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List of Best Nifty 50 ETFs in India (2026)

Smart investors usually look for simple ways to grow their wealth over time without stress. They want a proven method that avoids the need to track daily financial news constantly. A passive investment strategy offers exactly this kind of peace of mind. Instead of guessing which individual company will perform well, buyers can just purchase a small piece of the entire market. This approach lowers the overall risk while offering good returns. Let us explore an easy way to achieve this balance.

What is Nifty 50 ETF?

The question often arises among new market participants what is nifty etf exactly? In simple terms, it is a mutual fund that trades on the stock exchange and acts as a large basket of stocks. A nifty etf tracks the top 50 companies listed on the National Stock Exchange. These companies are proven leaders in their respective industries. They represent the biggest and most successful businesses operating in India today.

When a person buys a nifty 50 etf, their money goes directly into these 50 large companies. The investment is spread out in the exact same proportion as the main index. This ensures the fund performance will closely mirror the broader market performance.

These funds trade on the stock market just like regular company shares. Buyers can easily purchase and sell them during normal market hours without any hassle. If someone wants to see all available options, they can easily check an nse etf list on their chosen trading platform.

Looking at a nifty 50 etf list is an excellent starting point for new market participants. It displays various funds managed by different asset management companies. Even though different financial institutions manage them, they all track the exact same 50 big stocks.

List of 10 Nifty 50 ETFs in India as per AUM

Here is a table showing ten popular funds, including their 1-year, 3-year, and 5-year returns. The data includes the total money managed by the fund, known as Assets Under Management. It also shows the expense ratio, which is the fee charged to manage the fund.

ETF Name	Ticker Symbol	Expense Ratio (%)	AUM (in Crores)	Price (₹)
UTI Nifty 50 ETF	NIFTYBETA	0.04	70,931	267.58
Nippon India ETF Nifty 50 BeES	NIFTYBEES	0.03	64,785	275.40
ICICI Prudential Nifty 50 ETF	NIFTYIETF	0.02	42,100	273.72
Kotak Nifty 50 ETF	NIFTY1	0.03	3,436	267.89
Aditya Birla Sun Life Nifty 50 ETF	BSLNIFTY	0.04	3,219	28.30
SBI Nifty 50 ETF	SETFNIF50	0.04	2,10,090	260.32
LIC MF Nifty 50 ETF	LICNETFN50	0.06	867	269.43
Tata Nifty 50 ETF	NETF	0.06	709	261.44
Invesco India Nifty 50 ETF	IVZINNIFTY	0.08	91	2744.17
Motilal Oswal Nifty M50 ETF	MOM50	0.05	78	252.77

Overview of Best 10 Nifty 50 ETFs in India

1. SBI Nifty 50 ETF

This highly popular fund is managed by Raviprakah Sharma. A fact not known to everyone is that this fund handles massive investments directly from government bodies like the Employees Provident Fund Organisation, which gives the fund incredible stability

This fund comes from the reputable SBI Mutual Fund and was launched in 2015. It holds a giant asset base of more than 2,10,090 crore Rupees. The expense ratio is kept very low at 0.04 percent.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
SBI Nifty 50 ETF	-3.02	8.33	9.90	2,10,090

2. UTI Nifty 50 ETF

This large fund is efficiently managed by Sharwan Kumar Goyal, Ayush Jain, and Lokesh Kulthia. Similar to the SBI fund, a lesser known fact is that it also receives huge investments from various government pension bodies, making it a highly reliable and stable choice.

This fund was launched in August 2015 by UTI Mutual Fund. It manages a huge total asset base of 70,931 crore Rupees.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
UTI Nifty 50 ETF	-3.02	8.34	9.91	70,931

3. Nippon India ETF Nifty 50 BeES

This massive fund is currently managed by Himanshu Mange. While many know it is big, a lesser known fact is that it is one of the oldest funds of its kind in India, starting all the way back in December 2001

Managed by Nippon India Mutual Fund, it is one of the oldest funds in this category, starting in 2001. It is a massive fund with an AUM of over 64,785 crore Rupees. Fund returns over the years are mentioned below.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
Nippon India ETF Nifty 50 BeES	-3.03	8.34	9.92	64,785

4. ICICI Prudential Nifty 50 ETF

This fund is managed by a large team including Nishit Patel, Ajay Kumar Solanki, Ashwini Jemin Bharucha, and Venus Ahuja. An interesting fact is that despite being a growth focused fund, it has occasionally paid cash dividends to its investors, with a notable payout happening in 2016

It has AUM of 42,100 crore Rupees.The fund shows a 1-year return of -3.02 percent and a 3-year return of 8.35 percent. It is known for high efficiency and tight tracking of the main index.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
ICICI Prudential Nifty 50 ETF	-3.02	8.35	9.93	42,100

5. Kotak Nifty 50 ETF

This established fund is actively managed by Satish Dondapati and Jeetu Valechha Sonar. A fact that many beginners miss is that this fund has a history of paying out cash dividends, with past payouts recorded in years like 2014 and 2017

Launched in February 2010 by Kotak Mahindra Mutual Fund, it is a very established fund. The fund handles an asset base of 3,436 crore Rupees.

The fund provided 1-year return of -3.01 percent and a 3-year return of 8.35 percent. The price per unit is about 267 Rupees. It is an excellent vehicle for securing broad market exposure.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
Kotak Nifty 50 ETF	-3.01	8.35	9.87	3,436

6. Aditya Birla Sun Life Nifty 50 ETF

This fund is carefully managed by Mehul Dama and Priya Sridhar. An interesting fact not known to everyone is that the fund tries to keep its cash holdings to an absolute minimum and actively avoids investing in debt or money market securities to stay fully invested in stocks

This fund stands out primarily due to its very low management cost. It also holds a massive asset base of over 3219 crore Rupees. The fund structure is carefully designed to guarantee high tracking accuracy.

A massive asset base usually means better liquidity for both buyers and sellers. The fund has given a 1-year return of -2.99 percent, with a 3-year return of 8.35 percent. It trades at a very affordable price of around 28 Rupees per unit.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
Aditya Birla Sun Life Nifty 50 ETF	-2.99	8.35	9.93	3,219

7. LIC MF Nifty 50 ETF

This fund is expertly managed by Nikhil Kapoor and Sasikant Aravamuthan. A very surprising fact about this specific fund is that regular investors can start investing in it with a minimum lump sum amount of just one single Rupee

Launched in November 2015, this fund comes from the trusted house of LIC Mutual Fund. The 1-year return currently stands at -3.09 percent, while its 3-year and 5-year returns are 8.24 percent and 9.85 percent, respectively.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
LIC MF Nifty 50 ETF	-3.09	8.24	9.85	867

8. Tata Nifty 50 ETF

This passive investment fund is managed by Rakesh Prajapati and Nitin Bharat Sharma. This passive investment fund was officially launched in January 2019. It aims to keep tracking errors to an absolute minimum while accurately matching index returns. Currently, it shows a 1-year return of -3.09 percent and a 3-year return of 8.27 percent.

The fund currently manages a healthy 709 crore Rupees in total assets. The portfolio is widely diversified across different vital sectors of the economy.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
Tata Nifty 50 ETF	-3.09	8.27	9.86	709

9. Invesco India Nifty 50 ETF

This fund is managed by Abhisek Bahinipati at Invesco Mutual Fund. A lesser known fact is that this fund was previously called Invesco India Nifty ETF before it was recently renamed to include the number 50.

It carries an expense ratio of 0.08 percent. However, it does a very good job of mirroring the main index returns. This fund is a highly suitable option for passive investors wanting a strong large-cap focus.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
Invesco India Nifty 50 ETF	-3.08	8.27	9.95	91

10. Motilal Oswal Nifty M50 ETF

This fund is currently managed by a team consisting of Swapnil P Mayekar, Rakesh Shetty, and Dishant Mehta. A unique historical fact about this fund is that when it was originally launched, it was actually India’s very first fundamentally weighted exchange traded fund based on the Nifty index.

Managed by Motilal Oswal, this fund offers a highly transparent way to invest in large-cap stocks. It has recorded a 1-year return of -3.02 percent and a 3-year return of 8.33 percent. The expense ratio is kept very low at 0.05 percent.

ETF Name	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	AUM (in Crores)
Motilal Oswal Nifty M50 ETF	-3.02	8.33	9.91	78

Things to Consider Before Investing in ETF

Before you put your hard-earned money into these funds, we suggest looking at a few important factors.

Tracking Error: This measures how perfectly the fund matches the actual Nifty 50 index. A lower tracking error is much better as it shows the fund is doing its job accurately.
Fund Liquidity: It is very important to check the trading volume of the fund. High liquidity means many people are trading it, making it very easy for you to buy and sell without any price problems.
Past Performance: Even though these funds follow the same 50 companies, you should still check their past records. A consistent history shows that the fund is managed properly and is a reliable choice for your goals.

Read Also: Best Index ETFs in India

How to invest in IT ETF

Step 1: Open a Demat Account. An investor needs a valid demat and trading account to buy these funds such as Pocketful.
Step 2: Complete the KYC Process. The user must submit basic identity documents online. This includes providing a PAN card, an Aadhaar card, and linked bank account details for smooth verification.
Step 3: Search for the ETF. Once the trading account is fully active, the investor can log into the app or website. Searching for the desired ticker symbol, like ITBEES or ITAXIS, will instantly bring up the fund details.
Step 4: Place the Buy Order. The investor simply needs to enter the number of units they wish to purchase. Clicking the buy button will execute the trade immediately, and the units will appear in the demat account shortly.

Conclusion

Participating in the stock market does not have to be a highly complicated task. Index-based funds offer a highly practical and simple route for long-term wealth creation. They bring required discipline and proper structure to a personal financial portfolio.

By investing in the top 50 companies of India, individuals can easily become part of the national economic growth story. This method removes the daily stress of analyzing and selecting individual stocks. It is a slow, steady, and highly transparent way to build financial security. Invest smarter in IT ETFs with Pocketful. Get Zero brokerage on ETF investments and grow your portfolio with ease.

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Frequently Asked Questions (FAQs)

What is the meaning of this fund?
It is a passive investment fund that directly holds shares of the top 50 companies listed on the National Stock Exchange.
What are the main benefits?
It offers low management fees, high transparency, and the simple ability to trade during normal market hours.
How to use a trading platform to invest?
Investors simply need an active Demat account. They can search for the specific fund ticker symbol and place a buy order.
Are these funds safe for beginners?
They are generally considered safer than picking single stocks. The financial risk is spread across 50 large, well-established companies.
Do these funds pay regular dividends?
Some funds automatically reinvest the dividends to increase the unit price. Other funds pay out cash dividends directly into bank accounts

July 19, 2026

What Is SWP in Mutual Funds?

