5Paisa.com, India’s most affordable discount broker, today announced the launch of their partnership with Smallcase Technologies to provide low-cost investment products to their clients. 5Paisa.com mobile stock trading app has over 20 lac users, the highest for any discount stock trading app.
Small cases are baskets of stocks & exchange trade funds (ETFs) that help investors’ take portfolio exposure with zero expense ratio. Since the underlying securities are held in the investor’s demat account, they have complete control and transparency into their investments.
This partnership will allow 5paisa customers to invest in smallcases based on themes, ideas & strategies – like GST, smart cities, investment strategies, sector trackers, smart beta models.
The 5Paisa Research team has also built their own smallcase of stocks that are their top picks for the year 2019 which have strong fundamentals & earnings momentum.
Speaking about the launch, Prakarsh Gagdani, CEO of 5paisa, said, “smallcases are a new addition to our research offerings. We are happy that first-time investors can now take advantage of smallcases to build their portfolio.”
Vasanth Kamath, co-founder and CEO, smallcase Technologies, said, “5Paisa is one of the fastest growing brokerage firms in India, with a strong focus on product offerings & technology. We are thrilled to have smallcases on 5Paisa, and make it simpler & cost-effective for a new investor to get started”