If you also have this question in your mind that ‘Upstox se paise kaise kamaye’ then your question will be solved by reading this post.
Upstox is a discount broker working in the stock market of India, using which people buy and sell shares. Many people earn money by trading in it, referring and investing in mutual funds.
In today’s post, we will know what is Upstox and what are the ways to earn money from Upstox. So let’s start and know how to earn money from Upstox.
What is Upstox?
Upstox is a discount broker working in the Indian stock market, using which people can buy and sell shares, invest in IPOs, mutual funds, bonds, and gold.
It is a straightforward and simple trading platform on which anyone can easily invest in the stock market.
Upstox got the license in 2010, after which their trading business started in India under Upstox Securities Pvt. Ltd. It includes the names of many big investors, but the most famous name is that of Mr. Ratan Tata Sir, whom everyone knows all over India.
You can easily use Upstox on any platform, be it a smartphone or a desktop computer.
How to earn money from Upstox?
You can earn money from Upstox by using these five methods.
Earn by trading in Upstox
You can earn money by trading in Upstox. In this, you get the opportunity to invest in the shares of all the companies listed in India. You can easily buy and sell the shares of any company you want to buy.
If you do not know about trading, then let us tell you that in trading you can become a shareholder in any company by taking shares of that company. Whenever the share price of that company increases, you will get profit and you can earn money from it.
For example, suppose you bought shares of Tata Motors at the rate of Rs 120 per share. If after two months the price of those shares becomes Rs 250 per share, then you will get a profit of Rs 130 per share.
Earning by investing in IPO
In Upstox, you can also earn money by investing in IPO (Initial Public Offering).
IPO means Initial Public Offering, that is, when a new company comes to the stock market, it raises money by offering its shares to the public so that it can further expand its business.
A fixed date is given to invest in IPO, in which you get a chance to apply to invest in the IPO of that company.
If you get an IPO, money is deducted from your bank account and you get shares of that company. Then whenever the price of those shares increases, you can earn money from them.
Earning by investing in mutual funds
In Upstox, you can also earn money from mutual funds, in which you get the opportunity to invest in mutual funds of different companies.
You can also do monthly SIP (Systematic Investment Plan) or lump sum investment through Upstox.
In mutual funds, different firms invest your money little by little in different companies. When this money grows after years, you can withdraw it and take advantage of your investment.
Earning by investing in gold
You can also earn money by investing in gold in Upstox. You cannot buy gold directly in Upstox, but you can earn profit by investing in Sovereign Gold Bonds or Gold ETFs (Exchange Traded Funds).
Talking about Sovereign Gold Bonds, it is issued by RBI (Reserve Bank of India) and it is purchased in digital form. This means that it is not stored in your home or bank, nor do you have to pay any melting or making charges in it.
With this you get 2.5% interest every year which is capital gains tax free.
Earning by Refer and Earn
You can also earn money in Upstox by referring and earning. In this, you have to share your referral link with your friends and family.
Whenever someone opens an account in Upstox through your given link, you get money for that.
There is no investment required to refer and earn in Upstox. Follow those steps here:
First of all, log in to your Upstox account.
Then, go to your profile and click on the “Refer and Earn” option.
A new page will open in which you will get the option of “Send Invite”, from where you can copy your referral link.
Then share the same link with your friends and family.
As soon as someone opens an account in Upstox using that link, you will get money.
What documents are required in Upstox?
To create an account in Upstox, you will need these documents:
Income Proof
Aadhaar Card
Address Proof
Bank Proof
Scan signature
PAN Card
Creating an account in Upstox is easy! Just click on this link: Open Upstox Account
How to withdraw money from Upstox?
First login to your Upstox account.
Then, click on ‘Funds‘ located in the right-hand corner in your Upstox dashboard.
Now, you will see the option of ‘Withdraw Funds‘, click on it.
Then, enter the amount you want to withdraw.
After that, click on ‘Place Withdraw Request‘.
Some important questions related to how to earn money from Upstox
Q1. How to earn money daily in Upstox?
To earn money daily in Upstox, do intraday trading, where you buy and sell shares throughout the day.
Conclusion
Friends, I hope that after reading this post you have now understood what is Upstox and how to earn money from Upstox. If you still have any questions in your mind, you can ask us in the comment section. I will try to answer you as soon as possible.