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Tag: Zerodha

  • Success Story of Savart: Company That Helps You to Manage Your Investments

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Savart.

    Everyone yearns to make money and get rich. But, you simply cannot become wealthy with that increased paycheck. It all boils down to wealth management. Dave Ramsey rightly says, “money moves from those who do not manage it to those who do.” Money management, however, is not so simple. It requires knowledge, observation, expertise, and patience.

    Savart, a fintech startup by Sankarsh Chanda, is here to simplify investment management for you. Savart combines computing accuracy with the best of human intelligence. Savart advises over 100 crore rupees in assets and works with clients from over 30 countries. (As of January 2020)

    This ensures easy, safe, and profitable investments through its award winning research methods. StartupTalky interviewed Savart CEO Sankarsh Chanda, who started the company when he was just 18!

    Savart – Company Highlights

    Startup name Savart
    Headquarters Hyderabad
    Founder Sankarsh Chanda
    Industry Investment Management
    Founded 2017
    Registered Entity Name Svobodha Infinity Pvt.Ltd
    Total Funding $644.9K

    Savart – About
    Savart – Industry Details
    Savart – Founder And Team
    Savart – The Idea And Launch
    Savart – Name,Tagline, And Logo
    Savart – Business Model And Revenue Model
    Savart – Customer Acquisition
    Savart – Funding
    Savart – Challenges
    Savart – Competitors
    Savart – Achievements
    Savart – Awards
    Savart – Partners
    Savart – Advisors And Mentors
    Savart – Future Plans
    Savart – FAQs

    Savart – About

    Savart is a wealth management platform that simplifies investing in mutual funds, stocks, and bonds both online and offline. Savart combines machine accuracy and human intelligence to help its customers invest in stocks and mutual funds wisely. The company has a research team that does paper-based analysis, meets the management of listed entities, talks to dealers, suppliers, and customers to find out the strength of the entities/firms and take investment decisions accordingly.

    Upon signing on its platform, Savart prompts the users to fill an EFG (Emotional Financial General) form. After the EFG analysis, Savart suggests suitable investment options for the user based on their needs and expectations. The user can also manually research and invest in instruments without any guidance. There is the option for users to choose investment goals and Savart then shows combinations of mutual fund, SIP, and STP plans for achieving these goals.

    Savart’s services include:

    • Suggesting investment portfolios based on one’s needs, goals, risk appetite, etc.
    • Facilitates subscription and redemption of units by transmitting user’s money and instructions to AMCs based on instructions given by the users.
    • Securing user’s personal and financial transactions related data.
    • Lets the users track their investments.
    • Facility to undertake ‘KYC’ requirements.

    One can also access Savart’s services through the Savart app. The app is available for both android and ios as well as on the web. The Savart app has several interesting features and has received positive reviews from customers. One such feature is ‘round-up’. Through this facility, Savart stacks up its customers’ savings with loose change from every transaction and on the accumulation of a certain amount, the savings are invested into ETFs.

    Savart strives to provide uncompromising advice and research to individuals and institutions irrespective of their quantum of investment. Savart envisions itself as an end-to-end investment services company that helps people realize their dreams & passion. Savart has its office in Hyderabad.

    Savart – Industry Details

    The asset management industry in India is one of the fastest growing segments in the world. Corporate investors AUM (Asset Under Management) stood at US$ 127.65 billion, while HNWIs (High Net Worth Individual) and retail investors reached US$ 99.05 billion and US$ 82.03 billion respectively in December 2018. India is among the top five countries in terms of HNWIs in the Asia-Pacific region.

    The wealth management industry is likely to grow at 10-15% in the next five years.

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    Savart – Founder And Team

    Sankarsh Chanda is the Founder and CEO of Savart.

    Founder & CEO, Savart
    Sankarsh Chanda – Founder & CEO, Savart

    Sankarsh founded Savart in 2017 when he was only 18 years old. He is a certified Research Analyst, investor, author and fund manager. Sankarsh’s book Financial Nirvana that he wrote when he was just seventeen, explains the art of investment and how to profitably manage one’s hard earned money.

    Other core members of the Savart team are:

    • Aditya Ranade (Chief Investment Officer): Aditya worked with companies like RBS & Morgan Stanley before joining Savart.
    • Sridhar Vetapalem (Chief Financial Expert): He has 15+ years of fund management expertise.
    • Taruni Chandrasekhar (CFO): Taruni is a Chartered Accountant and Chartered Financial Analyst.
    • Pavan Kumar Kotamurthy (Research Analyst –Head): He is a Registered Investment Adviser, Research Analyst, MFD & ED certified, and was with NISM before joining Savart.
    • Prakash Raju (Rural Operations Head): He has 20+ years of expertise in rural marketing.

    Savart – The Idea And Launch

    The ideation happened when Sankarsh was only 14 years old. He read an article on“value investing” by Benjamin Graham which stressed on the importance of picking stocks trading for less than their intrinsic value for a profit opportunity. Sankarsh found the idea of value investing interesting and wanted to experiment with it. He convinced his elder sister and started trading through her Demat account. It began with just Rs 2000 that he got as a scholarship and saw his bets pay off quickly. Sankarsh continued thoroughly studying market trends and the balance sheets of different companies to build on his knowledge.

    It was never an idea to startup or set up a company. It was a simple idea to give investment advice, build investment strategies and invest; over time, the idea of doing this at a scale and combining my philanthropic interests gave birth to Savart. – Savart founder, Sankarsh Chanda.

    Sankarsh started freelancing and drawing investment strategies for individual clients when he was just 16 years old. He was seventeen when the Savart founder published his first book, Financial Nirvana. Meanwhile, Sankarsh joined the B.Tech. course in Bennett University, Greater Noida.

