Groww (Billionbrains Garage Ventures Ltd.), one of India’s fastest-growing investment and wealth management platforms, is launching an initial public offering (IPO) to raise up to ₹6,632 crore. The issue opens for subscription on November 4, 2025, and will close on November 7, 2025, with a price band fixed at ₹95 to ₹100 per share. The IPO comprises a fresh share issuance of approximately ₹1,200 crore and an offer-for-sale (OFS) of about ₹5,432 crore by existing shareholders. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 12, 2025, subject to allotment and necessary regulatory approvals.
Groww (Billionbrains Garage Ventures Ltd.) IPO Day 3 Subscription Status
On Day 3, Groww (Billionbrains Garage Ventures Ltd.). IPO witnessed a strong investor turnout, closing with an overall subscription of 17.60 times. The Qualified Institutional Buyers (QIB) category led the demand with a robust 22.02 times subscription, indicating solid institutional participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 16.28 times, while the sNII (less than ₹10 lakh) segment saw 10.04 times subscription, resulting in an overall NII subscription of 14.20 times. The Retail Individual Investors (RII) category was subscribed 9.43 times, reflecting healthy retail interest. Overall, the issue garnered 31,40,951 applications, with total bids amounting to approximately ₹64,186.764 crore, showcasing strong confidence across investor categories in the company’s growth potential.
Investor Category
Subscription (x)
Qualified Institutional Buyers (QIB)
22.02
Non-Institutional Investors (NII)
14.20
bNII (above ₹10 lakh)
16.28
sNII (less than ₹10 lakh)
10.04
Retail Individual Investors (RII)
9.43
Total Subscriptions
17.60
Total Applications: 31,40,951
Total Bid Amount (₹ Crores): 64,186.76
How to Check Groww (Billionbrains Garage Ventures Ltd.) IPO Allotment Status?
Groww 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 (MUFG Intime India Pvt. Ltd.)
The most reliable way is to check allotment from MUFG Intime India Private Limited’s website.
How to do:
Visit MUFG Intime India Pvt. Ltd.’s official website
Select “Groww IPO” 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.
Objective of the Groww (Billionbrains Garage Ventures Ltd.) IPO
Groww plans to utilize the net proceeds from the fresh issue for the following purposes. The proceeds from the Offer for Sale (OFS) will be received by the selling shareholders and not by the company :
Use of IPO Proceeds
Amount (₹ Cr)
Investment in technology infrastructure, AI, and data security enhancement
420.75
Expansion of product offerings and development of new financial services
285.60
Marketing, brand promotion, and customer acquisition initiatives
210.40
Strengthening subsidiaries and investing in overseas expansion
163.25
General corporate purposes and working capital requirements
The grey market premium (GMP) of the Groww IPO stands at ₹5 as of November 07, 2025 (Day 3). Considering the upper end of the price band at ₹100 per share, the estimated listing price is around ₹105, reflecting a potential gain of approximately 05.00% per share in the grey market.
Date
GMP
Est. Listing Price
Gain
07-11-2025 (Day 3)
₹5
₹105
05.00%
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.
Important Dates for Groww (Billionbrains Garage Ventures Ltd.) IPO Allotment
Event
Date
Tentative Allotment
November 10, 2025
Refunds Initiation
November 11, 2025
Credit of Shares to Demat
November 11, 2025
Listing Date
November 12, 2025
Overview Of Groww (Billionbrains Garage Ventures Ltd.)
Groww (Billionbrains Garage Ventures Ltd.) is a technology-driven, digital investment and wealth management platform that enables users to invest in stocks, mutual funds, ETFs, IPOs, and other financial products seamlessly. With a mission to provide “Investing Made Simple” for everyone, Groww integrates advanced technology, AI-driven analytics, and a robust cloud infrastructure to offer an intuitive, secure, and scalable investment experience. India is its largest market, where it serves millions of retail investors through its mobile app and web platform, while also exploring international expansion opportunities. The company leverages data analytics, automation, and personalized insights to provide investors with accessible financial tools and investment guidance. According to industry reports, Groww is one of India’s fastest-growing retail investment platforms by active users and transaction volume in FY2025, making it a key player in the country’s digital wealth management ecosystem.
Frequently Answered Questions (FAQs)
What is the opening and closing date of Groww (Billionbrains Garage Ventures Ltd.)?
Groww IPO is open on 04 November 2025 and will close on 07 November 2025.
What is the price band of the Groww (Billionbrains Garage Ventures Ltd.) IPO?
Its price band is fixed from ₹95 to ₹100 per share.
What is the GMP (Grey Market Premium) of Groww (Billionbrains Garage Ventures Ltd.) IPO today?
The GMP on 07 November 2025 is ₹5, which leads to a possible listing price of ₹105.
What is the total issue size of Groww (Billionbrains Garage Ventures Ltd.) IPO?
The total issue size of the Groww (Billionbrains Garage Ventures Ltd.) IPO is ₹6,632 crore, structured as a combination of fresh issue and Offer for Sale (OFS) by existing shareholders.
What is the expected listing date of Groww (Billionbrains Garage Ventures Ltd.)?
This IPO is expected to be listed on BSE and NSE on 12 November 2025.
Imagine you’re a fruit seller and you have a strong feeling that during the summer season mango prices will shoot up, this means you are “bullish” on mangoes. You could buy tons today, but that’s costly as well as risky, because what if you are wrong.
Instead, you pay a farmer a small token amount and he gives you the right to buy 100 boxes of mangoes from him at today’s price, anytime in the next month. If mango prices double, you can sell them for a huge profit, but what if the prices fall, you only lose a small token amount.
This simple agreement is the options trading. And when investors use it to make profit from rising prices, they are using bullish option strategies.
What Does Bullish Mean in Options?
In the stock market, being “bullish” means you believe prices will rise and go up. Instead of buying a stock outright, you can use options to act on this belief because:
Low Costs: Like our mango example, you can control a large number of shares by just paying a small fee known as ‘premium’.
Lower Risk (for Buyers): If your intuition is wrong and the stock starts to fall, you will only be losing the premium paid.
Types of Bullish Options Trading Strategies
Let’s look at the most common strategies used by investors when they are bullish in the stock market.
1. Buying a Call Option
This is the most direct way to buy stocks during rising prices. In this you only pay a small fee for the right, but not the obligation, to buy a stock at a pre-determined price aka the Strike Price before a specific end date or the expiry date. Investors generally use this when they have strong feelings and they expect a big, fast jump in the stock price.
Advantages
Unlimited Profit: If the stock keeps rising, there’s no limit to how much you can make.
Limited Loss: Your maximum loss is capped around the premium you have paid.
Disadvantages
Time Decay: This is the biggest challenge as the value of your option decreases every single day, like a ticking clock.If the stock doesn’t move up in time, you can lose your entire investment even if you were in the right direction.
2. Bull Call Spread
This is for the smarter investors, where to reduce their initial cost, investors pay for the right to buy at today’s price but also sell the right to someone else to buy at a much higher price. Investors are still bullish on this, but they are limiting their potential profit to lower their initial risk and cost.
In a Bull Call Spread, you buy a call option and simultaneously sell another call option with a higher strike price. The premium you get from selling the second option makes the whole trade cheaper.
Advantages
Lower Cost & Defined Risk: It’s cheaper than buying a call alone, and you know your maximum possible loss from the start.
Reduces Time Decay Impact: Since you’ve both bought and sold an option, the negative effect of time passing is reduced.
Disadvantages
Limited Profit: Because you have already sold a call, your profit is capped. You cannot benefit from instant price rise once you sell.
Example: Bull Call Spread on Nifty 50, lets say the Nifty is at 18,000 meaning you are moderately bullish. You buy an 18,000 Call for a Rs.150 premium and sell an 18,500 Call for an Rs.80 premium. Your total cost is just Rs.70 (Rs.150 – Rs.80). This is your maximum loss. But here your profit is capped, the maximum you can make is the difference in strike prices (500 points) minus your cost (Rs.70), which is Rs.430.
3. Bull Put Spread
In this strategy you get paid upfront for your bullish view. In a Bull Put Spread, you sell a put option (your bet that the price won’t fall) and buy another put option with a lower strike price to act as insurance against a big crash. You receive a net income (a “credit”) for doing this.
Advantages
Upfront Premium: Investors get the money instantly in their bank account.
Profit from Sideways Movement: You can make money in this even if there is no movement in the stock until and unless the stock price starts to fall.
Time Decay: As time passes, the value of the options you sold decreases, which is good for you.
Disadvantages
Capped Profit: The maximum profit you can earn is only the net premium you received.
Higher Losses: The maximum loss is usually greater than the maximum profit.
4. Covered Call
This strategy is not for new traders, but for investors who already own the stock. In a Covered Call, you own the stock and you sell a call option against it. The shares you own are the “cover” for the call option you sell.
Let’s understand this from a quick example, think of it like owning a house, to earn extra money, you decide to rent out the top floor. You get a steady rent (the premium), but you agree that if someone offers a certain high price for your house, you will sell it.
Advantages
Generates Income: Investors can earn a stable income by “renting out” their shares.
Downside Protection: The premium acts as a small cushion if the stock price falls.
