Nifty 17401.65 (0.00%)
Sensex 58461.29 (1.35%)
Nifty Bank 36508.25 (0.00%)
Nifty IT 36157.85 (2.06%)
Nifty Financial Services 17982.9 (1.26%)
Adani Ports 739.10 (4.40%)
Asian Paints 3180.60 (1.35%)
Axis Bank 676.10 (-0.52%)
B P C L 378.85 (2.74%)
Bajaj Auto 3328.40 (2.43%)
Bajaj Finance 7180.50 (2.01%)
Bajaj Finserv 17758.15 (2.16%)
Bharti Airtel 732.55 (1.43%)
Britannia Inds. 3578.50 (1.22%)
Cipla 921.25 (-0.74%)
Coal India 159.30 (2.41%)
Divis Lab. 4777.30 (0.53%)
Dr Reddys Labs 4662.75 (1.22%)
Eicher Motors 2451.55 (0.54%)
Grasim Inds 1723.85 (2.63%)
H D F C 2807.80 (3.85%)
HCL Technologies 1184.70 (2.42%)
HDFC Bank 1525.75 (1.40%)
HDFC Life Insur. 705.30 (1.65%)
Hero Motocorp 2472.70 (1.00%)
Hind. Unilever 2383.30 (1.64%)
Hindalco Inds. 432.10 (1.69%)
I O C L 120.65 (2.51%)
ICICI Bank 722.40 (-0.73%)
IndusInd Bank 945.55 (1.27%)
Infosys 1748.25 (1.94%)
ITC 225.45 (1.60%)
JSW Steel 646.75 (1.50%)
Kotak Mah. Bank 1964.25 (0.56%)
Larsen & Toubro 1789.20 (0.18%)
M & M 849.55 (1.78%)
Maruti Suzuki 7324.95 (0.71%)
Nestle India 19503.20 (0.54%)
NTPC 128.70 (0.78%)
O N G C 144.00 (1.23%)
Power Grid Corpn 214.50 (3.52%)
Reliance Industr 2482.85 (0.64%)
SBI Life Insuran 1188.05 (1.99%)
Shree Cement 26289.80 (0.76%)
St Bk of India 477.00 (0.36%)
Sun Pharma.Inds. 766.25 (2.80%)
Tata Consumer 773.25 (0.06%)
Tata Motors 479.10 (0.81%)
Tata Steel 1112.40 (2.76%)
TCS 3642.90 (1.82%)
Tech Mahindra 1629.65 (2.65%)
Titan Company 2386.50 (1.11%)
UltraTech Cem. 7323.20 (0.01%)
UPL 698.20 (1.12%)
Wipro 646.80 (1.89%)

IRCTC Asked to Share 50% Convenience Fee

IRCTC Allowed to Retain 100% of Convenience Fee
by 5paisa Research Team 30/10/2021

In a high level meeting between the top officials of the IRCTC and the Railway Board, the Ministry of Railways decided to withdraw the decision to ask IRCTC to share 50% of the convenience fee charged from customers on online ticketing. The new rule was to be effective from 01-November but now stands withdrawn.

The secretary of DIPAM, the disinvestment body, Mr. Tuhin Kant Pandey clarified that the decision to ask IRCTC to share 50% of the convenience fee on railway ticketing with the government had been scrapped. This is a major source of revenues for IRCTC and is charged over and above the price of the ticket to finance the online interface.

It was a volatile trading day for IRCTC on the bourses. The stock opened weak on Friday after it had closed at Rs.913.75 on Thursday. However, once the implications of the 50% sharing became evident the stock dropped all the way to Rs.650 on the BSE, a fall of nearly 29% from previous close. However, after the clarification hinted by the government, the stock bounced back and closed at Rs.845.65, still with a loss of 7.45%.

In terms of market cap loss, IRCTC has already lost 33% falling from Rs.100,000 crore in early October to Rs.67,000 crore currently. Even after this sharp fall, the stock quotes at a P/E ratio of 49X and a price to book value of 9.97. Here is why the 50% share could have been significant hit on the numbers of IRCTC.

Sharing of convenience fee is nothing new. The convenience fee was shared 20:80 in FY15 and in that year convenience fees had generated Rs.253 crore. In the next year, the sharing arrangement was moved to 50:50 and the total convenience fee related revenues was Rs.562 crore. Between 2017 and 2019, the convenience fee practice was discontinued.