    Ajay Batra, the Director of the Center of Innovation and Entrepreneurship at Bennett university gave Sankarsh the confidence to start his venture. Sankarsh invested the money he earned through various investments for launching Savart. He interviewed about 400 people from diverse economic backgrounds to understand customer requirements better before working on Savart.

    Savart stands for ‘The Art of Savings’.

    Savart Logo
    Savart Logo

    The reason we give importance to saving in our name is because it is the fundamental requirement before beginning to invest. And we believe it sounds good too. – Savart founder, Sankarsh Chanda.

    Savart’s tagline is ‘Dream Up.’ The tagline is a reflection of Savart’s commitment to helping people ‘live’ better dream bigger. Savart helps to make quick money in the share market. The company’s aim is to help people realize their dreams and passion. The current logo was finalized upon after some iterations and wasn’t a one-time outcome.

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    Savart – Business Model And Revenue Model

    Savart’s services range from financial planning to investment advice and goal planning. Savart follows a simple revenue model; for the services provided, customers are charged as per the following plans:

    • For Investments between zero to 4,00,000, the charges are Rs.1299/- per annum.
    • For Investments exceeding INR. 4,00,000 , the charge comprises 0.5%(upfront fee)+ 3% of pre-tax net profits(performance fee).

    The company charges 1-2% as commission for mutual fund investments.

    Savart – Customer Acquisition

    Savart’s initial set of customers came from the team’s families and business connects obtained through referrals. Constant communication with the clients, keeping them in the loop, regular feedback collection, and constant improvements to its online platforms are some of the measures Savart takes to retain customers and uphold client satisfaction.

    Savart – Funding

    Raising funds has been an enriching experience for the Savart team, as said my Sankarsh. On May 6, 2018, Savart raised $100K in funding. Savart raised seed funding of $544.9K in November, 2021.

    Date Stage Amount Investor
    May 2018 Pre-seed $100K Undisclosed
    November 2021 Seed $544.9K BEENEXT, Yatra Angel Network

    Savart – Challenges

    Investing in people and finding the right talent has been a pain-point. Savart has upskilled several individuals to get the maximum out of its team as well as to help its employees move up the progress ladder. Sankarsh mentions that like every other startup, Savart also has downtime and that’s when the team needs some extra motivation. The customer first mindset uplifts everyone in times of distress.

    During our meetings, we have an empty chair and assume our customer is there, watching us work. This makes sure that we don’t get distracted or demotivated. – Savart founder, Sankarsh Chanda.

    The company never fails to celebrate milestones, no matter how big or small. These include feature release, team member induction, and positive customer feedback among others. Reaching out to the masses and help them invest and make money is Sankarsh’s personal motivation booster.

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    Savart – Competitors

    There are many fintech startups that deal with stock, share and mutual funds investment. Some of the top competitors of Savart are:

    Savart seeks inspiration from different entities; it is inspired by companies like Zerodha in terms of reach and services, by the likes of Oaktree capital management in terms of their investment research and quality of the team. However, Savart differentiates itself from others through its deep-tech research, customer experience, and the niche customer segments it targets.

    Savart – Achievements

    Some significant achievements include:

    • Savart sold mutual funds worth Rs 3.5 crores and stocks worth Rs 2 crores within a month of launching its online platform.
    • The company is managing an AUM of around 100 crores.
    • Savart was featured as one of the most promising fintech startups in the world by Burnmark, London.

    Savart – Awards

    Savart has received the following awards:

    • SMC Startup pitch Award – Mumbai 2018
    • T20 Starpreneuer of the Year – Mumbai
    • Delhi – NCR TiECoN’s QGLUE Design Entrepreneur of the Year

    Savart – Partners

    Savart has partnered with Bombay Stock Exchange for mutual funds. It is also licensed as a Registered Investment Advisor by SEBI.

    Savart is not a broker. So, it has partnered with Upstox, a Mumbai based discount broking firm , for final transactions. Savart is looking forward to partnerships with some other digital brokers. The startup is also in touch with banking correspondents to enhance its offline presence.

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    Savart – Advisors And Mentors

    According to Sankarsh, a mentor is one who adds direction and motivation to the business, offers continuous constructive criticism, and helps build the right culture for the organization. Savart is being mentored by the following experts:

    Ajay Batra: Mentor and Business Adviser, Director Bennett Hatchery, ex-Citibank. It was Mr. Batra who gave Sankarsh the confidence and support to think of entrepreneurship, and is mentoring Savart since day one.
    Sandeep Kataria: Ex-Marketing Head, Voonik and CureFit.
    Hemkumar Vajjha: Chief Technology Adviser MD, Impetus Solutions.
    Venkat: Development Head – Tech, Impetus Solutions, 25+ years of tech expertise.

    Savart – Future Plans

    Savart is all set for expansion and growth. Savart’s major bucket list items for the future are:

    • Opening offline stores.
    • Installing automated investment machine. The machine will be set up as an offline kiosk and users will be able to make investments using a debit card or cheque.
    • Making the Savart platform available in languages like Hindi, Telugu, and Gujarati.

    Savart – FAQs

    Who is the CEO of Savart?

    Sankarsh Chanda is the Founder & CEO of Savart.

    How much is the Net worth of Savart?

    Savart net worth is 100 crore rupees in assets (As of January 2020).

    What is Savart?

    Savart is a wealth management platform that simplifies investing in mutual funds, stocks, and bonds both online and offline. Savart combines machine accuracy and human intelligence to help its customers invest in stocks and mutual funds wisely.

