NINE15 FINTECH SERVICES LLP

In their own words

Lets talk about the name NINE15 (9:15AM) is the time when the Indian stock markets open for trading and investing. This name was coined while just casually having our morning tea and watching the opening bell of stock market. Our initial plans had failed. Our initial names where taken by someone already. But this was for good. 9:15 perfectly fits our motive. Our motive is to EDUCATE people about how the stock market works. Now, anyone who hears about stock market compares it to a LOSS making field but that is not correct in any way. People lose money because they are not educated or they lack the knowledge of how to create wealth via stock markets. So our idea is to educate people to invest in the stock market via mutual funds where in your money is managed by experts called fund managers who are highly experienced in the field of stock markets and have been managing assets worth lakhs and thousands of crores. How can stock market be a loss making field when the total AUM with Mutual funds is about 75 lakh crores. It is highly regulated just like banks and NBFCs. We want to change this thought and to advise people to diversify from traditional investments like PPF, FD, Insurance policies to Mutual funds. Why mutual funds ? -no compulsion of payment like premiums in policies -no lockin period or holding period like other investments -can easily sell and liquidate overnight without any exit load or penalty unlike insurance policies where the insurers can eat upto 50% of premium paid for cancelling a policy -mutual funds have outperformed every asset class by giving a minimum CAGR of 12% over the years -insurers also put their money in stock markets but if we calculate returns it is hardly 7-8% with a long lockin period There are many other advantages of investing in mutual funds and we guide people on how to do it. The future plan is to start an advisory firm where we can guide people on trading in stock market via a platform which brings together SEBI RA and retail.

Written by the company on its public Startup India profile. Not verified by us.