Are you looking into smart trading of stocks? Well, leveraging on Fintech tools for better returns could be the most trusted option. Stock traders look for fintech tool investors in India and some tools that will facilitate the trading process. Let’s look at the popular fintech trading tools that can create a buzz in the stock trading platform.
- Smallcase: The Smallcase tool is a fintech product that allows investors to invest in the thematic portfolios of stocks and ETFs (Electronic Transfer Funds). These small cases are managed and created by financial experts or institutions. The key features of this software are:
- They can invest in thematic portfolios based on ideas like EV, IT, ESG, and dividend yield.
- There is direct ownership, and users can buy (Electronic Transfer Funds) ETFs/ stocks in their own demat account.
- There are SEBI registered managers, and they are customizable to their own usage.
This tool is used by brokers, advisors, retail investors, and Fintech apps. The use of the software democratizes investing and connect the gap between active and passive investing. They encourage long-term investing with SIP (Systematic Investment Planning), and simplify portfolio management.
- Groww: Groww is a Fintech platform in India providing digital investment and financial services to retail investors. This allows the users to invest in ETFs, stocks, fixed deposits, and mutual funds. The key features are:
- Directing mutual fund investments through Systematic investment plan (SIP) and direct mutual funds. This tool is good for comparing and tracking fund performance.
- They are used in stock trading. They aid in equity training in NSE and BSE. They provide an option to view the financial data and stock insights.
- They allow investors to invest in 24-carat gold and digital gold. They are a user-friendly platform designed for first-time investors.
- They have educational tools like videos, vlogs and resources that help in investment and financing.
- They are used mainly by Gen Z and the millennials in India, thereby incepting a jargon-free experience.
- Tickertape: Tickertape is a Fintech tool providing data-driven investment analysis, portfolio management, and stock analysis. This will simplify financial decision-making and offer in-depth analysis. The key features of Tickertape are:
- This allows the filter to find stocks/ETFs based on more than 200 parameters like valuation, growth, momentum, etc.
- There is a detailed info-rich stock page reflecting financial ratios, peer comparison, shareholding patterns, technical indicators, and intrinsic value estimation.
- There are investment portfolios that users can create and track. Mutual fund analysis offers risk analysis, performance metrics, and comparison tools for mutual funds.
This software is mainly for retail investors and advanced trade analysis. The parent company here is Smallcase Technologies, which is integrated with brokers like Zerodha Investors, 5 Paise, and Upstock.
- Sensibull: Sensibull is the largest trading platform, crafted to simplify and enhance trading options for both novice and the pros. They offer a host of tools for assisting their strategies and market trends. They help to analyze real-time data. The key features of Sensibull are:
- Sensibull allows the users to build strategy. They can create and analyze options, visualize payoffs, and have an understanding of profit/ losses.
- They suggest optimal options based on the market outlook and simplify decision-making.
- This software allows the practice of trade and draft portfolios to enable users to trade without using real money.
- There are advanced analytical tools to provide real-time trading options, imply volatility charts, and inform the decision-making platform.
- Sensibull integrates seamlessly with brokers like Zerodha users, Upstox, Angel One, and ICICI Direct.
- They have educational resources for facilitating trading options and trading purposes.
- Sensible offers a platform offering a premium model and has advanced tools through paid subscriptions. They are accessible to the users through web browsers and mobile apps.
The popularity of the best fintech tools investors is gaining an escalating track since there are various advantages.
Why is there a shift towards the fintech tools?
The top fintech tools investors are emphasizing on investment tools. India’s Fintech investment in 2023 was USD 689 billion and is expected to touch USD 2.1 trillion by 2030. The reason there is escalating growth is mainly because investors prefer Fintech tools for various advantages:
- Data-driven investment decision: Data-driven analytics leverage the statistics, real-time information, and guiding decisions. A study shows that non-data-driven decisions underperform by 2-3 % annually. Data-driven investment is based on fundamental data analysis, sentimental analysis, and quantitative analysis.
- Algorithmic and automated trading: Algorithmic trading involves mathematical models and human oversight for making decisions on trade securities. They can successfully deal with huge amounts of data and high accuracy.
- Robo-advisory platforms: This is a digital platform providing an automated system and minimizing human involvement in decision-making. This technology involves software algorithm, artificial intelligence and machine learning. They are advantageous, cost-effective, adaptable, easy to use, and have 24/7 access.
- Portfolio optimization and risk management: Portfolio optimization is the process of selecting multiple assets on the basis of quantitative techniques and metric analysis. This phenomenon helps to make superior returns adjusted to the level of risks taken. They work on the basis of mean-variance optimization (MVO)and modern portfolio theory (MPT), aimed at getting the best returns amidst any risk situation.
- Expense reduction: Fintech tools are tech-driven services that can automate operational efficiency. They are subjected to cloud-based scalability solutions and data analytical decision-making. They reduce the cost of hiring manpower and increase the efficiency to a great extent.
- Blockchain and DEFI opportunities: Investment opportunities have moved to digital mode. Now, traditional money has taken the shape of cryptocurrency, and blockchain is the method of transaction. DeFi is the process of using security protocols, software, connectivity, and hardware advancements.
Fintech tools are in high demand because of reliance on technology and efficiency. You may have a look at the Fintech tools investors list for whoever has plans to invest in India. Although there are giant Fintech companies in India, the list will expand more in the future. So, if you are serious about making money in the stock market, get the best quality and user-friendly Fintech tool.
Citations:
https://www.levelfields.ai/news/why-data-driven-investing-is-revolutionizing-portfolios
https://www.investopedia.com/terms/a/algorithmictrading.asp
https://www.investopedia.com/decentralized-finance-defi-5113835
https://kriptomat.io/blockchain/how-to-invest-in-blockchain
https://stoxbox.in/marketopia-maintenance
https://www.techinasia.com/whos-investing-indias-fintech-startups