    Who is Sankarsh Chanda?

    Sankarsh Chanda is the Founder & CEO of Savart. He also launched Stardour – a SpaceTech company.

  • Why is Zerodha not Raising Funds for its operation?

    Some people are frightened to invest lakhs of lakhs in IPOs or shares. Because apparently, no one is ready to fund a hefty amount on any such financial startup services other than renowned organisations like Bitcoin or Cryptocurrency. But an Indian tech-finance company launched with the aim of offering retail brokerage, IPOs & Stocks, Government securities, currencies and commodities, bonds and mutual funds at a low-cost rate. If any finance platform offers a discount on the mutual fund or bonds, then people usually entice to such a maxim.

    Besides, it isn’t anticipating any such return from the trader or users sides. This is why Zerodha became the talk of the town in terms of generating discounts without expecting to raise its fund resource.

    Factually, Zerodha is the first discount broker organisation in India with no barriers in trading. Instead of investing a huge amount in uncertain things that make us vex on second thoughts, two brothers- Nitin Kamath and Nikhil Kamath joined together in building a trustworthy relationship among investors by reducing commission on the transactions.

    Both the brothers launched Zerodha in 2010, by enabling customers to buy or sell stocks on their platform. And by 2016, the company crossed over 1 lakh active clients and stands as the largest brokerage firm in India by active client base. As of 2021, Zerodha valued over 1 billion dollars with more than six million active clients.

    What is Zerodha?
    Why Zerodha isn’t raising funds?
    What are the revenue sources of Zerodha?
    FAQ

    How does Zerodha work

    Zerodha is a barrier-free brokerage model, which offers discounts on online trading services, wherein they reduce operational costs. The firm always function with a sole aim to generate low-cost financial services to people and offers other services such as-

    • Retail brokerage, where the clients are asked to pay a flat fare of 20 rupees on the trading commodities and delivery equity is no-cost.
    • Zerodha trades wholly-owned entities or commodities to those registered clients.
    • Zerodha broke the record of generating 25% returns on the investment funds in its first year, which didn’t even happen to NIFTY.
    • Zerodha became a venture capital firm and aided other startup companies in their initial stages of business, for instance, Zerodha funded Smallcase and ERPNext startups.

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    Why Zerodha isn’t raising funds?

    In April 2021, the founder of Zerodha Nithin Kamath repudiated offers in raising funds to their firm from notable financial organisations created a buzz in the business world. Currently, the firm is running stable for its clients without any defile. The founder cleared the air by saying “No need to raise funds just because someone is ready to give it to you” and financially the firm is profitable and has zero debt.

    People may wonder, how does Zerodha raise funds? But this firm is really playing astute in the business world by not investing much on marketing and advertising.

    So the reason behind not raising funds is that ‘they’re not ready to accept unwanted money just because someone is offering to’ and moreover, there is no need to raise funds as the corporation is not spending a penny on any selling-cost and ultimately becoming more profitable being a discount brokerage firm in India with a reputed brand name in the country.


    Number of active clients with Zerodha
    Number of active clients with Zerodha

    What are the revenue sources of Zerodha?

    Zerodha doesn’t have a well structured and diverse revenue model but being the top used company for stock trading and with the increasing number of users turning to stock trading and in turn, leading to increased users of the platform has resulted in making the simple revenue model of the company profitable. The company earns its revenue mainly from two sources.

    Transaction Charges:

    Zerodha earns Rs.20 or 0.03 percent whichever is less for each and every F&O and intraday equity transaction. Futures & Options (F&O) are a major type of stock derivative trading in the share market. It is a type of contract where two parties sign to trade a stock asset at a predetermined value on a later date.

    Account maintenance Charges:

    Zerodha also charges its users annually for maintenance of the account of the user. The fee levied by the company on its users is Rs.300 per annum. With the increasing number of users, the company has earned quite an extensive amount that contributes to the major portion of the company’s revenue.

    The company follows the principle of Low Margin and High Volume Model. That is they collect less margin for every transaction but by having a large number of users and increasing transactions, the company earns its revenue.

    With the company doing its business online, the operational cost is minimal and doesn’t lead to unnecessary expenditure that would have been required in the case of a brick and mortar financial services company.

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    Conclusion

    The people in the current world are very informed about the happenings around them and have found that the stock market can be profitable even with the risk that comes with it, unlike years before only when few people were trading in the stock market. With the increased participation comes the need for a financial services company that offers the best services to the investors and that is safe and secure.

    Zerodha has proved to be that company by charging only a discounted brokerage rate and having not faced any major violation from SEBI and other exchanges since its inception and the trust it has built with its 7 lakh and more users across the globe.

    FAQ

    What is Zerodha?

    Zerodha is a financial services company founded in 2010 that offers services like retail brokerage, currencies and commodity trading, mutual funds and bonds. The Bangalore based company is the largest stock broker company in India in terms of active client base.

    What is the revenue of Zerodha?

    The revenue of Zerodha as of 2020 is INR 1,093.64 crores INR. The company earned a revenue of more than INR 1500 crores for the financial year 2020-21 which is an 80 per cent growth in the revenue from the previous financial year.

    Who founded Zerodha?

    Zerodha was founded by brothers Nithin Kamath and Nikhil Kamath in August 2010. Nithin Kamath was previously working as a sub-broker in Reliance money where he felt that retail investors required more and started Zerodha which is the first discount brokerage in India.

  • Unknown Facts about Nithin Kamath you might not know

    The youngest self-made billionaire in India, Nithin Kamath is the CEO and co-founder of the largest stockbroking company- Zerodha in India. Zerodha is quite a prominent company that started in 2010 as a brokering business.

