How to start investing in Indian Stock Market? -For Layman Investors
If you’re new to stocks and looking for how to start investing in the Indian stock market, then you have reached the right place. In this post, we are going to discuss the five basic steps to start investing in the stock market.
How to start investing in Indian Stock Market?
1. Learn the basics:
Before you dive into the market, you need to learn the basics. Spend first few weeks in learning the fundamentals like what is stock market, how it works, how to find stocks to invest, when to buy, when to sell etc.
2. Get the documents ready
In order to start investing in the stock market, you’ll need to open your brokerage account. To open this account, you will need following documents- PAN CARD, Aadhar Card (for address proof), Passport size photo and Cancelled cheque/Bank account passbook.
3. Choose your stockbroker
You’ll need a stockbroker to start investing. There are many stockbrokers in Indian stock market like ICICI Direct, HDFC Securities, SBI Smart, Zerodha, Angel Broking etc.
Research the brokers and find out which one suits you the best. Different factors that you might want to investigate to find the best are- Brokerage charge, account opening charges, annual maintenance charge, customer service, trading platform etc.
4. Open your demat and trading account
Once your documents are ready and you’ve found the best broker that suits your requirements, then you can apply for opening the demat and trading account. It generally takes 7-10 days to open these accounts.
5. Start investing
After your account is ready, you can start investing in the Indian stock market using the trading platform provided to you by your stockbroker.
There are over 5,500 publicly listed companies in the Indian stock market and you can invest in any one of them.
If you are confused about where to start and which one to choose, don’t worry– we have figured it out all for you.
We have hand-picked top 2% stocks from the Indian stock market so that you do not have to waste any time looking in garbage stocks. You can select the ‘best among the best’.
Happy Investing 🙂