Comment on Transfer funds into your trading account

Nithin Kamath commented on 22 Jul 2014, 09:50 AM

Amit,

We are regulated by SEBI and the exchanges. We intentionally haven’t applied or looking at taking an NBFC, because we don’t intend to get into the money lending activity (usually the business that has the highest risk). Our focus is to provide the best execution platform for a trader/investor with tools that can help him stay profitable.

Presently exchanges in India don’t let you place Good till cancelled orders, they are all removed from exchange at the end of same day. Some brokerages like ICICI, have a work around, what they do is in case it is not executed by end of the day, they place the order again for you. We don’t have such a product for now, but we are working on it.

View the full comment thread »