    Later, Nithin Kamath along with his brother Nikhil Kamath built the company into a huge fintech independent business whose valuation is now marked as 1 billion dollars. Nithin Kamath has always been absolutely devoted, determined and daring with his business. He never missed a step to success! That’s the sign of a true entrepreneur and catalyst for development.

    Nithin Kamath entered the world of the stock market at the age of 17. He has been a trader for all time. Many ups and downs came with the territory but Nithin Kamath has always been uptight with his work. From earning Rs. 4 lakh by just being in college to losing the entire money in a chance and ended up working in a call center on a monthly pay of Rs. 12,000. He has seen it all in little time.

    Moreover, Nithin Kamath is also the founder of Rainmatter which is a fintech startup fund as well as an incubator in order to contribute to India’s capital markets ecosystem. In this article, we have discussed some of the very interesting and lesser-known facts about Nithin Kamath. Stay tuned!

    Nithin Kamath Dropped out of college
    Nithin Kamath is an avid reader
    Nithin Kamath lost almost Rs 5 lakh during his teenage
    Nithin Kamath owns True Beacon
    How the Events turned from Call Center for Nithin Kamath
    Nithin Kamath is a big Fan of music and Sports
    Nithin Kamath is Trading since the age of 17
    FAQ

    Nithin Kamath Dropped out of college

    Nithin Kamath dropped out of college at the age of 14. Then he joined a two-year chess career, playing both international and national levels.

    In an interview with CNBC, he said, “As I dropped out of college I didn’t have a degree so it would have been very tough to get a job. That’s why I chose a career that did not require a college degree.” He also added, “Chess is something that teaches you how to move in a structural system and also, how to be creative and smart.”

    Nithin Kamath is an avid reader

    Very few know this, but Nithin Kamath is an avid reader. He is a self-professed bibliophile. His favourite Book is Market Wizards written by Jack Schwager. In fact, he has more than 500 books. And said, he reads at least one or two books every week. This keeps him calm and fresh to new thoughts.

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    Nithin Kamath lost almost Rs 5 lakh during his teenage

    When Nithin Kamath was in his teenage years, he lost almost Rs. 5 lakh. Obviously, this is a huge amount for a teenager. But he kept on moving, he didn’t pack up his career in trading.

    To cover this up, he joined a call center during nights at the monthly pay cheque of Rs. 12,000. He used to trade in the daytime and then, get back to his duty at the call center in the night. This continued for a few years until he met an American HNI. He appointed Nithin with a cheque to manage his money. He took the job and managed brilliantly.

    Nithin Kamath owns True Beacon

    Nithin Kamath along with his brother Nikhil Kamath owns another company that is an investment management firm– True Beacon. This investment management firm is known as the ecosystem of copyrighted products, services of capital markets, management and advisory for portfolios and tailored programs for different strategic investors. These have been intended for India’s public and private markets.

    How the Events turned from Call Center for Nithin Kamath

    When Nithin Kamath was working in the call center, two major things happened to him. First- he met his wife Seema Patil, with whom he married and have a son together.  

    Nithin Kamath with his wife Seema Patil
    Nithin Kamath with his wife Seema Patil

    Secondly, he along with his younger brother Nikhil Kamath started their careers in trading together in 2010. After 11 years of working together, the two brothers transformed the Indian trading system with their brilliant flat fee model. With this, they got to be at the top in the market.

    Nithin Kamath re-build his career in trading along with his brother Nikhil Kamath and together they gained absolute success.

    Nithin Kamath is a big Fan of music and Sports

    Nithin Kamath is a big fan of music. Whenever he gets too busy with his working schedule, he takes some time out and sings while playing the guitar. This calms the chaos of work and keeps his mind smooth. His favourite song is ‘Zindagi Kaisi Hai Paheli‘ from Anand (1971).

    He is also a big passionate sports lover. He loves to play basketball, snooker and poker and he is pretty good at it. Besides, Nithin loves cycling, swimming and running as well.

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    Nithin Kamath is Trading since the age of 17

    In the Zerodha company video of 2017, Nithin Kamath mentioned that he started his trading career at the age of 17. He said, “I joined trading as an active interest in the stock market. My brother and father were already in the stock market investing. Then I too joined them and as I won the first bit of money, I got more interested in this and the rest is history.”

    Nithin Kamath has several unique techniques and approaches towards trading. He called it ‘the infinite sky, without a ceiling’, in an interview with Arabian Business a year earlier.

    He added, “When you become a good trader, you keep on investing and making the money out of it. There is no limit to scaling and that’s the thing that attracted me most towards it. Also, you do not need a proper qualification for trading in the stock market. You can gain your knowledge from any source you like. You can come up with your theories and tips and become a good trader all by yourself.”

    Conclusion

    Nithin Kamath had worked really hard in making Zerodha what it is today. He is a college dropout hence, does not have any proper study or guidelines in finance. But, still, he managed to gain the knowledge required from all possible sources. He is fond of books which helped him a lot. Trading has brought great balance in his life and he along with his brother changed the entire Indian trading system. They went on the top and remained there as true entrepreneurs and businessmen.

    FAQ

    Is Zerodha a unicorn?

    Zerodha founded by Nithin and Nikhil Kamath entered the unicorn club with a self-assessed valuation of about $1 billion on June 2020.

    What is the net worth of Nithin Kamath?

    Nithin and Nikhil Kamath are the wealthiest entrepreneurs under the age of 40 in India with a wealth of ₹24,000 crore.

    How much does Nithin Kamath earn?

