VOL 06 | ISSUE 05 | 2021
Sandeep Bhardwaj CEO, Retail IIFL Securities Ltd
Mr. R. Venkataraman Chairman IIFL Securities Ltd
5 RELIABLE
IIFL Securities Ltd.
STOCK
BROKING COMPANIES
Disrupting the Indian Financial Services Space
Editor’s Note THE TRAILBLAZING STOCK BROKING COMPANIES THAT ARE TRANSFORMING THE INDUSTRY
T
he Indian stock market is vast with a huge network having a wide range of stock market products. To carry out efficient trading and investment, individuals need a reliable stockbroker who would help them to take the right investment decisions in the right manner and at the right time. This is where, the need for selecting the best stock broking companies arises. The leading names in the stock broking industry are not only responsible for managing their client’s money, but also must remain updated about the latest tax laws, market research, and financial news to provide their clients with the best services. People involved in this industry have to work in a stressful, fast-paced environment; however, if the individuals are completely focused on their objective, they can build a bright career in this field. These top companies are authorized members of the stock exchanges (BSE, NSE). They take care of all the
Ananda Kamal Das
ananda@insightssuccess.com
trades at the exchange on behalf of their customers. These companies are always transparent with their customers. As such, they disclose all investmentrelated recommendation and information to the clients- even the risks related to investments in stocks. The prominent stock broking companies initiate stock trades (buy and sell) on behalf of their customers. They carry out these transactions electronically and inperson on a physical trading floor. These companies help their clients to trade their stocks with ease. They understand the needs and interests of the clients and gather knowledge about market fluctuation and reliable and predictable profit. These companies give their very best to fully understand their customers’ investment goals, their financial situation, and risk tolerance. They thoroughly research about their clients’ portfolio and recommend them investments that are suitable for their portfolio. These renowned companies always put the needs of their clients above their own.
They carry out their professional activities while abiding by the rules created by regulatory agencies such as the Financial Industry Regulatory Authority. In this context, the leading stock broking companies carry out all the trades in a fair and honest manner, while meeting the needs of their clients, and not themselves. Hence, in this issue of Insights Success, we present to you Best of 5 Reliable Stock Broking Companies, that are changing the stock broking landscape in India with their dedication and innovative approach.
IIFL
Securities Ltd. Disrupting the Indian Financial Services Space
COVER STORY 08
C O N T
18
Multibagger Securities Research & Advisory A Prominent Leader in Stock Market Expertise and Advisory
26
RURASH Financials Pvt. Ltd. Building a Better Path for your Wealth and Investment
Articles
14
22
Crypto Insights
Digital Broking
Is Cryptocurrency Deranging the Flow of Fiat Money?
Evolution of Stock Broking Apps Online
E N T S
Editor-in-Chief Sumita Sarkar Managing Editor Darshan Parmar
sales@insightssuccess.com
Assisting Editor Ananda Kamal Das
JUNE, 2021
Contributing Writers Ashish, Vrushali, Renuka
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We are also available on Copyright © 2021 Insights Success Media and Technology Pvt. Ltd., All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success Media and Technology Pvt. Ltd. Reprint rights remain solely with Insights Success. Printed and Published by Insights Success Media and Technology Pvt. Ltd. RNI NUMBER: MAHENG/2018/75953
RELIABLE
STOCK BROKING COMPANIES Company Name
Management
Brief
Arihant Capital Markets
Ashok Jain Chairman and Joint Managing Director
Arihant Capital Markets Limited is a leading financial services companies in India offering a gamut of products and services
Mr. Sandeep Bhardwaj, CEO of Retail Business IIFL Securities Limited
Mr. R Venkataraman Chairman and Co-Promoter
IIFL Securities is a leading advisory firm providing diversified financial services and products to corporate, institutional investors, foreign portfolio investors, mutual funds, insurance companies, alternative investment funds, trusts, high net worth individuals, and retail clients.
Multibagger Securities Research & Advisory Pvt Ltd
Manish Goyal Managing Director and CEO
Multibagger Securities mainly focuses on equity research, while particularly focusing on Multibagger stocks.