Disadvantages
Limited Profit: If the stock price shoots up, your profit is capped. You have to sell your shares at the strike price and miss out on the big rally.
Downward Risk: If the stock price crashes, you still own the falling stock. The small premium you received is much lesser than the loss incurred.
Choosing the right strategy depends on how bullish you are and how much risk you’re willing to take.
Parameter
Long Call
Bull Call Spread
Bull Put Spread
Covered Call
Market View
“This stock will rocket up!”
“This stock will go up a bit.”
“This stock will not fall.”
“My stock will stay flat or rise a little.”
Maximum Profit
Unlimited
Limited (Defined)
Limited (Net Credit)
Limited (Capped at Strike)
Maximum Loss
Limited (Premium Paid
Limited (Net Debit)
Limited (Defined)
Substantial (Stock can go to zero)
Best For
High-conviction bets on a big, fast move.
Betting on a rise with low cost and defined risk.
Getting paid a premium for your confidence.
Long-term investors wanting extra income.
Conclusion
Options trading is a strategy where knowledge and discipline are utmost required. As a beginner, your first goal should be to secure your capital. Start with paper trading or an amount of money you are fully prepared to lose. Bullish options strategies can be a powerful tool to expand your income, but they also come with attached risks to it. So knowledge and experience with right timing shall always be considered.
S.NO.
Check Out These Interesting Posts You Might Enjoy!
Is Bull Call Spread and a Bull Put Spread different from each other?
Yes, with a Bull Call Spread, you pay a small amount (a debit) and need the stock to rise to make money and in Bull Put Spread, you receive a small amount (a credit) and make money as long as the stock doesn’t fall below a certain price.
Shall stocks be bought during the bullish market?
Buying stocks exposes all your investment to direct risk as buying stock requires money upfront and this money can be lost if the price starts to fall. However, Options offer a lower-cost way to trade with a defined, limited risk, but you are also fighting against time decay.
How much money is required to start options trading?
You can start with a few thousand rupees as buying a call or a bull call spread can be cheap, though selling a bull put spread requires a margin from your broker, which can be around Rs.1 lakh or more. A covered call requires the most capital, as you must own the underlying shares first.
What happens if the bullish feeling is wrong and the market falls?
In Long Call or Bull Call Spread, your losses are capped to the net premium you pay. With a Bull Put Spread, your loss is also limited but can be larger than the premium you received. With a Covered Call, you face the full risk of the stock price falling.
Can positions be closed before expiry?
Generally investors prefer to close their positions before the expiry date to lock in profits or cut losses. Waiting until the last minute can be risky as sudden price moves can erase your gains.
Things are not the same as they used to be when it comes to trading in India. Traders are using automated systems, data-driven strategies, and algorithmic trading these days.
Do you know what is going on behind the scenes of all this technology-driven trading? APIs.
An API lets your code or software connect to your broker directly. If you like coding, you can make your own trading app, automatically place trades, get live data, test your strategies, etc.
In today’s blog, we will discuss about the best broker that offers free APIs in India.
What is Trading API
An API (Application Programming Interface) is like a bridge between your computer program and the broker’s system. You can write your own code, which connects directly to the broker instead of logging into their app to make trades.
Below is what you can do with a trading API:
Access live market data, including order books and price feeds.
Automatically place orders to buy and sell.
You don’t have to log in to manage your portfolio positions.
Apply the algorithms to execute strategies for intraday, swing, or options trading.
Use past data to test your strategies.
Best Brokers Offering Free APIs
1. POCKETFUL
Pocketful is a fintech platform that makes stock investing and algorithmic trading easy for young and tech-savvy people. It is still new to the Indian market, but is already getting attention.
Pocketful’s API is free and made for developers who want flexibility. You can stream market data, make trades, and manage your portfolios without paying anything extra. The setup is easy, and the fact that it supports Python makes it suitable for beginners to use.
2. ANGEL ONE
Angel One’s SmartAPI is a free, developer-friendly platform that lets you automate trading and access live and historical market data. You can place orders, track your portfolio, and build anything from simple scripts to advanced trading bots. It works with REST and WebSocket, supports multiple programming languages, and is suitable for both beginners and fintech developers looking to create automated or copy-trading systems.
The platform also provides real-time updates for multiple market segments, including stocks, options, futures, and commodities. It offers features like automated entry/exit strategies, risk management tools, and GTT (Good Till Triggered) orders. A strong community and support resources help users learn, troubleshoot, and improve their trading systems efficiently.
3. ALICE BLUE
Alice Blue is a discount broker based in Bangalore that has built a good name for low-cost trading and a growing community of active traders. They have also worked with a lot of third-party algorithm platforms.
Their ANT API is free and lets you access live market data, place and manage orders, and examine historical data for backtesting. You don’t have to worry about compatibility, as it works with many languages, including Python and Java. Alice Blue can be a good option for anyone who wants to try automation without extra costs.
4. FYERS
Fyers is a new discount broker in India, but it is evolving rapidly because it prioritises technology. Investors adore them because their platform is updated, and they do not charge any fees for delivery trades.
The Fyers API is free and easy for developers to use. You can get live feeds, place orders, and see historical charts. This is amazing if you want to backtest or make your own dashboards. Fyers is a great choice for algorithmic trading because it works well with Python and has an active online community.
5. KOTAK NEO
Kotak Securities, an arm of the Kotak Mahindra Bank, is one of the biggest names in the broking industry. They established Kotak Neo, a discount trading platform, to keep up with the new wave of traders.
Neo’s free API lets you get market data, make trades, and keep track of your holdings. It stands out because you get the reliability and trust of a big broker without having to pay anything for the API. Although it is quite new, it is definitely worth giving a try.
6. DHAN
Dhan started back in 2021, but it is already gaining popularity among active traders. With sleek platforms, a user-friendly Interface, and a focus on technology, it is built specifically for today’s trading generation.
The Dhan API is free and made for developers. You can get live market data, place orders quickly, use WebSockets, and work with Python easily. The platform is easy to use for beginners, and the start-up process is smooth. Dhan is a great choice if you want algo trading tools without the extra fees or clutter.
7. SAMCO
Samco is a discount broker that has been around for a while. It is known for its flat ₹20 brokerage and easy-to-use trading platforms. It is not as big as Zerodha or Angel One, but it has found a place among traders who want to save money.
Samco gives you free access to its API that lets you see live market data, place orders, and keep track of your portfolio. It is a good choice for anyone who wants to automate simple trading strategies without paying a monthly fee.
8. SHOONYA by FINVASIA
Finvasia’s Shoonya platform is known for being a trading app with no hidden fees, and this alone makes it attractive to retail traders who don’t want to pay high fees.
The Shoonya API is free to use and has everything you need for algorithmic trading, like real-time data, order placement, and portfolio management. Shoonya is one of the best options for cost-conscious algo traders because it has no broker fees and a free API.
9. UPSTOX
Upstox is one of the most popular discount brokers in India, backed by Late. Ratan Tata. It has a visually appealing trading app and competitive brokerage plans, with more than 1 crore customers.
Upstox also have an API. Developers can use it for free and analyse market data and simple automation, but they have to pay for advanced features. If you are new to algo trading and already use Upstox, this is a great way to get an understanding of it before you jump into buying their premium plans.
10. TRADESMART
TradeSmart is an Indian stockbroker that offers discounts. They have built up a loyal group of traders. They are known for their easy-to-understand pricing plans and their focus on making trading affordable.
They also offer free trading APIs, which means you can make your own trading setups or test algorithm strategies without having to pay extra. TradeSmart is a great choice for someone who wants a broker that is easy to use, dependable, and cheap, and helps in automating trades.
Benefits of Using Trading APIs
Not everyone wants to spend thousands to try algo trading. That is where free APIs come into the picture.
Here is why they are helpful,
No upfront cost – You can learn and try things out without having to worry about paying bills every month.
Flexibility – You can set up your own trading systems the way you want.
Automation – This lets you execute trades faster and without getting emotional.
Backtesting – Helps you evaluate your plan on past data before exposing money at risk.
Paper Trading – Some brokers let you practise before you start trading live.
If you like coding or just want to try automated trading, picking a broker with free APIs can be a good choice. Indian traders now have a lot of opportunities. They can choose from well-known names like Zerodha and Angel One or emerging brands like Dhan and Pocketful. The key is to choose the one that works best for you. Keep in mind that an API is just a tool; what matters is how you use it to make your trading ideas real.
S.NO.
Check Out These Interesting Posts You Might Enjoy!
Yes! There are so many brokers, like Zerodha, Angel One, Pocketful, Alice Blue, and others, that let you use their services for free, but some may have limits or extra features that cost money.
Do I need to know how to code to use APIs?
If you know languages like Python or JavaScript, you can make and run strategies. Don’t worry; there are many tutorials and community forums to help you.
What is a broker API, exactly?
You can think of it as a bridge between your trading account and your app, bot, or program that lets you place trades automatically.
Can I use free APIs to trade live?
For sure. You can make real trades with most brokers’ APIs, and some brokers also provide paper trading for you to practice first.
Which broker is best for people who are just starting?
Pocketful, Angel One, and Dhan are all good options if you are starting. They all have active communities and easy-to-use platforms.
