‘IIFL MARKETS’
STOCK TRADING APP CROSSES 1.2 MN DOWNLOADS
AIMS 2 MILLION DOWNLOADS BY
END OF FY18
A world's first:
IIFL Markets app offers free access to research on 500 companies
After booking cabs,
grocery and food online, there appears to have been a shift in the mindset of
the Indian investors too. If one considers the download pattern of on financial
market mobile apps of Google Play Store the numbers reveal a clear shift in the
trend.
Traditionally, the
traders and retail investors were thought to be a conservative lot when it came
to choosing the mode of their stock market investments, often involving huge
monies or their life savings. However, the trend of mobile trading apps of
broking houses being preferred over banks and exchanges, as indicated from
Google Play data, indicate the growing trust factor of investors for their
brokers. BSE app ranks No. 2 while leading brokerages like ICICI Direct
and Edelweiss rank No. 3 and No.4 as per data from Google Play.
India’s top Fortune
500 listed broker, India Info line Ltd, said, its stock trading
application IIFL Markets has crossed 1.2 million downloads, the most
downloaded and used application in the financial markets applications
category in India. India Infoline Ltd a part of the leading diversified
financial services entity, IIFL Group.
IIFL Markets
is also the highest rated app in Indian financial markets space with 4.4 star
rating from over 20,000 users, IIFL Markets enjoys a 4 star or 5 star
rating by about 90%+ users. The app is the fastest to reach the 1 million
download feat in the financial markets application space and remains one of the
most used app anywhere in the world.
IIFL Markets
app has 3 lakh monthly active users, contributes to about 30% of IIFL’s
broking revenue and caters to 40% active clients. In
FY17, IIFL Group’s income from capital market segment and related
activities was Rs 622 crores. The app also brings about financial inclusion
in truest sense. It's highest penetration is in smaller cities like Ranchi,
Ananthpur, Visakhapatnam, Ludhiana, &Vijaywada. This is the one of
it's kind app in the world, which provides access to free research on 500
companies.
“Considering the
fast adoption of stock trading through our mobile application, we expect
the IIFL Markets app downloads to cross 2 million mark by end of 2018
fiscal,” said, Mr Chaitanya Shahare, Head, IIFL Markets app.
His team of over 50 people take pride in developing and managing the
app.
“We have designed
the app separately for android, windows and IOS platform, which helps the
native app to perform the best according to the users’ mobile platform. We
assume the old as well as new customers will love the experience and trade
through their mobile,” Mr Shahare said.
IIFL Markets
boasts a hamburger styled menu and state of the art dashboard, which provides
user with all information required in one screen. IIFL Markets
provides exclusive features like Watchlist, Price Alert, Buy/Sell Stocks/Mutual
funds, Market Buzz, IIFL View, Videos/Live TV
and IIFL Ideas. Being a native
application, IIFL Markets is faster and more stable than any other
such application. IIFL Markets is the only such application, with
widget functionality, fundamental research capability and allows
to execute orders for Follow-on Public Offers.
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Aug-17
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Sr. No.
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Size of the app
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Version
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Last updated
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Applicable for android version
|
Installations
|
Rating
|
Rated by (no of users)
|
|
1
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IIFL Markets
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4.82 M
|
4.0.1.0
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16-Aug-17
|
4.0.3 and up
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10,00,000 – 50,00,000
|
4.4
|
21333
|
|
2
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BSE
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6.01M
|
3.3
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24-Jul-17
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4.0.3 and up
|
500000 - 1000000
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4.1
|
9962
|
|
3
|
ICICI Direct
|
741K
|
3.5
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31-Jul-17
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1.0 and up
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500000 - 1000000
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3.5
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12435
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|
4
|
Edelweiss
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19.59M
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3.0.24
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4-Aug-17
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4.0.3 and up
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100000 - 500000
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4.3
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5101
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|
5
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RKSV
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13.49M
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2.9.0
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11-Aug-17
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4.1 and up
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100000 - 500000
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4.3
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3580
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|
6
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Zerodha
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6.06M
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1.9.28
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20-Jul-17
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4.0.3 and up
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100000 - 500000
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4.1
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10363
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|
7
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HDFC Securities
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6.53M
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4.02
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9-Aug-17
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2.3.3 and up
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100000 - 500000
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4
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16971
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|
8
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Kotak StockTrader
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12.89M
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2.0.6
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22-Aug-17
|
4.0.3 and up
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100000 - 500000
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3.9
|
10631
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|
9
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Angel Broking
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12.57M
|
7.6.2
|
19-Jul-17
|
4.2 and up
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100000 - 500000
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3.9
|
7360
|
|
10
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Sharekhan
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4.52M
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2.0.7
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5-Jul-17
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4.0 and up
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100000 - 500000
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3.9
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2314
|
|
11
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Axis Direct
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5.36M
|
10.0.0.12
|
7-Apr-17
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4.0 and up
|
100000 - 500000
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3.9
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9439
|
|
12
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MotilalOswal
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10.31MB
|
3.2.0
|
21-Jul-17
|
4.0.3 and up
|
100000 - 500000
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3.8
|
3827
|
|
13
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BNP Geojit Paribas
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8.39M
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3.8
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20-Jun-17
|
4.0.3 and up
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100000 - 500000
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3.5
|
3582
|
|
14
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Religare
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10.62M
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1.0.0.0
|
22-Aug-17
|
4.0.3 and up
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100000 - 500000
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3.3
|
2745
|
|
15
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Reliance Tick PRO
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11.70M
|
1.0.6
|
8-Aug-17
|
3.0 and up
|
50000 - 100000
|
4.1
|
928
|
|
16
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Karvy
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11.87M
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1.0.3
|
19-Aug-17
|
3.0 and up
|
50000 - 100000
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3.9
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581
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|
17
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Samco trader
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790K
|
1.6.1
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26-Jul-16
|
4.0 and up
|
50000 - 100000
|
2.8
|
1118
|
|
18
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AnandRathi
|
9.87M
|
3.1.3
|
17-Jan-17
|
4.4 and up
|
10000 - 50000
|
2.9
|
283
|
|
19
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Indiabulls
|
10.33M
|
2.1.3
|
25-Feb-17
|
4.0 and up
|
10000 - 50000
|
3.6
|
124
|
|
20
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SMC mobitrade
|
21.76M
|
1.0.3
|
2-Jun-17
|
4.1 and up
|
10000 - 50000
|
3.6
|
145
|
|
21
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SMC mobitrade
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21.76M
|
1.0.3
|
2-Jun-17
|
4.1 and up
|
10000 - 50000
|
3.6
|
145
|
|
22
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Nirmal Bang Beyond
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9.20M
|
1.0.6
|
7-Aug-17
|
4.1 and up
|
10000 - 50000
|
3.6
|
657
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