Rurash Financials Private Limited
Ranjit Jha CEO and Managing Director
Rurash Financials Private Limited is an authorised stock broker for JM Financial Services
Puneet Maheshwari Director
Upstox was founded with the vision of making financial investing easy, equitable, and affordable to all Indian investors.
Upstox
RELIABLE
STOCK BROKING COMPANIES
IIFL Securities Ltd. Disrupting the Indian Financial Services Space
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Fairness, Integrity and Transparency - Fit Is The Driving Force Behind All That We Do Here At IIFL
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C ver ST RY
Mr. R. Venkataraman Chairman IIFL Securities Ltd
Sandeep Bhardwaj CEO, Retail IIFL Securities Ltd
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Founder & Chairman IIFL Group
I
ndian investors opened a record 14.2 million new DEMAT accounts in the financial year end March 2021. This is nearly three times the figure in the previous financial year, as the global pandemic and business disruptions opened-up new investment opportunities. The broking industry’s transformation which started about five years with access to affordable smart phones, high-speed internet, and stock trading apps, just accelerated in the past one year. Smaller towns and cities are the new hotspots. Millennials and other young entreprenuers have a higher share of participation compared to their parents. This is a great time for the broking industry. “We expect the trend to continue and result in massive growth for the industry in the next five years,” says the team at IIFL Securities Ltd. It is one of the key capital market players in the Indian financial services space. The company is a part of the diversified financial services conglomerate IIFL Group, which was founded
“
Nirmal Jain
We Work With People Who Fit Into our Professional Ethos. our Constant Endeavour is to Deliver Befittingly on All Fronts to All our Stakeholders
by legendary serial entrepreneur Mr. Nirmal Jain. Starting from a small research firm - Probity, the group has transformed into a multi-billion-dollar empire in just over two decades. Today the group has three distinct listed entities - IIFL Finance, IIFL Wealth and IIFL Securities - each leader in the areas of non-banking finance, wealth management and broking, respectively. The Founder’s Tale Mr. Nirmal Jain, Founder of IIFL Group, is a rankholder chartered accountant and MBA from IIM Ahmadabad. He started his career with Hindustan Unilever just before Indian economy underwent economic liberalization. Mr. Jain decided to take the entrepreneurial plunge in 1995 and started a research house which produced high-quality research on many Indian companies. Such information was not earlier available with Indian investing community and within no time reputation grew multi-fold.
Mr. Jain then started indiainfoline.com, as a knowledge website for stock market information in the year 1999, the first such website for Indian investors, and the website remains among the most visited website in its category even after two decades. At the turn of the millennium, Mr. Jain disrupted India’s broking industry by providing the most affordable trading to retail investors on an advanced digital platform. In two decades, the company has grown into India’s largest independent non-bank full-service broking and advisory firm present in 2500 locations, with over 23 lac customers and about Rs 3 lac crore of assets under management. Dynamics of IIFL IIFL Securities Limited (Formerly India Infoline Limited) is one of the largest independent full-service retail and institutional broking house along with being a leading investment advisory firm in India providing diversified financial services and products to corporate institutions, institutional investors, foreign portfolio investors, mutual funds, insurance companies, alternative investment funds, trusts, high net worth individuals and retail clients. IIFL Securities has established itself through a combination of leading-edge technology, diverse product offerings, management expertise, and a wide network of branches across India. The Company has developed long-term relationships with its customers with sustained high-quality performance and continues to be their preferred investment partner. The company’s vision is “To be the most respected financial services company in India. Not necessarily the largest or most profitable.” The company is guided by the values - Fairness, Integrity and Trust (FIT). Fairness stands for fairness in our transactions with all stakeholders including employees, customers, and vendors, bereft of fear or favour. Integrity stands for integrity and honesty of the utmost nature, in letter, in spirit, and in all our dealings with people, internal or external. Transparency stands for transparency in all our dealings with stakeholders, media, investors, and the public at large.
