The brokerage agency has launched ‘KyaTrade’ app on cell to supply actionable funding concepts for its purchasers and traders. The app permits traders to ‘proper swipe’ the funding thought they like and take motion on it, whereas ‘left swiping’ concepts they don’t. The idea is just like the web courting app Tinder.
“Buyers and merchants are all the time on the lookout for professional suggestions and as soon as they’ve taken a market place, they not often know the following step on their commerce or funding,” mentioned Jimeet Modi, founder and chief govt officer of Samco Group.
The brokerage agency mentioned that its buying and selling concepts on the ‘KyaTrade’ app generated common returns of 8.1 per cent since its in-house launch on April 14.
“With KyaTrade, we’re offering the one platform within the nation that offers you excessive conviction concepts with an auto in-built danger administration system that controls your worth of entry, place sizes, targets, and cease losses,” mentioned Nirali Shah, head of fairness analysis at Samco Securities.
Customers will likely be required to open a brokerage account with Samco Securities and will likely be charged a flat brokerage payment of Rs 20 per order throughout segments.
Samco Securities’ efforts to gamify the inventory market investing course of is symptomatic of the continuing technology-driven disruption within the Indian broking business that has been triggered by the wild success of new-age brokers like Zerodha, Upstox and Groww.