Most investors are familiar with SIP, and this is one which is a key part of the portfolio as well. This is where you invest a fixed amount every month into a mutual fund. SWP works the other way around.

Instead of putting money in regularly, you take money out regularly. But the best part is that the rest of your investment continues to stay invested and grow. For anyone nearing retirement, looking for a steady monthly income, or simply wanting a disciplined way to withdraw from their mutual fund portfolio, understanding SWP is essential.

This guide covers the SWP full form, how a systematic withdrawal plan works, its types, tax treatment, and how you can set one up.

SWP Full Form and Meaning

SWP full form is Systematic Withdrawal Plan. It is a facility offered by mutual funds where you can withdraw from the fund. It allows an investor to withdraw a fixed or variable amount. This is from their investment at regular intervals, which they did in the past.

The remaining units stay invested in the fund. This is where the fund will continue to earn returns based on market performance. In simple terms, an SWP plan converts your mutual fund investment into a source of regular income, without requiring you to sell your entire holding at once.

What Is SWP in Mutual Fund, Explained Simply

SWP investment is essentially the reverse of a SIP:

It is the process where money moves out of the fund instead of into it.
You choose the amount and frequency of withdrawal.
Each withdrawal is processed by redeeming a certain number of units based on the fund’s current NAV.
The remaining units continue to remain invested and are exposed to market movement.
You can modify, pause, or stop an SWP mutual fund plan at almost any time.

How Does an SWP Plan Work

When you start an SWP, you are not withdrawing a lump sum from your fund. Instead, the fund house sells a portion of your units. The process is as follows:

1. You Set a Fixed Withdrawal Amount

You decide how much money you want to withdraw and how often. You can choose monthly, quarterly, or any other available frequency. This is based on your financial needs.

2. Units Are Redeemed on Every Withdrawal Date

Instead of withdrawing your entire investment, the mutual fund redeems only the required number of units to match your chosen withdrawal amount. The redeemed amount is then credited directly to your registered bank account.

3. NAV Determines the Number of Units Sold

The number of units redeemed depends on the fund’s Net Asset Value (NAV) on the withdrawal date. If the NAV is higher, fewer units are sold. If the NAV is lower, more units need to be redeemed to generate the same withdrawal amount.

4. Your Remaining Investment Continues to Stay Invested

After each withdrawal, the remaining units continue to be invested in the mutual fund. This allows the balance of your investment to keep participating in market movements and potential long-term growth.

Example of How an SWP Works

Suppose you invest ₹10,00,000 in a mutual fund and set up a monthly SWP of ₹10,000. Every month, the fund redeems units worth ₹10,000. These will be transferred to your account.

Now, here are two things to know:

Say, the fund delivers returns above your withdrawal rate. Then the remaining investment can continue to grow.
Another is when the returns are lower, the corpus will gradually decline. This will make it important to choose a sustainable withdrawal amount.

Read Also: SWP vs FD: Which is Better?

Types of SWP in Mutual Funds

Fixed Withdrawal SWP: You withdraw a fixed amount at every interval, regardless of how the fund performs.
Appreciation Only SWP: You withdraw only the gains generated by the fund, leaving your original investment untouched.
Flexible SWP: You can change the withdrawal amount periodically based on your financial needs.
Capital Plus Growth SWP: A mix where both a portion of capital and gains are withdrawn together over time.

Choosing the right type depends on whether your priority is preserving your original capital or generating a specific level of regular income.

SWP vs SIP vs Lump Sum Withdrawal

Feature	SWP	SIP	Lump Sum Withdrawal
Purpose	Regular income from investment	Regular investment into a fund	One-time exit from a fund
Cash Flow	Money moves out at intervals	Money moves in at intervals	Entire amount withdrawn at once
Ideal For	Retirees, income seekers	Long-term wealth building	Immediate lump sum need
Market Timing Risk	Reduced through staggered exits	Reduced through staggered entries	Fully exposed to a single day’s NAV
Tax Impact	Spread across multiple transactions	Not applicable on investment	Concentrated in a single year

An SWP essentially applies the same rupee cost averaging logic as a SIP, but in reverse, since withdrawals are staggered across different NAV levels rather than exiting the entire investment at one price point.

Benefits of a Systematic Withdrawal Plan

SWP is a great plan when you execute it in the proper manner. The key benefits are as follows:

Provides a predictable and regular income stream without disturbing the entire investment.
Reduces the risk of withdrawing your full corpus at a market low, since withdrawals are spread out.
Offers more flexibility than fixed deposits, since you can change or stop withdrawals anytime.
Keeps the remaining investment working in the market, which can help the corpus last longer.
Can be more tax efficient than a lump sum withdrawal, since gains are realised gradually rather than all at once.

Taxation on SWP in Mutual Funds

Each SWP withdrawal is treated as a redemption of mutual fund units. So, you must know the taxation aspects as well as below:

1. For equity mutual funds

Gains on units held for more than one year are treated as long-term capital gains. But the units held for a shorter period attract short-term capital gains tax.

2. For debt mutual funds

Gains are taxed as per the investor’s income tax slab, regardless of the holding period, under current tax rules.

Only the gain portion of each withdrawal is taxed, not the entire withdrawal amount, since part of every instalment is a return of your original capital.
Since withdrawals happen periodically, the tax liability also gets spread across financial years instead of being concentrated in one go.

Because tax rules can change and vary based on individual circumstances, it is a good idea to check the latest provisions or consult a tax advisor before planning large withdrawals through SWP. Keeping a record of the purchase date and NAV for each tranche of units can also make it easier to calculate the correct tax liability at the time of filing returns.

Who Should Consider an SWP Investment

SWP is not for all, and this is the thing that you should understand. The key people who should consider the same are as follows:

Retirees looking for a steady monthly income from their accumulated mutual fund corpus.
Investors who want to supplement their salary or business income without a full-time job.
Anyone transitioning out of a large lump sum, such as from a maturity payout or bonus, into a regular income stream.
Investors who want to keep a portion of their money invested in the market while still meeting regular expenses.

How to Start an SWP with Pocketful

Setting up an SWP is a straightforward process when you invest through a platform like Pocketful.

Open a free demat and trading account with Pocketful. This is a complete paperless KYC process.
Choose a mutual fund based on your risk appetite and investment goal. This can be equity, debt, or hybrid.
Invest a lump sum or build a corpus over time through SIP. You would need to do this before starting your withdrawal plan.
Select the SWP option. Now, set your preferred withdrawal amount and frequency, monthly, quarterly, or annually.
Track your remaining investment value and withdrawals directly from your Pocketful account dashboard.

Since the entire process is managed digitally, you can start, pause, or modify your SWP mutual fund plan whenever your financial needs change.

Things to Keep in Mind Before Starting an SWP

Ensure your withdrawal rate does not consistently exceed the fund’s average returns.
Review your SWP periodically, especially after major market movements, to check if the withdrawal amount still makes sense.
Factor in exit loads, if any, that may apply to units redeemed within a short period from purchase.
Keep your overall asset allocation in mind and based on that work on your plan.

Conclusion

SWP is a practical way to turn your mutual fund investment into a source of regular income. This is all possible while keeping the rest of your money invested and working in the market.

Whether you are planning for retirement or simply want a steady monthly payout, an SWP plan offers flexibility that a lump sum withdrawal cannot match. Open a free demat account with Pocketful today and start building or withdrawing from your mutual fund investments with ease.

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Frequently Asked Questions (FAQs)

What is the SWP full form in mutual funds?
SWP full form is Systematic Withdrawal Plan. It allows investors to withdraw a fixed or flexible amount from their mutual fund investment at regular intervals.
How is SWP different from SIP?
SIP involves investing a fixed amount into a mutual fund regularly, while SWP involves withdrawing a fixed or flexible amount from an existing investment regularly. They work in opposite directions.
Is SWP a good option for retirement income?
Yes, SWP is commonly used by retirees to generate a predictable monthly income from their mutual fund corpus, while the remaining investment continues to stay invested and grow.
Does SWP guarantee returns?
No, SWP does not guarantee returns. The performance of the underlying mutual fund still depends on market conditions, and if withdrawals exceed returns over time, the total corpus can be reduced.
Can I stop or change my SWP anytime?
Yes, most mutual funds allow investors to stop, pause, or modify the withdrawal amount and frequency of an SWP at any time without any long-term lock-in.

July 19, 2026

How to Exchange Rs.2000 Notes in Bank

The Reserve Bank of India introduced the Rs.2,000 note in November 2016. The primary goal was to restore cash flow quickly across the nation. Over time, the central bank stopped printing new ones entirely. Today, many individuals still possess these high value notes. Some kept them for long term savings in their lockers.Others simply forgot about the extra cash stored at home. A common question is whether these notes are still legally valid. The answer is absolutely yes, the Rs.2,000 notes remain legal tender in the country today. People can legally hold them without any penalty.

Can You Still Exchange Rs 2000 Notes in India?

For individuals looking to manage their currency properly, a 2000 notes exchange is the best step forward.The central bank has outlined very clear rules for this process. People often wonder if an rbi 2000 note exchange is still active. Yes, the facility remains fully operational for the public.

It is important to understand the difference between legal tender and active circulation. Legal tender means the money is officially valid for payments. Circulation means the money is freely moving in the daily market.

These 2000 notes hold legal tender status today. However, they are no longer in active daily circulation. Commercial banks stopped accepting them over the counter on October 7, 2023.

Today, a direct 2000 note exchange is not possible at regular local banks. The latest RBI guidelines state that individuals must visit designated offices. There are 19 specific RBI Issue Offices located across the country.

A smooth 2000 rs note exchange requires following these official channels. Over 98 percent of the notes have already returned to the banking system safely.

Parameter	Current Official Status
Legal Tender Status	Fully active and valid in 2026
Normal Bank Branch Exchange	Closed permanently since October 7, 2023
RBI Issue Office Exchange	Available up to Rs.20,000 per visit
Postal Exchange Facility	Available safely via India Post

Why Did RBI Withdraw Rs.2000 Notes?

Rs.2000 notes were introduced into the Indian banking system in 2016 when demonetization took place. The central bank and the economy needed cash that could be injected into the economy. This specific goal was achieved very successfully within a few years.

The printing of these high value notes stopped completely in 2018 and 2019. One major reason for the withdrawal is proper currency management. The Clean Note Policy ensures that only good quality currency stays in the market.

Most of these notes had completed their estimated lifespan of four to five years. High denomination usage was also very low for regular daily transactions.

People mostly prefer smaller notes for buying basic goods and services. Therefore, the central bank focused on replacement with lower denominations. There is now an adequate supply of other notes available.

Ways to Exchange Rs.2000 Notes

There are two main methods available for the public today. Both methods follow strict regulatory guidelines to ensure safety.