If you have been following the stock market, you’ve probably seen the excitement that surrounds a big IPO. The thrill, the anticipation, and the race to get an allotment are almost like the stock market’s version of a blockbuster movie release. Over the years, India has witnessed some incredible IPO. Some issues were so oversubscribed that the demand went through the roof. These record-breaking IPOs on the BSE and NSE showed just how eager people were to own a part of the company being listed.
In this blog, we will take a look at the 10 most subscribed IPOs in India and explore what made them so popular. So, let’s rewind a bit to some of the biggest IPOs the Indian market has ever seen!
What is IPO Subscription & Why Does it Matter?
When a company decides to go public, it offers its shares to investors through an Initial Public Offering (IPO). The moment the IPO opens, from large institutional investors to retail buyers, everyone starts placing bids for those shares. The total number of bids compared to the number of shares available is called the IPO subscription.
An IPO subscription shows how much demand there is for a company’s shares before they get listed on the stock market. For example, if an IPO is subscribed to 50 times, it means investors have applied for 50 times more shares than what is available, a sign that the issue is in high demand!
IPO subscriptions are usually divided into three groups:
QIB (Qualified Institutional Buyers): Big players like mutual funds, insurance companies, and foreign investors.
NII/HNI (Non-Institutional or High-Net-Worth Investors): Rich individuals who apply with larger amounts.
Retail Investors: Small investors applying for smaller lots, usually up to ₹2 lakh.
So, why does this matter? Because subscription levels tell a story, they reflect investor confidence, market sentiment, and the overall excitement around an IPO.
It hints at listing gains – Heavily subscribed IPOs often list at a premium (though not always guaranteed).
It reveals hype and demand – You can easily see which companies are getting everyone’s attention.
That said, do not get carried away by subscription numbers alone. A company’s fundamentals matter much more for long-term success. Some IPOs soar on the day they list, while they may lose steam soon after if the business does not live up to expectations.
IPOs are always exciting; it is like getting a front-row ticket to a company’s growth story. Some IPOs grab headlines not just for the business itself but for the insane rush of investors. That said, remember this: a high subscription or a big listing day gain does not automatically mean long-term profits. Smart investing always comes down to looking at the company’s fundamentals and the bigger market picture.
S.NO.
Check Out These Interesting Posts You Might Enjoy!
What does it mean when an IPO is “oversubscribed”?
It just means more people want shares than are available.
Does a high subscription guarantee profits?
No. High subscription usually shows strong demand and can mean a good listing, but it doesn’t promise long-term gains.
What is the difference between mainboard and SME IPOs?
Mainboard IPOs are from big, established companies listed on NSE/BSE. SME IPOs are for smaller companies on the SME platform
How are IPO listing gains calculated?
It is the percentage difference between the IPO price and the stock’s listing price. Sometimes people look at the opening price; sometimes the closing price on the first day.
Can retail investors apply for all IPOs?
Yes! Most IPOs have a retail quota, usually up to ₹2 lakh. Bigger investors like institutions and HNIs have their own separate quotas.
When investing in the stock market, it’s important to understand how a company distributes its profits. A portion is distributed to shareholders as dividends, while the remainder is invested in business growth. This is known as the type of dividend policy in financial management. Different dividend policy types reflect a company’s thinking and strategy. In this blog, we’ll explore these policies and why they’re important to investors.
Understanding Dividend Policy in Financial Management
Dividend policy is the policy by which a company determines how much of its profits will be distributed to shareholders as dividends and how much will be reinvested for future needs or expansion plans. This decision is directly linked to the company’s financial management and reflects its long-term credibility and growth strategy.
Why it’s Important
Impact on Capital Structure and Cash Flow: After paying dividends, the company’s remaining funds are used to repay debt, expand, or pursue research.
Investor Confidence: A consistent and stable dividend policy makes investors believe the company is strong and reliable.
Impact on Valuation
Dividend policy also impacts a company’s market value. Paying regular dividends or declaring special dividends sends a message to the market that the company has a positive future. Many large Indian companies follow this strategy.
Key Theories
Modigliani–Miller Hypothesis: This theory holds that if the market is completely fair and tax-free, dividend policy will have no impact on a company’s value.
Residual Dividend Theory: According to this model, a company first completes necessary investments and the remaining profits are distributed as dividends.
Sharing profits after meeting investment requirements
Balanced Investor
Hybrid/Compromise Dividend Policy
Minimum dividend + bonus in good years
Those seeking both stability and growth
Special Dividend Policy
Lump sum or occasional dividends
Those seeking short-term returns
1. Regular Dividend Policy
A regular dividend policy is a policy in which a company pays its shareholders a fixed dividend each year or quarter. Its purpose is simply one: to assure investors that their investment will provide consistent and stable income.
Example : ITC Ltd. in India is a good example of this policy. ITC has been consistently paying dividends for several years, making it a favorite among investors seeking regular income from stocks.
Advantages and Disadvantages:
The advantage is that investors receive a steady cash flow each year, maintaining their confidence in the company.
The disadvantage is that if profits decline in a particular year, the company may be forced to make a payout, which puts pressure on cash flow and may lead to a shortage of funds for growth projects.
2. Stable Dividend Policy
Under this policy, a company pays a roughly consistent dividend regardless of profit fluctuations. This gives investors the assurance that they will receive a stable return every year.
Example : Large IT companies like Infosys and TCS operate on this model. Whether profits fluctuate or increase, these companies typically pay a stable dividend to their shareholders.
Advantages and Disadvantages :
The advantage is that long-term investors receive a steady income and have confidence in the company’s financial position.
The disadvantage is that the company sometimes has to invest less in growth projects or research because it needs to maintain payouts.
3. Irregular Dividend Policy
This policy has no fixed dividend payment pattern. The company’s payout depends entirely on its profits. If the year is good, dividends will be paid; otherwise, the company can withhold payouts.
Example : Vedanta Ltd. in India can be used as an example. The earnings of companies in the metal and mining sectors are highly dependent on market prices, so dividends can sometimes be high, sometimes low, or even nonexistent.
Advantages and Disadvantages:
The advantage is that the company is free from pressure and can use the cash as needed.
The disadvantage is that investors lack stability and it becomes difficult to predict whether they will receive a dividend next time.
4. No Dividend Policy
Under this policy, the company reinvests all profits into business growth and new projects. Investors do not receive cash returns, but instead benefit from the company’s future value appreciation.
Example : Zomato in India is a perfect example. This company does not yet pay dividends and invests all profits in expansion, technology, and marketing to increase the company’s value over the long term.
Advantages and Disadvantages:
The advantage is that the company can grow rapidly, and shareholders can realize capital gains as its value increases in the future.
The disadvantage is that investors who require regular income are disappointed because they do not receive dividends.
5. Residual Dividend Policy
In this policy, the company first determines how much it needs to invest in its business. After spending on essential projects, research, or expansion, any remaining profits are distributed to shareholders in the form of dividends. Dividends are the “residual portion.”
Example : Larsen & Toubro (L&T) in India is a good example of this model. Being an infrastructure and project-based business, L&T declares dividends only after meeting its investment needs.
Advantages and Disadvantages:
The advantage is that the company can invest without compromising its growth projects.
The disadvantage is that dividends are not stable, which doesn’t guarantee investors regular income.
6. Hybrid (Compromise) Dividend Policy
In this policy, the company balances both approaches. This means it pays investors a minimum, stable dividend and, if the year is good, adds a bonus or additional dividend. This can be called a compromise or balanced approach.
Example : Reliance Industries is a perfect example. The company maintains a minimum payout and occasionally pays a special dividend in good years, providing investors with stability and bonus returns.
Advantages and Disadvantages:
The advantage is that investors receive stability, while the company also has the flexibility to offer additional rewards in good years.
The disadvantage is that this model can sometimes confuse investors about the company’s long-term strategy.
7. Special Dividend Policy
Under a special dividend policy, a company occasionally pays a lump sum or additional dividend in addition to its regular dividend. This typically occurs when the company has accumulated excess cash or receives cash inflow from a major transaction, asset sale, or government directive. It is not considered part of regular income but rather serves as a bonus for investors.
Example : Coal India and several other PSU companies in India periodically pay special dividends. Recently, due to the government’s divestment policy and high cash reserves, these companies paid substantial special dividends to their shareholders.
Advantages and Disadvantages
The advantage is that investors receive unexpected additional income, which further increases their confidence in the company.
The disadvantage is that it is not stable, so it cannot be relied upon for long periods of time.
Challenges in Implementing Dividend Policy
Different Perceptions of Investors and Management : Investors often expect a good dividend every year, while management often prefers to reinvest profits back into the business. Striking a balance between these two is difficult.
Profits and Market Uncertainty : A company’s profits are not consistent year after year. If earnings decline or the market fluctuates, maintaining a stable dividend becomes a significant challenge.
Pressure from Large Investors : Institutional investors, such as mutual funds or insurance companies, often demand higher payouts. Companies must strike a balance between their long-term strategy and their expectations.
Tax and Regulatory Rules : In India, starting in 2020, dividend taxes are directly borne by shareholders. This reduces their net income and reduces the attractiveness of dividends. Furthermore, regulatory restrictions apply to certain sectors.