Employees remain at the core of IIFL Securities as an organisation and no wonder it is also one of the most liked workplaces in broking industry. The company just received the ‘Great Place to Work’ certification for the third time in a row. Great Place to Work® Trust Index© Employee Survey is world’s most widely used model to understand employee perceptions about their workplaces. TRUST INDEX© Score for IIFL Securities is 81, indicating high trust score, based on responses shared by employees. The employees rated credibility of management at 82, respect for people at 80, fairness at workplace at 76, pride at 85 and camaraderie between people at 82. High Great Place to Work® Trust Index© score positively impacts productivity, innovation, costs, and other business results. IIFL Tomorrow IIFL Securities has brought about many innovations and positive disruptions to Indian broking industry even when digital transformation was in an early stage. The company’s well known Trader Terminal desktop application is a legend among traders and IIFL Markets app revolutionized the mobile-based trading in India forever. IIFL Securities has some of the finest in-house resources and large investments dedicated into technology and innovation, which not only benefits the company but the broking industry. The company also partners, collaborates with multiple fintechs to create the best technology-based customer experiences. It recently hired Mr. Sandeep Bhardwaj as CEO for Retail Business, Mr. Nandkishore Purohit as Chief Digital Officer and Manav Verma, as CMO with a focus on digital customer acquisition. Its team aims to add 10 million customers in the next three years and retain the leadership position. IIFL aims to maintain its leadership position in broking, advisory, financial products distribution, institutional equities, and investment banking areas. The company recently acquired over 11 lac demat accounts of Karvy and aims to add 1 crore more customers in the next three years.
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Mr. R Venkataraman - Chairman, IIFL Securities and Co-Promoter, IIFL Group Mr. R Venkataraman, is the Co-Promoter of IIFL Group, one of India's largest diversified financial services conglomerates. He is also the Chairman of IIFL Securities Ltd. He holds a B. Tech (electronics & electrical communications engineering) degree from Indian Institute of Technology, Kharagpur and received a post graduate diploma in management from Indian Institute of Management, Bangalore. Mr. Rajamani Venkataraman has an experience of over twenty-eight years in the financial services sector. Before becoming the co-promoter and managing director of the IIFL Holdings Limited (now IIFL Finance), he was associated with ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of US and Barclays – BZW, and G E Capital Services India Limited. Mr. Venkataraman has been instrumental in IIFL’s rise as a financial conglomerate. Mr. Venkataraman is one of the leading thought leaders in Indian financial services industry landscape and has shared his wisdom through various forums and media platforms. He is an avid runner and a people person.
Mr. Sandeep Bhardwaj has over two decades of experience in sales, revenue, and wealth management. He has worked with Angel Broking, Religare Finvest, Centurion Bank of Punjab, HDFC Bank and ICICI Group. Mr. Bhardwaj has done executive programs at INSEAD and Indian School of Business in the areas of leadership, marketing, analytics, and innovation. Advising the young generation of entrepreneurs, he says: “Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing. Not only promoters, but also employees need to build entrepreneurial characteristics to success in their profession. The new generation has higher level of understanding and sensitivity about the world. I believe the next generation of entrepreneur will not only create profitable ventures, but also create ventures that gives back to the society and environment for long-term sustainable growth.”
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We Have Come So Far Solely Based On Our Core Values Serving As A Moral Compass In All Our Dealings
“
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We Are Resolute In The Observance Of Our Core Values And Will Let Go Of Any Growth Opportunities That Deem Unfit
Mr. Sandeep Bhardwaj, CEO, Retail Broking at IIFL Securities
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JUNE 2021 | 14 | www.insightssuccess.in
Crypto Insights
Is ryptocurrency
C
Deranging the Flow of
Fiat Money?
