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IIFL vs Angel Broking – Stock Brokers Comparison

Stock Market

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August 1, 2020

IIFL vs Angel Broking – Stock Brokers Comparison

IIFL vs Angel Broking – In stock market trading and investment stock brokers plays an important role. You have to be careful in making selection of the stockbroker.

There are two types of stock brokers available in the market discount broker and full service broker. Discount broker offer only trading services with low brokerage cost. On the other hand, full service broker provides all financial products under single umbrella. It is advisable to go for full service broker as you can manage all your investment at single place.

IIFL & Angle Broking are leading full service stock brokers in India. Let’s compare IIFL and Angle Broking side by side and try to figure out which stockbroker is appropriate for you.

IIFL Stock Broker – Review

IIFL, being a complete financial investment house, has entrusted itself as a dependable brand among the investor base. IIFL was established in 1995 as a full service stockbroker. It offers trading through different exchanges such as NSE, BSE, MCX with a presence across 4500 locations of the country.

IIFL Key Features

Online Account Opening Facility
Online Portfolio Management with single click
Margin Trading funding available
Wide range of trading platform range with mobile support
Virtual Portfolio Management Facility
Facility of placing orders via Charts
Financial Health Checkup Facility available
Offers multiple Brokerage plans as per need
Very good research and advisory services

IIFL Charges

Flat Brokerage Plan

Account Type	Flat Brokerage Plan (FBP)
Equity Delivery Brokerage	0.50%
Equity Intraday Brokerage	0.05%
Equity Futures Brokerage	0.05%
Equity Options Brokerage	1% of Premium or ₹100 per lot, whichever is high
Currency Futures Trading Brokerage	0.05%
Currency Options Trading Brokerage	1% of Premium or ₹100 per lot, whichever is high
Commodity Futures Trading Brokerage	0.05%
Commodity Options Trading Brokerage	1% of Premium or ₹100 per lot, whichever is high

Variable Brokerage Plan

Account Type	Variable Brokerage Plan (VBP)
Equity Delivery Brokerage	0.15% to 0.60%
Equity Intraday Brokerage	0.02% to 0.05%
Equity Futures Brokerage	0.02% to 0.05%
Equity Options Brokerage	1% to 2.5% of premium or ₹100 per lot, whichever is higher
Currency Futures Trading Brokerage	0.02% to 0.05%
Currency Options Trading Brokerage	1% to 2.5% of premium or ₹100 per lot, whichever is higher
Commodity Futures Trading Brokerage	0.02% to 0.05%
Commodity Options Trading Brokerage	1% to 2.5% of premium or ₹100 per lot, whichever is higher

Advanced Brokerage Plan

Account Type	Advance Brokerage Plan (Prepaid)
Fixed Charges	₹5,000 to ₹1,00,000
Equity Delivery Brokerage	0.35% to 0.05%
Equity Intraday Brokerage	0.04% to 0.01%
Equity Futures Brokerage	0.04% to 0.01%
Equity Options Brokerage	1% of premium to flat ₹20 per lot
Currency Futures Trading Brokerage	0.04% to 0.01%
Currency Options Trading Brokerage	1% of premium to flat ₹20 per lot
Commodity Futures Trading Brokerage	0.04% to 0.01%
Commodity Options Trading Brokerage	1% of premium to flat ₹20 per lot

IIFL Demat Account Charges

Demat Account Opening	Free
Demat AMC Charges	Free
Trading AMC Charges	Free
DP Charges	CDSL: ₹25.5
	NSDL: ₹24.5
Dematerialisation Charges	₹15 per certificate + ₹40 as postal charges
Rematerialisation Charges	₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier
Pledge Creation Charges	₹50
Pledge Invocation Charges	NIL

Margin

Equity Delivery	Upto 3x (18% Annual Interest)
Equity Intraday	Up To 15x
Equity Futures	Upto 3x
Equity Options	3x for shorting
Currency Futures	Upto 2x
Currency Options	2x for shorting
Commodity Futures	Upto 3x

IIFL Trading Platforms

IIFL Markets App – The app that goes by the name “IIFL Markets” has recorded the highest number of downloads (more than 10 Lakh downloads) for a stock market app in India.

The app is available on the Play Store (For Android users), App Store (For iOS users), and Microsoft Store (For Windows users).

The user-friendly app interface allows investors to place, cancel, and modify trade orders, apply for IPOs, and get access to free research reports, tips, news through in app notifications.

