The Indian stock broking platform, INDstocks by INDmoney, has hit 732,437 active investors, according to data from the National Stock Exchange (NSE) as of November 2024. The platform has now surpassed competitors such as Paytm Money, Sharekhan, Mirae Asset, 5Paisa and Axis Securities.
INDstocks went live in November 2023. Notably, nearly 50% of active investor growth has come in the past six months, making it one of India’s fastest-growing stock broking platforms. This also reflects the broader market momentum and the growing preference for new-age digital investment platforms.
Speaking about this milestone, Ashish Kashyap, Founder and CEO of INDmoney, said: “Our goal has always been to simplify finance and empower every Indian to take control of their financial future with ease and transparency. The milestone of INDstocks crossing 7.3 lakh active investors is a testament to the easy and intuitive experience that the team has created for investors.”
Some of the key features rolled out on INDstocks comprise: Instant Withdrawals, Dividend Calendar, AI-driven chart patterns, live news and analysis. Futures & Options (F&O) trading was also recently introduced as a separate section on the app with various in-build safety. The platform is currently handling over 1 crore trades each month for its community of investors and F&O traders.
Launched with a mission to simplify investing, INDmoney has quickly risen to secure the 11th position in terms of active NSE investors, and now the platform stands close to Dhan and SBI Securities. This remarkable growth demonstrates INDmoney’s continued commitment to providing a seamless interface and a wide array of financial products and empowering a broader demographic to participate in the stock markets.