Cash and Debt Situation : If a company has high debt or tight cash flow, it becomes difficult to pay dividends. In such circumstances, management must first focus on repaying debt and running the business.
Types of dividend policy in financial management
Companies adopt different dividend policies in financial management. Their purpose is not only to distribute profits, but also to reassure investors and balance business growth. Let’s understand the main types:
1. Stable Dividend Policy
This is the most popular method. In this, the company continues to pay a roughly equal dividend regardless of profit fluctuations. This assures investors that they will receive something every year.
2. Constant Dividend Policy
In this model, the payout is always linked to a percentage of profit. This means that if earnings increase, the dividend will also increase, and if earnings decrease, the payout will also decrease.
3. Residual Dividend Policy
Here, the company first spends on essential projects or expansion. Only the remaining amount is distributed to shareholders as dividends. This policy is mostly adopted with long-term growth in mind.
4. No Dividend Policy
Many growth-focused companies reinvest all profits back into the business and do not pay dividends. Their goal is to increase the company’s value in the future and benefit investors through rising share prices.
5. Hybrid Dividend Policy
This is a hybrid. The company pays a minimum dividend, but if the year is good, it can also declare a bonus dividend on top of that.
6. Irregular Dividend Policy
This policy has no fixed pattern. The payout depends entirely on profits and cash flow. Sometimes the payout is good, sometimes very low or even nonexistent.
How a company decides its dividend depends on several factors. First, its earnings and cash flow are crucial. If profits are consistent, it’s easier for shareholders to receive dividends. However, companies with fluctuating earnings tend to reinvest most of the money back into the business.
Another important factor is growth opportunities. Companies that have the opportunity to invest in new projects or technology tend to focus more on expansion by paying lower dividends. This is why startups and IT companies often have lower payouts.
Taxes and investor preferences also play a role. Some expect regular income, while others are more attracted to long-term value growth. Furthermore, if a company has significant debt, it may prioritize paying it down first.
Finally, each industry has its own trends. FMCG companies like ITC and HUL are known for stable dividends, while companies in the real estate or infrastructure sectors reinvest most of their profits.
Conclusion
A dividend policy isn’t just a way to distribute profits, it’s also an indicator of a company’s mindset and financial health. Whether a company chooses a stable or residual policy, each model works according to its investors and growth plans. A wise investor is one who understands a company’s dividend policy and aligns it with their financial goals. Ultimately, the right policy is one that strikes a balance for both the company and investors.
S.NO.
Check Out These Interesting Posts You Might Enjoy!
Investment in the stock market includes numerous costs ranging from brokerage charges to statutory taxes. But with the rise of discount brokers, this brokerage cost has been reduced significantly, as it helps various investors to participate in the capital market.
In today’s blog post, we will give you an overview of the top 10 discount broker, along with their key features.
What is a Discount Broker?
A discount broker is a brokerage firm that offers investors and traders to buy and sell different securities, such as shares, bonds, ETFs, etc, on the stock exchange. They charge comparatively lower fees than a full-service broker. Their primary focus is on providing execution only platforms.
Top 10 Discount Brokers in India
Pocketful
Zerodha
Groww
Angel One
Fyers
5Paisa
Shoonya by Finvasia
Upstox
m.Stock
Dhan
Overview of the Top 10 Best Discount Brokers in India
1. Pocketful
Pocketful is an emerging discount broking platform launched by brothers Sarvam and Rishabh Goel under Pace Stock Broking. Backed by more than three decades of industry expertise, it is quickly positioning itself as a growing player in the stockbroking space. The platform offers a wide range of services, including stock and commodity broking, along with zero delivery charges, free account opening, and no annual maintenance fees, making it highly attractive for cost-conscious investors.
Pocketful is a modern, low-cost stock trading platform which is helpful to both new and experienced traders. It doesn’t charge any fees to open an account, an AMC for Demat accounts, and offers free equity delivery trades, which makes it extremely affordable.
2. Zerodha
Zerodha, a major Indian brokerage firm, has made big changes to the country’s online stock trading and investing platform. Nithin and Nikhil Kamath started Zerodha in 2010. In 2019, it became India’s biggest retail stockbroker, with more active clients than any other company. Account maintenance fees, brokerage fees on trades (intraday, F&O), and other services are Zerodha’s primary sources of income.
Key Features:
Advance Trading Platform: Zerodha offers a robust trading platform for its traders that is equipped with advanced trading tools.
Low Brokerage: It offers flat fee and discounted brokerage which helps them grow their business rapidly.
Educational Content: There are various educational content offered by Zerodha to help beginners learn trading.
Why choose Zerodha?
Zerodha is the best broker for thousands of Indian investors because it has an economical brokerage model and cutting-edge technology. It is a great choice for both new and experienced traders.
3. Groww
Groww is an Indian fintech company that makes online stock, mutual fund, and other financial product investing easy and affordable. Groww is a significant player in the discount brokerage industry since it has developed into a full-fledged brokerage service. More experienced traders can benefit from Groww’s features, which include real-time market data, advanced charting with numerous technical indicators, and a portfolio analysis tool to monitor their allocation and performance.
Key Features:
Centralised Platform: Groww provides IPOs, ETFs, digital gold, US stocks, direct mutual funds, stocks, futures & options (F&O), and more from a single app.
Paperless Account Opening: Groww offers a digital onboarding process. One can easily open their account online.
Calculators: Groww offers numerous tools for financial calculation, including SIP, lump sum, etc., calculators.
Why choose Groww?
Groww trading platform is a great option for today’s investors because of its affordability, along with a simple application. It reduces the entry barrier, especially for new investors, with paperless account opening and no fees for opening a Demat and trading account.
4. Angel One
As a key player in the Indian discount broking industry, Angel One has transformed from a full-service broker to a tech-driven discount broker that provides a range of value-added services in addition to the benefits of a discount brokerage. The Angel One platform’s extensive range of products allows users to diversify their portfolios.
Key Features:
1. Advisory: A rule-based advisory tool is provided by Angel One, which provides research-based recommendations.
2. Advance Charts: It provides intra-day charts, historical data, and a variety of indicators for advanced charting.
3. Multiple Assets: Along with the equity, it also offers investment in mutual funds, commodities, etc.
Why choose Angel?
Angel One is a great option for both novice and experienced investors due to its attractive combination of affordability, scope, and smart advisory tools. Their advisor tool provides a customized investment recommendation based on the investor’s needs.
5. Fyers
Fyers is a discount brokerage that started in 2016. The name of the company means “Focus Your Energy and Reform the Self.” Fyers is an Indian discount stockbroker that is known for its strong platforms that focus on technology. Fyers has teamed up with TradingView, which is one of the most well-known charting platforms. This gives users access to advanced charting tools, technical indicators, and drawing tools right in the app.
Key Features:
Low Cost: The services offered by Fyers are very low compared to other full-time brokers.
Learning: It also offers learning for the investor through its “School of Stock” course on the stock market.
Why choose Fyers?
Traders and investors who want a tech-savvy, low-cost broker should definitely consider FYERS. The platform was made in-house and has a lot of features, like advanced charting tools (more than 100 indicators), the ability to change orders on a chart or by dragging and dropping them, and access to historical and intraday data.
6. 5Paisa
One of India’s first flat-fee brokers, 5paisa Capital Limited, was established in 2016, and its headquarters are located in Mumbai. It was supported by the IIFL (India Infoline Group) and offers a range of online financial services. In 2017, 5paisa went public on the BSE and NSE following its separation from its parent company, IIFL. As a complete investment platform, it has expanded over time to encompass mutual funds, insurance, digital gold, loans, and robo-advisory in addition to stock trading.
Key Features:
Low Brokerage: 5Paisa offers low and flat fee brokerage to its clients, along with other additional benefits.
Wide Range of Products: It offers a diverse range of products, including mutual funds, ETFs, and insurance.
Research: Along with the discount broking services, it also offers comprehensive research reports on various stocks and commodities.
Why choose 5Paisa
The platform is an all-inclusive platform for investments. It allows you to buy stocks, bonds, mutual funds, insurance, gold, US stocks, and more.
Portfolio analytics tools (like Portfolio Analyser), research support and a quick, paperless account opening process are also helpful for users.
7. Shoonya by Finvasia
Sarvjeet Singh Virk and Tajinder Virk started the Finvasia group in 2009. Shoonya is the group’s discount broking division. In 2016, the group started the first trading platform with no fees. The company offers users a lot of services for no cost, like trading, clearing fees, technology fees, and more.
Key Features:
Advance Trading Tools: Finvasia allows its investors to use advanced trading tools through their mobile application.
Mutual Funds: One can easily invest in mutual funds through Finvasia.
Zero Account Opening: There are no account opening charges for opening a demat account with Finvasia.
Why choose Finvasia?
Finvasia’s Shoonya platform stands out because it offers zero brokerage on equity delivery trades, while futures and options and currency trades are charged at ₹5 per trade or 0.03% of the trade value, whichever is lower, which makes trading much cheaper for investors. Shoonya is one of the few brokers that lets traders use algo-trading or APIs for free or with limited restrictions.
