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A new Sebi role is creating a snag for Robo Wealth Advisers SECTIONS Share Synopsis With the Securities and Exchange Board of India (Sebi) insisting on a physical agreement between financial advisors and investors, a move that will increase the costs of acquiring clients, these new-age firms providing algorithm-driven investment advice known as robo advisory are revisiting the viability of such platforms in their current form. ThinkStock Photos NSE Explore Now fintech firms, prompting some large firms to scrap plans to be in the business. With the Securities and Exchange Board of India (Sebi) insisting on a physical agreement between financial advisors and investors, a move that will increase the costs of acquiring clients, these new-age firms providing algorithm-driven investment advice known as robo advisory are revisiting the viability of such platforms in their current form. ....
Online brokerages invest in financial influencers SECTIONS Share ETtech Illustration: Rahul Awasthi Online brokerages flush with funds are tapping into financial services influencers and content creators to aggressively target young investors warming up to financial markets, amid a global stock market boom. Over 10 million new demat accounts were added in India last year, BSE data showed. Of these, many were debutants on online investing platforms. These first-time investors have been helped along by content creators and financial influencers on social media platforms, including Google-owned YouTube and Facebook-owned Instagram, who are teaching the mostly under-30s audience the basics of investment – for instance, how to read a draft red herring prospectus. ....
Rake it in SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch India’s financial influencers are having a moment in the sun. Keen to tap their huge followings, online stock brokerages are lining up to offer them hefty commissions in exchange for more users. Also in this letter: Delhi police descend on Online brokerages are fueling the financial inluencer economy Hi, it’s Apoorva. Financial influencers are much in demand these days as India’s online stock brokerage firms, flush with cash, tap the growing community to bring some of their followers and viewers onto their platforms. ....
You may actually be dissaving by putting money in savings instruments By IANS | 1 Views Piggy bank.. Image Source: IANS News Mumbai, April 16 : You may not have noticed it but the actual interest rate that you are getting on your bank deposits and investments in small savings schemes has fallen into the negative territory. This means that the return on investments is not yielding any positive value but only covering for higher inflation and savings may actually be falling in their real value. The situation has emerged in wake of a sharp fall in deposit rates due to aggressive rate cuts by banks in response to the Reserve Bank of India s (RBI) reduction in the benchmark rates, coupled with a rise in consumer prices. What this meant is that the real interest rate (actual return that you get on your savings minus inflation) has been pulled into the negative territory, disincentivising savings. ....
Planning to Invest in IPOs? Here Are the Risk Factors You Should Know FOLLOW US ON: Companies need money to operate and they can be sourced from bank loans, other borrowings or by raising capital through share issues through an initial public offering (IPO). The IPO offering is a process of issuing shares of a private company to the public in new stocks. Such offerings allow the company to raise capital from public investors who invest in the IPO in exchange for shares in the enterprise. The issuance of shares happens in a separate section of the stock market, called primary market. Once the shares are issued to investors, they get listed on the secondary market, where they get traded on a daily basis. A company may issue thousands of shares at a time and for each share, the investors pay a certain amount. The total funds a company gets for its shares is the capital raised. They use these funds/capital for operating their business and this process is called as listing ....