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FAQs

  • What is alphaniti?

    alphaniti is a digital investment platform offering high-quality & diversified extensive range of single stock ideas, thematic investments & trading strategies covering India & US markets based on statistical, and quantitative models that overcome the legacy issues of human bias.

  • How can alphaniti help me?

    We are a direct-to-consumer investment platform that aspire to transform the way India invests! To give you the best of both worlds, we have our high-quality investment offerings across India & US market at an extremely affordable cost.

    If you are a retail investor or just looking to start investing with a reliable and professional advisory platform, your search ends here!

Investment Options (India – alphamatter & alphagenie)

  • What are alphamatters?

    Every alphamatter is a high-energy component comprising a universe of well-researched & high conviction stocks which represents an underlying theme of investments curated by our team of highly qualified investment managers with a strong track record of institutional investment management.

    With a view to maximize alpha, alphamatters have a periodic Rebalancing framework.

  • Do alphamatters come with any lock-in period?

    No, alphamatters have no lock-in period. You can choose to exit out of your investments as and when you wish to. The idea behind generating alpha and wealth through our alphamatters is, however, for long-term investing.

  • What is alphagenie?

    Based on statistical & mathematical models, alphagenie is a proprietary single stock recommendation engine across various time frames for larger, mid and small cap stock ideas.

    alphagenie helps in removing guesswork on the entry & exit of trades with unique tools such as “Strike-rate” and “Risk-Reward ratio” for informed decision making.

  • How will I know that the Stop-Loss has triggered?
    • We will send an alert on your registered email when a stock bought by you on the platform triggers the Stop-Loss. You can also find the details in the “Past Trades” tab
    • Additionally, you can see all trades in the Past Trades tab with the respective time validity of each trade. The trades that have been closed in case of Stop-Loss Triggered/ Time Elapsed/ Target Achieved will also be reflected in Past Trades.
  • How can I track the performance/ create a Watchlist before investing?

    In order to track and check the performance of alphamatters, you can save them and a Watchlist will be created on the Quick View tab which you can track and eventually invest in.

  • How do I track my order/ existing investments?

    Once you execute any order, alphamatter/ alphagenie, a tile will be created on the Quick View page under “Portfolios” containing information such as Current Holdings, Transaction History, Gain/Loss for the day, Total Returns, etc.

  • How to invest in alphamatter & alphagenie?

    We have a host of brokers available on the platform. You can open an account with them/ use an exciting active Trading & Demat account, choose the product, enter the amount/ quantity and invest with your broker.

Investment Options (US alphamatter)

  • What do I have to do to invest in the US market?
    • We focus on the US equity markets via well-designed quantitative alphamatters which have been modeled on investment philosophies of investing legends such as Partha Mohanram, Peter Lynch, Warren Buffet.
    • Once you register on alphaniti, you can go to the US Investments alphamatter tab and select from a choice of top-performing alphamatters. Your investments will be executed by you digitally through DriveWealth, a reputed US based broker through the Stockal gateway which carries out the LRS documentation digitally.
  • What do I have to do to invest in US market?

    DriveWealth is our current execution broker, however, we are in the process of integrating our platform with Interactive soon. We would progressively tie-up with other brokers. We have chosen DriveWealth as it is very user-friendly and is quite popular with US investors.

  • How long will the Investment process take?
    • It will take 2 business days for your account to get approved. Once approved, you will have to fund the account by transferring money into the brokerage account from your bank account.
    • Once the funds become available in your brokerage account, you will be able to make investments on Stockal. Feel free to use the extensive research and support available on the platform.
    • After selling any of your investments, whenever you want to get your money back, just click on "Withdraw" and all your available cash will be sent over to your domestic bank account.
  • Who will be the custodian of my stocks or investments?

    Stockal's US brokerage partner, Drive Wealth, works with Citigroup, New York, for the custody of brokerage accounts.

General FAQs – IPO Corner

  • How many applications can be placed with one PAN?

    One application per PAN is allowed. You can make a maximum of three bids with one application.

  • Can I apply for an IPO without having a PAN?

    Unfortunately no – PAN is compulsory for applying for any IPO

  • Can I submit a bid for multiple lots of an IPO?

    Yes, you can place up to three bids for an application. However, the bids have to be placed at one go! If you want to add an additional bid, then you would have to delete your application and re-apply

  • What is the difference between the Floor price and Cut-off price in a Book-building issue?

    In a Book-building issue, the various bids placed by investors ultimately decide the final IPO price at which shares are allotted to successful applicants.

