Secrets of the 10 Best Traders in India

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Best traders in India and their secrets:

Rakesh Jhunjhunwala - advises to diversify risks in the stock market as much as possible.

Azim Premji - selectively invests in technology stocks.

Radhakishan Damani - invests in companies in the retail sector for the long term.

Mukul Agarwal - invests in undervalued companies before they start growing.

Sunil Singhania - invests in venture capital stocks, constantly rebalancing the portfolio.

India is a land of opportunities, and the stock market is one of the best. If you play your cards well, the stock market offers enormous potential for wealth generation. However, trading in stocks can be quite risky, and only a handful of traders manage to make consistent profits from it.

So, who are these successful traders? And what are their secrets? Let's find out. Below is a list of the 10 best brokers in India based on their track record and profitability. The experts at the Traders Union examine what separates them from the rest and try to formulate some tips that could help you become a better trader. Enjoy!

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Top 10 traders in India

1. Rakesh Jhunjhunwala

Rakesh Jhunjhunwala is one of the top traders in India. He is known for his simple personality and his popular face among politicians, investors, traders, brokers, and other top financial gurus across the country. He is well known for his stock market predictions and bullish market outlook, which has earned him the title "India's Warren Buffett." He co-owned Rare Enterprises, a company that manages assets. He was not only an active investor but also the chairperson and director for many businesses and a founding member of Akasa Air.

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With an initial investment of $62, he made his first major profit in 1986. His estimated net worth when he died in January 2023 was $5.8 billion, placing him 438th among the world's richest persons. His active involvement in educating new investors made him a hot favorite among people who wanted portfolio growth. His long-term portfolio growth is remarkable, which is 137.41% from September 2016 to January 2023.

Strategy: Smart diversification is his biggest strength since he has stocks in almost every sector.

2. Azim Premji

Azim Premji is a businessman, investor, engineer, philanthropist, and former chairman of Wipro Limited. Premji remains the company's chairman and non-executive member. He informally holds the title of "Czar of the Indian IT Industry". Through four decades of diversification and growth, he led Wipro to become a global leader in software.

Premji has an $8.6 billion fortune. As a small family venture, in the 1980s, Azim Premji realized his dream by entering the IT sector. Wipro is one of the four stocks in his portfolio. His other stocks include Trent Ltd., Tube Investments of India Ltd., and Craftsman Automaton Ltd. Regarding diversification, Premji's portfolio does not appear to be diversified as much as those of other investors. He remains at the top of the industry's wealth list despite investing mainly in technology stocks.

Strategy: Premji follows a simple but selective investment strategy. If you want to invest in technology stocks, you may want to look at his style.

3. Radhakishan Damani

Radhakishan Damani is an Indian billionaire investor, entrepreneur, and founder of D-Mart. Bright Star Investments Limited, his investment company, also manages his portfolio. On 19 January 2023, the Bloomberg Billionaire Index ranked him as the 98th richest person in the world with a net worth of $20 billion.

The portfolio of Radhakishan Damani consists of 14 stocks from various companies. D-Mart and VST Industries Ltd. are two of his major holdings. His investment portfolio has grown by 9,851.24% over the last five years.

Strategy: His portfolio appears to be very diversified, with most stocks belonging to retail companies. His approach to selecting stocks appears smart and executed with a long-term perspective.

4. Mukul Agarwal

Mukul Agarwal is a successful businessperson in India, providing wealth management and financial advisory services. In addition to motivational speeches, he regularly speaks at TedX conferences. The aggressive investment style of this investor is very popular with investors. His net worth is $300 million. He is exceedingly skilled when it comes to discovering stocks that are likely to provide tremendous returns.

At present, he has 47 stocks in his portfolio. Intellect Design Arena Ltd. is one of his major holdings, with an investment worth $22 million. He has also invested in Radico Khaitan Ltd. with $20.1 million. During the past year, his portfolio surged by an astonishing 190.23%, while the long-term variation is more than 130.43%.

Strategy: Diversification is one of his strongest points, so various investors can learn much from him.

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5. Sunil Singhania

Sunil Singhania is a renowned Indian investor and the former head of equity at Reliance Capital. He founded Abakkus Asset Manager, an Indian asset management firm that manages more than a billion dollars (INR 8,000 crores) in listed Indian stocks. He has been managing his portfolio since 2013. His long-term investment strategy and wealth management skills have helped him achieve $290 million.

