How RAIN is democratising algo and quant trading for retail investors - IdeapreneurIndia-Entrepreneur's Daily Dose

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Wednesday, September 8, 2021

How RAIN is democratising algo and quant trading for retail investors

Raghu Kumar

 

How RAIN is democratising algo and quant trading for retail investors

“Investing in mutual funds adds value to people who have crores of rupees and earn returns in tens of thousands. Retail investors with a corpus of Rs 1 lakh to Rs 10 lakh will not really see any substantial value addition from investing in mutual funds, even if they remain invested for a longer-term…the returns they earn make very marginal difference to their net worths,” he adds.


That sounds good and easy on paper. But a majority of Indian retail investors are young and don’t understand the ‘share bazaar’ completely. Even for the savviest, well-read investors, algorithmic and quantitative trading is beyond their ken because it takes some deep-diving into the world of financial markets to really understand what the squiggly lines on the many charts mean.


And while there are brokers, investment managers and traders who can help with that, it’s a task and a half to seek them out, sign up with them, pay hefty brokerage fees, and let them make money decisions on your behalf.


Enter RAIN Technologies, co-founded in 2020 by Harsh and Raghu Kumar, who has founded India’s second-largest online trading platform Upstox


Stock markets are the answer to that conundrum — and if you really think about it, it does make sense too. Every big investor today, from Warren Buffet to Rakesh Jhunjhunwala, grew their wealth by playing the market, whether it was via sentiment trading or quantitative trading.

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