    The “FLOOR PRICE” is the lowest price at which an applicant can place his bid. The “CUT-OFF PRICE” is the final price at which the Company decides to allot shares and any applicant bidding at this price is automatically allotted shares at said price.

  • Can a bid price less than the Floor price be entered while subscribing to an IPO?

    No, bids with a price less than the Floor price (which is the lowest price in the prevailing price band) of an IPO will be automatically rejected by the system

  • Can I bid more than the Cut-off price in IPO?

    The Issue Price of the IPO comes during the bidding and book building process – this is called the Cut-off Price. It is decided based on the bids received. Only bidders who quoted higher than or equal to this price can get an allotment of shares

  • Do multiple bids help in an IPO?

    No, you cannot place multiple bids for an IPO under the same beneficiary name or PAN Account Number.

  • What is the lot size in an IPO?

    A lot size in an IPO is the minimum number of shares for which bids can be placed. Also, one can place bids only in multiples of the lot

  • If I get the allotment, when can I sell the shares I got from the IPO?

    You can sell the allotted shares anytime once the stock lists on the exchanges

  • Where can I check the IPO application & allotment status?

    You can easily check the IPO allotment status on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites.

    NSE: https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

    BSE: https://www.bseindia.com/investors/appli_check.aspx

    On www.alphaniti.com under “IPO Corner”

  • Is the IPO allotment process random?

    The allotment process totally depends on how the IPO got responses from the investors.

    If the IPO is undersubscribed, then the investor may get allotted all the lots for which they have applied.

    If there is a very large oversubscription to an IPO, then the allocation of shares to the retail investor happens through a computerized lucky draw process

  • I applied for an IPO but did not get any allotment – Why?

    There are mainly two reasons:

    1. Your bid for the IPO was invalid due to an incorrect Demat Account number or incorrect PAN number or multiple applications have been submitted under the same PAN.
    2. Your bid was fine but due to an extremely large over-subscription, your name wasn’t picked out in the computerized lucky draw process

  • How can I increase my chances of IPO allotment?

    1. Apply Early – Place your bids within the first 2-3 days of an IPO opening.
    2. Simply bid at the cut-off price.
    3. DON’T Make any mistakes while filling out the application form.
    4. Apply through multiple demat accounts under different PANs (especially if in a family).

  • I did not get any allotment of shares - What happens to my money?

    Relax! There is absolutely NO need to worry. Once the allotments are finalized, the unsuccessful applicants receive their application money on or before the end date of the IPO mandate

Let’s get you started!

Here are the steps to register & subscribe on Alphaniti:

  • Please visit www.alphaniti.com and click on “START NOW”, if you are a first-time user.

    Fill in your name, email address, mobile no., referral code (if any) and your state of residence. Click on Sign Up. Enter the OTP received on your registered email/mobile and start using the Alphaniti platform.
  • For existing users, enter your email/ mobile no. and OTP to Log in
  • To begin your investment journey, select any of the unique plans: Value Plus or Xpress.
  • Click the “Subscribe Now” button, select the subscription of your choice and proceed to payment.

KYC (US Investments & Digital Advisory)

  • Why do I need to check my KYC?

    As mandated by SEBI – every individual looking to participate in the securities markets (invest in Stocks/ Mutual Funds) must be KYC compliant.

  • What do I do if I am not KYC compliant? / How do I register for fresh KYC?
    • If you are not KYC compliant or have not registered for KYC, you can register for KYC through your Broker
    • If you have registered for KYC through an execution partner (broker), please wait for 3-5 working days for the registration to be updated. Once your KYC is registered you are compliant to start your journey on alphaniti.
  • How long does it take to complete the KYC registration process?

    The time taken for a fresh KYC registration varies depending on the mode of registration but generally, the process may take up to 3-5 working days for fresh registration to be updated.

  • What documents do I need to provide while registering my KYC with the broker?
    • ID Proof - Aadhaar Card/ PAN Card
    • Address Proof - Aadhaar Card/ Utility Bill
    • For LRS Form (for investments made in the US market): Applicant details, Details of withdrawal of foreign exchange & beneficiary details

Risk Profile (US Investments & Digital Advisory)

  • Is it needed?

      Risk profiler is a framework designed to evaluate the investor’s experience and sensitivity to losses both at the time of market decline and subsequent periods. Getting an accurate risk profile for an investor is critical as it will dictate the investor’s risk rating and ultimately the investment strategy pursued to achieve their financial goals.