IIFL TTWeb – IIFL Securities Trader Terminal Web is their application that can be accessed through the web, which goes by the name of IIFL TTWeb. There is no need to download or install anything in order to run this app.

All you need on your computer, laptop, or even on your mobile phone is a compatible browser.

IIFL TT is a complete tool that facilitates the investors to trade and invest in various financial instruments such as:

Stocks
Derivatives
Commodities
Insurance
FDs
Currency/Forex
IPO
Bonds

IIFL TT.Exe – As the name suggests, this is an EXE file that needs to be downloaded from IIFL Securities secure website and then installed on your windows-based computer, laptop, or desktop.

This high-performance trading app has multiple features to offer to its trader base, including:

Real-time market quotes with a provision to add scrips in custom watchlists
Buy and sell order window just a click away across the trading app
Quick order execution
Smooth user experience for feature navigation and analysis
Security measures to combat any potential malware issues
Single sign-on available

IIFL TT Iris – IIFL TT Iris is a software that assists an investor in making investment decisions. Essentially, this software helps an investor in analyzing the fluctuations in the trade market.

Among others, the stand out feature of IIFL TT Iris is its ability to track scrips listed in the equity and F&O.

Further, the software can prove beneficial for traders in structuring their strategies as an investor can always test them on a small group of scrips and optimize the portfolio of their stock.

IIFL Mutual Fund App – IIFL Securities has a mutual funds app specifically aimed to cover all mutual funds related to trade, real-time news, analysis in addition to many other facilities.

Investors can trade in mutual funds through the app, and track the same. Another interesting thing about the app is that it is even accessible to users who don’t have a demat account with IIFL Securities.

Pros

Availability of multiple brokerage plans
SIP facility in equity, commodity and mutual funds
Multiple Trade Terminals with support of desktop, web and mobile
After Market Order Facility
NRI services available
Facility to invest in multiple segments
Wide Network branches across India and abroad

Cons

It is not 3-in-1 demat account
Demat debit charge is 0.05% per debit transaction

Angel Broking – Review

Angel broking, also a full-service stockbroker, was established in 1987. It also has memberships with different exchanges such as BSE, NSE, MCX, NCDEX. Angel broking is famous for the mobile trading app. Key features of Angle Broking are given below.

Angel Broking Key Features

A single demat account for share, mutual funds and bonds
Expert research and stock advisory services available
Simplified Trading Platform
One-click account opening digital process
Knowledge Center facility for learning

Angel Broking Charges

Brokerage Plan

Equity Delivery Brokerage	₹0 (Free)
Equity Intraday Brokerage	Flat ₹20 per executed order
Equity Futures Brokerage	Flat ₹20 per executed order
Equity Options Brokerage	Flat ₹20 per executed order
Currency Futures Trading Brokerage	Flat ₹20 per executed order
Currency Options Trading Brokerage	Flat ₹20 per executed order
Commodity Futures Trading Brokerage	Flat ₹20 per executed order
Commodity Options Trading Brokerage	Flat ₹20 per executed order

Angel Broking Demat Account Charges

Demat Account Opening	Free
Demat AMC Charges	Free or Rs.300 per Annum (depends on the initial margin)
Trading AMC Charges	Free
DP Charges	CDSL: ₹23.60
	NSDL: NA
Dematerialisation Charges	₹20 per certificate
Rematerialisation Charges	₹30 + Actual CDSL charges
Pledge Creation Charges	₹25 per ISIN (₹50 per ISIN for BSDA Client

Angel Broking Margin

Equity Delivery	Up to 6x
Equity Intraday	Up to 40x
Equity Futures	Up to 4x
Equity Options	3x for shorting
Currency Futures	Up to 2x
Currency Options	Up to 2x
Commodity Futures	3x

Also Read – Zerodha Vs Angle Broking – Stock Broker Comparison – Review

Angel Trading Platforms

Angel Broking App

Angel Broking App is smartphone app trading and investment. This app is powered by artificial intelligence. It runs rule based investment engine to get personalized stock recommendation. You can track your portfolio at single place. This app provides easy trading option. You can trade at any time with a click of a button.

Angel BEE

Angle BEE is Mutual fund app by Angel Broking. You can invest in mutual fund using this app effortlessly. In addition to making investment in mutual funds you can view your active SIP, transaction portfolio & equity investment on this app. This app also provides facility of expense tracker.