His portfolio includes 26 stocks, which evidences his strong belief in diversification. Jindal Stainless, Saregama India Ltd., Route Mobile, Mastek, Acrysil Ltd., Polyplex Corporation Ltd., Space Technologies Ltd., and others, are among his top holdings. His portfolio grew 260% from the previous year in terms of growth. During the last five years, his portfolio has grown by 11,004.55%.

Strategy: He uses many truly remarkable diversification strategies, and you should take a closer look at them.

6. Ashish Dhawan

Ashish Dhawan is another popular figure on the Indian stock exchanges. Aside from being an active stock investor, he is also an entrepreneur and a philanthropist.

He currently serves as the SEO for the Central Square Foundation. His portfolio contains 16 stocks worth $263 million.

Glenmark Pharmaceuticals Ltd. is a major stock on his list, worth $34 million. Other stocks in his basket include IDFC Ltd., Birlasoft Ltd., Equitas Holdings Ltd., and others. In the last year, his portfolio grew by 81.07%, while it grew by 651.38% over the last five years.

7. Ashish Kacholia

Ashish Kacholia is one of the top investors in India and is the co-founder of Hungama Digital with Rakesh Jhunjhunwala. He founded Lucky Securities in 2003. His portfolio consists of 27 stocks, including NIIT Ltd., VRL Logistics, Poly Medicure Ltd., Mastek Ltd., and others. From $65 million in 2016 to $225 million in 2021, his portfolio grew by nearly 250%. In the last year, it increased by 106.82%.

Strategy: Investing in small and mid-sized companies is his strategy. He looks for low-value stocks that can redefine market returns.

8. Anil Kumar Goel

Anil Kumar Goel began investing in the 1990s. He is the founder of his firm, Anil Kumar Goel & Associates. Over the past year, his portfolio grew by 102.97%. He has a portfolio worth $170 million. The manufacturing sector makes up most of his portfolio, consisting of 34 stocks.

Samtex Fashions is one of his recent investments, as well as Indsil Hydro Power and Manganese Ltd. Other investments include Nahar Spinning Mills Ltd., Dhampur Sugar Mills Ltd., Amarjothi Spinning Mills Ltd., and KRBL Ltd. For investors who are interested in manufacturing stocks and diversification, he is a great example to follow.

9. Mohnish Pabrai

Mohnish Pabrai is one of India's leading stock investors. Dhandho Funds and Pabrai Investment Funds are both led by him. It is estimated that he has a net worth of $156 million spread across only three stocks.

He invests in just a few stocks, which makes him unique in the investment world. Among the stocks in his portfolio are Rain Industries Ltd., Edelweiss Financial Services Ltd., and Sunteck Realty Ltd. In the last year, the value of his portfolio increased by 10.85%, while in the last five years, it increased by 724%.

10. Akash Bhansali

Akash Bhansali is the principal owner of Enam Holdings Pvt. Ltd. Currently, he is actively investing in stocks and is primarily known for his interesting portfolio, which is worth $340 million. Over the past five years, his portfolio has grown by 848.78%.

A few of his favorite stocks are Arvind Fashions Ltd., IDFC Ltd., Amber Enterprise India Ltd., Greenlam Industries Ltd., Welspun Corp Ltd., Maharashtra Seamless Ltd., and Sudarshan Chemical Industries Ltd.

Strategy: The rule he follows is to pick only one stock per sector.

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How to become a successful trader in India?

Anyone looking to become a successful trader in India must first understand the basics of the Indian stock market. They should know how to read and interpret financial reports and understand the role of the Securities and Exchange Board of India (SEBI) in regulating the market.

Devotees should also be aware of the tax implications of trading and the various types of trading platforms available. Once they have a solid understanding of these basics, they can begin to research stocks and build a portfolio. The most successful traders can identify opportunities and take advantage of them quickly and have a risk management strategy in place to protect their capital.

Here are some of the tips to remember if you want to be a successful trader in India:

  • Do your homework: It is important to understand the Indian stock market before you start trading. Read books, talk to experts, and attend seminars to learn as much as possible.

  • Stick to a plan: Stick to your plan once you have researched and developed a trading strategy. Do not let emotions get in the way of your decisions.

  • Be patient: Do not expect to make a lot of money overnight. It takes time to learn the ropes and become successful.

  • Manage your risks: Do not put all your eggs in one basket. Diversify your portfolio to minimize your risks.

  • Have realistic expectations: Do not expect to become a millionaire overnight. Be patient and stay focused on your long-term goals.