  • How do we assess an investor’s Risk Profile?

      The questionnaire provides a basis for an in-depth conversation about the investor's knowledge, background, and provokes discussion about reasonable investment objectives.


      Typically, while deciding on where to invest, investors are not very specific about their objective - for example, when discussing their objectives, many investors want to get high returns, but they expect the investments to be safe and liquid as well. For solving this practical problem, the questionnaire-based methodology helps to calculate the objective with the appropriate risk profile.

    • Here's a glimpse of the Alphaniti Risk Profile questionnaire:
      • What is your age and income bracket?
      • What is your investment purpose?
      • What is the duration you plan to invest for?
      • If Portfolio falls greater than 30% - How are you likely to act?
      • What is the worst loss you have seen in your portfolio till date?
    • Based on the responses selected by the User, the platform generates a risk score and categorizes the User into one of the following categories:
      • Very Conservative
      • Conservative
      • Moderate
      • Aggressive
      • Very Aggressive

Subscription

  • What are the subscription packages available on Alphaniti?
    • Xpress*: FLAT Rs. 249 for 6 months (alphagenie)
    • Value Plus*: FLAT Rs. 1499 for 6 months (alphagenie and alphamatter - India) * Prices are exclusive of GST and are subject to change.
  • How do I pay the subscription fee?

    You can pay the subscription fee online through Card payment, Netbanking or UPI.

  • Can I upgrade my plan in the middle of the subscription period? Can it be adjusted with my previous plan?

    Users can upgrade from a lower to a higher plan. For example; a user with an Xpress plan may upgrade to Value Plus.

  • Are there any additional charges besides the subscription fee?

    No, alphaniti does not charge any additional fees besides the subscription charges. However, brokerage and taxes are applicable and charged by the execution partner (broker).

  • Why do I need to pay a subscription fee?

    alphaniti charges a flat subscription fee irrespective of the amount you invest. There are no additional and/or hidden costs, commissions, charges, etc.

Execution

  • How do I buy an alphagenie/ alphamatter on alphaniti?
    • To buy an alphagenie/ alphamatter you need to have an active Trading and Demat account.
    • Once you have selected the alphagenie/ alphamatter, enter the amount you wish to invest
      • In the case of alphagenie – you can either put the Amount or Quantity
      • In the case of alphamatter – the minimum investment amount associated with each alphamatter is defined
    • Select the Execution Partner (broker) you already have an account with – enter your log in details and proceed to execute
    • ! Remember to make sure that your brokerage account is sufficiently funded before you execute an order!
    • alphaniti is a Direct Investment Platform. It offers direct distribution services through alphaniti and digital advisory through a separate SID.
    • Any alphagenie/ alphamatter bought on alphaniti through your execution partner are held in your Demat account with the execution partner.

      Your funds are held by your broker, alphaniti has no access to your funds or your trading account.
      While alphaniti shows the latest updates on your invested portfolios, the control of your Demat or Trading account lies with the User and the broker.
  • How do I create an account with the execution partner (Broker) on alphaniti?
    • On the Execution Partner Pop-up once you select the broker of your choice you will be re-directed to the broker’s Log In / Sign Up page. Click on Sign Up and follow the steps on the screen to complete your registration.
    •  On an average, it takes about 1-2 working days to get your brokerage account activated provided you have an active KYC registration.
  • What if I don’t see my broker on alphaniti?
    • If you don’t find the broker of your choice or do not wish to open a fresh account, the platform offers an option of “Watchlist”. To use this option, select the alphagenie/ alphamatter to be bought, click on invest, enter the amount and in the Execution Partner pop-up select “Save”.
      Post saving, this portfolio will be visible on your Quick View page under Watchlist.
    • We are constantly in the process of adding more execution partners to our list, if you do not see the name of the broker, please shoot out a mail to us at customercare@alphaniti.com and we will try to onboard the broker as soon as we can.
    •  Once your broker has been onboarded to the platform, you can invest your “Watchlist” by clicking on “Invest with Broker”.
  • Who will be the custodian of my stocks or investments?

    Your investments lie with the broker who is the custodian of your investments with CDSL/NSDL acting as the depository participants. Your funds are held by your broker, alphaniti has no access to your funds.

  • How can I sell my investments?
    • Once you invest in alphagenie/ alphamatter you should allow a certain minimum time period for optimizing your portfolio performance. However, any security in the alphagenie/ alphamatter can be sold directly from your broker account.
    • If you so choose to sell your investments through your broker account, please do update us by sending an email to customercare@alphaniti.com

Rebalancing

  • What is Rebalancing?

