RKSV
 | |
| Private | |
| Industry | Online Stock Broker |
| Founder |
|
| Headquarters |
Trade Centre Building BKC, Bandra (E), Mumbai, Maharashtra, India |
| Products | Stocks, Options, Futures, Commodities, Currencies |
Number of employees | 90 (November 2014) |
| Website |
www |
RKSV is an India-based discount brokerage company headquartered in Mumbai, India that holds memberships with the NSE, BSE, MCX, and MCX-SX. The company allows retail investors and institutional corporations in India the ability to invest in stocks, futures, options, currencies and commodities at lower rates compared to traditional full-service brokers.[1]<ref = name="hbl">"Aiming to replicate US, Europe brokerage fee concept in India". The Hindu Business Line. 2013-11-10. Retrieved 2014-11-14.</ref>[2]
Investors can place their orders using an electronic trading platform or by phone.<ref = name="oifc">"Case Study - RKSV Securities". Overseas Indian Facilitation Centre. 2014-10-01. Retrieved 2014-11-14.</ref> Transactions related to the commodity exchanges are handled by a sister company RKSV Commodities India Pvt. Ltd. which is fully owned by RKSV Securities India Pvt. Ltd. Collectively, it is referred to as just RKSV.
History
RKSV was formed in 2009 by three cofounders: Raghu Kumar, Ravi Kumar and Shrinivas Viswanath.<ref = name="ET">"How a two-year-old firm is hitting a daily turnover of Rs 4,000 crore today". Economic Times. 2014-09-16. Retrieved 2014-11-14.</ref> Prior to being RKSV founders, the first two of the three co-founders, Ravi and Raghu, who incidentally are brothers, ran their own proprietary trading fund in the US before moving to India. And for the next three years the company only did proprietary trading.[1]
In 2011-12, RKSV opened up to general public by entering into retail brokering, and launched India's first online-only unlimited trading plan that allowed retail traders to cut down considerably on their brokerage costs.[1]<ref = name="oifc"/><ref = name="hbl2">"Boom for discount brokers, gloom at large operators". The Hindu Business Line. 2013-11-16. Retrieved 2014-11-14.</ref> This was soon followed by a blanket-brokerage package that allowed their customers to trade without limit for Rs. 1947 per month. Apart from introducing a flat-fee pay-as you-go trading, they launched many new brokerage plans over the time, including 5 free trades per month in 2014 that supposedly was intended to increase the investor participation.<ref = name="iifl">"RKSV offers free trading plan for investors". India Infoline. 2014-03-31. Retrieved 2014-11-14.</ref>
Trade Academy
Trade Academy is the educational arm of RKSV. Trade Academy is a free educational portal founded with a goal to educate people in the field of equity & derivatives markets. It's aimed at first time users who want to learn and understand the nuances of trading.
Upstox
Upstox is the forthcoming trading platform from RKSV. The suite of products includes native mobile applications, web trading platform and a desktop trading platform. It offers features such as charting indicators, margin trading, margin against shares, and zero brokerage trades on Equity stocks for delivery.
References
- 1 2 3 "Raghu Kumar Disrupting Broking With a Flat Fee Model". Forbes. 2014-02-12. Retrieved 2014-11-14.
- ↑ "Discount broking not yet, say brokerages". Business Standard. 2014-11-10. Retrieved 2014-11-17.