Exchange Through RBI Issue Offices: Any member of the public can visit the 19 regional offices. The exchange process involves filling out a simple request form at the counter. A cash limit of Rs.20,000 was set for every person per visit. The timings match standard official working hours, so reaching early is advised.
Deposit into Your Bank Account: People can also choose to deposit the money directly into their accounts. Deposits are fully accepted through India Post or directly at the RBI offices. Eligibility requires an active and fully verified bank account. Important conditions apply, such as submitting PAN details for large cash amounts.

Step-by-Step Process to Exchange Rs.2000 Notes

Here are some steps that can be followed if you want to exchange your Rs.2,000 notes in India.

Step 1 – Verify eligibility: Kindly make sure that the notes are genuine and are not damaged. Torn notes require a different evaluation process under specific refund rules.
Step 2 – Visit the appropriate office: Go directly to one of the 19 RBI Issue Offices. Alternatively, visit a registered local post office to mail the notes safely.
Step 3 – Carry valid identification (if required): Keep original government ID proofs ready in hand. This is mandatory for official record keeping and verification.
Step 4 – Submit the exchange/deposit request: Hand over the physical notes along with the filled form. Make sure the bank account details are highly accurate for direct deposits.
Step 5 – Receive acknowledgment or credit: Collect the smaller notes immediately at the cash counter. For deposits, the equivalent amount will be credited to the bank account after proper verification.

Documents Required for Exchanging Rs.2000 Notes

Official verification is a crucial part of the entire process. The central bank strictly monitors these financial transactions to prevent misuse.

Individuals must submit proper Identity Proof at the counter. Valid options include a standard Aadhaar card or a PAN card. A valid Passport or a Voter ID is also fully acceptable for this purpose.

For cash deposits exceeding Rs 50,000 in a single day, quoting a PAN is compulsory. This rule complies directly with the existing income tax regulations.

Important RBI Rules You Should Know

Understanding the core rules prevents unnecessary delays at the counter. The central bank has simplified the guidelines for public convenience.

Exchange limits: Physical cash exchange is capped at exactly Rs 20,000 at a time. This limit applies to a single visit to the office.
Deposit rules: There is absolutely no maximum limit for depositing the money into a bank account.
Whether non-account holders can exchange: Yes, individuals do not need a specific bank account to get physical cash. Any citizen can utilize this facility freely.
NRI provisions (if applicable): Non-Resident Indians can deposit the money safely into their NRO accounts. They must follow standard Foreign Exchange Management Act regulations.
Postal facility (if available): Citizens can easily send the money via insured registered post addressed to the RBI offices. A clear covering letter is required inside the envelope.
Charges involved: The entire exchange and deposit facility is totally free of cost. Postal charges apply only for the mailing service itself.

Can Someone Else Exchange Rs.2000 Notes on Your Behalf?

There are real situations where the owner cannot visit the office personally. The banking system allows trusted individuals to help out.

Authorization: The actual account holder can provide a formal authorization letter to a trusted representative. This document clearly assigns responsibility for the transaction.
Third-party exchange: The representative must present the signed letter and ID proofs for both individuals. They take full legal responsibility for handing over the cash.
Rules for senior citizens: Banks and RBI offices are instructed to provide special assistance to older individuals. This reduces their wait time significantly at the counters.
Rules for physically challenged individuals: Special physical arrangements are made to ensure easy access. This often includes dedicated queues and priority service.

What If Your Nearby Bank Is Not Accepting Rs.2000 Notes?

Local commercial banks are no longer allowed to accept these notes. This strict rule has been firmly in place since late 2023.

Visit an RBI Issue Office: This is the primary designated location for all such transactions today. They handle these requests daily.
Contact RBI Helpline: If any individual is facing issues they can directly call on toll free number 14448. The helpful staff offers accurate guidance during normal working hours.
Lodge a Complaint: If an authorized entity wrongly refuses service, an official complaint is highly encouraged. You can directly do this by going and filing an online complaint on the CMS portal.

Common Mistakes to Avoid While Exchanging Rs.2000 Notes

Being well prepared is always the best strategy so that mistakes or errors can be avoided.

Visiting the wrong branch: Going to a normal bank branch is a common error that wastes precious time. They simply do not have the authority anymore.
Not checking current RBI guidelines: Banking rules can update without warning. Verifying the latest official notices online is highly recommended.
Carrying damaged notes without understanding the rules: Mutilated or burnt notes require a completely different evaluation. They must be processed under specific Note Refund Rules.
Ignoring exchange deadlines (if any): While no final deadline exists currently, delaying the process carries future risks. The notes could face further restrictions later.
Forgetting identity proof: Officials will instantly reject requests without proper government ID. Always double check the document folder before leaving home.

Benefits of Exchanging Rs 2000 Notes Promptly

Acting fast has many positive results for personal finance. It instantly removes unnecessary financial worry from the mind.

Better liquidity: Having smaller currency notes makes daily spending much easier. Small cash is always highly useful for basic grocery needs.
Easier transactions: Shopkeepers often refuse large notes due to a severe lack of change. Smaller notes fix this annoying issue instantly.
Avoid inconvenience: Finishing this task early prevents sudden panic if future restrictions are announced. It brings long term peace of mind.
Compliance with RBI guidelines: Returning the notes helps the central bank manage the national economy efficiently. It ensures all personal funds are fully secure and legal.

Conclusion

Taking proper care of personal finances is always a smart habit. Changing these high value notes ensures safety and peace of mind. The whole process is actually very straightforward and secure. The central bank has made sure that citizens have fair options available. It is always better to finish this important task early and enjoy simpler daily purchases.

For more market news and insights, download Pocketful – offering users zero brokerage on delivery trades and an easy to use platform designed for both beginners and experienced investors.

Frequently Asked Questions (FAQs)

Can regular local banks accept the 2000 notes now?
No, regular commercial banks stopped accepting them for exchange or deposit on October 7, 2023. They must be taken exclusively to the specific regional RBI offices.
Is the 2000 note still legal money in India?
Yes, it completely remains legal tender today. However,many shopkeepers hesitate to take them, so exchanging them is highly recommended.
How much 2000 cash can be exchanged at one single time?
An individual can exchange up to Rs.20,000 for other cash denominations in a single visit. There is no limit for direct bank deposits.
What happens if a person sends 2000 notes by post?
If sent through India Post with the correct form and bank details, the central bank verifies the money. It then deposits the amount directly into the sender’s bank account.
Are there any fees for exchanging these high value notes?
No, the entire exchange and deposit facility provided by the central bank is completely free of cost. There are absolutely no hidden charges involved.

July 18, 2026

Top 50 Stock Brokers in India by Active Clients

If you want to view the new July 2026 rankings of top stock brokers in India based on active clients, this article is for you. Here, you will find a list of the top 50 brokers based on active client data, along with market trends and key insights. Additionally, a comparison of the top brokers by active client count is presented in simple language to help you easily choose the right broker.

What Does an Active Client Mean in the Stock Market?

In the stock market, an ‘active client’ is an investor who has executed at least one buy or sell transaction within a specified period. Therefore, broker-wise active client data reflects a broker’s actual usage rather than merely the number of open accounts. This is why rankings of top stock brokers in India based on active clients help investors understand which brokers are witnessing the highest trading activity.

Top 50 Stock Brokers in India by Active Clients – July 2026

Rank	Stock Broker	Active Clients
1	Groww Invest Tech Pvt. Ltd.	1,30,32,121
2	Zerodha Broking Ltd.	68,83,999
3	Angel One Ltd.	67,43,840
4	ICICI Securities Ltd.	20,97,085
5	Upstox Securities Pvt. Ltd.	19,61,826
6	Pocketful	Rapidly Growing
7	Kotak Securities Ltd.	13,85,446
8	HDFC Securities Ltd.	13,79,984
9	SBIcap Securities Ltd.	11,60,277
10	Raise Securities Pvt. Ltd. (Dhan)	10,51,951
11	Motilal Oswal Financial Services Ltd.	9,01,868
12	Paytm Money Ltd.	8,61,706
13	Indstocks Pvt. Ltd.	6,93,526
14	Sharekhan Ltd.	5,30,958
15	Axis Securities Ltd.	4,28,671
16	IIFL Capital Services Ltd.	3,41,109
17	5Paisa Capital Ltd.	3,31,486
18	Choice Equity Broking Pvt. Ltd.	2,50,748
19	Mirae Asset Capital Markets (India) Pvt. Ltd.	2,32,231
20	Geojit Investments Ltd.	2,16,303
21	PhonePe Wealth Broking Pvt. Ltd.	2,13,303
22	Fyers Securities Pvt. Ltd.	2,00,810
23	SMC Global Securities Ltd.	1,60,107
24	Aaritya Broking Pvt. Ltd.	1,50,011
25	Anand Rathi Share & Stock Brokers Ltd.	1,48,522
26	Nuvama Wealth & Investment Ltd.	1,41,361
27	Jainam Broking Ltd.	1,37,916
28	Religare Broking Ltd.	1,36,847
29	Nirmal Bang Securities Pvt. Ltd.	1,35,763
30	JM Financial Services Ltd.	1,14,615
31	Finvasia Securities Pvt. Ltd.	98,418
32	Alice Blue Financial Services Pvt. Ltd.	93,621
33	YES Securities (India) Ltd.	92,923
34	Tradebulls Securities Pvt. Ltd.	78,034
35	StockHolding Services Ltd.	75,976
36	NJ India Invest Pvt. Ltd.	74,762
37	Aditya Birla Money Ltd.	68,417
38	Nu Investors Technologies Pvt. Ltd.	67,432
39	Moneywise Finvest Ltd.	66,717
40	Bajaj Financial Securities Ltd.	60,870
41	Master Capital Services Ltd.	59,213
42	Jhaveri Securities Ltd.	58,508
43	IDBI Capital Markets & Securities Ltd.	58,332
44	Globe Capital Market Ltd.	54,618
45	Bonanza Portfolio Ltd.	53,907
46	Arihant Capital Markets Ltd.	53,173
47	Swastika Investmart Ltd.	52,199
48	Indiabulls Securities Ltd.	50,875
49	Integrated Enterprises (India) Pvt. Ltd.	50,631
50	Samco Securities Ltd.	50,359

Note: The above ranking is based on the latest NSE active client data available for the referenced period. Active client numbers and rankings may change every month based on trading activity.

Key Highlights from the July 2026 Active Client Rankings

The July 2026 data shows that competition in the Indian broking market is getting crazy. While a few names made moves, most top players saw their user counts barely move.