    The process of Rebalancing helps in aligning portfolios with the chosen alphamatter. Portfolios older than 45 days or more are eligible for Rebalancing.

  • How often the rebalancing is done and how are the customers informed?
    • The frequency of rebalancing usually depends on the alphamatter you have invested in and may vary from monthly to quarterly to half-yearly.
    • When the rebalancing is due, you will be notified on your registered Email ID with a link to rebalance your alphamatters. Additionally, the "Rebalance" button will be enabled on the Quick View page.

Back-testing Process for alphamatters

Our alphamatter CAGR returns include backtesting period results. For different portfolios/ styles/ strategies/ methodologies we have different backtesting periods. This is because we would like to understand how a particular portfolio would have performed across different market conditions had we initiated and stuck to a particular investment strategy or philosophy. This improves our overall conviction in recommending the investment portfolios to our users on the platform.

We have taken into consideration real world experiences while conducting our backtest of different portfolios. These include incorporating transaction costs (brokerage + STT + GST + Stamp Duty + Turnover Charges etc) as well as a certain percentage of slippage costs. For our back testing periods where we marry a particular benchmark index, we try to stick to the inclusion of stocks only from that index. Moreover, in the case of our Momentum strategies where we have back tested those strategies from as far as 2007-2008, we have taken care to avoid survivorship bias in our back testing by running the rule-based strategies on the then prevailing components of the benchmark.

So we have made sure to include stocks that only fit the particular criteria as defined in any strategy at that point in time, regardless of what might have been the subsequent performance from those stocks post selecting them as per the strategy.

Returns & Calculations and Definitions on the alphaniti platform

  • Why are my returns different from the model alphamatter returns shown on the platform?

    That’s a good question. This is a normal query from lots of our users who complain that their alphamatter returns are not in sync with the model alphamatter returns as portrayed on the platform. This happens for a variety of reasons:

    • Different time horizons: On the platform against any model alphamatter we typically show point to point returns for the following two-time frames:
      • CAGR Returns since exception: This return is basically calculated for the portfolio from its inception date, which also includes the backtesting period as well. Returns beyond 1 year shift from absolute to CAGR returns as that is a more appropriate method of showcasing long term returns to users
      • Absolute Returns: We show absolute point to point returns for the past 1 year and 6 months respectively which change on a daily end of day basis
    • Different or Multiple Entry / Exit Periods: Users typically will have very different entry and exit points for their investments in our alphamatters. Moreover, they would be investing in the same alphamatter with different investment amounts on different dates. All these factors ultimately go into calculating the final alphamatter portfolio returns for the end user which will lead to different return experiences for their investments vs the model alphamatter as user returns are based on their individual investment dates for each investment tranche.

    Rebalancing: The model alphamatter incorporates rebalancing of the portfolio exactly as has been suggested by the underlying model, i.e., it would not incorporate for any slippages in price on account of rebalancing done on different dates which may be the case with individual users

Some definitions to keep in mind while reviewing your investment performance.

Total Investment Amount:

    Total Investment Amount represents the amount of money that you have cumulatively invested in the alphamatter by way of your first investment in the alphamatter followed by subsequent smaller reinvestments made at the time of rebalancing.

    Total Investment Amount = Total Amount cumulatively invested in the portfolio

Current Market Value

    Current Market Value represents the Market Value of your Total investment in the alphamatter, i.e. this is the amount of money that you will realize if you were to sell all your holdings in the alphamatter today at the prevailing market rates.

    Current Market Value = Market Value of Total Investment

Total Returns (Amount and %)

  • Total Returns is the sum of realized as well as unrealized gains/losses on your investment. In other words,
  • Total Returns = Current Market Value – Total Investment Value
  • Total Returns % = (Total Returns / Total Investment Value)*100
  • This is because, at the time of rebalancing your portfolio, our proprietary algorithms closely match the cumulative value of all stocks being sold with the matching value of stocks to be bought. As such if there are any gains which are realized on account of profit booking in a stock, the proceeds are invested in the next promising opportunity, as such the amount doesn’t leave your portfolio and you get to enjoy the true impact of compounding of returns on your investments.