Angel SpeedPRO

Angel SpeedPRO is trading software that runs on your desktop. You can get single window trading experience along with speed and monitoring facility on this platform. It provides real time streaming rates for instant trading. You can monitor your portfolio as well as invest in mutual funds using SpeedPRO. It is simple and easy to use application.

Pros

Faster dematerialization process of equity
Operating of multiple family member accounts with a single id
UPI based payments facility offered
Advisory is advance with making use of AI

Cons

Only single flat brokerage plan
The web-based platform is made for the advanced user (Complex)
A lot of messages on stock advice and tips

IIFL Vs Angel Broking Comparison

Final Takeaway

IIFL & Angel Broking both are equally good. However, IIFL is superior as it offers multiple brokerage plan and also provide NRI services. It also provides very good customer support this includes Chat support and Toll Free Number. Angle broker is superior in terms of UPI based payment facility & advisory services.

Which one is best for you IIFL or Angel Broking?

*Note- All information given above is collected from the stockbroker website as on 1/8/2020. The account opening charges, margin, and other fees, etc can vary from time to time. You are requested to refer to the stockbroker website for the latest information.

10 Ways to Increase Credit Card Limit

Credit Cards

Shitanshu Kapadia

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July 30, 2020

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Credit Card Limit – Credit card is one of the most popular payment instrument nowadays. We can’t imagine our life without plastic-based credit card. The credit limit is an important part of a credit card. A credit limit is the maximum amount of credit that is given to the customer. If you have fully consumed your credit limit you will not able to use your credit card till the time credit card limit is restored. You need to pay your dues to restore your credit limit. Another alternative is to increase the credit card limit.

A higher credit card limit means higher purchasing power. An increase in credit limit means an improvement in your CIBIL score. If you have consumed your credit limit and you want to increase it. Here is readymade help. I am herewith 10 proven ways to increase the credit card limit.

10 Ways to Increase Credit Card Limit

#1 Increase your Fixed Deposit

One of the easiest ways to increase your credit limit is by making more investment in the fixed deposit. This works in most cases, especially if the credit card is secured credit card and issued against a fixed deposit.

This means if you add more amount to your fixed deposit or increase investment in the fixed deposit your credit limit will be increased. Generally, the card limit in a secured credit card is linked with a fixed deposit and it is 80% of the total investment.

#2 Improve your CIBIL Score

Another way to increase your credit limit is by improving your CIBIL score. Your CIBIL score indicates your financial credibility. A credit score is seen by banks and credit card companies while lending money.

Higher the CIBIL score better is your chance to increase the credit limit. You can refer to my earlier post explaining – 7 ways to improve your Credit Score.

#3 Ask for Credit Card Upgrade

You can also increase your card limit by asking for a card upgrade. You need to ask your bank about your eligibility for upgrading your current credit card. The upgrade in credit card purely depends on your payment history and relationship with the bank. The credit card upgrade works fine in most of the cases. However, you need to consider additional annual fees applicable to the credit card upgrade.

#4 Request for Limit Increase

You can also request the bank for a limit increase. Many banks provide online options for increasing the credit limit. Whenever bank receives such request they will check your CIBIL score, past payment history, and your current monthly income. Bank may ask proof of your current monthly income. This is to assess your creditworthiness. If you have maintained good credit history your request will be accepted.

#5 Apply for a new credit card with a higher limit

Another way to increase your credit limit is by applying for a new credit card with a higher limit. You can apply it to the same bank or another bank. Again approval of your new credit card with a higher limit is based on your CIBIL score and your present income. This strategy will work only if you have one or two credit cards. If you have multiple cards it may not work. If you are finding difficulty in selecting a new credit card you can refer to my earlier post – Best Credit card for 2020-21 – Top Credit card picks.

#6 Use credit card for doing foreign currency transactions

If possible, use your credit card for making foreign currency transactions. It is one of the simplest ways to increase your credit card limit. Bank charges foreign currency mark up fees on foreign currency transactions. The charges go up to 3.5%. It is a very good source of income for the bank. Hence, banks are looking for people who are purchasing things in foreign currency. Bank will increase the credit limit for these types of customers easily.

#7 Show your Income Increment

You can also increase your credit limit by showing your income increment. Whenever you got an increment in the job, you can approach the bank asking for credit limit enhancement. As banks will see your income increment proof they will be happy to enhance your credit limit.