In the year 2019-20, IRCTC re-introduced the convenience fee to compensate for some of the losses caused by COVID lockdowns. However, at that point, the Railways waived off its share and IRCTC was allowed to retain the full amount of Rs.352 crore in 2019-20 and Rs.299 crore in 2020-21. In the first 5 months of FY22, IRCTC has already earned Rs.224 crore as convenience fee.

The moral of the story is that the 50:50 sharing would have been a huge revenue and profit dent for IRCTC. That has now been set to rest with the Railways confirming that there will be no convenience fee sharing for now.

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SEBI comes out with New Trading Guidelines for MF Employees

SEBI comes out with New Trading Guidelines for MF Employees
by 5paisa Research Team 30/10/2021

In the light of the Templeton fiasco last April and the subsequent SEBI order on the role ostensibly played by the senior managers of the fund, SEBI has opted to tighten the screws. It has barred employees and directors of AMCs and trustees of the fund from buying or selling units when having non-public information like pertaining to winding up of schemes.

In the case of Templeton, which had shut down 6 funds citing illiquidity, it was later found that the senior managers and their family members had redeemed units of the fund just ahead of the winding up announcement. That was a clear case of misuse of information at the cost of existing unit holders and SEBI wants to tighten the screws on this side.

The complete list of dos and don’ts are expected to be communicated explicitly to the funds. However, for starters it does appear like any connected person having some degree of inside information about the change in investment objectives, major defaults, major liquidity crisis in the fund, major redemptions etc must not indulge in buying and selling units of these funds.

Currently, the code of conduct for mutual fund directors, employees, fund managers and traders only extend to the actual buying and selling of underlying shares. There is no mention of the transactions on mutual fund units. Under the new dispensation, such rules and code of conduct will extend to the units of the specific fund too.

For example, currently employees of the fund are only required to report to the compliance officer about any purchases or sales of stocks on a regular basis. However, going ahead, they will also have to report any buying and selling in units of the mutual fund to ensure that there is no trading ahead of any news flow. Such compliance reporting will have to happen on a weekly basis.

The idea is to ensure that the interests of the key employees of the mutual fund are aligned with the long term interests of the unit holders of the fund. Under this alignment principle, a stipulated percentage of compensation shall be paid in units of the mutual fund to ensure skin in the teeth for these personnel.

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Looking for Value Investing? Find Out Cheap Shares to Buy Here!

share market stock
by 5paisa Research Team 01/11/2021

Since the Indian stock market has recovered from its recent losses and the Sensex and Nifty have hit new highs in this financial year, investors may be interested in searching for investment possibilities.

The ideal strategy, according to theory, is to find the best low-priced shares to purchase right now, while the market is turbulent. These are the stocks that have the potential to become multi-baggers in the future.

Here is a list of the 5 cheap shares to buy in the Indian stock at absolutely throw-away prices. Let’s get right to it!

 

5 Cheap Stocks to buy on the Indian Stock Market


1. South Indian Bank Ltd.


The bank's headquarters are in the Keralan city of Thrissur. A total of 857 branches and 54 ext. counters and 20 regional offices in over 27 states and 3 union territories make up South Indian Bank Ltd. in India. Around 1334 ATMs and 42 bulk note acceptor/cash deposit machines have been set up all across India by this firm.

Financial inclusion is being implemented by South Indian Bank Ltd., which has so far reached over 100 villages and about 15 urban areas throughout the states of Kerala, Andhra Pradesh, Tamil Nadu, and Chhattisgarh and established around 11 unique FLC centers on the bank premises as of March 2019.

In the banking industry, South Indian Bank Ltd. could be an excellent investment if you're searching for long-term profits. This bank has been steadily increasing its performance in retail lending, which is where it plans to concentrate its efforts going forward.

 

2. Sanwaria Consumer Ltd.


As a part of the Sanwaria Group, Sanwaria Consumer Ltd. was formed in 1991 and officially opened for business in 1993. One of India's largest integrated food processing companies, Lt. Shri Ram Narayan Agrawal founded it, is engaged in the production and sale of FMCG products like rice, edible oil, pulses, and sugar, as well as flours like wheat and rice.

For the first time, the business is selling its product directly to consumers by establishing small retail stores called 'Sanwaria Kirana,' which are the size of an ATM. At Mandideep, Itarsi, and Betul, three manufacturing facilities of Sanwaria Consumer Ltd. are strategically situated in the Indian consumer food production and consumption belt. The business is also active on the international market, importing and exporting a wide range of goods.