Groww holds the peak: Groww locked down the number one position with nearly 1.30 crore active users. Fresh investors keep signing up daily, which is keeping their upward run going strong.
The Big Three rule the market: Groww, Zerodha, and Angel One still run the show, sharing roughly 2.66 crore active clients between them. It proves that most everyday traders still stick with these big names.
Dhan Holds its Top 10 Spot: Raise Securities (Dhan) grabbed the ninth position by crossing 10.51 lakh active clients, showing steady growth during the month.
Newer Brokers Gaining Ground: Platforms like Aaritya Broking, Nu Investors Technologies, and Moneywise Finvest are growing fast. Their rising client numbers show that investors are willing to try fresh alternatives.
Mixed Results for Big Names: Growth wasn’t even across the board. While some expanded, giants like Zerodha, Angel One, and Upstox actually saw minor drops. It just shows that monthly ups and downs are normal when competition is this fierce.

Active Client Distribution Across India’s Brokerage Industry

Data from July 2026 indicates that active clients are not evenly distributed across the market. A few large brokers hold the majority of investors, while the remaining brokers compete for a limited share.

Group of brokers	What does it indicate?
Top 5 Brokers	They hold the majority of the market’s active clients.
Top 10 Brokers	A large section of investors uses these brokers.
Top 20 Brokers	Strong presence with a robust customer base.
30 other brokers	Low market share, but consistently remaining in the competition.

Does a Higher Active Client Count Always Mean a Better Broker?

While the number of active clients reflects a broker’s popularity, one should also consider features, fees, and the overall trading experience when choosing the right broker.

Don’t decide based on rankings alone: A large active client base is a positive sign, but it doesn’t necessarily mean that the broker is the best choice for every investor. Compare aspects such as the trading platform, order execution, research tools, and customer support.
Choose a broker that suits your needs: Every investor has a different approach; some focus on long-term investments, while others engage in daily trading. Therefore, select a broker whose services align with your investment style.
Newer brokers can also offer great value: Every major broker was once new. Pocketful is a prime example of this. Although it may not currently top the rankings for active clients, it offers benefits like free Demat account opening, lifetime zero AMC, modern technology-driven brokerage platform and an interest rate of 5.99% p.a. on MTF making it an attractive option for cost-conscious investors.

How to Choose the Right Stock Broker Beyond Active Client Rankings

It is also important to consider a few factors when choosing a broker.

Factor to Compare	Why It Matters
Brokerage Charges	Lower charges help reduce your overall trading cost.
Trading Platform	A fast and easy-to-use platform improves the trading experience.
Order Execution	Quick order execution helps avoid delays during trades.
Research & Tools	Good research and tools support better investment decisions.
Customer Support	Reliable support helps resolve issues quickly.
Investment Options	Access to stocks, IPOs, mutual funds, ETFs, and other products offers more flexibility.
SEBI Registration	Ensures the broker is regulated and follows SEBI guidelines.

Emerging platforms are also becoming better options for new-age investors.

New-age investors are no longer falling for big brand names alone. Instead, they are moving toward newer platforms that actually fix daily trading hassles with smart tech and a straightforward user interface.

Cutting through the noise with AI: A lot of new brokers are using AI to make investing less confusing. Take “Pocketful GPT” as an example it translates complicated stock data and market trends into plain, simple English so anyone can grasp it.
No more app hopping: Nobody wants to manage five different apps anymore. Pocketful packs stocks, IPOs, mutual funds, ETFs, bonds, commodities, and F&O into one single dashboard, which makes tracking your money a lot easier.
Built for fast execution: Serious traders need speed. The platform handles this by throwing in heavy-duty tools like Scalper Mode, advanced option chains, basket orders, and direct TradingView charts to keep trades quick and sharp.
Bigger trades on a tight budget: With Pocketful Margin Trading Facility (MTF), you can get up to 5x leverage, and the interest rates start quite low at 5.99% per year. It’s a solid option if you want to take bigger positions without putting up all your cash upfront.
Making the whole process simple: The real goal here isn’t just offering trades it’s about making the entire market easier to navigate. Features like live price updates, quick payouts, and a clean layout work well for absolute beginners while still giving pros exactly what they need.

What Do Today’s Investors Expect from a Stock Broker?

The days when traders just looked for a basic platform to buy and sell shares are gone. The checklist has changed completely people now want something that saves time and cuts out the headaches.

Zero patience for slow apps: Lagging screens and late prices irritate everyone. Traders want a simple layout where orders hit the market instantly and live rates update without any delay.
Tired of using multiple apps: Opening four different apps just to check your wealth is annoying. Everyone wants one simple screen that tracks stocks, IPOs, mutual funds, ETFs, bonds, and commodities together.
Smart features over raw data: Nobody likes staring at messy sheets anymore. People want quick, clear summaries, which is why AI tools and smart screeners are trending fast.
Clear pricing with zero surprises: Hidden fees are the quickest way to lose a customer’s trust. Traders naturally lean toward brokers who keep their fee structure completely transparent and trading costs low.
Support that actually answers: When a payment stucks or an order misbehaves, people want real help immediately. Good customer support is what actually keeps users loyal.
Why Pocketful Fits the Bill: Pocketful is built around these exact demands. By mixing smart features like Pocketful GPT and the Scalper tool with an easy layout and low brokerages, it gives modern traders the exact tech-first experience they are hunting for.

Conclusion

The ranking of top stock brokers in India based on active clients helps you understand which brokers have the highest number of active investors. However, do not rely solely on the number of active clients when choosing the right broker. Make your decision only after comparing brokerage charges, features, the trading experience, and your specific investment needs to ensure a better experience in the long run.

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4	Top 10 Option Trading Books in India
5	Best Trading Apps in India

Frequently Asked Questions (FAQs)

What does an active client mean in stock trading?
An active client is simply an investor who has placed at least one trade within a fixed timeframe.
Who is the top stock broker by active clients in July 2026?
Right now, Groww leads the market with the largest number of active clients.
How often is the active client ranking updated?
NSE updates active client data every month, so broker rankings may change from time to time.
Does having the most active clients make a broker the best?
Not really. Total numbers matter, but you must also check trading charges, platform tools, and support quality before picking a broker.
Where can I check the latest broker-wise active client data?
You can check the latest broker-wise active client data on the official NSE website and trusted brokerage reports.

July 18, 2026

What Is Repo Rate?

Have you ever come across headlines saying “ RBI Cuts Repo Rate” and “ RBI Increases Repo Rate”? You must be thinking how a small change in interest rate can impact your monthly budget and investment portfolio.

In today’s blog post, we will give you a detailed overview of what the repo rate is, its meaning and how it works.

What is Repo Rate?

Repo rate is an interest rate that is decided by the Central Bank of a country. In India, it is decided by the Reserve Bank of India. It is a rate at which the RBI lends money to any commercial banks for their short-term needs against government securities. To simplify it, we can say that when a bank needs money, they go to the RBI and borrows from it, and the rate which they pay to the RBI is known as the Repo Rate.

Why is it called “Repo”?

The term comes from “Repurchase Agreement” because banks borrow money; in return, they provide government securities as collateral, and banks repurchase those securities at a later stage at a predetermined price. The difference between the purchase and selling price is the interest paid by the bank.

Current Repo Rate

In India, as of June 2026 the Repo Rate stood at 5.25% that was decided by RBI and maintained a neutral policy stance.

How Does Repo Rate Work?

Let’s understand how Repo Rate works:

Requirement of Short-term Funds: There are various commercial banks that need short-term funds to manage their day-to-day operations. For such funds, they approach the RBI.
Government Securities: Banks have to provide government securities as collateral to the RBI to borrow funds.
Receive Money: Once the securities are received, the RBI lends money to the bank and charges an interest rate on it; the interest is known as the Repo Rate.
Repurchasing Securities: After the bank’s requirement is completed, it repurchases the security at a pre-determined price.
Interest Cost: The difference between the sale price and repurchase price is the interest that the bank pays to the RBI.

Factors Affecting Repo Rate

The key factors that affect the repo rate are as follows:

Inflation: The inflation in the economy is the key factor that affects the repo rate of the country. If the inflation in the economy rises, the RBI can increase the repo rate to keep it in control.
GDP Growth: The key role of the RBI is to maintain the GDP growth rate in the economy. If the growth rate slows down, the RBI cuts the repo rate to accelerate the growth rate.
Liquidity: The availability of funds in the banking system defines the liquidity in the economy. If banks face a liquidity shortage, the RBI changes policy to improve liquidity conditions.
Global Economic Condition: The economy of every country is interrelated; hence, any global impact can directly impact India’s inflation, capital flow, and financial conditions. Then the RBI can change the repo rate to manage economic conditions.

Why the RBI Changes Repo Rate

The key reasons why the RBI changes repo rates are as follows:

Control Inflation: The key reason why the RBI changes the repo rate is to control inflation. When the prices of goods and services rise in the economy, the RBI intervenes and increases the Repo Rate to control inflation.
Economic Growth: When economic growth slows down, the RBI reduces the Repo Rate, which encourages borrowing at lower cost, which encourages individuals to spend more, which boosts economic growth.
Financial Stability: The key role of the RBI is to maintain financial stability in the system. At times of financial crises, economic uncertainty, market volatility, etc. RBI changes the repo rate to provide stability in the economy.
Stability in Currency: The RBI regularly keeps an eye on the movement of Indian currency. A significant fall in currency can impact import costs. In this situation, the RBI may increase repo rates to attract investors.

Impact of Repo Rate on the Economy

The key impact of repo rate changes on the economy is as follows:

Inflation Check: The key role of the repo rate is to keep a check on inflation. In case of rising inflation, the RBI increases the repo rate and vice-versa.
Loan Interest Rate: Any change in the repo rate can directly impact the EMI of your loan. When the repo rate increases, the banks increase interest rates on home loans, personal loans, car loans, etc.
Consumer Spending: When the interest rate in the economy increases, the disposable income decreases in the hands of consumers. This eventually decreases consumer spending.

Impact of Repo Rate on Individuals

Let’s see how a change in the repo rate can impact an individual:

Home Loan EMI: A slight change in the repo rate can drastically change your EMI for individuals with floating interest rates.
Change in FD Rate: A higher repo rate may encourage banks to offer higher interest rates on fixed deposits, and a lower repo rate may result in lower FD rates.
Monthly Budget: Changes in interest rates can significantly impact the monthly budget of an individual. Due to higher interest rates, a significant portion of monthly income will be utilised toward repayment of loans.

Read Also: Types of Interest Rates Explained

Impact of Repo Rate on Business

The key impact of repo rate changes on the business is as follows:

Expansion Plan: Most businesses are dependent on bank loans to expand their business; a lower interest rate reduces financing cost.
Profitability: When the interest rate increases, companies utilise a significant portion to repay their debts, which can impact their profitability.
Job Creation: With the rise in interest rates, companies may be forced to delay their expansion plan and reduce hiring costs.

