How to invest money in the share market without having money. Here we are going to learn about investing our first ₹100 into the share market without even having money.
What Is Share Market?
Share Market is a place where buying and selling of shares take place. When you buy a share you become an owner of that unit of amount in the company. When the company grows, its share price also grows, and the shareholders make profit.
What is NSE and BSE?
The stock exchange is a marketplace where securities can be traded between investors/traders with the help of brokers. The BSE and NSE are the leading stock exchanges of the Indian market.
NSE is National Stock Exchange and BSE is Bombay Stock Exchange. The NSE or National Stock Exchange is the leading stock exchange of India.
The BSE or the Bombay Stock Exchange is a lot older than its cousin. It was Asia’s first stock exchange. With a trading speed of 6 microseconds, the BSE is the fastest stock exchange in the world. Learn more about NSE and BSE .
How To Invest In Share Market Without Money?
Firstly to invest your first ₹ 100 into the share market without actually having money. You have to download the Groww app from the Google Playstore or Apple app store. Use the referral link to download https://groww.app.link/refe/aakash-sky and get ₹100 into your Groww app. Secondly, you can use this money to invest in the Share Market or you can transfer this money to your bank account. Learn more: The Ultimate Money Motivation.
Why you should Invest using Groww?
Groww has 0 maintenance and service charges, whereas other stockbrokers charges around ranging from ₹300 to ₹1000 annually.
Where To Invest Your First ₹100 on Groww App?
Firstly, you can invest in Mutual Funds, by starting a SIP i.e Systematic Investment Plan. Here you can start with investing ₹100 every month, there will be a fixed date on every month where you’ve to pay for your Investment, you can anytime pause or resume your SIP. Secondly, you can buy shares using the Groww app one time for ₹100 or less or maybe more.
How To Create Account on Groww App
- step 1: Open the Groww App
- step 2: Signup with Google
- step 3: Enter your mobile no. here then tap on ‘Verify Number’
- step 4: Enter the ‘verification code’ sent on your mobile number then tap on ‘Confirm’
- step 5: Enter your ‘PAN Number’ here and then tap on ‘Next’
- step 6: Enter your ‘Name'(AS PER YOUR PAN CARD)
- step 7: Enter your ‘Date Of Birth’
- step 8: Select your ‘Gender’ here
- step 9: Enter your ‘Nominee Name’ and select the ‘Relation’
- step 10: Tap on ‘Next’
- step 11: Enter your ‘Mother’s Name’ and ‘Father’s Name’
- step 12: Select if you are ‘Single’ or ‘Married’ and then Tap on ‘Next’
- step 13: Enter your ‘Bank IFSC code’ and then press ‘Confirm’
- step 14: Enter your ‘Bank Account Number’ and then Tap on ‘Next’
- step 15: Click your photo then Tap on ‘Next’
- step 16: Make your 5 seconds video then Tap on ‘Next’
- step 17: Click a clear picture of your PAN card and then Tap on ‘Next’
- step 18: Select one of these for address verification (We chose Aadhaar Card for Reference purpose)
- step 19: Click the front of your Aadhaar Card then Tap on ‘Next’
- step 20: Click the back of ‘Aadhaar Card’ then Tap on ‘Next’
- step 21: Enter your ‘Aadhaar Card Number’, ‘Address’, ‘Pincode’
- step 22: Enter the ‘City’ and Select the ‘State’ then Tap on ‘Continue’
- step 23: Tap on ‘I Agree’
- step 24: Tap on Sign and then Sign and Tap on ‘Save’
- step 25: Your Account Creation is Successful