Company Overview
Pocketful is a budding stock broking firm with an easy-to-navigate platform equipped with advanced trading and research tools. The platform is a relatively new fintech platform in India focused on simplifying investment and trading processes for beginners. It aims to provide a seamless trading experience.
Pocketful was founded by Sarvam Goel and Rishabh Goel and was launched in 2024. The company is backed by Pace Financial Group, which has been active in the financial services business for over 30 years. Based in New Delhi, the company provides a wide range of financial services, ensuring exceptional quality and expertise across all their offerings.
Features of Pocketful
Pocketful can help you achieve financial independence via features like superstar portfolio, algorithmic trading, and instant withdrawal. These features can transform your investment journey. Let us understand them in detail.
- Pockets Feature: Successful investors can identify profitable niches or ‘pockets’ in the markets. These are high-growth sectors, trends, or emerging opportunities. Investing in sectors such as travel, EV, etc., at the right time can lead to decent returns. However, investors who do not want to spend time finding stocks related to a specific sector can simply create a demat account with Pocketful within a few clicks and invest in readymade pockets with prominent shares of that particular sector. For example, if you wish to invest in defense stocks, Pocketful already has a defense pocket with the shares of the companies operating in the defense sector on their app.
- Superstar Investors: With Pocketful’s ‘Super Investors’ feature, you can track the top 10 holdings of prominent investors in India.
- Algorithmic Trading: Pocketful offers free APIs, which you can use to code your trading strategies.
- Instant withdrawal: Pocketful allows instant withdrawal, giving investors more flexibility and control over their money.
- Share Pledging: Share pledging allows investors to use their equity holdings as collateral fortrading margin. This method offers liquidity without selling assets, helping maintain long-term growth.
Advantages: If you start your journey with Pocketful.
When it comes to choosing a stock broking firm, it is important to select one that focuses on your financial needs and offers great customer support. Below mentioned are some of the advantages that Pocketful offers.
- Free personal finance workshops: The platform offers clients free workshops on personal finance to enhance their financial knowledge and help them achieve financial freedom.
- Investing workshops: Pocketful’s investing workshops help both beginners and experienced investors make sound investment decisions.
- Dedicated relationship managers: For Pocketful, the financial journey of clients matters to them, and that’s why they offer dedicated relationship managers for personalized guidance tailored to investors’ investment goals.
- Free financial planning tools: Investors can use user-friendly tools to create a customized financial roadmap for their future.
- Convenient document collection facility: Eliminate the hassle of submitting documents in person because the company offers free document collection services to streamline onboarding and compliance.
- Affordable Brokerage Plans: Pocketful’s brokerage plans are competitive and transparent, fulfilling the needs of both investors and traders.
- Smooth KYC process and customer support: The platform’s KYC team ensures a smooth onboarding experience, and the customer support team quickly addresses client’s concerns.
- Diverse investment options: The company offers various investment options like equities, mutual funds, derivatives, and bonds to help clients diversify their portfolios.
Fees and Other Charges
- Account opening charges: ₹0
- Account maintenance charge: ₹0
- Transaction charges (Market Trades)
- Buy (Receive) – ₹0
- Sell (Debit) – ₹8/- + ₹5.50/- (CDSL Charges) + GST
- Dematerialization Charges: ₹150/- per certificate
- Rematerialization Charges: ₹150/- per certificate + CDSL Charges
- Off-market trades
- Buy (Receive)- Nil
- Sell (Debit): 0.03% or Rs.25/- whichever is higher.
- Brokerage Charges:
- Equity Intraday- ₹20 per executed order or 0.03% of turnover, whichever is lower
- Equity Delivery- ₹0
- Futures- ₹20 per executed order or 0.03% of turnover, whichever is lower
- Options- ₹20 per executed order.
- Pledging Charges: ₹25/- + GST
The Pocketful App: A Step-by-step Guide for the Application Process
Investing is now easier than ever. The first step in your investment journey is to open a demat account with a well-known brokerage firm. Here is a guide to help you easily navigate the KYC process to open a demat account with a Pocketful.
- Start by downloading the app. You will see two options: login & sign up. Click on the sign-up button to get started.
- Enter your email address. An OTP will be sent to your email for verification. Enter the OTP to proceed with the application process.
- Now enter your mobile number. You will receive an OTP on your mobile for verification.
- You will be redirected to the KYC page. If you opt for a digital locker, OTP will be sent to your Aadhaar-linked mobile number, and your documents will be automatically fetched from the digital locker for further verification. Alternatively, you can manually upload photocopies of your documents.
- Once completed, upload a selfie for identity verification purposes.
- Enter your bank details to verify your bank account.
- Now select the segments in which you wish to trade, such as equity, commodities, futures and options.
- The next step is to upload your signature. You can either upload an image of your signature or draw your signature digitally.
- Now, e-sign your documents and complete the process to finalize your application.
- Once you have completed the KYC process, your application will be submitted, and you will receive your login credentials within 24 hours.
- After receiving your login details, you can log into the mobile application and begin investing in the stock market.
Note: Income proof is mandatory if you are choosing to trade in F&O and commodity segments.
Conclusion
Opening a trading account is now simpler than ever, thanks to a user-friendly Pocketful app and easy KYC process. This guide provides all the necessary information to help you start your investment journey with Pocketful. Investing or trading in equities, commodities, or futures and options is now simpler than ever. Open a Demat account with Pocketful today and start investing to get closer to your financial goals.