Why an Investor Should Track Repo Rate

The key reasons why an investor must track the repo rate are as follows:

Performance of Stock Market: In case the RBI reduces the repo rate, borrowing becomes cheaper, which can encourage expansion of business, higher spending by individuals, etc. It can lead positively impact on the performance of the stock market.
Debt Market: Changes in the repo rate can directly impact the performance of the debt market. When the interest rates in the economy decline, the existing bonds having higher coupon rates become more valuable for investors, increasing their prices.
Economic Growth: The repo rate can decide the future growth prospects of the Indian economy. If the repo rates are increased by the RBI, that means it is taking steps to control inflation, which can slow down economic growth.

Conclusion

On a concluding note, the repo rate is a common financial term that sounds complicated but can directly impact your investment portfolio and monthly budget. An increase in the repo rate by the RBI can make your EMI more expensive, which can increase your monthly expenses; borrowing may also be more expensive, etc. Along with this, it can slow down economic growth. But on the other hand, if the rates are lowered by the RBI, it can accelerate economic growth. Therefore, one is required to regularly monitor the RBI monetary policies and review their portfolio regularly. Stay informed with the latest market updates, financial terms, and investing insights. Download the Pocketful app to make smarter investment decisions and enhance your trading journey.

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3	How to Start Stock Market Trading With Low or Limited Capital
4	How Interest Rate Changes Affect the Stock Market
5	A Guide To Fixed Deposits: Exploring Types And Interest Rates

Frequently Asked Questions (FAQs)

Which organisation decides the Repo Rate in India?
The repo rate of any country is decided by the central bank of the country. In India, the RBI, or Reserve Bank of India, decides the repo rate in their monetary policy.
How often RBI change the Repo Rate?
There is no fixed duration at which the RBI changes the repo rate. It generally reviews the monetary policy during its monetary policy review, that holds in every two months.
Why change in the RBI repo rate affect the stock market?
The key reason why changes in the repo rate affect the stock market is that when the RBI increases the repo rate, it increases the borrowing cost for businesses and individuals, which decreases their spending and reduces liquidity in the market, which can negatively impact the performance of the stock market and vice versa.
What is Repo Rate?
Repo rate is the rate at which the Reserve Bank of India lends money to commercial banks against government securities for their short-term needs.
What is the current Repo Rate in India?
The repo rate decided by the Reserve Bank of India as of June 2026 in India stood at 5.25%.

July 17, 2026

Best Gold Trading App in India 2026

In India, gold is not only jewellery; over time, it has also evolved as a commodity that is actively traded. Gold is highly volatile in nature, especially during periods of economic uncertainty, creating both short-term opportunities and risks. There are various apps that offer gold trading on their platform.

In today’s blog post, we will give you an overview of the best gold trading apps.

What is a Gold Trading App?

A Gold trading app is a mobile software offered by a broker through which an investor or trader can buy or sell gold in digital form. The digital form of gold includes Gold ETFs, Gold Mutual Funds, SGB, Gold Futures, etc. A gold trading app also offers investment and trading in gold on exchanges like MCX. Based on the type of mobile application, one can invest in gold for both long-term and short-term. The gold trading applications offer real-time tracking of gold prices.

Best Gold Trading App

Zerodha
Pocketful
Groww
Angel One
ICICI Direct
Upstox
5 Paisa
Dhan
Motilal Oswal
HDFC Sky

App	Minimum Deposit	Account Opening Charges	AMC (Demat Account)	Gold Investment Options	Commodity (Gold) Trading	App Platforms	Key Benefits
Zerodha Kite	₹0	₹0	₹300 + GST/year	Gold ETFs, Gold Mutual Funds (via Coin), SGBs	Yes (MCX Gold Futures & Options)	iOS, Android, Web	Advanced charts, low brokerage, trusted by active traders
Pocketful	₹0	₹0	₹0	Gold ETFs, Gold Mutual Funds	Yes (MCX Gold Futures & Options)	iOS, Android, Web	Zero account opening & AMC, AI-powered insights, Advance trading tools, beginner-friendly platform
Groww	₹0	₹0	₹0	Gold ETFs, Gold Mutual Funds, SGBs	Yes (Commodity Derivatives including Gold)	iOS, Android, Web	Simple interface, ideal for beginners and long-term investors
Angel One	₹0	₹0	₹240 + GST/year	Gold ETFs, Sovereign Gold Bonds	Yes (MCX Gold Futures & Options)	iOS, Android, Web	Smart research tools, ARQ Prime recommendations, all-in-one investing
ICICI Direct	₹0	₹0*	Standard plans may charge around ₹300–₹700/year)	Gold ETFs, Gold Mutual Funds, Sovereign Gold Bonds	Yes (MCX Gold Futures & Options)	iOS, Android, Web	Integrated banking, premium research, comprehensive investment ecosystem
Upstox	₹0	₹0	₹150 + GST/year	Gold ETFs, Sovereign Gold Bonds (SGBs)	Yes (MCX Gold Futures & Options)	iOS, Android, Web	Fast order execution, TradingView charts, beginner-friendly interface, low brokerage
5paisa	₹0	₹0	Around ₹300/year	Gold ETFs, Gold Mutual Funds, Sovereign Gold Bonds (SGBs)	Yes (MCX Gold Futures & Options)	iOS, Android, Web	Flat brokerage plans, Smart Investor tools, multiple investment products
Dhan	₹0	₹0	₹0	Gold ETFs	Yes (MCX Gold Futures & Options)	iOS, Android, Web	Zero AMC, TradingView integration, advanced analytics, ideal for active traders
Motilal Oswal	₹0	₹0	Varies by account plan	Gold ETFs, Gold Mutual Funds, Sovereign Gold Bonds (SGBs)	Yes (MCX Gold Futures & Options)	iOS, Android, Web	In-depth research, advisory services, comprehensive wealth management platform
HDFC Sky	₹0	₹0	Varies by selected plan	Gold ETFs, Gold Mutual Funds, Sovereign Gold Bonds (SGBs)	Yes (MCX Gold Futures & Options)	iOS, Android, Web	Integrated banking, trusted HDFC ecosystem, research-backed investment insights

Overview of the Best Gold Trading Apps

The overview of the best gold trading apps is as follows:

1. Zerodha

It is one of the largest stock-broking firms in India. Zerodha serves millions of investors through its mobile application known as Kite. One can invest in all forms of digital gold through this application. Their clean interface advance charting tools.

Minimum Deposit	INR 0
Gold Products	Gold ETFs, Gold Mutual Funds, SGBs, Gold through Derivative Market
Account Type	Individual, NRI, and Corporate.

2. Pocketful

It is one of the fastest-growing Indian discount broking platforms. Pocketful offers a digital gold investment offer to its investors. Through their app, one can invest in gold through commodities platforms, ETFs, mutual funds, etc. The app is suitable for both long-term and short-term traders. The key advantage of opening a demat account with Pocketful is that it offers zero brokerage on delivery trades along with zero annual maintenance charges.

Minimum Deposit	INR 0
Gold Products	Gold ETFs, Gold Mutual Funds, SGBs, Gold Futures and Options.
Availability	Web, Android, iOS.

3. Groww

Groww begins their journey as a mutual fund investment platform, and later it entered the world of stocks and offers trading services. Through the Groww mobile application, one can easily invest in all forms of digital gold, including gold ETFs, Gold mutual funds, etc. Their app offers easy onboarding, creation of a market watchlist, etc.

Minimum Deposit	INR 0 no mandatory initial deposit.
Gold Products	Gold ETFs, Gold Mutual Funds, SGBs, Gold Futures and Options.
Regulatory Authorities	SEBI, NSE, BSE and MCX.

4. Angel One

Angel One is a renowned name in the full-time brokerage industry. It offers a comprehensive platform for an investor to invest in digital gold and trade in gold. Angel One also offers AI-powered research tools and reports. Angel One also offers educational content to its investors.

Minimum Deposit	INR 0
Gold Products	Gold ETFs, Gold Mutual Funds, SGBs, Gold Futures and Options.
Educational Contents	Webinars, Stocks and Commodities Research Reports.

5. ICICI Direct

ICICI Direct is also a full-service brokerage platform, and it is backed by ICICI Bank. It has a unique feature that is known as banking integration; therefore, it is the preferred choice for many long-term investors. Through ICICI Direct, one can invest in all types of digital gold.

Account Opening Fees	ICICI Direct has zero account opening charges.
Gold Instruments	Gold ETFs, Gold Mutual Funds, SGBs, Gold Futures and Options.
Research Reports	The company offers various research reports on various stocks and commodities.

6. Upstox

Upstox is also one of the leading discount broking firms in India. It has millions of users using their apps for both long-term investment and short-term trading. Their app provides easy access to investment in Gold through MCX futures and options, Gold ETFs, etc.

Feature	The Upstox app is equipped with advanced trading tools.
Order Placement	One-click order placement is available.
Annual Maintenance	The app charges an annual maintenance of 150 INR + GST.

7. 5 Paisa

5 Paisa provides a wide range of investment products to cater for the needs of both experienced and new investors. Their platform is also equipped with basket orders and advanced tools. It also provides access to Gold ETFs, Gold Mutual Funds, etc.

Features	Basket Orders, Portfolio Tracker, Option chains.
Types of Accounts	Individual Trading & Demat Account.
Educational Sources	Blogs, Trading Tutorials.

8. Dhan

Dhan has recently become one of the favourite apps for Indian traders. Their app focuses on customisation, speed, etc. It has integration with TradingView directly, allowing traders to do in-depth research. It also supports trading in gold.

Minimum Deposit	INR Zero
Gold Investment Option	Gold ETFs, MCX Gold Futures and Options.
Availability	iOS, Android and Web.

9. Motilal Oswal

It is one of the oldest brokerage firms in India. It has focused on a research-driven investment approach and wealth management services. The company has an extensive in-house research team that regularly publishes market reports.

Fees on Gold Trading	The charges vary according to the plan.
Research Report	Provides a free detailed research report for its investors.
Account Opening Charges	Zero account opening charges.

10. HDFC Sky

It is one of the next-generation trading platforms offered by HDFC Securities. It offers a seamless experience and has an integration with an HDFC Bank account; through this, one can easily transfer funds and monitor their portfolio. Along with this, it also provides educational content and market insights.

Regulatory Authorities	The app is regulated by SEBI, NSE, BSE and MCX.
Account of Type	Trading and Demat, and Commodity Account.
Minimum Deposit	There is a minimum zero deposit in HDFC Sky.

How to Choose the Best Gold Trading App

Here are the main things to consider before selecting a gold trading app:

Gold Investment Products: Look for investing & trading products like Gold ETFs, Gold Mutual Funds and MCX Gold Futures & Options on the app.
Brokerage & Charges: Compare account opening fees, annual maintenance charges (AMC), brokerage, and other transaction fees.
Trading Platform: Choose an app that has a simple user interface, real time market data, Advance charts and fast order execution.
Research & Educational Resources: Look for platforms that offer market insights, accurate data and educational content to help you make more informed investment decisions.
Security & Regulation: Verify that the broker is registered with SEBI and is a member of exchanges like NSE, BSE and MCX.
Customer Support: Reliable customer service is needed to quickly resolve queries related to trading and accounts.