3. Vodafone Idea Ltd.

With a mission to "deliver world-class digital experiences to connect and inspire every Indian to achieve a better future," Vodafone Idea Ltd. is one of India's biggest telecommunications providers. As of August 31, 2018, Vodafone India and Idea Cellular were amalgamated into one company, although the combined company continues to use both the Idea and Vodafone brands.

The Vodafone Group now owns 45.1% of Vodafone Idea Ltd., the Aditya Birla Group owns 26.1%, and the public will own the remaining shares. The merged company is headed by Mr Kumar Mangalam Birla as Chairman and Mr Balesh Sharma as CEO.

4. GMR Infrastructure Ltd.

Bangalore-based GMR Group Ltd. was founded by Grandhi Mallikarjuna Rao in 1978 and specialises in building infrastructure. Several infrastructure projects have been undertaken in India using the Public-Private Partnership (PPP) concept. It began in the agricultural sector by establishing small jute, sugar, brewery, etc. businesses and gradually expanded into the Infrastructure sector during the last decade.

These days, the GMR group's focus is on airports as well as the energy industry as well as transportation infrastructure in urban regions. Aside from Nepal, Indonesia, Singapore, and the Philippines, the GMR Group has infrastructure assets and projects all over the world.

5. Bank of Maharashtra


The Government of India (GOI) owns 87.01 per cent of the Bank of Maharashtra, one of India's largest PSBs. As of March 2018, it serviced more than 15 million consumers spread over 2000 locations around the nation. In addition, it has the most branches of any PSB in Maharashtra.

There were Rs. 15,509.36 Crore in gross non-performing assets (NPAs) declared by the business (17.31 per cent of total assets) and Rs. 1,663.12 Crore in interest income on their own (up 1.19 per cent from last quarter). Due to excessive expenses, the bank recorded a net loss after tax of Rs. 3,764 crore in the third quarter of 2018.

Conclusion

Small-cap stocks, such as those trading under Rs. 20, tend to be more volatile in price than larger-cap companies. Given the massive devastation that the stock has previously through in the recent past, the downside risk is extremely minimal in the majority of instances. So keep in mind that if you hold any of these investments for an extended length of time, you may stand to profit handsomely.

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Top 10 Share Market Investors in India (With Quotes)

 Top 10 Indian Share Market Investors
by 5paisa Research Team 01/11/2021

Stock market participants all have the same hopes and aspirations. Almost everyone aspires to achieve financial success, like the world's wealthiest investors, including Warren Buffet, Rakesh Jhunjhunwala, and Jeff Bezos. Long-term, everyone wants multi-baggers with stock returns of 5x, 10x, or 20x.

In the stock market, like in any other area of your life where you spend your time, patience, money, and so on, identifying such stocks or items is critical. However, this isn't something that everyone can do. So, we have compiled a list of investors and their share market quotes who have made it big in the Indian stock market. Let's get started, shall we?

Top 10 Indian Share Market Investors

1. RadhaKishan Damani

According to the business community, Mr Radhakishan Damani is a wise investor in the Indian stock market who's created a firm that's always working to better understand consumer requirements and provide them with the appropriate solutions.

DMart was developed by Mr Damani, a staunch believer in the foundations of business and strong ethical values, into an effective, big, and lucrative retail chain, which is widely appreciated by customers, partners, and workers alike

One of India's most successful and well-known value investors, Mr Radhakishan Damani, was already well-known. He had a deep knowledge of the Indian consumer market and its psychology thanks to his investment approach.

2. Rakesh Jhunjhunwala

In addition to being known as "India's Warren Buffet" and "The Big Bull," Rakesh Jhunjhunwala is one of India's most renowned and helpful stock market analysts.

Born to a salaried officer, Rakesh entered the stock market after graduating as a contractual bookkeeper. He now trades shares. From a little investment of Rs 5,000, he's already amassed a fortune of around Rs 15,000 crore in assets.

"Rare Enterprises" provides the resources used by Mr Jhunjhunwala. It was an amalgamation of his significant other's name and his own initials, so it was given that name.

Re-kha and Ra-kesh, to be precise. He's presently working at Aptech Limited as an executive. Hungama Digital Media Entertainment Pvt Ltd, another employer, is where he finds employment as well.

3. Ramesh Damani

Investor expert Ramesh Damani, one of India's finest stock market financial professionals, started his wealth-building career when the Sensex was at 600 in the 1990s. Damani graduated from HR College in Mumbai with a bachelor's degree and went on to get a master's in business administration from California State University, Northridge (BBA)

Ramesh Damani Finance Pvt Ltd. is the company he presently interacts with. In 1989, Ramesh Damani, the son of a successful stock market analyst and investor, became a member of the Bombay Stock Exchange (BSE).

