The brainchild of Bonanza Portfolio, the online trading platform Bigul is gearing up to expand its reach in India’s dynamic financial markets. They plan to introduce Mutual Funds services that cater to both traders and retail investors. With the promoters of the company retaining full ownership, Bigul aims to expand its footprint beyond its existing presence in Maharashtra, Rajasthan and Madhya Pradesh.
Speaking about the growth plans, Atul Parakh, CEO said, Bigul, said, “The company started by developing mobile apps, API solutions, and seamless digital integration, which laid the foundation for a dynamic transformation in the commerce industry. Leveraging the power of technology, data analytics and innovation, Bigul aims to give individual stock market traders and investors access to technology and advanced tools that were previously exclusive to institutions or advanced market participants stock.”
Mutual funds provide a convenient and cost-effective way for investors to participate in a diversified portfolio of stocks or bonds. The Bigul integration will streamline access and management of these investments for traders. Since its inception in 2022, Bigul has gathered a significant following, serving more than 400,000 customers. With the introduction of these new services, Bigul expects to attract an additional million customers by the end of 2025.
Parakh added, “What sets Bigul apart from the competition is its unique ability to provide physical and technical services through its applications and platforms. The combination of physical and digital services and state-of-the-art algorithmic trading gives Bigul a significant advantage in the market. This powerful synergy between technology and human expertise ensures that traders can access a wide range of tools and services, enabling them to make informed decisions in today’s complex trading environment. We want to use this USP and diversify our offerings by launching Mutual Funds services in the next quarter. This integration with the Bigul App will provide a comprehensive and seamless experience for traders looking to diversify their portfolios.”
Bigul is actively involved in the Equity, Commodity, Currency, and Mutual Fund markets, and has membership and registration with prominent regulatory bodies and exchanges in India. These include Securities and Exchange Board of India (SEBI), National Stock Exchange Limited (NSE), Bombay Stock Exchange Limited (BSE), Multi Commodity Exchange Limited, National Commodity and Derivatives Exchange Limited (NCDEX), Central. Depository Services Limited (CDSL), and the National Securities Depository Limited (NSDL), among others.
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Updated: 07 November 2023, 05:02 PM IST
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