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IDBI Capital woos retail investors with new portal

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Mr Sushil Muhnot, MD and CEO IDBI Capital, and Mr V.K.Saxena, Chief General Manager IDBI Ltd, at the launch of "idbipaisabuilder.in" in New Delhi on Wednesday. - - Sandeep Saxena

New Delhi , Jan 4

IDBI Capital, a wholly owned subsidiary of IDBI, today launched an investment portal, www.idbipaisabuilder.in, to primarily help retail investors make informed equity-oriented investment decisions.

"The main purpose of this portal is to help the retail investor, especially the small investor, in minimising the risk in equity investments. We will handhold the retail investor at all stages of investing - information, analysis, and execution," Mr S. Muhnot, Managing Director and CEO, IDBI Capital told newspersons.

He also said that most of the retail investors have not taken advantage of the stock market rally, as they perceive equity investments as a risky proposition.

"The portal would help the retail investor minimise the risks through good stream of information and analysis. It is prompt and reliable information and good research that would help a retail investor take the right decision."

3-in-1 account: Apart from the comprehensive information and analytical tools showcased in the portal, a retail investor can opt for the 3-in-1 account, which combines bank, depository participant, and trading accounts.

A one-time fee of Rs 700 (including the legal fees of Rs 360) would be charged for opening a 3-in-1 account.

Tie-up with CMIE: For comprehensive information on the corporate sector (4,500 listed companies), economy and latest news and analysis, IDBI Capital has entered into tie-ups with the Centre for Monitoring Indian Economy (CMIE) and Multex (a subsidiary of Reuters).

Separate platforms form new and old investors: IDBI Capital officials said that one of the differentiating factors of the company's portal is the presence of two platforms - `Paisa Power Classic Account' for relatively new investors and `Paisa Power Streaming Account' for active investors in the BSE and the NSE.

"The streaming account provides complete visibility about market changes when transactions are put through," an official said.

For taking the investment portal to users without Internet access or are located in non-metros, IDBI Capital is looking to appoint 350 franchisees all over the country.

Currently, the portal enables investors to make investments in IPOs, mutual funds, and the secondary equity market.

Asked whether the portal would also provide guidance on debt-related investments, Mr Muhnot said that the retail investor could use the mutual fund route for debt-oriented investments.

He added that IDBI Capital plans to provide a platform for futures and options (under the portal) in the next three months.

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