Ramesh had planned a career as a stockbroker. Nevertheless, he became a long-term speculator when he started to enjoy selecting successful stocks.

4. Ramdeo Agrawal

The Indian securities and exchanges finance expert Raamdeo Agrawal is well-known in the industry. He also has a lot of faith in the Motilal Oswal Group. In 1995, he pumped money into Hero Honda, a well-known Indian business with a market value of just INR 1000 crores at the time.

For 20 years, Raamdeo Agrawal held onto his Rs 10 lakh investment in the bike maker's shares at a price of Rs 30 per share, until the share price soared to Rs 2,600 per share. HERO has reached a market cap of around 73,000 crores today.

5. Vijay Kedia

Mr Vijay Kedia is an Indian financial expert who makes uncomplicated yet effective investments. He came from a family of stockbrokers and has a lifelong fascination with the financial market.

When he was only 19, he started trading equities on the stock exchange for the first time. He made a lot of money in his early years of trading, but he subsequently had to deal with enormous losses.

He then went out on his own, but this time he was a complete failure. After trading for just around 10 years, he realized he had nothing to show for his efforts and turned his attention to Investing. Mr Kedia discovered that he could make a contribution on his own, since finding out about Investing was possible only via very rare channels.

He started reading newspapers, journals, and annual reports of organizations while he was still in the learning phase of his career as a contributor, and this helped him develop his perspective.

6. Nemish Shah

Among other venture firms in India, Nemish Shah is a key backer of ENAM. He's also one of the country's finest small-time financial investors.

In many ways, Nemish Shah's approach to venture capital is similar to Warren Buffet's. He believes that investing in companies that make money through increasing usage is a sound strategy. Shah's stakes in Asahi India, a car glass manufacturer, have more than tripled in the last three years.

If the return on capital employed (ROCE) is less than 9%, investing in the company is not justified. The most important factor is how the association plans to develop in the future. When marketers raise money all the time, the value diminishes.

7. Porinju Veliyath

Indian stock market investor and retailer Mr Porinju Veliyath is exceptional. As a co-conspirator in his portfolio, he deals with the executive's company Equity Intelligence India Limited.

Mr Porinju Veliyath was born on June 6, 1962, in Kerala, India. Because he was born into a low-income household, he started working at the age of 17 to help support his parents and siblings.

He then relocated to Ernakulum, where he worked as a telephone administrator for the Ernakulum phone trade while doing his LLB at Ernakulam Law College. Since he was a child, he had been fascinated by the stock market. As a result, after graduating, he went to Mumbai to pursue his passion.

8. Dolly Khanna

Dolly Khanna, whose portfolio value was estimated at more than Rs 600 crore in November 2017, overexerted herself in the Indian stock markets a year ago. Rajiv Khanna, who invests in Rain Industries Ltd on behalf of his better half Dolly, has seen a return of over 577 per cent since 2017.

There are also additional multi-baggers in Dolly Khanna's plan, including NOCIL Ltd. (returning 171%) and PPAP Automotive (returning 342%).

9. Ashish Kacholia

Another financial expert renowned for his multi-bagger mid and small-cap selections, Ashish Kacholia, showed his tenacity last year.

NOCIL Ltd is a typical company that Dolly Khanna has in his collection. Nocil Ltd, the world's largest manufacturer of elastic synthetic compounds, has had its 2017 offerings increase by an astounding 172 per cent, as previously mentioned.

Ashish Kacholia's other multi-baggers include KEI Industries, which returned 204%, and APL Apollo Tubes, which returned 116% in 2017.

10. Chandrakant Sampat

Self-taught Sampat has spent decades honing his skill of evaluating business actions rather than what people anticipate from them. By then, it should be obvious that Sampat, who is now 86, is one of the country's most experienced and well-respected financial experts.

Sampat is concerned about the impact of monetary expansion on the world's finite normal assets. The information is missing, but we've shown to be keen.

Conclusion

These are some of the finest stock market investors who have made it big in the Indian stock market. All these individuals have a diversified investment approach and have won accolades for it. You can get a lot of information about choosing the right stock to invest in by analyzing the portfolio of these investors.

 

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Listing Requirements and Delisting - A Comprehensive Guide

Listing & Delisting: Key Requirements
by 5paisa Research Team 01/11/2021

Listing Requirements and Delisting - A Comprehensive Guide

Given the influx of IPOs, one of the most important concerns for investors is what are the qualifying requirements for an IPO in India. Basically, an IPO is a way for a business to raise money from the market by becoming public.