    Zerodha co-founders Nithin and Nikhil Kamath to get Rs 100 crore annual salary.

  • How Invest19 is Disrupting the Stock Market? [Exclusive Interview]

    Invest19.com is disrupting the stock market with its AI-powered stock tech platform. Invest19 Technologies is a fintech company serving in the technology sector and leverages the power of emerging technologies like machine learning, data science, Artificial Intelligence, to simplify, automate, and enhance the user experience – from customers to businesses.

    Invest19.com is building an innovative platform capable of providing next-generation, scalable and low-latency tools and technology solutions to individuals and businesses in meeting the swiftly evolving needs of today’s fast-growing industry.

    StartupTalky interviewed Mr. Kaushlendra Singh Sengar, Founder & CEO of Invest19.com to know how the startup is planning to disrupt the stock market industry by leveraging emerging technologies. Read all about the USP, Features, Revenue Model of Invest19.com, its marketing strategies, future plans and more in this post ahead!

    Invest19.com – Company Highlights

    Startup Name Invest19.com
    Founders Kaushlendra Singh Sengar (CEO), Mahek Tomer
    Headquarters Noida
    Founded 2020
    Industry Fintech, Wealth Management

    Here’s what Kaushlendra Singh has got to say about Invest19.com –

    1. Invest19.com USP over its Competitors
    2. How Invest19.com is Planning to set itself apart and grab the investors trust?
    3. What emerging technologies is Invest19.com disrupting to enhance the user experience?
    4. Invest19.com Revenue Model – “Become an Investor @ Cost of Burger”
    5. Invest19.com – Marketing and User Acquisition Strategies
    6. How does the Execution Partner Opportunity for Stock Brokers at Invest19.com work?
    7. How is Invest19.com coping with Challenges and Opportunities amidst pandmeic?
    8. Achievements of Invest19.com
    9. Future Plans of Invest19.com

    1.What USP Invest19.com provides over its competitors?

    Invest19.com is an Investment ecosystem providing multi broker choices to scale capital market into small towns by build next generation stock market industry on cloud where in market participants like exchanges, depositories, stock brokers, market experts can come together and provide seamless investment experience to create new breed of smart investors.

    Invest19 founder
    invest19 founder – Kaushlendra Singh

    2.Over 30% of market share in the discount brokerage industry is held by top players like Zerodha, Angel Broking, 5paisa, Upstox among many. How do you plan to set yourself apart and grab the investors trust?

    Invest19.com is supporting stock brokers by providing next generation cloud infrastructure to scale their broking business by increasing their reach up to small town users,  disrupting human centric technology is providing better user experience, which leads to high user retention ratio and better revenue. Invest19.com is building business beyond technology by referring new users to stock brokers.

    3. How is Invest19.com ahead in its technology implementation? What emerging technologies are you disrupting to enhance the user experience from customers to businesses?

    There is a lack of financial literacy in India and complexities of available trading platforms are the biggest entry barriers for novice investors. We at Invest19.com is trying to fix these challenges with the help of latest blend of technologies, which is highly scalable, can handle millions of orders per second, simplifying investment experience by using human centric user interface and experience, making system more intelligent by mixing human brain with Artificial intelligence and data science and proving one touch investment platform.

    With this we are able to provide an investment platform where in a layman can also investment with confidence and grow their wealth.

    4. Found this intriguing- “Become an Investor @ Cost of Burger” How do you plan on executing this? What revenue model mechanism are you adopting?

    We believe that like 2 decades ago computer education became mandatory for everyone from schooling, in the same way we should also make investment education mandatory from schools this is the right time when one should learn the art of savings and power of investment. If we want to build a new breed of future smart investors we should start working from roots.

    That’s why we have built this product name “become an Investor @ cost of burger” this signifies that students can become investors by compromising from a piece of a burger and their pocket money is sufficient enough to start the investment journey.

    We, along with SEBI registered market experts have created a special poll of high potential listed companies with good fundamentals and future business projections with low stock prices. Our specially designed artificial intelligent system will help users to build a low risk and high growth portfolio.

    We have all three business model, B2B, B2C and SaaS along with monetization Strategies like Financial Literacy, Gamification, Referral Reward, Sponsorship & Space Selling, Freemium Model, Transactional Fee, Membership Selling, Licensing Fee.

    Angel Broking Success Story | Indian Stock Brokerage Firm | Growth Calculator
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    5. How are you planning to make yourself known in the investment world? What marketing and user acquisition strategies are you employing?

    Building Investment ecosystem for millennials, offering multiple BFSI service provider and investment assets class choices, simplified investment experience with affordable tailor made investment ideas by mixing human brains with artificial intelligence and cash back on brokerages.

    As we are on beta stage, so we do understand that there is high chance of app performance issue. That’s why we have started a physital model a mix of digital and human touch to spread financial literacy and create trust among small town users and to trained users about platform features. Human touch approach is bridging the gap wherever there is a bug or app performance issue. This is cost effective for the early stage startup because here you pay only on business conversion.

    6. What exactly is Execution Partner Opportunity for Stock Brokers? How does it work?

    Invest19.com is an investment ecosystem where in any regulated stock brokers can get registered as an execution partner by doing some necessary paper work with the respective exchanges and can become a next generation tech broker, here broker will get everything which is required to run and expand the business, starting from user acquisition, investment ideas services, trading features, customer support, portfolio tracker and many more.

    This way a regional broker can become national stock broker and can acquire user from pan India with no time and marketing budget. This is reducing market cost, sales cost, tech and server cost, operation cost, research team cost and many more.

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    7. Launching a company amidst the start of pandemic must’ve bought its own opportunities and challenges. How is Invest19.com coping with it?