Read Also: Best Trading Apps in India

Conclusion

On a concluding note, there are various gold trading apps available in the market, but the right app depends on the investor’s or trader’s requirement. If you are beginning your trading journey in gold, then you can go for apps like Pocketful that offer an easy-to-use interface with minimum cost. There are various ways through which one can trade in gold, such as Gold ETFs, Gold futures and options, SGBs, etc. However, it is advisable to consult your investment advisor before choosing and executing any trade in gold.

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Frequently Asked Questions (FAQs)

What are the key investment options in Gold?
There are various options to invest in gold, such as Gold ETFs, Gold Mutual Funds, Gold Options and Futures, SGBs, etc.
Is it mandatory to open a demat account while investing in gold?
Yes, it is mandatory to have a demat and trading account if you are investing in gold through ETFs or SGBs. But if you are investing in a Gold mutual fund, you do not need to have a demat and trading account.
Which is the best gold trading app?
Pocketful is among one of the best gold trading apps in India. It offers zero brokerage on delivery trades and also offers free account opening.
What are the Gold trading hours on the MCX?
The gold futures contracts are traded on MCX from 9:00 am to 11:30 pm or 11:55 during daylight saving time.
Can I invest in SGBs through a demat account?
Yes, you can invest in SGBs through demat and trading accounts because SGBs are traded on the secondary market.

July 17, 2026

SBI Funds Management IPO Allotment Status: Check Latest GMP, Steps to Verify Status

SBI Funds Management, one of India’s leading asset management companies, is launching an initial public offering (IPO) to raise up to ₹9,812.91 crore. The issue opens for subscription on July 14, 2026, and will close on July 16, 2026, with a price band fixed at ₹545 to ₹574 per share. Since the IPO is entirely an offer for sale (OFS), the company will not receive any proceeds from the issue. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 21, 2026, subject to allotment and necessary regulatory approvals.

SBI Funds Management IPO Day 3 Subscription Status

On Day 3, SBI Funds Management. IPO witnessed a strong investor turnout, closing with an overall subscription of 41.72 times. The QIB category led the demand approx 140.11 times, The Non-Institutional Investors 22.50 times subscription Overall, indicating good participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 26.01 times, while the sNII (less than ₹10 lakh) segment saw 15.50 times subscription. The Retail Individual Investors (RII) category was subscribed 3.74 reflecting healthy retail interest, the issue garnered 63,36,302 applications, with total bids amounting to approximately 2,98,279.95 crore, showcasing confidence across investor categories in the company’s growth potential.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	140.11
Non-Institutional Investors (NII)	22.50
bNII (above ₹10 lakh)	26.01
sNII (less than ₹10 lakh)	15.50
Retail Individual Investors (RII)	3.74
Total Subscriptions	41.72

Total Applications: 63,36,302 crore

Total Bid Amount (₹ Crores): 2,98,279.95

How to Check SBI Funds Management IPO Allotment Status?

SBI Funds Management IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.

Method 1: Registrar’s website (KFin Technologies Limited)

The most reliable way is to check allotment from the KFin Technologies Limited website.

How to do:

Visit KFin Technologies Limited official website
Select “SBI Funds Management” from the IPO list
Enter your details PAN number, Application number, or DP/Client ID
Click on Submit
You will see the allotment status on the screen.

Method 2: Check from BSE or NSE’s website

If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.

How to do:

Visit BSE or NSE’s official website
Select ‘Equity’ segment
Select “SBI Funds Management” from the IPO list
Enter PAN number and Application number
Click on Search

Objective of the SBI Funds Management IPO

For SBI Funds Management IPO, the issue is a 100% Offer for Sale (OFS) with no fresh issue component. Therefore, the company will not receive any proceeds from the IPO. The entire proceeds of approximately ₹9,812.91 crore will be received by the selling shareholders after deducting applicable expenses and taxes.

Use of IPO Proceeds	Amount (₹ Cr)
Proceeds to be received by selling shareholders through Offer for Sale (OFS)	9,812.91

SBI Funds Management – Day 3 Update

The grey market premium (GMP) of the SBI Funds Management stands at ₹95 as of July 16, 2026 (Day 3). Considering the upper end of the price band at ₹574 per share, the estimated listing price is around ₹669, reflecting a potential gain of approximately 16.32% per share in the grey market.

Date	GMP	Est. Listing Price	Gain
16-07-2026 (Day 2)	₹95	₹669	16.32%

Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

SBI Funds Management IPO – Key Details

Particulars	Details
IPO Opening Date	July 14, 2026
IPO Closing Date	July 16, 2026
Issue Price Band	₹545 to ₹574 per share
Total Issue Size	17,09,56,631 shares (aggregating up to ₹9,812.91 Cr)
Listing Platform	BSE, NSE
Registrar	KFin Technologies Limited
DRHP	SBI Funds Management

Important Dates for SBI Funds Management IPO Allotment

Event	Date
Tentative Allotment	July 17, 2026
Refunds Initiation	July 20, 2026
Credit of Shares to Demat	July 20, 2026
Listing Date	July 21, 2026

Overview Of SBI Funds Management

SBI Funds Management Limited is one of India’s leading asset management companies, offering a wide range of mutual funds and investment solutions across equity, debt, hybrid, and other asset classes. The company serves retail and institutional investors through an extensive distribution network across India. Backed by SBI and Amundi, SBI Funds Management has established a strong presence in India’s growing mutual fund industry. With increasing financial awareness, rising mutual fund participation, and growing demand for professionally managed investments, the company continues to strengthen its position in India’s asset management sector.

Frequently Asked Questions (FAQs)

What is the opening and closing date of SBI Funds Management IPO ?
SBI Funds Management IPO will open on 14 July 2026 and will close on 16 July 2026.
What is the price band of the SBI Funds Management IPO ?
Its price band is fixed from ₹545 to ₹574 per share.
What is the GMP (Grey Market Premium) of SBI Funds Management IPO today?
The GMP on 16 July 2026 is ₹95, which leads to a possible listing price of ₹669.
What is the total issue size of SBI Funds Management IPO?
The total issue size of the SBI funds Management IPO is ₹9,812.91 crore, The IPO is entirely an Offer for Sale (OFS).
What is the expected listing date of SBI Funds Management ?
This IPO is expected to be listed on BSE and NSE on July 21, 2026.

July 16, 2026

Best IT ETFs in India (2026)

Many individuals seek ways to participate in this digital revolution without the risk of picking individual stocks. A simple and highly effective method exists to achieve this financial goal. This type of investing means putting your money in a basket of top software and technology companies.

Information technology market is highly dynamic and volatile. Holding a diversified portfolio of software stocks can be highly rewarding. Today, the discussion explores how individuals can easily take part in this exciting financial journey.

What is an Information Technology ETF?

An IT ETF stands for Information Technology Exchange Traded Fund. This is a special type of mutual fund that trades on the stock market just like regular shares. Finding the best it etf in india helps investors buy a small piece of all the top technology companies at one single time.

By doing this, individuals avoid the huge risk of relying on just one single company. An it etf list usually includes industry giants like Tata Consultancy Services, Infosys, and HCL Technologies. There are several excellent it etfs in india available today for regular investors.

These funds track a specific market index, such as the Nifty IT index. The main goal of an it etf india is to mirror the performance of this underlying technology index exactly. When the overall technology sector performs well, the fund’s value also increases. This provides a very simple and low-cost way for regular people to invest in the software and digital services industry.

The Nifty IT Index consists of the largest and most liquid Indian information technology companies. These companies represent a massive portion of India’s technology exports. Funds that track this index buy shares in the exact same proportion as the index itself. This passive management style keeps the overall running costs very low for investors.

List of Best 5 IT ETFs in India

The following table presents the top five information technology funds in India. They are ranked by their Assets Under Management (AUM).

ETF Name	Ticker Symbol	AUM (₹ Cr)	Price (₹)	Expense Ratio (%)	1Y Return (%)	3Y Return (%)	5Y Return (%)
Nippon India ETF Nifty IT	ITBEES	3,532.65	32.16	0.19	-25.57	0.47	1.35
ICICI Prudential Nifty IT ETF	ITIETF	532.42	31.02	0.17	-25.44	0.55	1.42
Kotak Nifty IT ETF	IT	234.00	31.06	0.08	-25.21	0.68	1.54
DSP Nifty IT ETF	ITADD	145	29.67	0.41	-25.31	0.54	NA
Axis NIFTY IT ETF	ITAXIS	143	308.41	0.21	-25.54	0.45	1.36

Overview of Best 5 IT ETFs in India

1. Nippon India ETF Nifty IT

Nippon India ETF Nifty IT is the largest fund in this category. It currently manages assets worth ₹3532.65 crore. It trades under the popular symbol ITBEES on the stock exchanges. Having 0.19 expense ratio. The fund was launched in june 2020.

Over the past five years, it has delivered an annualised return of 1.35 percent. The recent one-year negative return of -25.57 percent reflects a global slowdown in technology spending. High interest rates globally have temporarily affected the profit margins of these Indian companies.

ETF Name	AUM (₹ Cr)	1Y Return (%)	3Y Return (%)	5Y Return (%)
Nippon India ETF Nifty IT	3532.65	-25.57	0.47	1.35

2. ICICI Prudential Nifty IT ETF

ICICI Prudential Nifty IT ETF is the second-largest fund in the segment. It holds an AUM of ₹532.42 crore. It trades under the symbol ITIETF and was launched in August 2020.

This scheme provides a highly accessible way for individuals to invest in the technology sector. The fund maintains a low expense ratio of 0.17 percent. It strictly replicates the Nifty IT index by investing heavily in major technology firms.

Being relatively new, its five-year return data is not yet available. However, it closely mirrors the broader market trends with a one-year return of -25.44 percent.

ETF Name	AUM (₹ Cr)	1Y Return (%)	3Y Return (%)	5Y Return (%)
ICICI Prudential Nifty IT ETF	532.42	-25.44	0.55	1.42

3. Kotak Nifty IT ETF

Kotak Nifty IT ETF manages assets worth ₹231.00 crore. It is highly notable for having the lowest expense ratio among its peers. The expense ratio stands at just 0.09 percent.

This incredibly low cost makes it very attractive for long-term investors. Launched in March 2021, the fund aims to generate returns that match the Nifty IT index. The fund holds a basket of reliable technology stocks.

Investors can buy this fund efficiently through any standard brokerage platform. Like other funds, it has faced short-term pressure with a one-year return of -25.21 percent.

