Working on AI to provide quality research'
Business Standard|May 10, 2024
Share.Market, PhonePe's stockbroking platform, is launching an "Intelligence Layer on Stocks", a factor-based analysis of each stock, a first of its kind in the discount broking industry, says UJJWAL JAIN, chief executive officer, Share. Market. In a video interview with Peerzada Abrar, Jain says factor-based analysis streamlines stock research for investors. Edited excerpts

Why did you start Share.Market?

We started in 2016 with WealthBasket, the product. The number of people who opened demat accounts in India for the longest time was a very small market. After the discount broking era started and the complete digitisation of the KYC (know your customer) journey came into play, this easy online process gave power of attorney for moving securities. All of that set the foundation for people across India to open an account on the mobile or web without any physical touch points. That means that you can go to the remotest part of the country where people know about markets but don't have physical touch points. They can simply come on the app and open an account. Covid-19 became the catalyst in expanding the category. Today in 2024, we have reached a point where in the past two months we had the highest demat accounts opened in a month. The category is expanding.

この記事は Business Standard の May 10, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の May 10, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

BUSINESS STANDARDのその他の記事すべて表示
Women share in urban salaried jobs at 6-yr low
Business Standard

Women share in urban salaried jobs at 6-yr low

The share of women employed in regular ☐ salaried jobs in urban India hit a fresh low in the January-March quarter (Q4) of 2023-24 (FY24).

time-read
2 分  |
May 20, 2024
NARAYANAN VAGHUL (1936-2024) 'Vaghul style of leadership created a factory of leaders'
Business Standard

NARAYANAN VAGHUL (1936-2024) 'Vaghul style of leadership created a factory of leaders'

RENUKA RAMNATH My first encounter with N Vaghul, was in 1986, when I joined ICICI as a junior officer on probation.

time-read
2 分  |
May 20, 2024
Gold loans still shining
Business Standard

Gold loans still shining

Regulatory scrutiny of such lending is growing but it is unlikely to slow down business, reports RAGHU MOHAN

time-read
3 分  |
May 20, 2024
MIGRATION, PROMOTION, CONVERSATION
Business Standard

MIGRATION, PROMOTION, CONVERSATION

What lies ahead for the India-EFTA free-trade deal?

time-read
5 分  |
May 20, 2024
A higher interchange is critical for ATM business'
Business Standard

A higher interchange is critical for ATM business'

A decade after white-label ATM operators (WLAOS) came into play, only a shade more than 30,000 units have been set up by them.

time-read
2 分  |
May 20, 2024
Closure of old credit card can negatively impact credit score
Business Standard

Closure of old credit card can negatively impact credit score

If the card is old and expensive but not useful, downgrade it to a no-fee card

time-read
4 分  |
May 20, 2024
Business Standard

'Market assumes easy re-election for incumbent govt'

The recent spike in volatility, often observed preceding big events, is compounded by quarterly earnings and a renewed focus on China, according to PRATIK GUPTA, chief executive officer and co-head of Kotak Institutional Equities.

time-read
3 分  |
May 20, 2024
Valuation swell prompts balanced advantage funds to lower sails
Business Standard

Valuation swell prompts balanced advantage funds to lower sails

ADJUSTING TO MARKET TIDES: Large BAFs trim net exposure to below 60%

time-read
2 分  |
May 20, 2024
Japan's stock market dawn: The new Land of Rising Equities
Business Standard

Japan's stock market dawn: The new Land of Rising Equities

CLEAR SKIES AHEAD: Chris Wood of Jefferies spots promise in its bank stock breakout

time-read
2 分  |
May 20, 2024
Business Standard

USA Inc: Woke vs greed

It's been 14 years since Goldman Sachs was vilified as a \"vampire squid\" by Matt Taibbi in Rolling Stone.

time-read
3 分  |
May 20, 2024