Realized Gain / Loss (Amount and %)

  • To Realized Gain / Loss represents the amount of profit or loss that has been booked till date on an active portfolio due to any rebalancing event that may have occurred. For example, during a rebalancing event, Let's assume that 100 Shares of Tata Motors which have been bought at an average price of Rs.130 are sold at Rs. 180. So Realized Gain / Loss will be calculated as:
    • Realized Gain = (180-130)*100 = 5,000
    • Realized Gain % = [(180-130)/130]*100

Unrealized Gain / Loss (Amount and %)

  • Unrealized Gain / Loss is the amount of profit that is yet to be realized on the portfolio. In simple terms it is calculated in the following manner:
  • Total Returns – Realized Gain / Loss = Unrealized Gain / Loss
  • Unrealized Gain Loss % = (Unrealized Gain/Loss / Original Investment Amount)/100

XIRR (% Return)

  • This is shown to users once they have completed minimum of 180 days of holding of any particular alphamatter.
  • XIRR is particularly used to show results when there are multiple inflows and outflows into the same alphamatter on different dates.
  • XIRR will be calculated with respect to that day’s closing Current Market Value

Miscellaneous

  • Can I create my own alphamatter on alphaniti?

    Build your own alphamatter is a feature we are working on and will soon be introducing it on the platform. This will allow registered users to create, buy and track their own alphamatters.

  • How do I view my investments?

    All investments (under Portfolio or Watchlist) made on alphaniti can be viewed as portfolios on the “Quick View” page. Click on “View” on the portfolio tile to view the stocks in the portfolio.

  • Where can I download the Capital Gains statements?

    The Capital Gains Statements will be available in your account on the on-you broker’s platform or application.

  • What about the dividends from your investments in alphaniti?

    The dividend income from all your investments – alphagenie/ alphamatter are directly credited to your bank account. Your investments not only fetch you returns but also dividends periodically.

  • About Alphaniti

    • What is alphaniti?

      alphaniti is a digital investment platform offering high-quality & diversified extensive range of single stock ideas, thematic investments & trading strategies covering India & US markets based on statistical, and quantitative models that overcome the legacy issues of human bias.

    • How can alphaniti help me?

      We are a direct-to-consumer investment platform that aspire to transform the way India invests! To give you the best of both worlds, we have our high-quality investment offerings across India & US market at an extremely affordable cost.

      If you are a retail investor or just looking to start investing with a reliable and professional advisory platform, your search ends here!

  • Investment Options (India – alphamatter & alphagenie)

    • What are alphamatters?

      Every alphamatter is a high-energy component comprising a universe of well-researched & high conviction stocks which represents an underlying theme of investments curated by our team of highly qualified investment managers with a strong track record of institutional investment management.

      With a view to maximize alpha, alphamatters have a periodic Rebalancing framework.

    • Do alphamatters come with any lock-in period?

      No, alphamatters have no lock-in period. You can choose to exit out of your investments as and when you wish to. The idea behind generating alpha and wealth through our alphamatters is, however, for long-term investing.

    • What is alphagenie?

      Based on statistical & mathematical models, alphagenie is a proprietary single stock recommendation engine across various time frames for larger, mid and small cap stock ideas.

      alphagenie helps in removing guesswork on the entry & exit of trades with unique tools such as “Strike-rate” and “Risk-Reward ratio” for informed decision making.

    • How will I know that the Stop-Loss has triggered?
      • We will send an alert on your registered email when a stock bought by you on the platform triggers the Stop-Loss. You can also find the details in the “Past Trades” tab
      • Additionally, you can see all trades in the Past Trades tab with the respective time validity of each trade. The trades that have been closed in case of Stop-Loss Triggered/ Time Elapsed/ Target Achieved will also be reflected in Past Trades.
    • How can I track the performance/ create a Watchlist before investing?

      In order to track and check the performance of alphamatters, you can save them and a Watchlist will be created on the Quick View tab which you can track and eventually invest in.

    • How do I track my order/ existing investments?

      Once you execute any order, alphamatter/ alphagenie, a tile will be created on the Quick View page under “Portfolios” containing information such as Current Holdings, Transaction History, Gain/Loss for the day, Total Returns, etc.

    • How to invest in alphamatter & alphagenie?

      We have a host of brokers available on the platform. You can open an account with them/ use an exciting active Trading & Demat account, choose the product, enter the amount/ quantity and invest with your broker.