In FY 20-21, 60 Indian businesses, including small and medium-sized enterprises (SMEs), went public via initial public offerings (IPOs) on the country's two main exchanges, the Bombay Stock Exchange and the National Stock Exchange.

However, despite how accessible these exchanges are to businesses looking to list, there are criteria that must be met in order for a company to be considered for listing. Today, we'll examine the requirements for filing an IPO in India.

To get an IPO, a business must satisfy certain financial and legal criteria, as well as comply with other regulations. Aside from this, the post also discusses the factors that might lead to a stock being delisted from the Indian stock market. Let’s get started.

Eligibility Requirements for Listing a Stock

1. Paid-up Capital

The amount of money a business gets from shareholders in return for IPO shares is known as the paid-up capital. A minimum paid-up capital of 10 crores is required per the qualifying criteria for a business to apply.

Additionally, the company's capitalization (the issue price multiplied by the number of equity shares issued after the IPO) must be at least 25 crores.

2. Offerings to be Made in the IPO

As long as all of the basic criteria are fulfilled, the minimum share price in an IPO may be determined based on the company's post-IPO equity capital.

  • A minimum of 25% of each class of equity shares must be issued if the post-IPO equity share capital is less than Rs. 1600 crore
  • A proportion of equity shares equal to Rs. 400 crore rupees must be issued if the post-IPO equity share capital is more than Rs. 1600 crore but less than Rs. 4000 billion.
  • A minimum of 10% of each class of equity shares must be issued if the post-IPO equity share capital exceeds Rs. 4000 crore.

To avoid being delisted, companies must grow their public ownership to at least 25% within three years of their securities being listed on the market.

3. Financial Eligibility Requirements

  • For the previous three years, the company's net worth (assets minus liabilities) must have been at least Rs. 1 crore.
  • To be eligible, the business must have at least Rs. 3 crore in tangible assets in each of the three years before application. A maximum of 50% of these assets may be kept as monetary assets.
  • The past three years' average operational profit must be at least Rs.15 crore.
  • After changing its name, the business must have made at least half of its previous full-year income from the activity represented by its new name;
  • The company's current paid-up share capital must be repaid in full or the shares would be forfeited. The business planning to go public should not have any partially paid-up shares in its stock.

4. Miscellaneous Requirements

If a business wishes to be listed on a stock market, it must submit to the NSE three years' worth of annual reports. In the event that it decides to proceed with the listing criteria,

  • The Board for Industrial and Financial Reconstruction has not been notified about this business. (BIFR).
  • The cumulative losses that resulted in negative net worth have not wiped away the company's value.
  • No court-approved winding-up petition has been received by the business.

What is the Delisting of Shares?

Delisting occurs when a business chooses to stop trading its stock and withdraw its shares from the stock market. Private companies are formed when a public corporation discontinues trading in its common stock.

There is no delisting if a company's shares are accessible on several stock exchange platforms and are only withdrawn from one of them. Delisting refers to the process of removing stock from all stock exchanges where it is no longer possible for investors to trade it. Let's have a look at the various delisting processes.

1. Voluntary Delisting

This occurs when a business, on its own will, chooses to withdraw all of its shares from the market. All shareholders must be paid for all their shares in this kind of transaction. When the business's whole structure changes, a corporation enters voluntary delisting.

This may happen if an investor buys a majority stake in the business and then sells it to the company. Exchange rules may also be a factor, since they may make it difficult for the business to operate properly. Some companies delist all of their shares to keep things running smoothly.

2. Involuntary or Compelled Delisting

Involuntary delisting occurs when a regulator forces a firm to remove all of its shares from the market and put an end to trade. Involuntary or compulsory delisting of a company's shares may occur for a variety of causes or circumstances. Involuntary delisting of shares has a variety of causes, some of which are listed below:

  • Failure to comply with exchange rules may result in a company's delisting without notice.
  • It is necessary to delist stocks for six months when shares have traded inconsistently during the previous three years.
  • Delisting occurs involuntarily if the net value of a business is negative as a result of significant losses suffered in the previous three years.
  • Knowing why a company has chosen to delist helps us better comprehend the implications for shareholders.

Conclusion

Whether it is listing or delisting, there are several criteria that directors of a company need to adhere to. With the surge in IPOs coming in the latest financial year, it is crucial that you are familiar with the right information regarding the standard market practices. Having this information at hand makes you a better investor than you were yesterday. Keep investing! Keep growing!