C
OVID-19 boosted the digital transition, making 2020 a memorable year for cryptocurrencies. Without a doubt, as bitcoin trends shape the future of finance, 2021 will see huge advances and successes. Even though we are halfway through the year 2021, fresh advancements in the crypto realm emerge every day. We may expect increased crypto adoption and top cryptocurrency trends to rule the crypto industry in the coming six months. Let us find out more about cryptocurrencies and its trends. Who invented the Bitcoin Cryptocurrency? The developers of the Bitcoin cryptocurrency go by the pseudonym Satoshi Nakamoto. Although the name Satoshi Nakamoto is frequently associated with Bitcoin, the real person who bears the name has never been identified, leading many to assume that it is a pseudonym for a person or group of individuals with a different identity. Satoshi Nakamoto is the most mysterious figure in bitcoin, according to most people. It is unknown if the name refers
to a single individual or a group of people at this time. What is known is that Satoshi Nakamoto released a paper in 2008 that catapulted bitcoin development. However, Nakamoto's participation with Bitcoin came to an end in 2010. The last email anybody had with Nakamoto stated that they had "gone on to other things" in an email to another crypto developer. The inability to put a face to the name has sparked a lot of conjecture about Nakamoto's identity, especially as the quantity, popularity, and prominence of cryptocurrencies grew. Bitcoin Bitcoin: A Peer-to-Peer Electronic Cash System was a study that described the usage of a peer-to-peer network to solve the problem of double-spending. Because a tangible note or coin can only exist in one place at a time, the problem of digital money or token being copied in numerous transactions does not occur with physical currencies. Because digital currencies do not exist in physical space, utilising them in a transaction does not necessarily mean that they are no longer in someone's possession. Bitcoin was one of the main reasons for cryptocurrencies to explode in the market.
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Pseudonymity (Near Anonymity) Purchasing products and services with cryptocurrency is done online and does not necessitate the sharing of personal information. However, one of the most prevalent misconceptions regarding cryptocurrencies is that they ensure totally anonymous transactions. They really provide pseudonymity, which is a condition of near anonymity. They let customers to make purchases without having to provide businesses any personal information. A transaction, on the other hand, may be traced back to a person or entity in the eyes of law enforcement. Despite growing worries about identity theft and privacy, cryptocurrency can benefit users. Peer to Peer Purchasing One of the most significant advantages of cryptocurrencies is that they do not require the involvement of a financial institution as an intermediary. The lack of a "middleman" decreases transaction costs for retailers. If the financial system is hacked or if the customer does not trust the traditional system, there is a huge benefit for consumers. For example, if a bank's database was hacked or destroyed, the bank would have to rely entirely on its backups to retrieve any lost data. Even if a section of a cryptocurrency was hacked, the other components would still be able to confirm transactions. Programmable, ‘Smart’ Capabilities Other perks, such as restricted ownership and voting rights, may be conferred to holders of some cryptocurrencies. A cryptocurrency-funded organisation, for example, might embed voting rights in the cryptocurrency's software code. Fractional ownership rights in tangible things such as art or real estate might potentially be included in cryptocurrency. Cryptocurrency Mining
compete to verify pending transactions and enjoy the rewards. This rivalry helps to maintain transactional integrity. Regulation of Cryptocurrencies The regulation of cryptocurrencies is evolving, but because the technology crosses national borders, national authorities have limited impact. It is unclear whether regulatory attempts will be successful because cryptocurrencies were created deliberately to circumvent governmental regulations. Security and Privacy Issues Computer hacking and theft remain major roadblocks to mainstream adoption. These problems have become more prevalent as the use of cryptocurrencies has grown. One of the five major Bitcoin and Ethereum exchanges (Bithumb) was hacked in July 2017, resulting in the loss of customer data as well as hundreds of millions of Koreans Won. Between 2013 and 2016, the FTC reported more than 100 percent rise in identity theft complaints, and account hacking on Coinbase, the largest US-based exchange, doubled between November and December 2016. Other problems arise from the pseudonymous nature of blockchain and Bitcoin transactions. If the item or service is faulty in a conventional centralised transaction, the transaction can be cancelled, and the cash refunded to the buyer. However, there is no central institution in the bitcoin ecosystem to allow redress against the vendor. Cryptocurrencies and blockchain, have the potential to be genuinely revolutionary. Consider an election in which vote totals are validated by hundreds of open-source nodes rather than a single government agency's computer. Your imagination is the only limit.