  • Investment Options (US alphamatter)

    • What do I have to do to invest in the US market?
      • We focus on the US equity markets via well-designed quantitative alphamatters which have been modeled on investment philosophies of investing legends such as Partha Mohanram, Peter Lynch, Warren Buffet.
      • Once you register on alphaniti, you can go to the US Investments alphamatter tab and select from a choice of top-performing alphamatters. Your investments will be executed by you digitally through DriveWealth, a reputed US based broker through the Stockal gateway which carries out the LRS documentation digitally.
    • What do I have to do to invest in US market?

      DriveWealth is our current execution broker, however, we are in the process of integrating our platform with Interactive soon. We would progressively tie-up with other brokers. We have chosen DriveWealth as it is very user-friendly and is quite popular with US investors.

    • How long will the Investment process take?
      • It will take 2 business days for your account to get approved. Once approved, you will have to fund the account by transferring money into the brokerage account from your bank account.
      • Once the funds become available in your brokerage account, you will be able to make investments on Stockal. Feel free to use the extensive research and support available on the platform.
      • After selling any of your investments, whenever you want to get your money back, just click on "Withdraw" and all your available cash will be sent over to your domestic bank account.
    • Who will be the custodian of my stocks or investments?

      Stockal's US brokerage partner, Drive Wealth, works with Citigroup, New York, for the custody of brokerage accounts.

  • IPO

    • How many applications can be placed with one PAN?

      One application per PAN is allowed. You can make a maximum of three bids with one application.

    • Can I apply for an IPO without having a PAN?

      Unfortunately no – PAN is compulsory for applying for any IPO

    • Can I submit a bid for multiple lots of an IPO?

      Yes, you can place up to three bids for an application. However, the bids have to be placed at one go! If you want to add an additional bid, then you would have to delete your application and re-apply

    • What is the difference between the Floor price and Cut-off price in a Book-building issue?

      In a Book-building issue, the various bids placed by investors ultimately decide the final IPO price at which shares are allotted to successful applicants.

      The “FLOOR PRICE” is the lowest price at which an applicant can place his bid. The “CUT-OFF PRICE” is the final price at which the Company decides to allot shares and any applicant bidding at this price is automatically allotted shares at said price.

    • Can a bid price less than the Floor price be entered while subscribing to an IPO?

      No, bids with a price less than the Floor price (which is the lowest price in the prevailing price band) of an IPO will be automatically rejected by the system

    • Can I bid more than the Cut-off price in IPO?

      The Issue Price of the IPO comes during the bidding and book building process – this is called the Cut-off Price. It is decided based on the bids received. Only bidders who quoted higher than or equal to this price can get an allotment of shares

    • Do multiple bids help in an IPO?

      No, you cannot place multiple bids for an IPO under the same beneficiary name or PAN Account Number.

    • What is the lot size in an IPO?

      A lot size in an IPO is the minimum number of shares for which bids can be placed. Also, one can place bids only in multiples of the lot

    • If I get the allotment, when can I sell the shares I got from the IPO?

      You can sell the allotted shares anytime once the stock lists on the exchanges

    • Where can I check the IPO application & allotment status?

      You can easily check the IPO allotment status on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites.

      NSE: https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

      BSE: https://www.bseindia.com/investors/appli_check.aspx

      On www.alphaniti.com under “IPO Corner”

    • Is the IPO allotment process random?

      The allotment process totally depends on how the IPO got responses from the investors.

      If the IPO is undersubscribed, then the investor may get allotted all the lots for which they have applied.

      If there is a very large oversubscription to an IPO, then the allocation of shares to the retail investor happens through a computerized lucky draw process

    • I applied for an IPO but did not get any allotment – Why?

      There are mainly two reasons:

      1. Your bid for the IPO was invalid due to an incorrect Demat Account number or incorrect PAN number or multiple applications have been submitted under the same PAN.
      2. Your bid was fine but due to an extremely large over-subscription, your name wasn’t picked out in the computerized lucky draw process

    • How can I increase my chances of IPO allotment?

      1. Apply Early – Place your bids within the first 2-3 days of an IPO opening.
      2. Simply bid at the cut-off price.
      3. DON’T Make any mistakes while filling out the application form.
      4. Apply through multiple demat accounts under different PANs (especially if in a family).

    • I did not get any allotment of shares - What happens to my money?

      Relax! There is absolutely NO need to worry. Once the allotments are finalized, the unsuccessful applicants receive their application money on or before the end date of the IPO mandate

  • Registration

    Let’s get you started!

    Here are the steps to register & subscribe on Alphaniti:

    • Please visit www.alphaniti.com and click on “START NOW”, if you are a first-time user.