    Invest19.com was hardly 2 months old when lockdown started in March 2020. Initially it was quite challenging for us, as no one was prepared for that and business dynamics completely changed after lockdown.

    As product was into development stage that time. So we missed the chance to grab the user growth opportunity. But we saw this pandemic as an opportunity and people have realized the importance of savings in this hard time.

    It’s being more than a year we are working from home, seeing the changed business dynamics in covid-19. We focused on building the paperless 100% online investment ecosystem, which can convert the offline brokers into online as due to lockdown their sales people are not able to go out for business development or demat account opening.

    To reduce risk due to Covid uncertainty we focused on:

    • Fund raising and investments: In parallel with Product development, I have started pitching investors to meet out working capital requirements of the company. As product was into development stage so we were completely dependent on the investors’ fund. I have followed a sustainable business, wherein all the resources, particularly monetary resources and funds, need to be used consciously. Managing cash flow and conserving resources for a few months post resumption of normal operations is a key to sustainability.
    • Incorporated short cycle planning: Instead of looking at long-term plans three months, six months, and one-year plans should be ready. In the current scenario, making up for the lag due to lockdown and preparing the organisation to cope up with the situation needs to be focused upon.
    • We are also doing Effective and regular monitoring: The need for mentoring is going to be the highest in given times, as team is working from home and lots of coordination is required to deliver the project on time.
    • We have created Strong communication channel: During the Covid times, it is essential that the channel of communication is effectively and efficiently maintained. Being open and available to the concerns of all stakeholders, including customers and investors, becomes extremely important to maintain their association with the business.

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    8. It’d be great if you could highlight some of your achievements

    • We received our first success in July 2020, when we got the exchange approval of our platform to go live in one go without any observation. In the history of stock market, we are the first platform who got go live approval in one go.
    • Second success came by August end when we did beta launch of this platform.

    9. Where do you see Invest19.com in the next 5 years in comparison to your competitors? Any business expansion/partnership/funding plans?

    In next 5 years Invest19.com will become the world’s largest investment ecosystem, with more than 45 stock exchanges and all the possible investment asset class you can think of. We are doing partnerships with banks, stock brokers, NBFC’s, insurance companies, AMCs, Fintech platforms, financial platforms, etc. and also raising funds to speed up our product launches, soon will do the funding announcements.

    Conclusion

    Startups are always a step ahead in disrupting the emerging technologies, be it any field. Invest19.com being one among is aiming to be the world’s largest investment ecosystem by 2026 by leveraging artificial intelligence, machine learning and data science. Launching the company amidst the start of pandemic bought its own opportunities and challenges to the team, but Invest19.com paved its way over the beat launch in August 2020 and is looking for a main launch in 4 months i.e., July-August 2021.

  • How to buy Dogecoin Cryptocurrency in India? (Step by Step procedure)

    Dogecoin was created in 2013 by Jackson Palmer (Adobe Employer) $ Billy Palmer (Software Engineer). What began as a joke, is now making investors rich. It’s thrilling to see that there are people out there willing to buy Dogecoin for a higher price. That’s what keeps on driving more and more traffic.

    This joke cryptocurrency has risen above 26,000% in the past 6 months. Of course, it has competitors but they are nowhere close to Dogecoin.

    Elon Musk, with his charming little tweets and launched this cryptocurrency to new heights just like he did with SpaceX. Young people idolize him for being rich and cool. His tweets spiff up the currency which leads to rising value.

    Everybody wants a slice of this cake. You must want it too. Therefore, we bring you answers to the most asked question i.e., How to buy Dogecoin in India?

    Dogecoin
    Dogecoin

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    How to buy Dogecoin?

    Coinbase, which the top cryptocurrency trading place, does not allow Dogecoin. At this point, you should understand what exactly is cryptocurrency.

    What is cryptocurrency?

    Cryptocurrency is a digital asset that is designed to be used over the internet. It is decentralized which means the government has no control over it.

    Here is the step-by-step procedure to buy Dogecoin in India:

    • Install trustworthy and reputed crypto trading platforms such as WazirX, CoinDCS, Bitbns, Zebpay, or Coinswtich.
    • Set up your account through registration and verification of KYC. (Remember to enable 2-factor authentications to make it super secure.)
    • Add your bank and UPI details.
    • After you deposit money into the exchange, you can use the same to buy Dogecoin or any other cryptocurrency for that matter.
    • You can buy Dogecoin through a Credit card, Debit card, or other e wallets like Mobiwik, Bhim transfer.

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    FAQ

    Who owns most bitcoin?

    Satoshi Nakamoto, the cryptocurrency’s pseudonymous investor owns most bitcoin.

    Did Warren Buffet invest in Bitcoin?

    Warren Buffet told CNBC that “I don’t have any Bitcoin. I don’t own any cryptocurrency, I never will,”.

    Why is Dogecoin a joke?

    Dogecoin started in 2013 as a joke to the “doge” meme that was all over the internet at the time. But It is now the fifth-largest cryptocurrency in the world.

    Conclusion

    Now you can start trading Dogecoins too. A quick tip: Keep an eye on Elon Musk’s tweets to track the path of your investments. Also, remember to be safe while doing such transactions and beware of frauds.

  • Will Cryptocurrency be taxable in India soon

    Cryptocurrencies have become very much popular in India and there are many talks that these digital coins will soon be banned by the Government of India. A Crypto Bill is expected to be announced anytime from the government and there are talks that there will be a twin tax introduced by the government. Let’s look at whether the cryptocurrencies will be taxed by the Govt. of India or not.