The term "mining" refers to a process in which bitcoin transactions are validated and new cryptocurrency units are generated. Mining efficiently necessitates both powerful hardware and software. When it comes to verification, a single computer is not strong enough to mine cryptocurrency successfully since your power cost would skyrocket. To combat this, miners frequently join pools to combine their processing resources and distribute miner earnings to pool members. Using specialised gear and inexpensive power, groups of miners JUNE 2021 | 16 | www.insightssuccess.in
-Ashish Chandgude
Manish Goyal CEO
“
IN THE LONG TERM, WE WANT TO BE AN INDUSTRY LEADER
“
E
very person aims to opt for the right investment mechanism which would assist them to ensure a growth in their financial assets. However, once they opt for the best means and the best option to invest, they face the question- which stock broker or mediator to choose, who can help in investing the finances properly? To answer this question, emerge the dedicated stock broking companies, who help their clients in making the right decisions to expand their hard-earned money. One such prominent name in the stock broking industry is Multibagger Securities Research & Advisory Pvt. Ltd. The company was established in Feb 2017 with the aim of bringing quality in the fields of equity research and advisory. It is a SEBI Registered investment advisor which puts special emphasis on identifying Multibagger Stocks. The firm believes that stock investment and trading is a gamble rather than a science and as such, it does not provide any intraday trading tips. In a span of four years since its inception, the company has grown steadily, while earning both domestic and international clients.
Delivering a Plethora of Investment Services Multibagger Securities mainly focuses on equity research, while particularly focusing on Multibagger stocks. Accordingly, instead of looking for stocks that may provide 30-40% returns, the company focuses on stocks that have the potential to become Multibaggers. Throughout its impressive tenure, it has successfully identified some major miltibaggers such as such as Swiss Glascoat, Chaman Lal Setia Exports, KPR Mills, Mold-Tek Packaging, Maithan Alloys, and so on. In 2017, the company received the exclusive right to use the word 'Multibagger' from the trademarks department of the Govt. of India. Currently, the company specializes in only one type of service for long-term investors. Through this package, the clients can avail of 12 undervalued quality small-cap stocks
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Multibagger Securities Research & Advisory A Prominent Leader in Stock Market Expertise and Advisory
Overcoming Challenges Efficiently One of the most important task and challenge for Multibagger Securities in the beginning was to change the mindset of investors from gambling to investing. Majority of investors looked at the stock market as a casino and most of them were engaged in intraday trading or short term trading to make quick money. The company tried and succeeded in educating investors that stock investing is a science and one should take stock investing as a business instead of treating it as a gamble. Percipient Leadership The person responsible for taking Multibagger Securities to the heights of success is none other than Manish Goyal, the CEO of the company. A chartered accountant by profession, he has a long-term vision and a passion to excel in whatever he does. After completing his CA, Mr. Manish worked as a Finance Manager in Ranbaxy Laboratories Ltd. from 2006 to 2010. However, he soon realized that quality time and life is more important than just money. Hence, he quit his job and embarked on the professional journey of stock market investing. Manish is a fundamental/ value investor, who does not believe in technical analysis and opines that charts cannot decide a company's future. He feels that various factors such as PE, ROE, ROCE, dividend yield, and so on can play an important role in deciding whether a certain stock is undervalued or not. To get investing ideas, he starts with a stock screener to filter out overvalued stock, and then carries out further research to identify the best and safest undervalued stocks.
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KEYS TO SUCCESS IN THIS BUSINESS ARE TRANSPARENCY, INTEGRITY, AND HARD WORK
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which has the potential of huge re-rating in a few years. The company also plans to launch different variations of this service in the future, which would suit different kind of investors.
