By Dominick Rodrigues
Mumbai : Samco Securities — a fintech startup — has recently launched ‘KyaTrade,’ an instant trading ideas and recommendation App that live streams fresh, actionable and high-conviction equity trading and investment ideas with a favourable reward-risk ratio.
This App comes as a disruption in an industry-first initiative for lakhs of new investors eyeing equity markets as an alternate source of income — but having no clue beyond opening their demat and trading accounts, Jimeet Modi, Founder and CEO, Samco Group, adding that these are high-conviction ideas curated by Samco’s research experts along with solid machine-led execution strategy.
Noting Samco’s being at the forefront in solving real-world challenges faced by investors and traders in equity broking markets, Modi said while entering the markets was easy by just signing up for a broking and demat account, making a risk-adjusted source of income from trading or investing in the markets remained an “evolutionary challenge”.
“Investors and traders are always looking for expert recommendations and, once they’ve taken a market position, they rarely know the next step on their trade or investment. With KyaTrade, we are solving exactly that problem,” he said.
Describing ‘Profiting from the stock markets’ as no easy task where one competed with high-frequency traders, Nirali Shah, Head of Equity Research, Samco Securities, said that this could be as easy or as difficult as picking the right stock at the right time and making it a profitable investment or trade.
“With KyaTrade, we are providing the only platform in the country that gives you high conviction ideas with auto in-built risk management system, that controls your price of entry, position sizes, targets, and stop losses. Moreover, we have different strategies for traders and investors making it a win-win for all,” he added.”
While KyaTrade has been launched alongside providing a free trial to select customers and in-house teams, it has different solutions for investors and traders in the markets because both kinds of participants have completely different portfolios, risk profiles and objectives. Subscribers can experience both intraday and investment plans of KyaTrade at just Re. 1 for the first month.
The SAMCO Group — a fintech start-up headquartered in Mumbai — is one of India’s fastest growing companies in the Discount Broking Industry with over 110,000 customers and focus on solving problems at affordable cost for customers — who actively trade or invest in the Indian capital markets with the use of algorithms, data science and artificial intelligence.
Earlier, in 2018, the company raised $7.5 Mn (Rs 49 Cr) in a Series B funding round from existing promoters and London-based investment management firm Bay Capital Investment Partners. Prior to that, Series A funding of $3 Mn (Rs 20 Cr) was raised by the company in FY 2016. Different investment tools are offered on SAMCO platform’s such as StockNote, RankMF and StockBaskets, which eases the process of saving and creating wealth.