8. Upstox
Most people know Upstox as RKSV Securities India Private Limited. It is one of the best trading platforms in India. Ravi Kumar, Raghu Kumar, and Shrini Vishwanath started it in 2009. In 2016, the company changed its name to Upstox to better reflect modern technology. In 2019, CDSL rewarded the company to open 100,000 demat accounts in a month.
Key Features:
Advance Order: Through the mobile application provided by Upstox, one can execute an advance order, such as GTD, AMO, etc.
Integration of Tools: Upstox offers integration of an advanced trading API.
Transparency: They also provide a brokerage calculator tool, which helps in calculating the brokerage which one needs to pay while executing a trade.
Why choose Upstox?
Upstox is an excellent choice for both new and experienced investors because it has low prices, cutting-edge technology, and access to a wide range of securities. All of these things make Upstox a great choice for people who want a low-cost, tech-savvy, and flexible brokerage without giving up tools or options.
9. m.Stock
m.Stock is a part of Mirae Asset Capital Market, which allows you to buy and sell stocks at a lower price. This platform was launched in 2022. Mirae Asset Capital Market is a division of the South Korean financial firm Mirae Asset Financial Group. It has a wide range of products, including stocks, futures, options, ETFs, and more.
Key Features:
Margin Trading: m.Stock allows its consumers to use a margin trading facility, through which they can fund their investment.
Comprehensive Product: m.Stock offers their investment a comprehensive range of investment products.
Advance Trading Platform: They offer an advanced trading platform which offers voice-based search.
Why choose m.Stock
For investors who want to keep trading costs minimal without giving up advanced features, Mirae Asset’s m.Stock is a good choice. Traders have a better trading experience when they use platforms that have advanced charting, option chain analysis, basket orders, voice search, and real-time market data.
10. Dhan
Dhan is a discount broking platform that uses technology and was started in 2021. The company gives traders a margin. The company also has many advanced trading tools available. Through its app, you can also invest directly in a mutual fund. Dhan does not charge any fees to open a demat account.
Key Features:
Zero Brokerage on Delivery: No charges on equity delivery trades.
Low-Cost Intraday & MTF: Just ₹20 or 0.03% per order (whichever is lower) for intraday and MTF trades.
Advanced Trading Tools: Access TradingView & ChartIQ charts, option chain analysis, basket orders, and scanners for smarter trading.
Why Choose Dhan?
Dhan combines zero-cost delivery investing with flat, low brokerage for intraday and margin trades. Along with powerful features like real-time charts, option analytics, and algo-trading via webhooks, it offers a seamless platform suited for both long-term investors and active traders.
Advantages of a Discount Broker
The key advantages of a discount broker are as follows:
Economical: The low cost is the most important benefit. The majority of discount brokers don’t charge a fee for equity delivery trades and instead charge a flat fee.
Advance Trading Application: Discount brokers offer platforms like mobile apps and web terminals, which are fast, reliable, and come with advanced charting tools and real-time data.
Multiple Assets: The discount broking firm offers an application through which one can invest in multiple asset classes, such as commodities, etc.
Limitations of Discount Broking
The key disadvantages of a discount broker are as follows:
No Recommendations: Discount brokers generally do not give advice or recommendations on any stock. They tend to offer only a trading platform.
No Offline Support: Discount brokers do not have any local presence, hence are not able to provide offline support.
Lack of Wealth Management: They do not offer services like wealth management, tax planning, etc.
The following types of traders can opt for a discount broker:
Economical Investor: Discount brokers are great for those who want to save money on brokerage fees and don’t need high-end advisory services.
Tech-Savvy Investor: Investors who are comfortable using mobile apps, web platforms, and advanced charting tools can benefit from using discount broking services.
DIY Investor: Investors who do not need any advisor services can consider opening a demat account with a discount broker.
Conclusion
On a concluding note, picking the right discount broker can make a big difference in your trading journey, especially when it comes to saving money and getting access to technology-driven platforms. Each broker has its own strengths, such as lifetime zero brokerage, powerful margin facilities, or cutting-edge trading platforms. However, some discount brokers do not offer advisory and research reports. Hence, before choosing a suitable broker, one should consult their investment advisor.
S.NO.
Check Out These Interesting Posts You Might Enjoy!
Intraday trading requires decisions to be made in minutes and seconds. That’s why having a platform like the best charting software India that displays data instantly is essential. When market movements are fast, a lack of real-time data, unclear charts, and a slow refresh rate can cause significant losses. Monitoring technical indicators, changing price patterns, and live volume changes can help you make the right entry and exit decisions. In this blog, we’ll explore the charting software and trading software in India that are reliable, quick, and feature-rich for intraday traders.
What is Charting Software?
Charting software is a specialized trading tool that presents price and volume data for a financial instrument (like a stock, index, commodity, or currency) in graphical form.
Its purpose is to help traders understand the full price movement rather than simply looking at numbers. It offers different chart types (eg. candlestick, line, and bar charts) and dozens of technical indicators (eg. moving averages, RSI, and MACD) that help identify market direction, trends, and potential reversals.
Role in Intraday Trading
Time is crucial in intraday trading. Charting software addresses this need by providing traders with features such as real-time data, alerts, and multi-timeframe analysis. With the right charting tools, traders can make their entry and exit decisions data-driven and better manage risk.
Difference between Charting Software and Trading Platform
Charting Software: Focuses primarily on analysis and visualization.
Trading Platform: Includes features such s order execution, brokerage, portfolio management, and settlement.
Nowadays, Indian brokers like Pocketful and Upstox also offer advanced charting tools within their trading platforms.
Best Charting Software in India for Intraday Trading
Software
Real-time ticks
Order from the chart
Best for
TradingView
Yes live/real-time (depending on plan)
Yes through supported brokers
For charting, alerts, and community-scripts
Pocketful
Yes Depends on broker’s feed
Yes in-app trading support
For India-focused analytics + execution
GoCharting
Yes tick/order-flow support
Yes Advanced Order Types
Suitable for order-flow and tick-traders
InvestarIndia
Yes NSE/BSE support
Mainly analysis
For India-focused screening and desktop users
AmiBroker
Yes Powerful with real-time analytics
Depends on third-party API/broker setup
For algo developers and in-depth backtesting
Chartink
Near-real-time scans for Premium version
Focus scanner/alerts
For faster scans and custom screeners
Investing.com
Basic Live; delay on some instruments
No data/chart focus
For global charts, news and economic calendar
Zerodha (Kite)
Yes NSE /BSE Live Feed
Yes Trade-from-Chart (ChartIQ/TV)
Broking + fast execution
Upstox Pro
Yes TBT / Tick-by-Tick support
Yes – trading from charts
Broker – for charting and execution
Dhan
Yes TBT / Tick-by-Tick support
Yes – trading from charts
Broker – for charting and execution
1. TradingView
TradingView is the most popular charting platform among traders worldwide. It offers a fast web interface,works on web, desktop and mobile, and a large library of tools shared by traders. Pine Script makes it easy to write custom indicators and strategies. The platform also offers strategy tester (bar replay) and brokerage integration making it useful not only for charting but also for idea testing.
Key Features
High-resolution live charts and multiple market data feeds.
Pine Script: A language for writing custom indicators and strategies.
Strategy Tester & Bar Replay: Backtesting possible by replaying historical moves.
User-friendly UI and cross-device sync the same experience across web, desktop, and mobile.
Large public script/indicator library (community).
Bar replay and strategy tester allow for real-time backtesting.
Cons
Actual NSE depth and some real-time feeds may require a paid subscription.
More advanced automation (continuous live ordering) requires brokerage APIs/third-party tools.
2. Pocketful
Pocketful is an India-focused trading and investment platform that operates on both web and mobile. It offers multi-asset (equity, F&O, commodities, ETFs, gold, etc.) access and brokerage-related features, including a SEBI-compliant broking service. The platform’s web tools, in-app trading and AI insight services are available on the website. This means you can place trades simply by viewing charts on the site/web-trading interface, making it a modern, India-centric option for junior and mid-level traders.
Key features
India-focused data and brokerage integration (in-app trading).
AI assistant: portfolio insights and natural language support.
Quick order placement and basic analytics via the mobile app.
Pros
Easy mobile and web UX for new and mid-level traders in India.
In-app execution + AI-assisted idea generation and order placement experience simultaneously.
The offer/pricing model is often brokerage-connected, making it cost-effective (client-model).
Cons
Being a new platform, large-scale trust reviews and independent third-party benchmarks are limited.
3. GoCharting
GoCharting is an India-based advanced charting and trading platform designed specifically for order flow and market depth analysis. It’s been gaining popularity since 2019 because it offers pro-level features like tick-by-tick data, orderbook visualization, and footprint charts. Its web-based interface means you don’t need to install any software, just log in from your browser and use it.
Key features
Advanced charts ranging from candlesticks to footprint and orderflow.
Live DOM and orderbook visualization.
Multi-timeframe charts and paper trading/replay options.
Direct trading integration with select brokers.
Pros
The first web-based orderflow platform in India.
No installation required, runs directly from the browser.
In-depth and orderflow tools are very useful for advanced traders.
Cons
The interface may seem complicated to new traders.
Free version limited; full features require a paid plan.
Broker integration currently limited to selected partners.
