Regulatory changes can also play a role in how the market shapes up, says Sarvjeet Virk co-founder, MD Finvasia Group

Economic indicators like inflation, interest rates, GDP, and employment provide insights into market conditions and future trends. Regulatory changes can also play a role in how the market shapes up, said Sarvjeet Virk,  Co-founder & MD, Shoonya by Finvasia in an exclusive email interview with ZeeBiz.com

Q3. What should investors be mindful about before making financial decisions, in this dynamic environment?

Investors should be aware of market volatility. Elections, trade policies, and global conflicts can significantly impact markets. Don't let short-term fluctuations influence your decisions. Economic indicators like inflation, interest rates, GDP, and employment provide insights into market conditions and future trends. Regulatory changes can also play a role in how the market shapes up. Know your risk tolerance and investment horizon. Align your investments with your goals and time frame. Research thoroughly before investing, understanding asset fundamentals, growth potential, risks, and portfolio fit. 

Q4 How is Shoonya creating a difference in brokerage industry?

Shoonya is rapidly becoming one of India's fastest-growing brokerage platforms by leveraging several key factors. Its true zero-commission trading model eliminates all trading fees and commissions, making it a cost-effective option, especially for new investors and those with smaller portfolios. It also reduces the learning cost, giving new investors an edge and helping them kick-start their financial wellness journey.

Being a Clearing and Trading member, the cost to trade for retail investors is lowest with us. We offer around 16 services that are completely free of charge. We have absolutely no fees or any hidden charges for basic services like account opening and account maintenance - amongst others. Users don’t end up paying for every transaction they make. This is what sets us apart. 

Our focus on technology, featuring user-friendly mobile apps and online platforms, caters to India's growing tech-savvy population, particularly in tier-2 and tier-3 cities. Our data-powered signal-based analysis on the platform helps users navigate complexities and make informed decisions to enhance their portfolios. These features were available mostly for hedge funds or institutional investors globally but now are available for the retail investors in India. Our AI focused plan shall create the next level of financial inclusion and be useful for investors & traders.

Q5. How is the company leveraging utilization of data-powered, signal analysis in empowering investors/traders in wealth creation?

We have partnered with I Know First - a data-powered, signal-based analysis feature that provides valuable guidance to investors. Shoonya’s unique selling proposition is leveraging technology to democratise trading and assist investors in making informed and strategic decisions.

Shoonya offers access to data-driven signal analysis for 1,500 Indian scrips, including large, mid, and small-cap stocks, along with predictions for key Indian indices from NSE and BSE.

Our deep learning algorithms generate colour-coded signals, making market analysis straightforward. Each analysis includes a confidence indicator, clarifying the reliability of stock forecasts, added Virk.

The platform also generates instant heatmaps for stock market forecasts across various time ranges and enables portfolio monitoring, allowing investors to optimise their portfolios with daily AI predictions.

Q6. What are the company's growth plans with respect to technology evolution and enhancement of AI utility?

Shoonya is a tech company that happens to be in finance. Based on this philosophy, we focus on building our tech in-house. We prioritize ease of market access, wealth creation and empower investors using technology. With a swift onboarding process that takes less than five minutes, users can effortlessly open their accounts on either the Shoonya app or website. To safeguard user privacy and security, Shoonya employs a robust two-factor authentication system that requires both biometric and TOTP (time-based one-time password) verification. This multi-layered approach ensures secure access to accounts. Once registered, users gain access to Shoonya's comprehensive multi-asset platform. From a single screen, they can seamlessly trade and invest in a diverse range of financial instruments, including stocks, derivatives (futures & options), currencies, commodities, mutual funds, SIP, bonds, and ETFs. Looking forward, we are building new AI-based cognitive, predictive, and generative solutions for a range of asset classes. The project is still in the development stage, Shoonya holds an NBFC licence and is committed to developing new financial products and solutions that will further enhance the retailers’ experience.