#8 Use your credit card frequently

It may sound unusual but it is true that if you use your credit card frequently and repaying your bills on time you are likely to get card limit enhancement. If you are not using your credit card or using it for only a few transaction bank may feel that you don’t need enhancement in the credit limit. However, when you use your card frequently make sure not to utilize your credit limit above 70%. This may adversely affect your credit score.

#9 Opt for Secured Credit card with higher Limit

The next full proof way to increase your credit limit is opting for a secured credit card with a higher limit. A secured credit card is issued against a fixed deposit. You need to make a fixed deposit equal to 80% of your credit limit for these types of cards. For more information, you can go through – 7 Credit Cards against Fixed deposit

#10 Wait for Automatic Limit Enhancement

If none of the above options work for you can do nothing but wait for automatic limit enhancement. Many banks review the customer credit card usage and credit score periodically and send a request to the customer for the automatic limit enhancement.

Over to you –

I hope you must have tried for enhancing your card limit. I request you to share your experience and method that worked for you in the comment section given below.

Algo Trading – Should you opt for Algo Trading?

Stock Market

Shitanshu Kapadia

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July 28, 2020

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Algo Trading – Should you opt for Algo Trading?

Imagine sipping a hot cup of chai while a robot tirelessly scans markets, executes trades, and potentially grows your wealth—all without you lifting a finger. Sounds like something out of a sci-fi flick, right? Well, welcome to the real world of Algo Trading—short for Algorithmic Trading—where mathematical models, lightning-fast computations, and strategy-driven bots are changing the game.

Algo Trading is automated trading done using computer programs. The Algo trading platform takes decision of trading decisions based on market data and pre-defined parameters. Algorithm trading eliminates the need for manual intervention. This type of trading is generally used by professional traders who understand in and out of trading. It is the least popular trading technique in India. In this post, we will discuss Algorithmic Trading in detail, including key features, advantages, disadvantages, and various trading platforms.

What is Algo Trading?

Algo Trading is an abbreviation of Algorithmic trading. As the name indicates, it is a method of using various pre-defined algorithms and computer programming for doing stock trading. There are various parameters involved here, such as time, price, volume etc. This type of software uses artificial intelligence for faster data processing and complex calculations.

The concept of algorithmic trading is very simple and logical. The steps are think your trade, make code, test, and make various rules, execute your trad,e and follow the rules.

As you are not familiar this term may sound unusual to you. However, believe me algorithmic trading isthe future of stock market trading.

It is highly technology-driven concept and is provided by very few stock brokers.

At its core, Algorithmic Trading refers to the use of computer programs to execute trading orders based on pre-defined criteria like timing, price, volume, and market patterns. Instead of a human clicking “Buy” or “Sell,” it’s all automated. These algorithms can be ultra-simple (like moving average crossovers) or mind-bendingly complex (involving AI, ML, and statistical arbitrage).

Some common types of Algo Trading strategies:

Trend Following (like moving averages)
Arbitrage (price differences in two markets)
Market Making (profit from the spread)
Mean Reversion (buy low, sell high based on historical average)
News-Based (reacting to breaking headlines)

Also Read – Zerodha Kite – Online Trading Platform Review

Key Features of Algorithmic Trading

This type of trading can be use for creation of testing of various quantitative strategies. It can be used of stock trading, forex, future as well as crypto currencies.
You can get access to all types of market data including indicators. It will help in deciding or formulating strategies.
It is fully automatic and powered by artificial intelligence. Thus eliminate emotional quotient and remove all type of trading biases.
This trading helps you to cut down human labor. It also helps you to save your time as everything is automated.
It gives very good user interface and detail reports for analysis and strategy development.
There are many algo trading software out there that support multiple instruments and markets to facilitate a wide range of trading strategies.

Advantages of Algo Trading

Algo Trading is emotionless trading. It helps traders to keep their emotional quotient aside while making trading decisions.
This type of trading helps traders manage multiple open positions. Thus, it is possible to manage high-volume trade using this option.
Trade rules are already defined and executed automatically. It brings trade discipline and works in a highly volatile market.
It is a highly scalable model where you can scale up to multiple levels.
As it is an automatic trade method, you will never miss an opportunity to trade.

Disadvantages of Algo Trading

Automatic programming is used in this type of trade. Any technical error or programming mistake creates a major problem with trading.
Although it is automatic trading, you will need to monitor your trade frequently. You cannot fire and forget. There are multiple dependencies, such as connectivity, mechanical failure, computer crash, etc.
You will need higher capital in order to start this type of trading.

