services such as wealth management solutions and retirement planning solutions.
Stock Brokers help in investing and trading Stocks. The stock market is highly speculative and therefore it is advisable not to invest more than 30% of your investment capital at one time. Now, if you want to add some serious value to your portfolio then you should know about all the brokers mentioned above. All the stockbroker companies in India offer different trading platforms and investing tools. Some of them don’t even charge any fees from their clients. They just expect a certain minimum trade value from them. Happy investing!