Dedication and Success Team Multibagger Securities believes in the saying that 'numbers don't lie'. Hence, it focused on making wealth for investors with consistency and then its past performance spoke itself. With the every passing month and year, the company's track record kept improving as a result of which investors showed high confidence in its services. Helping the Customers with Dedication Multibagger Securities assists the aspiring customers/ investors in many different ways. First of all, it has provided information regarding a lot of 'Do's' and 'Don'ts' of stock market on its website. This helps investors to avoid making some typical rookie mistakes. It also offers a few great books at the website free of cost which helps investors in learning the basic science of investing. Moreover, the company directly communicates with its customers through Whatsapp and gives them personal guidance whenever required. It assists the customers to ignore the unnecessary noise of the stock market world and focus on what is relevant.
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WE AIM TO OUTPERFORM ALL OUR COMPETITORS IN TERMS OF CAGR OF OUR SUGGESTED STOCKS
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An Employee-Focused Company The company believes that a happy mind is more productive and efficient. Hence, it provides a good quality of life to its employees and provides them with a good working environment to bring the best out of them. It also offers them work from home facility if required. “The thing which makes my team unique is that I choose people who have a passion for research and investing. So they enjoy their work and this increases their efficiency and success ratio”, says Manish. Keeping the Clients First Multibagger Securities dedicatedly serves its clients. As a result, its clients are very happy with its services. “Only complain they have with us is that they found us very late”, says Manish. Because by the time some investors had come into contact with the company, they had already lost a lot of money in intraday and FNO trading on the advice of fly by night tips provider. “I get a lot of emotional emails and messages from investors after they read my website and how it changed their financial life”, he further adds. Embracing technology for Better Outcomes The company emphasizes on using cutting-edge technology to deliver lasting services. Multibagger Securities believes that the partnership of technology and the finance industry can do wonders for the stakeholders in terms of accessibility, profitability, and reliability. The company has also launched a mobile application to provide further
impetus to their excellent services. The Success Factor The company is of the opinion that truth is infectious. The team has always kept focusing on quality equity research, as a result of which the clients were satisfied. This, in turn, led to word of mouth publicity for Multibagger Securities. Opinions about the Industry Team Multibagger Securities believes that the Stock market has changed a lot in last 15-20 years. A lot of new regulations and checks & balances have been introduced by SEBI to protect the interest of investors. The company also believes that retail investors also have become more intelligent with the passage of time. Reaching the Mountain Top Steadily Manish states, “the company graphs are on the uptrend similar to our stock picks ever since we started the company”. He states that the company is catering to clients in approximately 12-15 countries now and its AUM is increasing exponentially. Towards a Future of Endless Possibilities Marching ahead, the company aims to transform itself into a one stop solution for many financial services. Team Multibagger Securities is planning to launch PMS services in near future and after that, it will also foray in other areas of capital markets.
JUNE 2021 | 20 | www.insightssuccess.in
Evolution of
Stock O
nce upon a time, when the second industrial revolution was in its initial phase, another revolution was emerging silently. The banyan tree in Horniman Circle, Mumbai was going to witness the historic moment. In its pleasing shadow, five stockbrokers gathered and started trading in stocks with investment of Rs. 1 each. This moment laid the foundation for one of the largest stock exchanges of the world. In the year 1874, creating destiny for itself, the circle shifted to new area what is called Dalal Street now. This circle of stockbrokers kept increasing gradually and formed an official organization named ‘The Native Share and Stockbrokers Association’. Later in 1957, Indian Government passed the regulation act giving official recognition to the Bombay Stock Exchange (BSE). The Bombay Stock Exchange shifted to Phiroze Jeejeebhoy Towers in 1980 which is its current location. The graph of BSE was rising high with the time. Soon, they needed some tool to measure the performance of BSE, giving birth to the Sensex in 1986. The working of stock market was like an open vegetable market until the year 1995, when the stock market was transformed into electronic trading system. Within only 50 days, BSE was converted into BSE Online Trade or BOLT.