      Fill in your name, email address, mobile no., referral code (if any) and your state of residence. Click on Sign Up. Enter the OTP received on your registered email/mobile and start using the Alphaniti platform.
    • For existing users, enter your email/ mobile no. and OTP to Log in
    • To begin your investment journey, select any of the unique plans: Value Plus or Xpress.
    • Click the “Subscribe Now” button, select the subscription of your choice and proceed to payment.
  • KYC (US Investments & Digital Advisory)

    • Why do I need to check my KYC?

      As mandated by SEBI – every individual looking to participate in the securities markets (invest in Stocks/ Mutual Funds) must be KYC compliant.

    • What do I do if I am not KYC compliant? / How do I register for fresh KYC?
      • If you are not KYC compliant or have not registered for KYC, you can register for KYC through your Broker
      • If you have registered for KYC through an execution partner (broker), please wait for 3-5 working days for the registration to be updated. Once your KYC is registered you are compliant to start your journey on alphaniti.
    • How long does it take to complete the KYC registration process?

      The time taken for a fresh KYC registration varies depending on the mode of registration but generally, the process may take up to 3-5 working days for fresh registration to be updated.

    • What documents do I need to provide while registering my KYC with the broker?
      • ID Proof - Aadhaar Card/ PAN Card
      • Address Proof - Aadhaar Card/ Utility Bill
      • For LRS Form (for investments made in the US market): Applicant details, Details of withdrawal of foreign exchange & beneficiary details
  • Risk Profile (US Investments & Digital Advisory)

    • Is it needed?

        Risk profiler is a framework designed to evaluate the investor’s experience and sensitivity to losses both at the time of market decline and subsequent periods. Getting an accurate risk profile for an investor is critical as it will dictate the investor’s risk rating and ultimately the investment strategy pursued to achieve their financial goals.

    • How do we assess an investor’s Risk Profile?

        The questionnaire provides a basis for an in-depth conversation about the investor's knowledge, background, and provokes discussion about reasonable investment objectives.


        Typically, while deciding on where to invest, investors are not very specific about their objective - for example, when discussing their objectives, many investors want to get high returns, but they expect the investments to be safe and liquid as well. For solving this practical problem, the questionnaire-based methodology helps to calculate the objective with the appropriate risk profile.

      • Here's a glimpse of the Alphaniti Risk Profile questionnaire:
        • What is your age and income bracket?
        • What is your investment purpose?
        • What is the duration you plan to invest for?
        • If Portfolio falls greater than 30% - How are you likely to act?
        • What is the worst loss you have seen in your portfolio till date?
      • Based on the responses selected by the User, the platform generates a risk score and categorizes the User into one of the following categories:
        • Very Conservative
        • Conservative
        • Moderate
        • Aggressive
        • Very Aggressive
  • Subscription

    • What are the subscription packages available on Alphaniti?
      • Xpress*: FLAT Rs. 99 for 6 months (alphagenie)
      • Value Plus*: FLAT Rs. 999 for 6 months (alphagenie and alphamatter - India) * Prices are exclusive of GST and are subject to change.
    • How do I pay the subscription fee?

      You can pay the subscription fee online through Card payment, Netbanking or UPI.

    • Can I upgrade my plan in the middle of the subscription period? Can it be adjusted with my previous plan?

      Users can upgrade from a lower to a higher plan. For example; a user with an Xpress plan may upgrade to Value Plus.

    • Are there any additional charges besides the subscription fee?

      No, alphaniti does not charge any additional fees besides the subscription charges. However, brokerage and taxes are applicable and charged by the execution partner (broker).

    • Why do I need to pay a subscription fee?

      alphaniti charges a flat subscription fee irrespective of the amount you invest. There are no additional and/or hidden costs, commissions, charges, etc.

  • Execution

    • How do I buy an alphagenie/ alphamatter on alphaniti?
      • To buy an alphagenie/ alphamatter you need to have an active Trading and Demat account.
      • Once you have selected the alphagenie/ alphamatter, enter the amount you wish to invest
        • In the case of alphagenie – you can either put the Amount or Quantity
        • In the case of alphamatter – the minimum investment amount associated with each alphamatter is defined
      • Select the Execution Partner (broker) you already have an account with – enter your log in details and proceed to execute
      • ! Remember to make sure that your brokerage account is sufficiently funded before you execute an order!
      • alphaniti is a Direct Investment Platform. It offers direct distribution services through alphaniti and digital advisory through a separate SID.
      • Any alphagenie/ alphamatter bought on alphaniti through your execution partner are held in your Demat account with the execution partner.

