We're really excited to inform you that we have tied up with 5Paisa to offer you the option of investing in Indian Stocks, ETFs and IPOs.
5Paisa is India's fastest growing discount broker and the first publicly listed online broking company. It ranks amongst the top 10 discount broking firms in the country, and it enjoys strong backing from IIFL, India's leading diversified financial services company. It has a daily turnover of more than Rs. 30,000 Cr. 5Paisa has over 4,50,000 clients and more than 3.5 Million app users.
It's completely free (and paperless) to open an account with 5Paisa.
The charges for any trade are just a flat fee of Rs. 20 (or 2.5% of the trade value, whichever is lower). For example, you can trade for Rs. 1 Lakh or Rs. 1 Crore and you will only need to pay a fee of up to Rs. 20.
Important Notes:
1. Your Demat and Trading account will be created with 5Paisa (not with Niyo Money). We (Niyo Money) have simply tied up with them so that you can access their stock investing platform through your Niyo Money app itself.
2. This feature is currently available only on the app, and not the website.
3. This is a Do it Yourself (DIY) platform, where you can select the stocks of your own choice and invest in them. Niyo Money only provides mutual fund recommendations and advisory, and does not provide any stock market advisory.