4. InvestarIndia
InvestarIndia is an India-focused charting and analysis software designed specifically for equity and F&O traders. Available on both desktop and mobile, it offers features like real-time NSE/BSE data, a built-in scanner, and backtesting. Its interface is easy to use for beginners and mid-level users.
Key Features
Indicator support for chart types like candlestick, bar, and line.
Live price and volume data for NSE/BSE.
Both mobile app and desktop versions are available.
Pros
India-centric local data and market tools are well integrated.
Simple and easy-to-use UI for beginners.
Screener and backtesting available in one place.
Cons
Lack of advanced custom scripting (like Pine/AFL).
Limited features without a paid subscription.
Not as flexible for professional algo traders.
5. AmiBroker
AmiBroker is considered one of the fastest and most powerful desktop-based charting and backtesting software in the world. It is used by most professionals and algo traders in India because it offers complete functionality for creating custom indicators, strategies, and automation using AFL (AmiBroker Formula Language). Its biggest strengths are speed and the ability to backtest in-depth.
Key Features
High-performance chart engine and customizable layouts.
AFL scripting language allows for writing custom indicators and strategies.
Ultra-fast backtesting and optimization (tick-by-tick data support).
Direct trading execution via Broker/API integration (at some brokers).
Pros
Industry-leading backtesting and optimization speed.
Excellent for algo trading and strategy development.
Full control and customization due to desktop software.
Cons
The learning curve is steep and not easy for beginners.
Real-time market data requires the purchase of a separate data feed.
Works only on desktops; no web/mobile versions are available.
6. Chartink
Chartink is one of the most popular stock screeners and charting tools in India. It is used by most traders to find intraday and swing setups. It features ready-made and custom screeners that allow you to instantly filter stocks based on price action, volume, indicators, and candlestick patterns.
Key Features
Powerful stock screener with hundreds of predefined filters.
Ability to create custom screener rules (such as RSI > 70 and Volume Breakout).
Basic charting options candles, indicators, and multiple timeframes.
Near-real-time data and auto-refresh scans in the Premium plan.
Watchlist and alerts system.
Pros
India-focused powerful screener, especially for intraday and swing traders.
Easy-to-use interface and no installation required.
Easy to test your own strategies by creating custom queries.
Cons
Advanced charting (such as bar replay, deep backtesting) is not available.
The free version has a data refresh delay; real-time is available only to premium users.
Direct trade execution is not an option.
7. Investing.com
Investing.com is a global market data and charting platform that covers stocks, indices, commodities, forex, and crypto, not just in India but globally. Available on both web and mobile, it offers free-of-cost charts, news, and an economic calendar for traders. While it lacks execution brokerage integration, it’s quite useful for analysis and global coverage.
Key Features
Free interactive charts (candlestick, bar, line, etc.).
Multiple technical indicators and drawing tools.
Global coverage: Equities, Indices, Forex, Commodities, and Crypto.
Economic calendar, market news, and fundamental data.
Portfolio tracking and watchlist creation.
Pros
Global and India coverage available in one place.
Free charts and indicators are a good choice for beginners and casual traders.
Economic calendar and news integration further strengthen analysis.
Cons
Real-time NSE/BSE data may be delayed.
Direct order execution is not available.
Features like advanced backtesting or custom scripting are not available.
8. Zerodha (Kite)
Zerodha is an Indian discount broker, and its trading platform, Kite, is one of the most widely used charting tools in the country. Kite is available on both web and mobile and features integration with ChartIQ and TradingView. This gives you access to advanced charting, real-time data, and the ability to place orders directly from charts, all in one place.
Key Features
ChartIQ and TradingView integration both available.
Option to save charts (with cloud sync).
Indicators and multiple drawing tools.
Direct trade-from-chart feature (bracket and cover orders).
Watchlists and cross-platform sync (web + mobile).
Pros
Free charting for Zerodha clients with no extra charges.
Execution and analysis are easy from one place.
The interface is clean and responsive, suitable for both beginners and pros.
Cons
Custom scripting (such as Pine or AFL) is not directly available on Kite.
Advanced backtesting is not available; external tools may be required.
Limited to Zerodha clients, external users cannot use it.
9. Upstox Pro
Upstox is a leading discount broker in India, and its trading platform, Upstox Pro, is available on both web and mobile. It integrates with TradingView and ChartIQ, providing users with a smooth charting experience and real-time data access. Its fast execution, low brokerage, and user-friendly interface make it popular among intraday traders.
Key Features
TradingView and ChartIQ integration high-quality charting.
Indicators and multiple chart types (candlestick, bar, Heikin Ashi, etc.).
Direct trade-from-chart feature market, limit, cover, and bracket orders.
Tick-by-tick (TBT) data support for accuracy.
Multiple watchlists and cross-device sync (mobile + web).
Pros
Powerful charting tools available free with a broker account.
Fast order execution and a seamless mobile experience.
Easy platform for both beginners and active intraday traders.
Cons
Custom scripting and deep backtesting are not supported.
Some advanced chart layouts are only available with paid plans or in limited form.
10. Dhan
Dhan is a new but rapidly growing discount broker, particularly known for its modern trading platform and advanced charting tools. Dhan has offered direct integration with TradingView and ChartIQ since its inception, and its most distinctive feature is its seamless “Trade-From-Chart” experience. It’s accessible across web, mobile, and desktop platforms, and execution is lightning fast.
Why Intraday Traders Need the Best Charting Software in India
The biggest challenge in intraday trading is making quick and accurate decisions. Market movements change so rapidly that without good charting tools, you can’t accurately capture entry and exit. This is why every trader needs reliable charting software in India.
Real-time data: Even a few seconds’ delay in intraday trading can turn profits into losses. Good charting software instantly updates price and volume, improving timing.
Understanding trends and patterns: Market breakouts or support-resistance levels are only detectable when charts are clear and indicators are reliable. This is the edge quality software provides.
Placing orders directly from the chart: Platforms like Pocketful allow you to place orders directly from the chart. This ensures fast execution and prevents missed opportunities.
Alerts and notifications: It’s not always possible to be glued to your screen. Custom alerts and mobile notifications help you keep track of every movement.
Risk Control: Features like backtesting and stop-loss make your trades safer and allow you to learn from mistakes.
Key Features to Look for in the Best Trading Software in India
Real-Time Data and Accuracy : Seconds matter intraday. A good charting tool should display price and volume immediately, delays can lead to missed opportunities. Therefore, live, accurate data is essential.
Technical Indicators and Drawing Tools : Simply looking at lines on a chart isn’t enough. Indicators like Moving Averages, RSI, MACD, and drawing tools like trendlines and Fibonacci should be present to clearly see trends and reversals.
Multi-Timeframe Analysis : It’s important to view the same stock in both 1-minute and 15-minute timeframes; the shorter timeframe indicates entry, the longer timeframe indicates direction. Good software should display both to ensure balanced decisions.
Customizable Templates and Layouts : Every trader has different habits, some maintain three charts simultaneously, others vary indicators. Maintaining a custom watchlist and saved layouts saves work.
Brokerage Integration and Fast Order Execution : Having the option to place orders by viewing the chart reduces latency platforms like Zerodha Kite and Fyers offer this advantage. The faster the execution, the better.
Mobile and Web Accessibility : It’s not always possible to stay on screen. Therefore, you need a smooth experience on both mobile and browser, so you can track the market from anywhere.
Alerts and Notifications : You can’t stay on screen all the time. It’s important to receive price-level alerts so you don’t miss any moves.
Pricing and Affordability : Everyone’s budget is different. Start with a basic free tool, and upgrade to a Pro or paid plan when you see the benefits look at ROI, not just features.
Charts act as your eyes in intraday trading. Good charting software provides clear data, accurate indicators, and fast updates. Every trader’s needs are different, so the best tool is the one that suits your style and comfort. The right software makes decisions easier and trading more disciplined.
S.NO.
Check Out These Interesting Posts You Might Enjoy!
Not all investors are patient enough to hold on to stocks for years. For those who prefer quick decisions and instant results, intraday trading offers an exciting alternative. You can think of it as a day trip in the market: you get in, ride the highs and lows, and then get out before the day is over. If you do it right, it can be fun, rewarding, and full of opportunities. But it is not enough to just be fast; you will also need to be focused, disciplined, and have a plan.
In this blog, we’ll focus on the key benefits of intraday trading and why it appeals to many active traders.
What is Intraday Trading
Intraday trading refers to the practice of buying and selling financial instruments such as stocks, derivatives or ETFs within the same trading day, ensuring that all open positions are squared off before the market closes. The idea is simple: you initiate the trade in the morning (or any time during market hours) and close it before the market closes.
You identify a stock likely to rise, buy it, and sell it the same day to profit from short-term price movements. The profit (or loss) is only from that day’s movement. Intraday trading is all about taking advantage of short-term price changes.
Important Benefits of Intraday Trading
Some of the benefits of intraday trading are given below:
1. Fast Profits
Profits (or losses) are booked within hours or even minutes in intraday trading, meaning there is no need to wait months or years. Gains can be locked in the same day if you execute the right move.
2. No Overnight Stress
You stay away from the impact of unexpected overnight news, world events, or market gaps that could harm your trading positions while you sleep because everything will be settled before the market closes.
