The title depends on the metric. Radhakishan Damani is the wealthiest stock market trader and investor with a massive net worth. However, the late Rakesh Jhunjhunwala is widely regarded as the No. 1 trader by fame, legacy, and retail influence, famously known as the Big Bull of India.

Radhakishan Damani, the founder of DMart (Avenue Supermarts), is considered the richest trader and investor in India. His current estimated net worth stands at over Rs. 1.75 Lakh Crores.

Rakesh Jhunjhunwala began his journey in 1985 with a meager capital of just ₹5,000, while the BSE Sensex was at 150 points. He utilized highly leveraged short-term trades to build his initial capital pool, which he then deployed into masterstrokes like Titan.

The best Demat account depends on your needs. For beginners seeking zero brokerage on delivery and clean UI, discount brokers like Zerodha, Groww, or Upstox are highly recommended. You can check out our detailed guide on the top 10 Demat accounts to compare features and charges.

The SMILE principle stands for: Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential. It is a highly successful framework he uses to identify multi-bagger mid and small-cap stocks.

While intraday trading can be profitable for highly disciplined professionals, a recent SEBI report noted that 9 out of 10 individual traders in the F&O (Futures and Options) segment incur net losses. Building sustainable wealth generally requires a long-term investment horizon.

You can technically start investing in the Indian stock market with as little as ₹100 to ₹500 via fractional mutual funds or penny stocks. However, a practical starting capital for direct equity investing with proper risk management is usually around ₹5,000 to ₹10,000.