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Bro Apps
Digital Broking
king Online
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Expanding Field of Stock Market with Introduction of Online Apps People are always in search of more profit on their investment. Though banking investment is a safer option, it does not provide high returns. On the other side, stock market can provide high returns to the investment. Hence, it is getting more attention with the time. Digitalization only caused growth of this sector. But the year 2008 came with a devastating crash in the global market. The crisis resulted in major fall of all the share markets. This in turn resulted in a negative attitude towards stock market. People again started looking to invest in the safer options like real estate, gold, or bank FDs. But there is always a dawn after the dark night. Stock market again rose high and started touching new heights with time. The process of buying and selling the shares was still time consuming. People were only able to exchange the stocks if they had laptops or computers. In other case, investors had to depend on the stockbrokers each time they needed to buy or sell their shares. The process was tedious, and investors were not able to exchange shares on the high time. Share price is always very volatile and changes within a fraction of seconds. So, people began looking for new ways to tackle this situation. This need was fulfilled when Securities and Exchange Board of India (SEBI) allowed mobile trading in India, in 2010. Previously the information and nuances of this field were limited to few influential people only. But introduction of smartphones created ripples in the online market. It provided new platforms for online trading. Large part of smartphone users got to know about the share market and started investing into it through the various apps. This expanded growth of stock market to the new levels. Since then, the juggernaut of stock market is just unstoppable.
apps eliminate the frustrating paperwork and formalities. Online trading through apps is more reliable, transparent, and faster way of stock broking. These offer different trading options like Intraday Trading, Swing Trading and Positional trading. You can even invest in Systematic Investment Plans (SIPs) and mutual funds through the apps. Investment has become more flexible with the application of these apps. There is no need to appoint a broker or middle man to start trading. What you need to have is basic knowledge of share market. You have to study thoroughly before investing your money in the share market. There are many options from which you can learn different aspects of share market. You can even learn them through YouTube. Intra-Day is a good way to gain high profits within shorter period. But it carries risks of loss with itself, as it is very fluctuating. You must have core knowledge of share market if you are going for Intra-Day. On the flip side, there are options like SIPs and mutual funds which may have low gains as compared to the Intra-Day, but they are safer than it. You must prepare a plan to investment and then dive into the pool. There were days when ancient people were investing their worth in the cattle. The metal age found a new way to invest in gold and silver. This traditional way was replaced once people were introduced to currencies. It opened many options like real estate, valuable things, businesses etc. But the digitalization introduced whole new ways of investment, and we all know the baton is passed.
Importance of Online Apps in Stock Broking Stock broking apps literally put the share market in the hands of investors. Smartphones provide the luxury of trading remotely through them. Trading is now a cakewalk for the investors. This can be done by anyone from anywhere. What it requires is a good internet connection and some amount of money to invest. Online apps such as Zerodha Kite, Upstox pro, 5paisa, Angel broking, etc. are popular for stock trading. These
JUNE 2021 | 24 | www.insightssuccess.in
Vinayak Ghorpade
Best of 5 Reliable Stock Broking Companies
RURASH Financials Pvt. Ltd. I
t is very important for any individual to choose the right investment people and processes. An expert backed mechanism ensures the growth of their financial assets through guided money management. RURASH underlines their motto through their tagline, "Invest Wealth, Build a Legacy." When it comes to wealth management it is difficult to choose the right investment partners. RURASH with its array of financial concierge services brings along a vibrant history of several success stories of investments in unlisted stocks and shares. This is one reason why our editors picked RURASH while searching for the dedicated stock broking companies that help their clients in wealth management services. Rurash Financials Pvt. Ltd., established in 2019, is an emerging wealth management company based out of Mumbai, India. The company focuses on providing unbiased and hassle-free financial services to its clients across the globe. Rurash has a proven track record with its team of insightful wealth custodians who handle global accounts across Middle East, Kenya, USA, and UK for NRI Investments in India. The very purpose of creating the brand RURASH is to bring about a difference in the current financial services ecosystem by offering customer-focused investment services. The company believes in the mantra, 'client is the king'. Accordingly, it works on bringing the best products to the clients as per the investor's financial goals and risk tolerance. Percipient Leadership The person leading RURASH from the front is none other than Ranjit Jha, the CEO. He is a seasoned asset and investment professional with a proven track record of delivering strong ROI and performance on financial targets. Mr. Ranjit has more than 18 years of experience with financial concierge services for multinational clients. His international associations go as long as 12 years with some
