View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 17, 2022

India’s BP Wealth launches subscription-based retail brokerage app

Indian wealth management firm BP Wealth has launched a subscription-based retail brokerage app called Stoxbox.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The move marks BP Wealth’s entry into the business-to-commerce (B2C) retail digital broking industry.

Leveraging the firm research expertise, Stoxbox intends to simplify investing for retail investors.

The app will eliminate the need for investors to pay additional brokerage on trading in equity delivery, F&O, currency, commodity, mutual funds, ready-made portfolios, and trading calls among other services.

Stoxbox managing director Yuvraj Thakker said: “We are delighted to launch Stoxbox. We saw the problem that solid investing advice is difficult to come by. When investors accept recommendations from social media groups or watch specific YouTube videos, you run the risk of losing money.

We concluded that competent counsel is just too expensive to obtain, so we developed a subscription pricing model that does not include brokerage costs to save on brokerages and provide advice in the form of professionally curated ready-made portfolios and thematic investing.”

Stoxbox is available on Google Playstore and Apple App Store.

Recent moves by Indian firms

Last week, Indian mid-market lender Vivriti Capital raised an additional $30m to expand access to mid-sized enterprises for regional and global investors.

Last month, a report by Telegraph said that India-based investment technology platform WealthDesk is gearing up to bolster its platform with the addition of regional and small brokers.

In January, wealth management solutions provider INDmoney raked in approximately $75m to transform its finance app into a one-stop solution for investments and expenses.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International