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Showing posts from March, 2023

Review of Tyke Invest App

If you are looking for a platform to invest in high return opportunities in Indian startups, you might have come across Tyke Invest App. Tyke is a mobile app that allows you to subscribe to curated deals in startup equity and fixed income instruments with as little as ₹5,000. But is it worth it? Here is my honest review of Tyke Invest App based on my personal experience and research. Pros: - Tyke offers a variety of investment options to suit your short-term and long-term goals and risk profile. You can choose from equity linked instruments that give you exposure to growing businesses or fixed income instruments that provide regular payouts with high yields. - Tyke has a simple and quick online process for subscribing to opportunities. You just need to sign up with your email ID, complete your KYC and bank details, and select your preferred deals. You can also track your portfolio and update your personal details on the app. - Tyke has a thriving community of entrepreneurs and investor...

Review of Deciml App

Deciml App is a new investment app that aims to make investing easy and fun for young Indians. The app allows users to invest their spare change from online transactions, such as cab rides, food orders, or subscriptions, into various investment options. The app also offers daily deposits, where users can invest a fixed amount every day, regardless of their spending. The app claims to offer better returns than savings accounts, by investing the spare change in Lendbox, a peer-to-peer lending platform that offers up to 10% returns. The app also plans to introduce mutual funds as another investment option in the future. The app is licensed by AMFI and regulated by SEBI, and uses bank-grade encryption to protect user data. The app is designed for beginners who want to start investing but are intimidated by the complexity and risk involved. The app simplifies the process by automating the investment of small amounts, without requiring users to change their spending habits or make any decisi...

Review of Multipl App

If you are looking for a smart way to save and spend money, you might want to check out Multipl, a fintech app that lets you invest for your future expenses and get benefits from your favourite brands. In this blog post, I will review Multipl app and share my experience of using it. Multipl is a SEBI-registered app that allows you to create spending goals and invest for them in commission-free direct mutual funds, digital gold or directly with a brand. You can choose from over 100+ goals, such as travel, gadgets, home improvement, jewellery, insurance premiums, education, etc. or create your own custom goal. The app also partners with more than 70+ brands across various categories, such as MakeMyTrip, Myntra, Pepperfry, Livspace, Nike, Croma and more. When you select a relevant brand for your goal, you get brand co-investments every month, which are added to your savings and can be redeemed as gift cards or vouchers at the time of purchase. This way, you get additional savings of 5-20%...

Review of Investmint App

Investmint is a signal-based trading app that claims to make trading and investing effortless for everyone. It offers various trading models that are curated and back-tested by SEBI-verified research analysts. The app sends actionable signals to the users based on the models they subscribe to, and allows them to execute the trades through their linked brokerage accounts. The app is compatible with 16+ major brokers in India. In this review, I will evaluate the app based on its features, performance, usability and pricing. I will also compare it with some of the best investment apps available in the market. Features: - Investmint has 10+ models to choose from, each with different time horizons, risk profiles and underlying strategies. Some of the models are High Five, Quick Short, Momentum Magic, Value Picks and Swing Trader. - The app sends timely notifications to the users when there is a new signal or an update on an existing trade. The users can tap on the notification to view the d...

Review of Upstox

Upstox is one of the leading online trading platforms in India, offering a range of services such as stocks, mutual funds, IPOs, futures and options, commodities and currencies. Upstox claims to make investing simple, affordable and accessible for everyone, with low brokerage charges, fast withdrawals, paperless account opening and smart tools. But how does Upstox compare to other brokers in the market? Here is a brief review of Upstox based on its features, benefits and drawbacks. Features: - Upstox has a user-friendly and intuitive app that allows you to trade and invest on the go. You can also access Upstox through its web platform or desktop software. - Upstox provides free delivery trades and charges a flat fee of Rs. 20 per order for intraday and other segments. You can also opt for a monthly plan that gives you unlimited trades for a fixed fee. - Upstox offers margin trading facility for selected stocks, futures and options, with up to 20x leverage. You can also use the margin c...

Review of Zerodha

Zerodha is India's biggest stock broker, offering online trading and investing in stocks, derivatives, mutual funds, bonds, and more. Zerodha has a reputation for being a discount broker, charging flat fees of ₹0 for equity delivery and direct mutual funds, and ₹20 for intraday and F&O trades. Zerodha also provides a range of modern platforms and apps for different needs and preferences of traders and investors. In this review, I will evaluate Zerodha's products and services based on four criteria: ease of use, features, customer support, and pricing. Ease of use: Zerodha's flagship trading platform, Kite, is fast and elegant, with a user-friendly interface and intuitive design. Kite can be accessed through a web browser or a mobile app, and offers advanced charting tools, market depth, price alerts, and more. Zerodha also has other platforms such as Coin for direct mutual funds, Console for portfolio analysis, Varsity for market education, and TradingQ&A for commun...

How to get started with Equity Investment in India

 Investment in India is a lucrative option for both domestic and foreign investors, as the country offers a large and diverse market, a stable democracy, a skilled workforce and a growing economy. However, investing in the Indian stock market can be challenging for beginners, as it requires some knowledge of the market structure, regulations, instruments and strategies. Here are some steps to help you get started with investment in India. Step 1: Open a demat and trading account A demat account is an account where your shares are held electronically, instead of in physical form. A trading account is an account where you can place buy and sell orders for stocks. You need both accounts to invest in the Indian stock market. You can open these accounts with a broker or a stock brokerage platform that is registered with the Securities and Exchange Board of India (SEBI), the market regulator. Some of the popular brokers and platforms in India are Zerodha, Upstox, ICICI Direct, HDFC Secur...