of the leading business groups and NRIs. His significant expertise includes asset management, sell side equity, and fundamental equity analysis in Indian equity markets. Mr. Ranjit has a vision for democratizing the financial distribution sector and simplifying wealth management via fin-tech innovation. Dedicated Services Rurash not only promotes growth with seamless collaboration, but also serves as many clients as possible and assists them in building a long-term legacy of steadily growing wealth. As for long-term goals, the company is striving to become a publicly limited and then listed company. In the future, Rurash Financials Pvt. Ltd. plans on expanding its NRI services in the Middle East, East Africa, UK, USA, etc. Loan against securities is a less-known concept but an upcoming one in the Indian sub-continent. The company is planning to foray in the loan against securities segment. In the initial phase, 5 broad categories of financial instruments will allow asset holders to take a loan against securities. These include: Listed Equity shares, Listed/Unlisted Preference shares, Unlisted Equity Shares, Mutual Funds and Insurance policies. Challenges along the Way Rurash Financials Pvt. Ltd. has overcome its fair share of challenges on its journey towards achieving excellence. Mr. Ranjit says, "I am 39 years old and have never seen this kind of pandemic in my entire life". "It was a confusing chaotic situation, and everything was under lock down. Like the entire world we didn't know what to do, we were just 1 year into the launch and all we did was to keep my nerves in check," he adds. The company decided to stay in the status quo. Fortunately, it was falling in essential services, but as a business decision, the team decided to work from home. Mr. Ranjit opines, "since the culture entails people first, I am glad to share that there were no pay cuts or layoffs at RURASH.".
JUNE 2021 | 26 | www.insightssuccess.in
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To keep the spirits up, the company opened its offices in the midst of pandemic because it wanted to lead the way as a responsible business. Team Rurash believes that they are here to take good care of people and that should be practiced as a culture in their brand. It also managed to grow and moved to a bigger office in the toughest time. "We were sure that this is a clear runaway for us and that looks promising," Mr. Ranjit added. Embracing Technology for better Outcomes Rurash Financials Pvt. Ltd. believes that the digital transformation in broking industry has accelerated the opportunities. The team believes that technological advancements certainly offer easy scalability, cost effective solutions, and time-saving client servicing. Post Covid19, the way end user embraced flexibility is something that was never seen before in fin-tech sector. "This signals that we are on the right track. Our technical team is consistently working on creating more robust and secure systems. We believe that now is the time to live our ultimate goal of being a fin-tech leader." Fostering an Energetic Work Culture The company survived the pandemic with the hard work and dedication of the employees, and managed to grow. The bonding within the team is fantastic and flows from the top to the bottom of hierarchies. The company does not leave its employees during tough times; rather, it strengthens their spirits. Flexibility and openness towards employee ideas is another factor that boosts Rurash Financials Pvt. Ltd. as an employer in the financial services domain. Prepared for the Future As a brand, Rurash wishes to bust the myth that innovation comes from the top level of the organization. The team believes that one needs to be open to ideas and they would see a free flow of executable things. As key players in the finance sector, the company believes in taking calculated
risks. Moreover, as an entrepreneur, Mr. Ranjit knows how much risk to take and how to mitigate them. The company has evolved in terms of technology, people, and clients. It is already going places and reaching out to NRIs far and beyond. Rurash has achieved a happy graph that is moving upward. Advice for the Emerging Entrepreneurs Mr. Ranjit advises the up-and-coming entrepreneurs to find what they love and love what they are doing. He says, "Your passion for your work keeps you driving so sign up to be an entrepreneur once you know what you love. Once on the road of entrepreneurship, patience and consistency is the key". He suggests them to remain persistent, no matter what the situation is. Mr. Ranjit adds, "You will be discouraged by so many things happening around you - keep focus. My professional self has seen the 2008 recession, a monstrous year that was and then the recent pandemic. See them all as learning and evolving opportunities". He advises them to learn how to be accountable and grow as individuals.
JUNE 2021 | 27 | www.insightssuccess.in