    Tax on Cryptocurrency
    GST on Bitcoin
    Cryptocurrency Bill
    Taxation and legality
    FAQ

    Tax on Cryptocurrency

    There are reports that India is planning to impose a tax to boost the short-term investors in the space of cryptocurrency before bringing a ban on these asset classes.

    According to reports from business standards one of the largest English-language newspaper in India, the government is planning to impose personal Income Tax (IT) and a Goods and Service Tax (GST) on the gains received by the traders and investors who are involved in the trading of cryptocurrencies and also from the gains received as platform fees.

    GST on Bitcoin

    A senior finance ministry official who is familiar with the subject matter conveyed that bitcoin will be categorized under the financial services which will attract a commission fee of 18% GST by exchanges under this segment.

    The investors will also have to pay Income Tax on the earning earned from the cryptocurrencies. The senior official has informed an official circular which will be released soon. According to the sources from the newspaper, the authorities are aiming towards charging taxes for both the fiscal years that are April 2020 to March 2021.

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    Cryptocurrency Bill

    The government is also planning to introduce a cryptocurrency bill in the parliament for the ongoing session. The bill will focus on seeking a ban on the private currencies and a formal start for the development of a central digital currency which will be issued by the central bank of the country.

    The actual contents of the bill are not yet known and the Government hasn’t mentioned the term private currencies. The bill is expected to fill the gaps regarding the policies according to Anurag Thakur who is the minister of state for finance.

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    Taxation and legality

    The Government has not mentioned how the gains from cryptocurrencies are supposed to be taxed but the CEO of WazirX Nischal Shetty said that the earnings of cryptocurrencies are supposed to be taxed like any other source of income and should come under the Income Tax slab.

    He added that his cryptocurrency platform has been voluntarily paying the GST on the collection of the trading fees. According to another source which says taxation cannot be confirmed that the digital coins would be made legal in the country. He added that taxability and the legality of the coins are independent of each other and not dependent.

    An anonymous official had said that while cryptocurrencies are unregulated, they have not yet been banned and the rules for taxation apply for all the services and commodities.

    FAQ

    Cryptocurrencies are not illegal in India anybody can buy, sell and trade cryptocurrencies.

    Will India ban Cryptocurrency again?

    According to the rumoured Cryptocurrency and Regulation of Official Digital Currency Bill, the Indian government might ban private cryptocurrencies in India.

    Will Cryptocurrency be taxed in India?

    According to the reports Cryptocurrency might be be taxed in India soon.

    Conclusion

    If the news about the ban of cryptocurrency and the bill regarding the cryptocurrency gets confirmed it will be a clarification on how the cryptocurrency industry will work and how the cryptocurrency users will be taxed.

  • Zerodha vs 5paisa: The Top Contenders In The Brokerage Industry

    This stock broker comparison is between two of the biggest discount brokers in India. This article will compare 5paisa and Zerodha based on their brokerage charges, account opening charges, maintenance charges, exposure margin, trading platform and more. This comparison will help highlight the major difference between these two brokers to help you find the best on your preference.

    A brief history on Zerodha

    Zerodha is the biggest private discount broker in India and was founded in the year 2010 by Nitin Kamath. It is known to be one of the best for traders and investors looking for low brokerage, reliable trading platform and easy interface. It has over 2.2 million clients that contribute over 15% of daily retail trading volumes across NSE, BSE and MCX. Zerodha is the largest stockbroker in India and is headquartered in Bangalore. It offers zero brokerage on delivery trading and a flat rate of 0.03% or Rs 20 per executed on other segments.

    Zerodha offers a zero brokerage charges for delivery equity investment and direct mutual fund investments. For the other services like F&O, currency and commodity trades across NSE, BSE, and MCX it offers a flat brokerage of flat Rs 20 irrespective of the trading volume. The number of active clients on NSE is 9,09,008 as of November 2019. The other services it offers it offers Direct Mutual fund investments, Kite APIs.

    Zerodha vs. 5paisa logo
    Zerodha vs. 5paisa logo

    A brief history on 5paisa

    5paisa is a public discount broker that provides you the platform to trade in stocks, futures and other option at the lowest cost of Rs 20 flat per trade, even if you trade 10 crore. It is headquartered in Mumbai and is a part of India Infoline (IIFL). It is leading non-banking financial institution in India with two decade long experience as it was initially incorporated in 1995. 5paisa was relaunched in 2016.

    It was reintroduced new brokerage model for online retail broking services and also got demerged itself from IIFL so that it can get listed on the stock exchange. 5paisa capital started trading on NSE/BSE in November 2017 making it the first to be listed in the financial digital marketplace. 5paisa capital provides a platform for all financial products which include equities, derivatives, mutual funds, commodities, bond and debentures, insurance and personal loans.

    The account opening process for 5paisa is totally paperless based on Aadhaar. 5paisa provides the trading facility in mobile, browser and desktop platforms. The number of active clients on NSE is 1,06,280 as of November 2019. The other services it offers are Mutual Fund Investments, Research reports, etc.

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    The side by side comparison of 5paisa and Zerodha

    5paisa vs Zerodha Charges and AMC

    5paisa trading account charges is Rs 650 while Zerodha takes Rs 200 as account opening charges. 5paisa Demat Account AMC (annual management charges) charges is Rs 540 which is charged at Rs 45 per traded month and Zerodha Demat account AMC charges is Rs 300.