Algo Trading vs. Manual Trading

Feature	Algo Trading	Manual Trading
Speed	Microseconds	Minutes or more
Emotions	None	Tons of them!
Scalability	High	Limited
Flexibility	Low (unless re-coded)	High
Cost	High upfront, low ongoing	Low upfront, high ongoing
Learning Curve	Steep	Moderate

Algo Trading Platforms in India

There are very few stock brokers that offers algo trading platforms in India. Few popular algorithmic trading platforms are –

Zerodha Algoz Platform
Zerodha Streak Platform
5Paisa Algo Trading Platform
Alice Blue Trading Platform
Reliance Tick Trading Platform
Arihant Capital Trading Platform
SMC Global Trading Platform
Fox Trader Platform
Mastertrust Trading Platform
Nirmal Bang Algo Trading Platform

Should you use Algo Trading?

Algo trading is very good automatic platform for doing trading. You can make use of this platform for making money via trading. However, you should make use of this platform carefully. As it is automatic trading powered by calculations it is risky.

Please note that this type of trading is not advisable for beginner. The trade is complex in nature where multiple strategies are involved. It cannot be grasped or learned easily.

If you are experienced or professional traders with very good understanding of risk and rewards in the stock market you can use this trading. Additionally, if you have expertise in technical analysis and you want to automate your trading you can use this trading. Wealth managers use it for automating trade on behalf of clients.

If you want to learn Algo Trading and become trading professional, you can start with books. There are many algorithmic trading books available in the market. You can also refer to online webinars, podcast, online portals. You can also learn from professionals.

Risks and Regulatory Warnings You Can’t Ignore

SEBI’s Take on Algo Trading

SEBI has been cautiously optimistic about algorithmic trading. While there are no outright bans, it mandates brokers and platforms to follow strict surveillance and approvals for strategy-based trades—especially to avoid market manipulation and flash crashes.

Risk Management 101

If you’re going to play this game, you better have your safety nets ready:

Use stop losses and circuit breakers
Test with paper trading before going live
Limit position sizes
Regularly audit and update your code

Frequently Asked Questions (FAQs)

1. Is Algo Trading legal in India?

Yes, it’s legal. SEBI has provided guidelines to ensure fair and safe usage among retail and institutional traders alike.

2. Do I need to know coding to start algo trading?

Not necessarily. Platforms like Zerodha Streak and Tradetron allow non-coders to automate strategies using visual interfaces.

3. Is algo trading risk-free?

Absolutely not. While it removes emotional errors, technical glitches, faulty strategies, or poor risk management can lead to losses.

4. How much money do I need to start?

It varies. Some brokers allow minimum investments as low as ₹5,000 for backtesting, but full-fledged algo deployment may need ₹50,000–₹1,00,000.

5. Can I use algo trading for cryptocurrencies?

Yes, many platforms now offer algorithmic crypto trading. However, volatility is higher, so tread carefully.

6. Which language is best for writing algos?

Python is the most beginner-friendly and widely supported. It’s great for data handling, backtesting, and API interactions.

7. Are profits guaranteed with algo trading?

Nope. Just like manual trading, there’s no magic bullet. Backtesting might look pretty, but the real market often surprises everyone.

8. How often should I tweak my algorithm?

Whenever market conditions change drastically. Quarterly reviews are a safe bet.

Conclusion

Let’s wrap it up without beating around the bush—algo trading is no get-rich-quick scheme. It’s a tool, not a magic wand. If used right, it can streamline your trading, give you an edge, and free you from the emotional rollercoaster. But it also demands discipline, research, and continual refinement.

So, if you’re thinking, “Should I opt for Algo Trading?”—remember, the answer lies not in the code, but in your mindset.

20 Profitable Automobile Business Ideas

Business Ideas

Shitanshu Kapadia

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July 26, 2020

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20 Profitable Automobile Business Ideas – The automobile industry is an evergreen industry. Every vehicle demands maintenance and replacement of spare after few years of usage. The business trend shows that automobile business is growing at a faster pace compared to any other business. The main reason is an increase in vehicle population due to commutation requirement. People prefer own vehicle instead of using public transportation. A growth in vehicle requirement is the main driving factor behind automobile business.

If you are planning to start automobile business and looking for good business opportunity or business ideas. Here are 20 Profitable Automobile Business Ideas that will help you to generate very good income from your business.

