ITV

Tag: Shoonya by Finvasia

  • Six key market trends to watch during the festive season

    Six key market trends to watch during the festive season

    Mumbai: Elevated spirits, general optimism, and an auspicious period arrive with India’s festive season. Characterized by gift-giving and robust spending on travel and other discretionary items, the festive season marks a crucial period of the year where economic activity surges. Ever wondered what impact this time of the year may have on the country’s financial markets? With the advent of online trading platforms like Zerodha, Shoonya by Finvasia, Groww, Upstox, and many more, share market experiences have increasingly become accessible, and each day, more and more people take to the world of trading in hopes of generating wealth and building towards a financially secure future. Here, we take a look at six stock market trends that investors should watch out for, this festive season:

    1.   Increased Demand For Consumer Discretionary Stocks

    Consumer discretionary stocks are those of companies that sell products and services that are not essential for everyday life, but are still in high demand during the festive season. Examples include companies that sell clothing, electronics, and home appliances.

    Stocks of companies that sell products and services which may not be essential for everyday life, but still witness high demand during the festive season, are known as consumer discretionary stocks. These companies may be fashion clothing brands, electronic goods retailers, or retailers of other durables. Investors can expect to see increased demand for these stocks during the festive season, as consumers look to purchase new items for themselves and their loved ones.

    2.   Strong Performance By Small And Mid-Cap Stocks

    Small and mid-cap stocks are often more undervalued than large-cap stocks and can offer better returns. During the festive season, small and mid-cap stocks can outperform large-cap stocks as institutional investors tend to focus on large-cap stocks. Investors should consider investing in a basket of small and mid-cap stocks during the festive season to maximize their returns. Platforms like Shoonya by Finvasia, a true-blue zero-brokerage trading platform, offer advanced AI-powered tools to help investors make enhanced trading decisions, increasing their chances of achieving long-term success.

    3.   Increased liquidity

    Increased economic activity may lead to higher trading volumes during the festive season, further resulting in more liquidity in the financial markets. This means that it is easier for investors to buy and sell stocks, as there are more buyers and sellers in the market. This can be beneficial for investors who are looking to enter or exit positions quickly.

    4.   Sectoral rotation

    During the festive season, investors may rotate from one sector to another, depending on their expectations for performance. For example, investors may shift from defensive sectors such as healthcare and utilities to more cyclical sectors such as consumer discretionary and industrials. Investors should carefully consider their investment goals and risk tolerance before making any sector bets.

    5.   Increased volatility

    The increased trading volume and liquidity during the festive season can also lead to increased volatility in the stock market. This is because investors are more likely to react to news and events during this time, and there is more potential for price swings. Investors should be prepared for increased volatility during the festive season and use risk management strategies to protect their portfolios.

    6.   Special dividend announcements

    Some companies may announce special dividends during the festive season to reward their shareholders. This can lead to a spike in the price of these stocks, as investors look to buy in before the dividend is paid out. Investors should be on the lookout for special dividend announcements during the festive season, but they should also carefully consider the company’s financial health and dividend payout history before making any investment decisions.

    Conclusion

    Before going all in on the festive season rush in hopes of lucrative returns, investors must take steps to ensure that they make well-informed decisions. Thorough research into the fundamentals of companies is imperative for investors, and they must diversify their portfolios to mitigate risks. Stop-loss orders and position sizing can be used through online trading platforms like Zerodha, Shoonya by Finvasia, Upstox, Angel One, etc. to deploy effective risk management strategies. As the festive season progresses, India’s financial markets present investors with opportunities like never before. With these trends in mind, investors can better position themselves to take advantage of opportunities and mitigate risks during the festive season in India.

  • “Shoonya is at the forefront of a revolution in the Indian trading landscape”: Shoonya by Finvasia’s Sarvjeet Virk

    “Shoonya is at the forefront of a revolution in the Indian trading landscape”: Shoonya by Finvasia’s Sarvjeet Virk

    Mumbai: Shoonya by Finvasia is India’s leading multi-asset trading platform, co-founded in 2013 by brothers – Sarvjeet Virk (MD) and Tajinder Virk (CEO), also ex-Wall Street professionals. The vision behind Shoonya is to empower Indian traders and investors by enabling them to make smart financial decisions and achieve investment goals through an innovative and user-friendly trading platform. Finvasia is a regulated financial institution that provides a secure, reliable and credible trading platform for its customers.  

    Sarvjeet, along with his brother Tajinder Virk, has established an ecosystem which is disrupting the financial sectors globally. He had the vision to offer innovative and real-time end-to-end financial solutions that cater to the needs of all investors, regardless of their experience level. Thus, Shoonya was set up with the aim to make investing accessible and affordable for everyone through the Zero Commission model, a customer-first approach to investing and an innovative multi-asset platform that offers cutting-edge tools and advanced compatibility features.

    Indiantelevision.com caught up with Sarvjeet Virk in an email interaction, where he shares additional insights on the company.

    Edited excerpts

    On Shoonya claiming to be a ‘True Zero Trading Platform’

    Shoonya is at the forefront of a revolution in the Indian trading landscape. Since its inception, we have focused on providing traders with affordable trading solutions that democratize trading and encourage more people to become traders. From process innovation offered through our Zero Commission model to AI-led technological innovation, Shoonya has disrupted the trading community in India and created a positive impact for the investors at large.