ETF Name	AUM (₹ Cr)	1Y Return (%)	3Y Return (%)	5Y Return (%)
Kotak Nifty IT ETF	234.00	-25.21	0.68	1.54

4. DSP Nifty IT ETF

DSP Nifty IT ETF is a relatively newer entrant in the market. It was launched recently in July 2023. It currently holds assets under management worth ₹145 crore.

The fund trades under the symbol ITADD on the national exchanges. The expense ratio for this fund is at 0.17 percent. Since it is a new fund, five-year return metrics are not applicable yet.

It continues to provide targeted exposure to India’s top ten liquid and large-cap IT stocks. The fund experienced a one-year return of -25.31 percent due to the ongoing global tech sector correction.

ETF Name	AUM (₹ Cr)	1Y Return (%)	3Y Return (%)	5Y Return (%)
DSP Nifty IT ETF	145	-25.31	0.54	NA

5. Axis NIFTY IT ETF

Axis NIFTY IT ETF manages an AUM of ₹143 crore. It trades under the ticker symbol ITAXIS. It has a slightly higher unit price, trading around ₹308.41.

The fund charges a competitive expense ratio of 0.25 percent. This fund was introduced to the market in March 2021. It has shown a positive long-term trend with a five-year return of 7.62 percent.

The investment strategy focuses on the physical replication of the Nifty IT index components. The higher absolute share price does not affect the percentage returns for the investor.

ETF Name	AUM (₹ Cr)	1Y Return (%)	3Y Return (%)	5Y Return (%)
Axis NIFTY IT ETF	143	-25.54	0.45	1.36

Read Also: Best Index ETFs in India

Advantages of investing in IT ETF

Instant Diversification: Buying just one unit gives an investor exposure to multiple top software companies. This strategy significantly reduces the risk compared to investing all funds in one single stock.
Cost-Effective Investment: These funds generally feature a very low expense ratio. Investors save a lot of money on management fees, which naturally helps increase long-term profits.
Easy Liquidity: These funds trade directly on the stock exchange during normal market hours. Individuals can buy or sell them instantly, exactly like regular company shares.
Transparent Holdings: Investors do not need to spend hours researching individual companies. The fund automatically tracks the top technology businesses, and the portfolio is disclosed daily.

Disadvantages of investing in IT ETF

Sector Concentration Risk: All the invested money goes into the technology sector only. If the technology industry faces a tough period, the entire investment value will drop at the same time.
No Market Outperformance: These funds are designed only to copy the market index. They cannot beat the market or give higher returns than the index itself.
Brokerage and Demat Charges: Buying and selling these funds requires an active demat and trading account. Investors must pay brokerage fees and other small taxes for every single transaction.
Tracking Error: Sometimes the returns of the fund slightly differ from the actual index returns. This minor difference occurs due to internal cash management and daily expense deductions.

How to invest in IT ETF

Step 1: Open a Demat Account. An investor needs a valid demat and trading account to buy these funds.
Step 2: Complete the KYC Process. The user must submit basic identity documents online. This includes providing a PAN card, an Aadhaar card, and linked bank account details for smooth verification.
Step 3: Search for the ETF. Once the trading account is fully active, the investor can log into the app or website. Searching for the desired ticker symbol, like ITBEES or ITAXIS, will instantly bring up the fund details.
Step 4: Place the Buy Order. The investor simply needs to enter the number of units they wish to purchase. Clicking the buy button will execute the trade immediately, and the units will appear in the demat account shortly.

Conclusion

The Indian technology sector continues to hold immense potential for the future. Investing in ETFs, technology-focused funds offers a very straightforward path to participate in this ongoing digital growth. While there are certainly risks tied to focusing on a single sector, the clear benefits of low costs and instant diversification remain highly attractive.

A well-planned investment approach can help individuals build steady wealth over a long period. Selecting the right online trading platform, such as Pocketful, makes the entire investment journey smooth and completely hassle-free.

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Frequently Asked Questions (FAQs)

What is an IT ETF?
It is a passive mutual fund traded directly on the stock exchange. It invests solely in the top information technology companies in India.
What are the main benefits?
These funds offer very low management costs, and easy trading on stock exchanges. Investors gain safe exposure to tech giants without picking individual stocks.
How do individuals use these funds?
Investors hold them in a standard demat account to build long-term wealth. They serve as a focused technology portion within a much broader investment portfolio.
Are these investments risky?
Yes, they carry sector concentration risk. If the global software industry struggles due to economic factors, the fund value will drop accordingly.
Do these funds pay dividends?
Most of these funds automatically reinvest company dividends back into the fund’s net asset value. This internal process helps in compounding the invested money much faster.

July 16, 2026

Top 20 Stock Brokers in India for Stock Trading and Investing

Picking the best stock broker in India is a decision that shapes every rupee you earn or lose to fee over the next decade. A full-service broker can charge you ten times more per trade than a discount broker for the exact same order. This gap grows over years and can cost you a lot.

That is why we have listed the top 20 stock brokers in India based on verified pricing pages, platform stability, and product depth. The aim is to help you pick the best broker for trading or investing without wading through affiliate-driven noise.

How We Ranked the Top Brokers in India

Every broker on this list was evaluated on six factors that actually affect your returns:

Brokerage charges, including delivery, intraday, F&O, AMC, and DP fee.
Platform stability during high-volume trading sessions.
Margin trading and leverage offerings.
Research, charting, and trading tools.
Customer support quality and speed.
SEBI registration and regulatory compliance.

Quick Comparison: Best Stock Brokers in India at a Glance

S.No	Broker	Account Opening	AMC	Delivery Brokerage	Intraday/F&O	Best For
1	Groww	Free	₹0	₹20 or 0.1% (lower)	₹20 flat	Beginners, SIP investors
2	Zerodha	Free	₹300 + GST	₹0	₹20 or 0.03%	Long-term investors, active traders
3	Angel One	Free	₹240/yr	₹20 or 0.1%	₹20 flat	Research-backed discount trading
4	Upstox	Free	₹300/yr (1st yr free)	₹20/order	₹20/order	F&O traders who want TradingView
5	Pocketful	Free	₹0	₹0	₹20 flat or 0.03%	Active traders wanting AI tools and low MTF
6	Dhan	Free	₹0	₹0	₹20/order	Options traders, zero AMC seekers
7	ICICI Direct	Free	₹700/yr	~0.29%	~0.029%	3-in-1 banking convenience
8	HDFC Securities	₹999	₹750/yr	0.32%	0.032%	HDFC Bank customers
9	Kotak Securities (Neo)	Free	Plan-based	Plan-based	Tiered plans	Young investors under 30
10	Motilal Oswal	Free	Standard	% based	% based	Research-driven investors
11	Paytm Money	Free	Low/nil	₹20-level	₹20-level	Casual mobile-first investors
12	Fyers	Free	Low	₹0 to ₹20 tier	₹20/order	Technical, chart-heavy traders
13	5paisa	Free	Low	Flat fee	₹20/order	Budget-conscious traders
14	m.Stock (Mirae Asset)	One-time fee plans	Plan-based	Zero-brokerage plan	Zero-brokerage plan	High-volume traders
15	SBI Securities	Standard	Standard	% based	% based	SBI account holders
16	Axis Direct	Standard	Standard	% based	% based	Axis Bank 3-in-1 users
17	Sharekhan	Standard	Standard	% based	% based	Offline branch support
18	IIFL Securities	Standard	Standard	% based	% based	Advisory and wealth products
19	Geojit	Standard	Standard	% based	% based	South India branch network
20	Rupeezy	Free	Low	₹0	₹20 or 0.03%	Strategy builders, MTF

Note: Charges above exclude statutory levies, which are identical across every broker since the government sets them. The data is based on information available online and is bound to change. Use it for educational needs only.

Reviews of the Best Stock Brokers in India

Now that you know the top ones, let’s take a quick deep dive into each to understand better. This will help you while making decisions.

1. Groww: Best Investing Platform for Beginners

Groww started as a mutual fund platform before expanding into stocks, with its founders deliberately building a product around simplicity. That approach helped it become the biggest stock broker in India by active clients.

Account opening is fully digital with ₹0 AMC, making it one of the best stock brokers for Investing. The trade-off is that charting remains basic, and commodity trading is still unavailable.

2. Zerodha: Best Overall Trading Platform for Indian Stocks

It was founded in 2010. It actually changed the Indian broking industry. It introduced the flat-fee pricing model, making it one of the top brokers in India. Its Kite platform handles high-volatility sessions well, while Varsity offers free market education for beginners.

As the best broker for trading, it balances reliability and simplicity, although customer support is primarily ticket-based with no physical branch network.

3. Angel One: Best Hybrid of Research and Discount Pricing

Angel One began as a traditional full-service broker. It recently transformed into a digital-first platform with discount pricing. Its AI-powered ARQ advisory engine and nationwide branch network make it suitable for investors who value research alongside affordability.

It remains one of the top 20 stock brokers in India, though the app frequently promotes additional financial products beyond stockbroking.

4. Upstox: Best for F&O Traders on a Budget

Founded in 2009, Upstox expanded rapidly after receiving backing from investors. These included Ratan Tata. Today, it offers TradingView integration, over 100 technical indicators, and useful derivatives tools without additional charges.

Platform stability has improved significantly in recent years, making it one of the best broker for trading for active F&O participants seeking advanced charting at a competitive cost.

5. Pocketful: Best for Active Traders Who Want AI Tools and Low-Cost Margin

Pocketful is a new aged technology-driven platform Backed by 27+ years of market experience, it combines low brokerage with modern technology. Features like Pocketful GPT, built-in TradingView charts, Advance tools for F&O and MTF rates starting at 5.99% have helped position it among the fastest growing stock brokers.

While its offline presence is smaller than legacy firms, it offers strong value for traders looking for an AI-powered best stock broker in India.

6. Dhan: Best Zero-Cost Structure for Options Traders

Launched in 2021, Dhan has quickly built a reputation among options traders with features like strategy builders, draggable chart orders, and TradingView integration. With ₹0 AMC and free equity delivery, it offers excellent value for active traders.

As one of the fastest growing stock brokers, Dhan keeps adding new features, although its research ecosystem is still developing compared to older brokers.

7. ICICI Direct: Best Full-Service Broker

This has been a trusted name since 2000. It is one of the top brokers in India for investors seeking a full-service experience. Its integrated 3-in-1 account, Trend Scanner, and extensive research appeal to long-term investors.

While the platform offers convenience and reliability, its standard brokerage charges are higher than those of most discount brokers.

8. HDFC Securities: Best for HDFC Bank Loyalists

HDFC Securities is known for its detailed research and relationship manager support. It offers smooth integration with HDFC Bank accounts. Its Smart Order Routing compares prices before placing trades. This helps investors secure better execution.