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5paisa: Because Every Paisa Counts

5paisa: Because Every Paisa Counts
by Sheetal Agarwal 01/11/2021

Staying true to our promise of making investing simple and rewarding, we at 5paisa Capital Limited (5paisa) continue to find ways to delight you. Through our online platforms and mobile applications, we empower retail investors and high volume Do-It-Yourself (DIY) traders.

We are one of India’s fastest growing online broker and have added 3.4 Lakh customers during the September 2021 quarter. We now serve more than 2 Million happy customers and would like to extend our heartfelt gratitude to each one of them for putting their faith in us. 
 

FUN FACTS ABOUT US
 

2 Million+

200% growth

82% customers

90,000 Crore

Investors and Traders

New customers in FY21

Under 35 years of age

Average daily TO


These numbers are a combined outcome of our razor-sharp focus on remaining relevant to our customers and serving them in the best manner possible. Our efforts enable us to create sustainable value for our customers, eventually culminating into mutually beneficial, trustworthy and time-tested bonds with them.
 

Who says discount brokers cannot offer full service?


At 5paisa, we stand true to our motto of ‘Making investing simple and rewarding’. Our flat fee of Rs.20 per order across segments (We charge Rs.10 per order for our add-on pack subscribers) is simple and transparent for anyone and everyone to understand.

Our full suite of offerings comprises our state-of-the-art trading platforms, research and advisory services of more than 4,000 companies, depository-related services at lowest cost, single platform for all investment products like mutual funds, gold, US stocks, ETFs, loans among others.

Through our simple, multi lingual web and mobile applications, we empower retail investors and avid traders to fulfill their investment and trading journey. Our personalized advisory and robo advisory services go the extra mile in providing customers with an engaging, immersive and efficient experience.

Customer-centricity forms the core of our activities and our recent initiatives such as improving our call center practices and margin changes are only few ways to enhance their experience. We continue to add new features in our trading portfolios, based on the invaluable feedback received from our customers.
 

Making investment not just simple but also rewarding


At 5paisa, we believe in helping our customers at every stage of their investing journey. For every investor the most important question is “Where to invest”. We understand and that’s why we provide detailed information and research of more than 4,000 companies, our ideas section in trading platforms provide advisory for short term trading, long term investing, intra-day ideas and derivatives strategy is the most comprehensive one in discount broking space. 

Not just this. We cover markets like provide pre market updates for traders. Our analyst Dhawal Shah provides much needed guidance through daily webinar. Our industry expert Vishal Mehta conducts weekly training program on varied subjects. 
 

Empowering new-age investors


We take pride in serving the millennials and have been reaching out to them through our phygital network as well as our strategic partnerships. Over 3/4th of our total customers are aged below 35 years, and an equal number are from the underpenetrated, lucrative tier-3 cities. We have been welcoming more and more DIY (Do-It-Yourself) customers to our universe, empowering them to trade themselves.

Given that a large part of our customers are first-time investors, educating them about the capital markets is one of our key responsibilities. Our YouTube channel provides over 242,000 subscribers a bouquet of insightful videos on varied topics of investing. Since its launch in August 2020, the 5paisa school has been receiving overwhelming response to its courses. 
 

Unleashing full potential of technology


We are committed to further fortify our technological capabilities to stay ahead of the rest. We have a multi-pronged approach on this front. First, to upgrade our existing offerings (research-based products, peer-to-peer lending, international investing, Portfolio Analyser, among others). Second, to build new tools using AI and data analytics. Lastly, to launch innovative products providing unique value propositions to our customers.

We are also forging strategic partnerships, wherever required, to continue enhancing overall user experience. Upgrading our existing mobile applications is an integral part of our strategy and the key driver behind increasing number of app downloads. Our apps enjoy strong rating of 4.2 stars owing to the enriching user experience they provide.
 

Delivering on our promise of ‘low cost’


We understand the value of your hard-earned money and are committed to use every penny wisely and prudently. Our promise to provide you with low cost investment solutions is fulfilled by consistent reduction in our overall costs (include cost of acquiring new customers).

On one hand, our customer base has been growing rapidly, while on the other hand, we have kept a tight leash on our marketing and other expenditures. Our technology platforms also act as key enablers to this end. Robust operating leverage allows us to provide several attractive subscription plans to investors.
 

May Goddess Lakshmi bless you with wealth and wellbeing in new Samvat 2078

Let this muhurat trading day be the day you begin your investment journey with our investment ideas.

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