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If you are confused to open an investing & trading account with available stock brokers....then I believe this article will clarify most of your doubts.

Indmoney and m.stock: A comparison of two investment apps


Indmoney and m.stock are two popular apps that allow users to invest in various financial products, such as stocks, mutual funds, fixed deposits, US stocks, etc. Both apps claim to offer simple, convenient and low-cost ways to grow your wealth. But how do they compare in terms of features, benefits and drawbacks? Let’s find out.

Indmoney: A super finance app

Indmoney is a financial management app that was launched in 2019 by Ashish Kashyap, the founder of Ibibo Group. Indmoney aims to be a one-stop solution for all your financial needs, from tracking your net worth, investing in Indian and US stocks, mutual funds, ETFs and FDs, getting free credit score and insurance advice, to saving on taxes and fees.

Some of the key features of Indmoney are:

Free trading and demat account: You can open a free trading and demat account with Indmoney and invest in over 6000 Indian stocks and ETFs with zero brokerage and AMC charges. You can also set up SIPs in stocks and ETFs to automate your investments.

US stocks: You can invest in over 3500 US stocks and ETFs with Indmoney, starting from as low as Rs. 10. You can buy fractional shares of companies like Apple, Amazon, Netflix, Tesla, etc. with zero commission and no minimum investment amount. You also get free currency conversion at interbank rates and free custodian services.

Mutual funds: You can invest in over 5000 mutual funds across all categories and fund houses with Indmoney. You can also get personalized recommendations based on your risk profile, goals and preferences. You can save on commissions by investing in direct plans and track your portfolio performance on the app.

Fixed deposits: You can invest in fixed deposits from various banks and NBFCs with Indmoney. You can compare the interest rates, tenure and ratings of different FDs and choose the best one for you. You can also get higher returns by investing in corporate FDs with AAA ratings.

Insurance: You can get free insurance advice from Indmoney’s experts and buy term life insurance policies from leading insurers. You can also compare the features, benefits and premiums of different policies and choose the best one for you.

Credit score: You can check your free credit score on Indmoney and get tips to improve it. You can also get access to pre-approved loans and credit cards from various lenders based on your credit profile.

Tax saving: You can save tax by investing in ELSS mutual funds, NPS, PPF, etc. with Indmoney. You can also get tax reports and file your returns online with the help of Indmoney’s tax experts.

Some of the pros of Indmoney are:

It offers a comprehensive range of financial products and services on one platform.

It helps you save on fees, commissions and taxes by offering zero-cost investing options.

It provides AI-based advisory and personalized recommendations to help you make better financial decisions.

It has a user-friendly interface and a high level of security and privacy.

Some of the cons of Indmoney are:

It does not offer trading in derivatives, commodities or currencies.

It does not support joint accounts or multiple bank accounts for investing.

It does not have a web version or a desktop app.

Amazing app with features like Zero brokerage, Fast remittance, and best Exchange rates⚡️

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m.stock: A smart investment app

m.stock is an investment app that was launched in 2020 by Moneyfront Fintech Pvt Ltd, a SEBI registered investment advisor. m.stock aims to make investing in Indian stocks easy, affordable and rewarding for everyone. m.stock offers curated stock baskets based on themes, sectors, strategies and goals that suit different investors.


Some of the key features of m.stock are:

Stock baskets: You can invest in over 50 stock baskets that are created by m.stock’s research team based on various themes, sectors, strategies and goals. For example, you can invest in baskets like Digital India, Pharma Stars, Dividend Champions, Value Picks, etc. Each basket contains 10-15 stocks that are carefully selected and rebalanced periodically.

Low-cost investing: You can invest in stock baskets with m.stock with zero brokerage fee and a flat annual subscription fee of Rs. 999 per basket. You also get free demat account opening and maintenance with m.stock’s partner broker Upstox.

Easy investing: You can invest in stock baskets with m.stock with just a few clicks on the app. You can also set up SIPs in stock baskets to automate your investments. You can track your portfolio performance on the app and get timely alerts and updates on your investments.

Smart investing: You can invest in stock baskets with m.stock with the help of its AI-based robo advisor, which helps you choose the best baskets for you based on your risk profile, goals and preferences. You can also get access to research reports, analysis and insights on various stocks and baskets.

Some of the pros of m.stock are:

It offers a simple and convenient way to invest in Indian stocks with curated stock baskets.

It helps you save on brokerage fees and commissions by offering low-cost investing options.

It provides smart advisory and research support to help you make informed investment decisions.

It has a sleek and intuitive interface and a high level of transparency and trust.

Some of the cons of m.stock are:

It does not offer trading in US stocks, mutual funds, ETFs, FDs or other financial products.

It does not offer insurance, credit score or tax saving services.

It does not have a web version or a desktop app.


I’m sure you will ❤️ m.Stock as well,  So *open an m.Stock account with this link and join in zero brokerage revolution today!*

https://ekyc.miraeassetcm.com/Register-with-us?ref=MA20677%26refsrc=2

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Conclusion

Indmoney and m.stock are two investment apps that cater to different types of investors.

 Indmoney is a super finance app that offers a comprehensive range of financial products and services on one platform. 

m.stock is a smart investment app that offers curated stock baskets based on themes, sectors, strategies and goals. 

Both apps have their own advantages and disadvantages, depending on your needs and preferences. You can choose the app that suits you best or use both apps to diversify your portfolio and optimize your returns.


I hope this article helps you. If you need any further assistance, please let me know.😊

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