20 Profitable Automobile Business Ideas

Car Wash Business

A first highly profitable automobile business idea is mobile car wash business. It is a moderate investment business. In order to start this business, you require suitable place and equipment for car washing. You also need unskilled manpower for this requirement. If you are running out of space, you can think of starting mobile car wash business also.

Mobile Oil Change and Servicing

Every vehicle demands oil change and servicing. Thus starting a business related to oil change and servicing would be profitable affair. You just need knowledge about changing oil and doing servicing. You can even hire person in order to perform this task.

Wheel Alignment Services

Wheel Alignment is next among profitable automobile business ideas. Every four wheeler requires wheel alignment at regular interval. Thus starting a wheel alignment servicing business makes sense. You require small shop and machine for wheel alignment and balancing. The cost of one such unit is around 4 lakhs. You also need suitable manpower for extending services.

Also Read – 50 Small Business Ideas Low Investment High Profit

Battery Reconditioning Business

Another automobile business is battery reconditioning. This business demands suitable skill. You need to understand how to disassemble and remove battery bank, how to rejuvenate dead cell etc. Reconditioned battery has very good market. You can earn lot of money from this business.

Battery dealer

Battery dealer is a vendor that deals in batteries. In this business, you need to establish shop and sell batteries required for two wheelers and four wheelers. You can do tie-up or take dealership of specific brand.

Car Customization

Car Customization is among one of the top automobile business ideas. Car customization means altering exterior and interior of car. Apart from that replacing the engine and transmission also falls under this category. This business required extraordinary skill and lot of money for investment.

Old Car Buy Sell

Old car buy and sell is one of the simplest form of business idea. This business does not demand any investment. In this business, you need to help seller to meet buyer and charge commission for every deal.

Motor Driving School

One of the big investment automobile business is motor driving training school. You require number of cars and drivers who can teach car driving to the customer. You need to spend lot of money for establishing motor driving school.

Vehicle Towing Service

Vehicle towing services are required in the case of break down or accident. There are different types of towing services like accident vehicle towing service, non-damaged vehicle towing, breakdown vehicle services etc. Every service requires different type of crane or towing vehicle. You need to specialized and provide prompt service in a wider region to succeed in this business.

Automobile Spare Part sell

Automobile spares are always in demand. This is mainly due to increase in repair, breakdown and maintenance. If you have knowledge in automobile spare you can start automobile spare part sell business. It is highly profitable business.

Dent Removal Services

Dents are very common in almost every car. Dent removal services means repairing and removing dent. This service can be offered in a shop or as a mobile service. This business requires deep knowledge about dent removal or repair. It also demands several repair tools.

Car Accessories

Car Accessories business is one of the most popular automobile business ideas. New and old both car requires certain mandatory accessories such as seat cover, car cover, air freshener, cleaning kit, car charger etc. In addition to that many people opt of other expensive accessories also. Thus starting a car accessory business is one of the highly profitable business option.

Vehicle Registration Agency

Vehicle registration agency is another automobile related business option. In this business, you need to tie up with car dealer so that every new car vehicle registration is completed via your agency. You need to charge fix amount for every registration.

Car Insurance Business

Next lucrative automobile business is car insurance business. As per rule, it is mandatory to purchase car insurance for every car owner. If you have knowledge in insurance field you can start your own car insurance business. You need potential customer who is ready to purchase car insurance via your agency.

Automated Mobile Car Wash

Running a mobile car wash business is a smart way to make money without taking much risk of capital investment. The business also eliminates the requirement for a retail business location.

Mobile Mechanic Services

Vehicle breakdown always need mechanic for applying quick fix. If you have trained manpower who can fulfill this requirement you can start mobile mechanic service business. This business does not require retail business location you can even operate from home.

Automobile Spare Manufacturing

If you are expert in manufacturing auto parts and capable of investing lot of money you can start automobile spare manufacturing business. A quality of product and price is major factor in determining success of this business.

Motor Bike Dealership

A business that demands heavy investment is motorbike dealership. As a dealer, you can choose to start a franchise with a popular brand such as Hero or start your own independent shop with new and used motorcycles.

Car Dealership

If you love car, you can plan to become car dealership. Similar to motorbike this business also requires heavy investment. Availability of proper finance, a good location, possible contact with a franchisor, and business knowledge are key for the success of car dealership business.

Cab and Car Renting Services

Giving car on rent is one of the most popular way of earning money. There are many people who opt for taking car on rent while going for vacation or during occasion such as marriage etc. You need to invest money for buying a car. You will also need good drivers. You can charge on per kilometer basis.