INDstocks, the Indian stock broking platform launched by INDmoney, has rapidly emerged as one of the fastest-growing platforms in India, surpassing 558,000 active investors as of August 2024, according to National Stock Exchange (NSE) data. Since its full launch in November 2023, the platform has witnessed a 50% growth in active users over the last two quarters. INDmoney’s broader investor base across all its products now exceeds 1.8 million, growing over 100% year-on-year. The platform's growth is driven by innovative features such as AI-driven chart patterns, instant withdrawals, live news, and Futures & Options trading, which cater to the evolving needs of its expanding user community.

INDstocks by INDmoney Surpasses 558,000 Active Investors

Rapid Growth Since Launch
INDstocks, a stock broking platform by INDmoney, has crossed the milestone of 558,720 active investors as of August 2024, according to the latest data from the National Stock Exchange (NSE). Launched in November 2023, the platform has quickly positioned itself among the fastest-growing stock broking platforms in India, recording a 50% increase in active investors over the past two quarters.

Expanding INDmoney’s Investment Ecosystem
INDstocks is an extension of INDmoney’s broader mission to provide comprehensive investment solutions through a single mobile app. Previously focused on US stocks, mutual funds, and National Pension Scheme (NPS) investments, the introduction of INDstocks enables users to diversify their portfolios within one platform, enhancing INDmoney’s value proposition.

Broader Investor Base and Impressive Growth Metrics

Total Investors on INDmoney Surpass 1.8 Million
The total number of investors on INDmoney across all investment products now stands at 1.8 million, reflecting a year-on-year growth rate of over 100%. This exponential growth underscores INDmoney’s expanding influence in the Indian financial technology landscape, driven by its commitment to offering diverse investment options under a unified platform.

Key Features Fueling User Engagement
INDstocks has introduced several innovative features to cater to its growing user base, including instant withdrawals, AI-driven chart patterns, and real-time news and analysis. The platform recently launched a dedicated Futures & Options (F&O) trading section, complete with built-in safety measures, further expanding its appeal to active traders seeking robust and secure trading experiences.

Platform Performance and Market Position

Handling Over 10 Million Trades Monthly
INDstocks is currently processing over 10 million trades each month, demonstrating the platform’s capacity to handle high trading volumes while maintaining performance standards. This level of activity highlights INDstocks’ role as a major player in India’s stock broking industry, supporting a diverse community of investors and F&O traders.

Positioned as a Leading Fintech Innovator
With its rapid growth and innovative approach, INDstocks is cementing its position as a key fintech player in India’s competitive stock broking market. The platform’s ability to attract and retain a substantial number of active investors reflects strong user confidence in its offerings, particularly in a market where technological innovation and user experience are crucial differentiators.

Speaking on the 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. Launch of INDstocks on INDmoney is in line with this objective of delivering a one stop shop investment solution across Indian stocks, US stocks, Mutual Funds and NPS. The recent milestone of crossing 5.5 lakh active investors on NSE is a testament to the easy and intuitive experience that the team has created for investors.”