    Our Zero-Commission model not only sets us apart from the competition but also makes us a ‘true zero trading’ platform. We brought process innovation to the Indian trading landscape with the Zero-Commission model with 16 zero charges, eliminating brokerage fees, clearing charges, and hidden costs. We have made investing accessible and affordable for every individual, irrespective of their investment size or experience level. This disruptive approach has not only attracted a vast user base but also empowered countless investors to participate in the financial markets confidently, democratizing trading like never before.

    On the other hand, we have led technological innovation with the industry-first AI-powered analytic tool that enables our customers to anticipate market movements, make well-informed decisions, and optimize their portfolio performance. It utilizes AI and machine learning to analyze extensive credible data of up to 1500 Indian scrips, providing predictive analysis and colour-coded signals for traders across many time horizons. It helps traders manage their risks and exposures, understand market volatility and optimize risk-reward ratios for robust strategies and save valuable time on research.

    On the I Know First association enhancing the decision-making capabilities of traders

    At Shoonya, we aim to empower traders with an innovative and user-friendly trading platform that enables them to make informed decisions and achieve their investment goals. Taking this vision forward, we partnered with I Know First, a globally-renowned AI-powered market analytics platform. With this partnership, we have introduced the country’s first AI-based feature to predict market movements and signals for different stocks.

    The AI-powered platform provides analytics for up to 1500 Indian scrips, which includes stocks and indices from NSE and BSE. Our customers get the benefit of an AI-powered analytics view for all types of capitalization ranging from small to mid to large, helping them decide whether to hold, create or exit positions. The cutting-edge tool enables users to make informed decisions and optimize their portfolios.        

    On the customer responding to IKF and AI-driven trades showing an uptick on the platform

    I Know First seems to be slowly but surely gathering attention by the platform users. AI model analysis is done on market indices to give wider perspective to our clients.

    I Know First brings powerful AI based deep learning technology to the Indian traders. The Predictive Algorithm’s ability to identify the best opportunities and stock picks on a daily basis using extensive data research and analysis is unparalleled. The I Know First AI algorithm is being trusted by the world’s leading hedge funds, investment houses, banks, family offices, brokerage firms as well as high-net-worth individuals, allowing them to gain a competitive edge. This is a powerful feature for every Indian trader and it goes beyond the traditional advisory methods. We are confident that I Know First’s cutting-edge technology combined with Shoonya’s customer-centric approach will revolutionize the investment strategies of Indian traders. I Know First presents users with colour-coded Signals that enable easy interpretation of market movements and quick trading decisions. The dark green (BUY) and red (SALE) signals indicate strong market trends, while the light green and red signals represent weaker signals. I Know First’s Instant Heat maps is a predictive algorithm that allows you to generate instant heat maps for stock market forecasts across different time horizons of 3Ddays, 7Days, 14Days, 1Month, 3Months, and 1Year periods.

    Furthermore, Shoonya’s clients can even analyze their existing holdings and make smarter decisions to rebalance portfolio based on investment strategies.

    Uptick:

    This feature was rolled out specifically for the users of the web version, and they are currently undergoing a free version. As a result of which the users are sampling the product. Given the positive adoption of the web users, we expect an uptick on the app version of I Know First.

    On the market potential Shoonya is targeting and any aims for projections for 2024

    As of July 2023, India has an astounding 123.50 million Demat account holders, which is our target audience. We are targeting everyone from newcomers and passive investors to active traders, intra-day traders and long-term investors. Our Zero Commission model, along with our customer-first approach, is making investing accessible to everyone, empowering them to participate in the financial markets confidently.

    We see some level of saturation in the metro cities with regard to opening of Demat accounts and rightly so, because the entire fintech world is targeting the same population. We see tier 2, 3 and 4 cities as our target markets and mostly in our opinion the next wave of growth of demat accounts will come from here. These markets also serve as hotbed for fulfilling India’s financial inclusion goals.

    Specific to the Company goal, we’re aiming to be among the top 10 brokers in the next 18 months based on the number of active clients.

    On Shoonya breaking stereotypes in the broking industry in India

    By design Shoonya was envisaged as a 0 brokerage business. The highest value of such a 0 brokerage model is derived by people who trade very frequently, which would encompass intraday traders & F&O traders. Given that our focus is on this segment, as mentioned earlier we’ve introduced I Know First feature to empower data based decision making, by unlocking the power of AI & ML. Further, we will soon be introducing the Account Aggregator onboarding module, where clients can share their declared accounts, with us for a seamless onboarding process. The earlier bottleneck where clients had to manually submit 6 monthly bank statements, will be eliminated and the onboarding process will be digitized.

    On the company revenue for FY 23

    Year end 2023, Shoonya witnessed a YoY growth of 150%. The year 2023-2024’s expected growth pattern is even better than that of the previous year based on Q1. The upswing is a resultant of better growth led by acquisitions and surge in account openings along with trading volumes till date. We anticipate high revenue as we continue to focus more on new product and features for clients.

    On the active user base currently and key insights witnessed on the app

    Currently our active user base is close to 1,50,000 users. Interestingly, we’ve seen an over 300% rise in customers in the age group of 0-24, in Q1 2023-24 compared to Q1 2022-23. Similarly, there is an over 200% rise in the age groups of 25-34 & 35-44 respectively, in the same period.