September 2019 --> 234338 [last month addition: 22104]
October 2019 --> 264712 (Current Month Addition 30374)
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Is anyone still tracking this stock? Would like to ask a few questions about it if so.
Regards,
Satvik.
Disclosure: Invested
5Paisa received P2P license
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Decent month on month addition
October 2019 --> 264712 (Last Month Addition 30374)
November 2019 --> 294850 (Current Month Addition 30138)
RKSV is maintaining good lead 375702
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Why don’t they wakeup and clean their interface. Upstox has surpassed them in numbers handsomely.
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They are focusing on adding more and more services. They recently received license for Investment Advisory services from SEBI and licence for P2P lending platform from RBI. Not sure if they are trying to be a discount broker or a full service broker.
Also it is not clear how they plan to cross sell P2P loans to stock market investors and traders, but it may help them to get lenders on the P2P platform as Investors may also lend on P2P platform in order to diversify.
One thing looks sure, that there costs are not going to come down in a hurry, and therefore it is not going to show profit in very near future.
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[quote=“kapilgokharu, post:25, topic:22423, full:true”]
Decent month on month addition
November 2019 --> 294850 (Last Month Addition 30138)
December 2019 --> 324809 (Current Month Addition 29959)
RKSV is maintaining good lead 446197
Zerodha at 1159284
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Results:
Loss of ₹217.38 Lakhs against ₹349.98 Lakhs QoQ and ₹452.12 Lakhs YoY.
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Anyone knows where to get broker wise no. of broking accounts data?
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In last 3 months 5paisa has released 4 new apps on play store:
5paisa Loans - Online Personal Loan
5paisa School Stock Market Education, Learning App
5paisa Money – Partner App, Become Partner & Earn
Invest: Mutual Fund App by 5paisa. SIP, ELSS @ 0Fee
They have started their p2p lending business. 5paisa will take fee from both borrower and lender whereas some other p2p businesses charge fee to borrowers only.
Borrower fees:
-
Processing fee:
A processing fee of 2.5% of the loan amount is levied and gets automatically deducted from the loan amount before disbursal. -
Late payment Fee:
If borrower fails to pay EMI on time, a late fee of 24% per annum will be charged on the EMI amount.
Lender:
- Processing Fee:
The fee applicable is processing fee charged at 1.5% of the disbursed amount.
Apart from p2plending app, they have launched an leaning app for new investors in stock markets. With learning content in English and Hindi.
Their 5paisa money app is a partner app through which any person can earn money by referring clients and getting their account opened with 5paisa. The referral will give a person a fixed fee plus a share of brokerage earned on trades executed by referred used. I think Upstox also has similar brokerage sharing referral program. Unlike Upstox and Zerodha, 5paisa also charges brokerage on delivery trades.
Lastly, they have lost market share last month. Groww which had launched its broking services recently has gained almost 1% market share. Paytm Money has also started beta testing its brokerage platform. Competition in this space is heating up.
Disclosure: Invested a very tiny amount, the stock ran up too fast before I could accumulate.
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The company has 8.21 lacs active Demat now.
https://www1.nseindia.com/invest/content/arbitration_reports/report_1c_2020_21.htm
The stock has again gained momentum. Though more competition has come up, all are optimist of getting new gen to invest/ trade.
Seems to be buy at current price.
Any comments
Any one using 5paisa lately? How’s the interface and how smoothly does it work?
I am useing it since 2 years. Their interface is good and trading app too. Everything is good till u don’t need their customer service. Customer service is worst, I had plenty of previous Experiance , they don’t have even basic knowledge of market functioning. But recently I have heard it’s improving.
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Would be great to hear from all of you on your view on 5Paisa top and bottomline for the next 3-4 years
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CRISIL Ratings has taken note of the order dated March 14, 2024, passed by Multi Commodity Exchange of India (MCX) followed by a similar order by the National Stock Exchange (NSE) on the same date, imposed on 5Paisa Capital Limited (5Paisa) – restricting the company from onboarding new clients across all segments for a period of 15 days or till the company submits a complete Root Cause Analysis (“RCA”) along with documentary evidence; the same is further analyzed by MCX, and MCX satisfies itself about corrective measures taken, whichever is higher. This order was subsequently revoked by MCX on March 15, 2024 followed by NSE on March 17, 2024.
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