3. Additional Buying Power
For intraday trades, brokers frequently offer margins, allowing you to take on larger positions than your actual cash. However, it can increase both profits and losses.
4. Simple Entry and Exit
Buying and selling is easy for intraday traders because they usually only trade highly liquid stocks.
5. Capitalising on Changes in the Market
Throughout the day, markets fluctuate a lot, sometimes due to sentiment, company earnings, or any other news. You can profit quickly by riding those swings with intraday trading.
Intraday trading is not for everyone because it requires fast decision making and is a little risky. It works best for people who:
Have time during market hours – You need to keep an eye on prices movements all day, not just once in a while.
People who stay disciplined – The best intraday traders stick to their plan, use stop-losses, and do not allow their feelings to affect their trading decisions.
Have Technical Expertise- If you enjoy studying charts, trends, and patterns, intraday trading offers plenty of opportunities to apply your technical analysis skills.
Risks Involved of Intraday Trading
1. Prices that fluctuate a lot
Stocks can go up or down in value in just a few minutes. This movement that makes intraday trading tempting can also make you lose money quickly.
2. Leverage means greater risk.
It sounds great to trade with borrowed money when things are going well, but if the market goes against you, your losses get bigger too.
3. Stress and Pressure
Intraday is unpredictable, and making decisions all the time can be stressful. Traders often make mistakes because of feelings like greed, fear, or panic.
4. Consistent Attention Needed
You cannot leave your screen. You could lose money if you miss a price change, even for a short time.
5. No Guaranteed Outcomes
Even if you do research, look at charts, and make plans, the market can still surprise you. News or other unexpected events can turn a winning trade into a losing one.
6. Hidden Costs
More trades mean more taxes and fees for the broker. These small fees can slowly eat your profits if you are not careful.
Conclusion
Intraday trading is the fast lane of the stock market, with lots of action, quick profits, and just as many risks. It is rewarding, but you have to make quick decisions and stay relaxed when prices change. If you like a challenge and can stick to your trading strategy, then intraday trading might be for you. Ultimately, it comes down to understanding your preferences, leveraging your strengths, and making well-planned trading decisions. It is advised to consult a financial advisor before trading.
S.NO.
Check Out These Interesting Posts You Might Enjoy!
Yes, but it can be risky. It is advised to consult a financial advisor and start with a small amount.
How much money do I need to start?
There is no fixed amount for intraday trading. You can begin with any amount, but it is important to trade only with money you can afford to lose.
What time is best for intraday trading?
The first and last hours of the market are usually the most active.
What tools do intraday traders use?
Intraday traders use various tools such as real-time charts, technical indicators, stock screeners, market news feeds, and trading platforms to analyze price movements and make quick decisions.
How much profit can I expect from intraday trading?
There is no fixed profit in intraday trading. Returns depend on market conditions, your strategy, and discipline. While gains can be quick, losses can be equally fast.
The number of people investing in mutual funds in India is growing rapidly. By June 2025, the country’s total Assets Under Management (AUM) had reached approximately ₹74.41 lakh crore, reflecting the increasing confidence of investors. However, many people still choose funds based solely on returns. The truly smart approach is to compare each fund based on its performance, risk, and expenses. In this blog, we will learn how to properly compare mutual funds to make your investments better and safer.
Step 1–Define Your Investment Objective and Time Horizon
Choosing a mutual fund starts here. Often, we jump straight to “Which fund is performing well?”, but the real question is what are your investment goals and what is your investment horizon?
The right fund for you depends on these two factors:
Short-term goals (1 to 3 years) : If you are preparing for a major expense in the next few years such as a wedding, a trip, or building an emergency fund then Debt or Liquid Funds are generally better. These funds are not significantly affected by market fluctuations and provide stable returns.
Medium-term goals (3 to 5 years) : For investors who want to invest for 3-5 years, Hybrid or Balanced Advantage Funds are considered good options. They contain both equity and debt, which helps control risk while providing decent returns.
Long-term goals (5 years or more) : If your objective is long-term such as retirement planning, children’s education, or wealth creation then Equity Funds, Index Funds, or Flexi Cap Funds are good choices.
Step 2 – Compare Funds Within the Same Category
Whenever you compare mutual funds, the first thing to check is the category to which the fund belongs. Every fund has its own investment strategy: some invest in the stock market, some in bonds, and some in a mix of both. If you compare them all together, the results can be misleading.
Understanding SEBI’s Fund Categories
SEBI has categorized mutual funds into several main categories for the convenience of investors:
Equity Funds: These invest in the shares of companies and aim for long-term growth.
Debt Funds: These invest in government bonds, corporate debentures, and fixed-income securities.
Hybrid Funds: These invest in both equity and debt to try and provide balanced returns.
Solution-Oriented or Index Funds: These track a specific goal (such as retirement or child education) or an index (such as the Nifty 50).
Other Schemes: This category includes funds that don’t fit into the main equity, debt, or hybrid categories, often offering unique investment opportunities. Examples: Index Funds/ETFs, Fund of Funds (FoFs).
Commodity Funds:These funds invest in commodities like gold, silver, or other natural resources, often through ETFs. They provide a hedge against inflation and diversification beyond traditional asset classes. Examples:Gold ETF, Silver ETF, Multi-Commodity Fund.
International or Overseas Funds: These invest in foreign markets, giving Indian investors access to global companies and economies. They can be a good diversification tool but carry currency and geopolitical risks. Examples: Global Equity Fund, US-focused Fund, Emerging Market Fund.
There are also several types within Equity Funds
Equity funds are further categorized based on their size and strategy
Large Cap Funds: These invest in large companies like Reliance, HDFC Bank, Infosys, etc.
Mid Cap Funds: These invest in medium-sized companies, where the potential for growth is higher.
Small Cap Funds: These invest in small companies that can offer high returns, but also carry higher risk.
Sectoral/Thematic Funds: These focus on a single sector such as FMCG, Pharma, or IT.
The Right Way to Compare :
When you compare a fund, always compare it with funds from the same category.
For example, Axis Bluechip Fund can be compared with ICICI Prudential Bluechip Fund because both fall under the Large Cap category. But comparing Axis Bluechip Fund with HDFC Small Cap Fund would be an incorrect comparison because both have different investment strategies and risk levels.
Why is this step important ?
Each category has a different objective and risk profile.The objective of Equity Funds is to grow capital over the long term, while the goal of Debt Funds is to provide stable and secure returns. Comparing the two makes no sense. Therefore, always follow the rule of “compare within the same category.” This will allow you to accurately understand the fund’s true performance, stability, and value.
When comparing mutual funds, most investors initially look at returns, but making a decision based on last year’s performance isn’t the right approach. True wisdom lies in understanding a fund’s ability to perform consistently, not just its performance at a single point in time.
Focus on 3, 5, and 10-Year Returns : The true picture of any fund emerges when you look at its average returns (CAGR) over different periods such as 3 years, 5 years, and 10 years. This shows you how the fund has performed over the long term and whether it has maintained stability through market fluctuations.
Consider Rolling Returns : Point-to-point returns can sometimes be misleading, as they only show results based on a fixed date. Instead, look at rolling returns—these indicate how a fund has performed on average over various time periods. This metric is more reliable because it includes both good and bad market cycles.
Don’t Fall for the Short-Term Performance Trap : Sometimes a fund may deliver very good returns in one or two years, but its long-term performance is weak. Investing in such funds can be risky.
Step 4 – Evaluate Risk Metrics
When choosing a mutual fund, it’s just as important to consider its risk level along with its returns. A fund’s performance only truly matters if it’s consistent and balanced. Below are some important parameters that indicate the fund’s actual performance:
Standard Deviation : This indicates how volatile the fund’s returns are. A lower standard deviation means the fund is more stable.
Sharpe Ratio : This measures how much return the fund has generated relative to the risk taken. The higher the ratio, the better.
Beta : This shows how much the fund’s returns fluctuate with market movements. If the Beta is greater than 1, the fund is more volatile than the market, and if it’s less than 1, it’s less volatile.
Alpha : This indicates how much better or worse the fund has performed compared to its benchmark. Funds with a positive Alpha are considered better.
Expense Ratio : This is the small annual fee that the fund charges for managing your money. In equity funds, it’s typically around 0.5 to 2%, and lower in debt funds. The lower the expense ratio, the higher your net return will be.
Direct vs. Regular Plan : In a Direct Plan, you invest directly, so there is no commission and the expenses are lower. In a Regular Plan, investing through an agent adds a commission, which slightly reduces your return.
Exit Load : If you withdraw money from the fund before the stipulated time, you have to pay a fee of approximately 0.5%-1%. This is to discourage short-term withdrawals from the fund.
Step 6 – Check Portfolio Holdings and Diversification
Before investing in any fund, it’s crucial to see which companies and sectors it’s investing in. If a fund is heavily reliant on just one sector, the risk increases.
A good fund always diversifies its investments across different sectors such as banking, IT, FMCG, and pharmaceuticals. This is called diversification. In this way, the fund remains stable even if one sector declines, and the returns are more reliable.