It remains a preferred choice among the best stock brokers for investing, though higher account opening fees and annual maintenance charges may discourage cost-conscious investors.

9. Kotak Securities (Neo): Best for Investors Under 30

Operating since 1994, Kotak Securities combines the trust of an established financial institution with the modern Neo trading platform. It also offers access to international stocks and advanced trading tools like Kotak Nest.

For young investors, it has been one of the top 20 stock brokers in India. But its pricing structure has changed several times.

10. Motilal Oswal: Best for Research-Driven Investors

It offers great in-depth equity research and long-term investment advice. It is not known for low brokerage alone. Investors also benefit from features like My Wallet and margin funding on select stocks.

If research is your priority, it remains one of the best stock brokers for Investing. But its pricing is generally higher than most discount brokerage platforms.

11. Paytm Money: Best for Casual, Mobile-First Investors

Paytm Money began as a direct mutual fund platform before expanding into stock and F&O trading. Leveraging the Paytm ecosystem, it offers a simple digital investing experience with paperless account opening and zero commission on direct mutual funds.

It is a good choice among the top brokers in India for casual investors, although advanced charting and trading tools remain fairly limited.

12. Fyers: Best Charting-First Platform for Technical Traders

It was built in 2015 with active traders in mind. It offers TradingView-powered charts. IT also has a well-documented API for strategy automation. Its trader-first approach helped to earn a loyal following despite a smaller customer base.

If technical analysis is your priority, Fyers is among the best broker for trading even when the presence is small.

13. 5paisa: Best for Budget-Conscious Traders

5paisa was one of India’s earliest discount brokers to popularise flat-fee brokerage across multiple investment products. Backed by the IIFL Group, it continues to attract cost-conscious traders with affordable pricing.

It remains one of the top 20 stock brokers in India for those focused on keeping trading costs low, although its charting capabilities are less advanced than many newer platforms.

14. m.Stock (Mirae Asset): Best for High-Volume Traders

Backed by Mirae Asset, m.Stock introduced a lifetime subscription model that offers zero brokerage on equity delivery, intraday, and F&O after a one-time payment.

Frequent traders can recover this cost quickly, making it an attractive option among the fastest growing stock brokers. However, occasional investors may not benefit enough from the upfront subscription fee.

15. SBI Securities: Best for SBI Account Holders

SBI Securities combines the trust of India’s largest public sector bank with a convenient 3-in-1 banking, trading, and Demat account. It also offers portfolio management, forex, derivatives, and regular market research.

For investors who prioritise reliability, it remains one of the best stock brokers for Investing, although its technology and trading interface still trail many modern discount brokers.

16. Axis Direct: Best for Axis Bank 3-in-1 Users

Axis Direct combines banking, trading, and Demat services. All these are through its seamless 3-in-1 account. It also offers detailed research reports, investment advice, and webinars for investors.

Among the top brokers in India, it appeals to research-focused users. Its percentage-based brokerage is high which can be a drawback for many traders.

17. Sharekhan: Best for Offline Branch Support

Sharekhan has built its reputation through a strong branch network. It runs investor education initiatives like Sharekhan Classroom. Along with research-backed recommendations, it allows traders to use fixed deposits as collateral for F&O positions.

It remains one of the best stock brokers for Investing. If you value personalised support, then its newer app-first platforms are the best.

18. IIFL Securities: Best for Advisory and Wealth Products

IIFL Securities blends traditional advisory services with modern investing tools, offering access to research platforms like Trendlyne and Refinitiv, along with IPO and mutual fund investing.

It is a suitable option among the top 20 stock brokers in India for investors seeking a broader wealth management experience. However, the absence of a dedicated 3-in-1 banking setup adds an extra step when transferring funds.

19. Geojit: Best for South India Branch Network

It was established in 1987. It has built a strong presence across South India and among NRIs in the Middle East. Its Flip platform works well with all assets. This makes it a well-rounded offering.

It remains one of the best stock brokers for Investing. It is still lacking in some of the top features for many newer digital-first competitors.

20. Rupeezy: Fastest Growing New-Age Broker to Watch

Rupeezy has rapidly expanded to over 300,000 customers by combining competitive pricing with trader-focused technology. Features like a no-code options strategy builder, F&O scanner, and unified ledger have helped position it among the fastest growing stock brokers.

Its product range is still growing. Based on it, this is now in the list of the best stock broker in India with advanced trading tools.

Discount Broker vs Full-Service Broker: Which Should You Choose

The choice is mainly based on cost and need. The table below can help you out.

Feature	Discount Broker	Full-Service Broker
Brokerage	Flat fee (usually ₹20 or less per order)	Percentage-based (around 0.3%–0.5% per trade)
Advisory	No personalised advice	Research reports and investment recommendations
Relationship Manager	Not available	Usually included
Best For	Active traders and DIY investors	Beginners, NRIs, and investors seeking guidance
Examples	Zerodha, Groww, Pocketful, Dhan	ICICI Direct, HDFC Securities

Example: For a ₹2 lakh delivery trade, a discount broker may charge ₹0–₹20. But a full-service broker may charge around ₹600. Self-directed investors usually save more with discount brokers.

Read Also: Top Discount Brokers

How to Verify a SEBI-Registered Broker

Before opening an account anywhere, confirm the broker is genuinely SEBI registered:

Visit sebi.gov.in.
Go to Intermediaries, then Recognised Intermediaries.
Search by the broker’s registered legal entity name.
Match the SEBI registration number with one on the broker’s website footer.
Cross-check active NSE membership on nseindia.com.
Read the broker’s mandatory Investor Charter and monthly complaint disclosure.
Confirm your demat account is with CDSL or NSDL before starting.

Note: Avoid brokers asking for payments to personal accounts or promising guaranteed returns.

Start Your Investment Journey with Pocketful

After comparing the top 20 stock brokers in India, choose a platform that matches your financial goals. Pocketful combines low brokerage, AI-powered research, TradingView charts, and competitive MTF rates, making it an excellent choice for both new and experienced investors. Open your account today and take the next step in your investing journey.

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Frequently Asked Questions (FAQs)

Which is the best stock broker in India for beginners?
Groww and Zerodha are best for beginners. But Pocketful is a strong option for beginners who also want access to AI-assisted research without extra charges.
Which broker has the lowest brokerage charges in India?
Zerodha, Dhan, and Pocketful all charge ₹0 on equity delivery. For intraday and F&O, most of these brokers charge a flat ₹20 per order. All these are the deciding factors for traders.
Is Pocketful a good broker for active trading?
Yes. Pocketful offers zero brokerage on equity delivery and AMC. It offers a flat ₹20 per order on intraday and F&O. It also offers the lowest Margin Trading Facility rates starting at 5.99% PA.
What is the safest stock broker in India for large investments?
Safety depends on regulation rather than broker size. But if you wish to find the safest and low charge one, then Pocketful, Dhan, Zerodha, and a few others top the list.
Which are the best brokers for trading options and futures in India?
Pocketful and Dhan both offer zero AMC with strong options tooling, including advanced option chains and strategy features. This can help with stable trades.

July 16, 2026

SBI Funds Management IPO Day 2 GMP, Subscription & Listing Date

SBI Funds Management IPO Day 2 Subscription Status

On Day 2, SBI Funds Management. IPO witnessed a strong investor turnout, closing with an overall subscription of 2.80 times. The NII category led the demand, The Non-Institutional Investors 6.53 times subscription Overall, indicating good participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 7.07 times, while the sNII (less than ₹10 lakh) segment saw 5.43 times subscription. The Retail Individual Investors (RII) category was subscribed 1.69 times, reflecting healthy retail interest, QIB approx 1.50 times the issue garnered 27,21,076 applications, with total bids amounting to approximately 19,989.98 crore, showcasing confidence across investor categories in the company’s growth potential.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	1.50
Non-Institutional Investors (NII)	6.53
bNII (above ₹10 lakh)	7.07
sNII (less than ₹10 lakh)	5.45
Retail Individual Investors (RII)	1.69
Total Subscriptions	2.80

Total Applications: 27,21,076 crore

Total Bid Amount (₹ Crores): 19,989.98

How to Check SBI Funds Management IPO Allotment Status?

Method 1: Registrar’s website (KFin Technologies Limited)

The most reliable way is to check allotment from the KFin Technologies Limited website.

How to do:

Visit KFin Technologies Limited official website
Select “SBI Funds Management” from the IPO list
Enter your details PAN number, Application number, or DP/Client ID
Click on Submit
You will see the allotment status on the screen.

Method 2: Check from BSE or NSE’s website

If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.

How to do:

Visit BSE or NSE’s official website
Select ‘Equity’ segment
Select “SBI Funds Management” from the IPO list
Enter PAN number and Application number
Click on Search

Objective of the SBI Funds Management IPO

Use of IPO Proceeds	Amount (₹ Cr)
Proceeds to be received by selling shareholders through Offer for Sale (OFS)	9,812.91

SBI Funds Management – Day 2 Update

The grey market premium (GMP) of the SBI Funds Management stands at ₹93 as of July 15, 2026 (Day 2). Considering the upper end of the price band at ₹574 per share, the estimated listing price is around ₹667, reflecting a potential gain of approximately 15.85% per share in the grey market.

Date	GMP	Est. Listing Price	Gain
15-07-2026 (Day 2)	₹93	₹667	15.85%

SBI Funds Management IPO – Key Details

Particulars	Details
IPO Opening Date	July 14, 2026
IPO Closing Date	July 16, 2026
Issue Price Band	₹545 to ₹574 per share
Total Issue Size	17,09,56,631 shares (aggregating up to ₹9,812.91 Cr)
Listing Platform	BSE, NSE
Registrar	KFin Technologies Limited
DRHP	SBI Funds Management

Important Dates for SBI Funds Management IPO Allotment

Event	Date
Tentative Allotment	July 17, 2026
Refunds Initiation	July 20, 2026
Credit of Shares to Demat	July 20, 2026
Listing Date	July 21, 2026

Overview Of SBI Funds Management

Frequently Asked Questions (FAQs)

What is the opening and closing date of SBI Funds Management IPO ?
SBI Funds Management IPO will open on 14 July 2026 and will close on 16 July 2026.
What is the price band of the SBI Funds Management IPO ?
Its price band is fixed from ₹545 to ₹574 per share.
What is the GMP (Grey Market Premium) of SBI Funds Management IPO today?
The GMP on 15 July 2026 is ₹93, which leads to a possible listing price of ₹667.
What is the total issue size of SBI Funds Management IPO?
The total issue size of the SBI funds Management IPO is ₹9,812.91 crore, The IPO is entirely an Offer for Sale (OFS).
What is the expected listing date of SBI Funds Management ?
This IPO is expected to be listed on BSE and NSE on July 21, 2026.

July 15, 2026

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