    Types of AMC 5paisa Zerodha
    Trading Account Opening Charges ₹650 ₹200
    Trading Account AMC Charges free free
    Demat Account Opening Charges free free
    Demat Account AMC Charges ₹540 (₹45 per trade) ₹300

    About brokerage plans and brokerage charges

    Both the platforms do not provide multiple, monthly or yearly plans and only offer single broker plans. But when it comes to brokerage plan details 5paisa is a discount broker which charges a flat fee of Rs 20 per executed order for equity cash and equity F&O, including currency and commodity. This is the lowest brokerage plan offered by the offered by the best brokerage house in India. Zerodha on the other hand, charges Rs 20 or .03% whichever is lower for equity intraday, F&O, currency and commodity. No other upfront brokerage or turnover commitments on your trade.

    Brokerage Charges 5paisa Zerodha
    Plan Name Flat Fee Rs 20 Trading Plan Max Rs 20 per order Trading Plan
    Equity Intraday, Futures, Options Flat Fee Rs 20 0.03% or Rs 20 whichever is lower
    Currency Futures, Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20
    Call & Trade Charges Rs 100 per call(No limit of orders) Rs 50 Per Executable Order

    Demat account opening charges

    This table shows the difference demat services that both the broker services provide and its charges.

    Demat account 5paisa Zerodha
    Demat Account Opening Fee Nil ₹50 (Stamp charges payable upfront)
    Demat Account AMC ₹540 (Charge ₹45 per traded month) Individuals/Non Individual – ₹300 + GST Non Individual – Corporate – ₹1000
    Dematerialisation Charges ₹15 per certificate + ₹40 as postal charges ₹150 per certificate (+ ₹100 Courier charges)
    Rematerialisation Charges ₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier ₹150 per certificate + CDSL charges + ₹100 Courier charges
    Transaction Charges (Debit or Sell) ₹12.50 per transaction per script • Market Trades: ₹8 + ₹5.5 •Off-Market Trades: 0.03% of ₹25 whichever is higher

    Order Types

    The main Orders that all the broker platforms offer are CNC order (cash and carry), MIS order (margin intraday squareup), NRML order (normal margin). There four types of orders Cover orders provides additional margin and are placed  for an compulsory stop loss and this is a intraday position. The second one is the Bracket order where you lock in a profit by bracketing an order with two opposite side orders. This will help you get a higher margin and limit your loss.

    The third order is the after market order that are sent to exchange on the next day. The last one is GTC which are Good Till Cancelled order, which means you can buy or sell equity limit orders and your orders will remain in the system until its executed.

    Order Types 5paisa Zerodha
    CNC, MIS and NRML orders yes yes
    Cover order and Bracket order yes yes
    AMO-After Market Orders yes yes
    GTC-Good Till Cancelled yes yes

    Investment offering

    Investment offers contain Equity Derivatives (on both exchanges NSE/BSE), Commodity Trading (both brokers offers this on MCX), Online Mutual Fund Investment (offered on online mutual fund investment option) and Portfolio Management Services (both the brokers don’t offer this).

    Investment Offering 5paisa Zerodha
    Equity Cash and F&O yes yes
    Currency Deravitives and Commodity yes yes
    Mutual Funds and ETF yes yes
    Bond / NCD yes yes

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    The PROS and CONS of Zerodha

    PROS:

    • Free equity delivery traders. No brokerage charges for Cash-N-Carry orders.
    • Zero brokerage charges for delivery trading across segments and exchanges with a maximum brokerage of Rs 20.
    • Excellent trading platforms (KITE) available for free.
    • Easy and fast online account opening with simple and flat brokerage model in all other segments and exchanges BSE, NSE and MCX.
    • Over 10 lakh active customers and 10% of daily volume at BSE, NSE and MCX.
    • Zerodha Referral program offers 10% brokerage share to clients you refer.
    • Good Till Triggered (GTT) order are available which are similar to orders.
    The premium options offered by Zerodha
    The premium options offered by Zerodha

    CONS:

    • Doesn’t provide stock tips, research reports or recommendations.
    • Call and trade is charged at extra Rs50 order and auto square off is charged at extra Rs 50 order.
    • Doesn’t offer 3 in 1 account.
    • Doesn’t offer unlimited trading plans and AMC free demat account.

    The PROS and CONS of 5paisa

    PROS:

    • Flat fee brokerage. Pay just Rs 20 per executed order with no worries about the size of the trade.
    • Free trading software including 5paisa mobile app and trading terminal.
    • Up to 20 times exposure in intraday trading and 4 times more exposure.
    • 3.5 times more exposure in derivatives Intraday Trading.
    • It is the cheapest broker, flexible brokerage plans and research reports available but at an extra cost.
    The premium options offered 5paisa
    The premium options offered 5paisa

    CONS:

    • Call and trade is charged at Rs 100 per call in addition to the brokerage. Any number of trades can be placed in one call.
    • Research and advisory is available at extra cost.
    • Higher exchange turnover charges in comparison to other popular discount stock brokers.
    • Higher demat debit charges Rs 25 per transaction.
    • NRI trading and Demat account is not available.
    • Doesn’t offer commodity trading.

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    The premium services offered by zerodha and 5paisa

    Zerodha, being the biggest discount broker in India has over 22 lakh clients which is because of trust and brand value. Moreover, initiatives like educational facility (Varsity), investment in IPO’s from the same dashboard, free direct mutual fund investments, etc create more value for its clients.  Zerodha has got a bigger range of partner products that help traders and Investors like Streak, Sensibull, Learn app, etc.

    Whereas on the other hand, a few known advantages of 5Paisa over Zerodha is that they offer Research reports and robo-advisory to their clients, which Zerodha doesn’t have. However, this facility by 5Paisa is offered only to its clients with higher plans. In addition to that, the multiple flexible brokerage plans offered by 5Paisa can also be a little advantageous for volume traders.