  • Stay focused: Do not let distractions get in the way of your trading and stay focused on your goals.

  • Be flexible: The stock market is constantly changing. Be flexible and adjust your strategy as needed.

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What are typical mistakes of novice traders?

One of the most common mistakes that beginner traders make is insufficient research. When starting, it's easy to get caught up in the excitement of making your first trade and overlook the importance of doing your homework. However, taking the time to learn about the market and understand the risks involved before making any investments is essential.

Another mistake that many beginners make is failing to set realistic goals. It's important to remember that you're not going to become a millionaire overnight; trading is a slow and steady process. If you're unrealistic about your expectations, you're likely to get discouraged and give up before you've had a chance to start earning profits.

Finally, beginner traders often let emotions influence their decision-making. It's important to remain calm and rational when trading, or you could make impulsive decisions that cost you money. If you can avoid these common mistakes, you'll be well on your way to success in trading.

Learn about the different types of trading, and find out what strategies work best in the current market conditions. Be prepared to lose some money in the beginning – most traders do – but with patience and hard work, you can eventually become successful.

Is trading a good career in India?

Like any other career, there are pros and cons to trading. This can be a good career in India for math-savvy and persistent people. However, beginners should understand that trading is risky, and most beginners lose money.

The main advantage of trading is that it offers the potential for high profits. If you can correctly predict market trends, you can make a lot of money. Trading can also be exciting as it involves making split-second (but rational and unemotional) decisions about buying and selling stocks.

However, trading is also a very risky business. You can lose a lot of money if you do not know what you are doing. The stock market is unpredictable, and even experienced traders can lose money. Beginners are especially at risk, as they may not know how to assess the risks involved in a particular trade.

Best brokers in India

RoboForex

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58.42% of retail investor accounts lose money when trading CFDs with this provider.

Description

RoboForex is a top Forex and CFD broker offering a wide choice of earning opportunities. Novice traders can copy the signals of professionals automatically. For professional traders, the broker offers a Forex bot constructor and individual trading in the Forex, stock and cryptocurrency markets. Learn more - RoboForex Review Great Britain 2023

Trading Instruments

RoboForex supports Forex, stock and crypto trading. The broker provides access to trading a total of 8,700 trading assets.

Commissions

In the CFD market, the broker uses spread as the commission. In the Forex market, the commission depends on the chosen account. Typical spread is from 0.3 pips, ECN account tradinf fee is $1-$2 per lot.

Intvestmetnt programs

Copy trading

EXNESS Group

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Description

Exness Trading Company has been working in the Forex market since 2008. The broker holds the leading position in Forex ratings. The company’s monthly trading turnover totals $325.8 billion USD. The broker currently has CFDs available for cryptocurrency, stocks, more than 120 currency pairs, energy and metals. Exness’s service provides favorable working conditions for traders: low commission, instant execution of orders and withdrawal of funds. There are several options for opening an account depending on the traders’ needs. A demo account is available - a training account that is useful for both beginner level traders and professional traders.

Trading Instruments

Currencies, assets of stock and commodity markets, cryptocurrencies

Commissions

Standard Account EURUSD Average Spread 1 pip, ECN/STP Account Fee $3.5 per lot

Intvestmetnt programs

Copy trading

FAQ

Who is the best trader in India?

Rakesh Jhunjhunwala is considered to be one of India's most successful traders. His success in the Indian stock market serves as an inspiration to everyone who wants to succeed. He proudly advocates for and promotes Indian investments.

What is the best way to learn about trading in India?

The best way to learn about trading is to start with a good book or online course. Once you have the basics down, you can begin to practice with a demo account. When you're ready, you can start trading with real money. Always remember to do your research and never risk more than you can afford to lose.

How much money do I need to start trading in India?

The amount of money you need to start trading will depend on the broker you use and your account type. Some brokers may require a minimum deposit, while others will not. Before you begin trading, be sure to check with your broker to see what the terms and conditions are.

How risky is trading in India?

Trading is a risky business, and the stock market can be unpredictable. Novice traders should always be aware of the risks involved and never risk more than they can afford to lose. Experienced traders can also lose money, so it's important to always do your research and never take unnecessary risks.

Team that worked on the article

Alamin Morshed
Contributor

Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.

Over the past four years, Alamin has been working independently and through online employment platforms such as Upwork and Fiverr, and also contributing to some reputable blogs. His goal is to balance informative content and provide an entertaining read to his readers.

His motto is: I can dream or I can do—I choose action.

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.