Step 7 – Fund Manager’s Experience and Strategy
The performance of every fund depends on who is managing it. Therefore, it’s crucial to examine the fund manager’s experience and track record. A good manager makes the right decisions at the right time and knows how to manage the portfolio in changing market conditions. If a manager has consistently delivered good results over a long period, they are considered trustworthy.
AUM, or Assets Under Management, indicates the total amount of money invested in a fund. A large AUM generally suggests strong investor confidence and easier liquidity within the fund.
However, a very large AUM isn’t always advantageous. Especially in mid-cap and small-cap funds, a large AUM can make it difficult for the fund manager to invest effectively in smaller companies.
Step 9 – Benchmark and Peer Comparison
To understand a fund’s performance, it’s essential to compare it to its benchmark and other funds in the same category (peers). If a fund consistently delivers better returns than its benchmark, such as the Nifty 50 or Sensex, it indicates a strong strategy.
Peer comparison is equally important. By comparing your fund to other funds in the same category, you can understand how well your fund is truly performing.
Step 10 – Qualitative Factors & AMC Reputation
When choosing a mutual fund, you should consider not only the returns but also the reputation of the Asset Management Company (AMC) that manages the fund. A trustworthy AMC always acts in the best interests of investors and maintains consistency in its investment strategy. Companies with strong governance, transparent reporting, and a clear investment philosophy are the ones that consistently deliver good performance over the long term.
Choosing a mutual fund isn’t a race to see who’s offering the highest returns. The real question is which fund best suits your goals and risk tolerance. When you carefully understand and compare funds looking at their costs, performance, and stability the decision becomes much clearer. A proper comparison is key to making safe and smart investment choices.
S.NO.
Check Out These Interesting Posts You Might Enjoy!
The Indian Energy Sector is undergoing a rapid transformation and is shifting towards digitalization. The companies engaged in the manufacturing of Smart Meters play a key role in making the Indian Energy Sector innovative.
In today’s blog post, we will give you an overview of the top Smart Meter Stocks, along with the key benefits of investing in them.
What are Smart Meter Stocks?
Smart meter stocks are the shares of companies that are primarily engaged in the manufacturing and supply of smart meters, which are used to electronically monitor the consumption of electricity by a consumer on a real-time basis.
The overview of the top smart Meter stocks in India is as follows:
1. Genus Power Infrastructure Limited
Genus Power Infrastructure Limited was initially incorporated in 1992 and was initially known as Genus Overseas Electronics Limited. Genus Power Infrastructures Limited, which initially began as Genus Overseas Electronics Limited in 1992, is now one of the top companies in India for power meters and infrastructure. The company has transformed over time from making simple thick-film microcircuits and electronic meters to offering a wide range of solutions, including smart meters. It changed its name to Genus Power Infrastructures Limited in March 2007. Its headquarters are situated in Noida.
2. HPL Electric and Power Limited
The company was incorporated in 1992 and was initially known as HPL Socomec Private Limited. In 2015-16, the company converted itself into a public limited company and launched its IPO. The company has various manufacturing units in Himachal Pradesh, Haryana, etc. It offers metering solutions, switchgear, LED lights, and more. HPL Electric also exports its products to more than 40 countries. It has its headquarters in New Delhi.
3. Adani Energy Solutions Limited
The company was incorporated in 2013 and was initially named Adani Transmission Limited. Later in July 2023, the company changed its name to Adani Energy Solutions Limited. The company is primarily engaged in power generation, distribution and providing smart metering solutions. It provides end-to-end energy solutions. The company’s headquarters is situated in Ahmedabad.
4. GMR Power and Urban Infra Limited
GMR Power and Urban Infra Limited (GPUIL) is one of the biggest infrastructure companies in India. It primarily focuses on developing, operating, and maintaining power generation projects and urban infrastructure. The GMR Group, founded by Grandhi Mallikarjuna Rao in 1978, is a major player in the energy, airport, transportation, and urban infrastructure sectors. As part of a corporate restructuring in 2021, GMR Infrastructure Limited was demerged into two companies. The company’s headquarters is situated in New Delhi.
5. Tata Power Company Limited
Tata Power Company Limited company was established in 1919 and was initially known as the Tata Hydroelectric Power Supply Company. It was the first company in India to generate hydroelectric power when it opened its first plant in Khopoli, Maharashtra. The company operates in several different areas, such as traditional and renewable energy, and serves millions of customers across the country. The company’s headquarters is situated in Mumbai.
6. Power Grid Corporation Limited
The company was established in 1989 and was initially named National Power Transmission Corporation Limited. Later in 1992, it changed its name to Power Grid Corporation Limited. The company is very important for making sure that India has a secure and effective power supply by establishing and keeping up a strong national grid network. The company has its headquarters in Gurugram, Haryana, and works under the Ministry of Power of the Government of India.
7. Shivalik Bimetal Controls Limited
The company was founded on June 18, 1984, and started producing products for sale in October 1986. It was the first company outside of Japan to build a plant in Asia to make advanced Thermostatic Bimetal Strips. Shivalik Bimetal Controls Limited is a company that specialises in process and product engineering. It makes important parts that are used in many sectors, such as electrical, electronics, automotive (including electric vehicles), and smart metering. The headquarters of the company is in New Delhi, India, and its primary manufacturing plant is in Solan, Himachal Pradesh.
8. RMC Switchgears Limited
The company was founded on August 23, 1994, in Rajasthan, India, and was initially named “RFH Metal Castings Private Limited.” It started its operations in 1995 by producing meter boxes for Original Equipment Manufacturers (OEMs). After becoming a public limited company and changing its name several times, it finally adopted the name RMC Switchgears Limited in 2016. Since then, it has added turnkey Engineering, Procurement, and Construction (EPC) contracts for power transmission projects to its list of products and services. The company’s headquarters is in Jaipur.
9. Permanent Magnets Limited
The company was founded in 1960 and was one of the first in India to make magnets. It has grown with technology to serve both the Indian and international markets. PML has added soft magnetic parts, current transformers, and high-performance magnetic solutions for modern uses to its product line over the years. Permanent Magnets Limited is based in Mumbai, Maharashtra, India, and is becoming a more important player in the fields of magnetic materials and precision engineering.
10. Schneider Electric Infrastructure Limited
Schneider Electric Infrastructure Limited company was established in 2011 when Areva T&D India Limited separated off its distribution business. After that, it joined the global Schneider Electric Group, a French multinational which specialises in energy management and automation. Schneider Electric Infrastructure’s primary objective is to provide smart grid solutions, medium-voltage switchgear, transformers, and substation automation systems that help with the efficient and long-lasting distribution of energy. The headquarters is in Gurugram, Haryana, India.
The key benefits of investing in Smart Meter Stocks are as follows:
Growth: The Government is spending heavily on improving the distribution of electricity to rural areas, which can increase the demand for Smart Meter Companies.
Digitalisation of Energy Sector: Smart Meter is at the core of the digital revolution in the power sector, giving investors access to the newest energy technologies.
Infrastructure: Smart Meter companies have more business opportunities as more people want smart grids and real-time data monitoring.
Factors to Consider Before Investing in Smart Meter Stocks
There are various factors which one should consider before investing in Smart Meter Stocks, a few of which are as follows:
Companies’ Financials: One must check the company’s financial report, including its profit margins, etc.
Competition: Knowing the competitive advantage of both established and new companies in the industry helps in identifying possible leaders.
Raw Material Cost: Any increase in production cost due to an increase in prices of raw material and disruption in the supply chain can negatively impact the company’s profitability.
Future of Smart Meter Stocks
The future of Smart Meter Companies is very promising as the country is shifting towards an energy-efficient power system. Smart Meters allow remote and real-time monitoring of data. Over the years, it has increased the transparency in the consumption of electricity. And according to the National Smart Meter Programme, the government is planning to install more than 25 crores of Smart Meters across the country.
On a concluding note, investment in stocks of companies engaged in the manufacturing of Smart Meters provides an opportunity to participate in the revolution of energy’s digital transformation. The companies having a strong order book will have a consistent source of revenue over a period of time. However, investment in Smart Meter manufacturing companies also carries a few risks; therefore, one should check the company’s fundamentals before making any investment decision. Also, it is advisable to consult your investment advisor before making any investment.
S.NO.
Check Out These Interesting Posts You Might Enjoy!
The names of a few Smart Metering Stocks are Power Grid Corporation Limited, Adani Energy Solutions Limited, GMR Power and Urban Infra Limited, Tata Power Company Limited, etc.
Are Smart Metering stocks a safer investment option?
Yes, Smart Metering stocks are a safer investment option as this sector has strong growth potential in the long run. Along with this, it will benefit from the government contracts, and with the rise of demand for increased efficiency in the energy sector, Smart Metering Stocks can be considered as a safer investment option.
What are the risks involved while investing in Smart Metering Stocks?
As the performance of this sector primarily depends on the government policies hence any change in government policies could negatively impact the performance of this sector. Also, dependency on electronic components supply is a key factor to consider before investing in Smart Metering Stocks.
What are Smart Meters?
It is an electronic device which records the consumption of electricity on a real-time basis and allows remote monitoring of consumer consumption of electricity.
Open Free Demat Account
Join Pocketful Now
You have successfully subscribed to the newsletter
There was an error while trying to send your request. Please try again.