        Your funds are held by your broker, alphaniti has no access to your funds or your trading account.
        While alphaniti shows the latest updates on your invested portfolios, the control of your Demat or Trading account lies with the User and the broker.
    • How do I create an account with the execution partner (Broker) on alphaniti?
      • On the Execution Partner Pop-up once you select the broker of your choice you will be re-directed to the broker’s Log In / Sign Up page. Click on Sign Up and follow the steps on the screen to complete your registration.
      •  On an average, it takes about 1-2 working days to get your brokerage account activated provided you have an active KYC registration.
    • What if I don’t see my broker on alphaniti?
      • If you don’t find the broker of your choice or do not wish to open a fresh account, the platform offers an option of “Watchlist”. To use this option, select the alphagenie/ alphamatter to be bought, click on invest, enter the amount and in the Execution Partner pop-up select “Save”.
        Post saving, this portfolio will be visible on your Quick View page under Watchlist.
      • We are constantly in the process of adding more execution partners to our list, if you do not see the name of the broker, please shoot out a mail to us at customercare@alphaniti.com and we will try to onboard the broker as soon as we can.
      •  Once your broker has been onboarded to the platform, you can invest your “Watchlist” by clicking on “Invest with Broker”.
    • Who will be the custodian of my stocks or investments?

      Your investments lie with the broker who is the custodian of your investments with CDSL/NSDL acting as the depository participants. Your funds are held by your broker, alphaniti has no access to your funds.

    • How can I sell my investments?
      • Once you invest in alphagenie/ alphamatter you should allow a certain minimum time period for optimizing your portfolio performance. However, any security in the alphagenie/ alphamatter can be sold directly from your broker account.
      • If you so choose to sell your investments through your broker account, please do update us by sending an email to customercare@alphaniti.com
  • Rebalancing

    • What is Rebalancing?

      The process of Rebalancing helps in aligning portfolios with the chosen alphamatter. Portfolios older than 45 days or more are eligible for Rebalancing.

    • How often the rebalancing is done and how are the customers informed?
      • The frequency of rebalancing usually depends on the alphamatter you have invested in and may vary from monthly to quarterly to half-yearly.
      • When the rebalancing is due, you will be notified on your registered Email ID with a link to rebalance your alphamatters. Additionally, the "Rebalance" button will be enabled on the Quick View page.
  • Back-testing Process for alphamatters

    Our alphamatter CAGR returns include backtesting period results. For different portfolios/ styles/ strategies/ methodologies we have different backtesting periods. This is because we would like to understand how a particular portfolio would have performed across different market conditions had we initiated and stuck to a particular investment strategy or philosophy. This improves our overall conviction in recommending the investment portfolios to our users on the platform.

    We have taken into consideration real world experiences while conducting our backtest of different portfolios. These include incorporating transaction costs (brokerage + STT + GST + Stamp Duty + Turnover Charges etc) as well as a certain percentage of slippage costs. For our back testing periods where we marry a particular benchmark index, we try to stick to the inclusion of stocks only from that index. Moreover, in the case of our Momentum strategies where we have back tested those strategies from as far as 2007-2008, we have taken care to avoid survivorship bias in our back testing by running the rule-based strategies on the then prevailing components of the benchmark.

    So we have made sure to include stocks that only fit the particular criteria as defined in any strategy at that point in time, regardless of what might have been the subsequent performance from those stocks post selecting them as per the strategy.

  • Returns & Calculations and Definitions on the alphaniti platform

    • Why are my returns different from the model alphamatter returns shown on the platform?

      A. That’s a good question. This is a normal query from lots of our users who complain that their alphamatter returns are not in sync with the model alphamatter returns as portrayed on the platform. This happens for a variety of reasons:

      • Different time horizons: On the platform against any model alphamatter we typically show point to point returns for the following two-time frames:
        • CAGR Returns since exception: This return is basically calculated for the portfolio from its inception date, which also includes the backtesting period as well. Returns beyond 1 year shift from absolute to CAGR returns as that is a more appropriate method of showcasing long term returns to users
        • Absolute Returns: We show absolute point to point returns for the past 1 year and 6 months respectively which change on a daily end of day basis
      • Different or Multiple Entry / Exit Periods: Users typically will have very different entry and exit points for their investments in our alphamatters. Moreover, they would be investing in the same alphamatter with different investment amounts on different dates. All these factors ultimately go into calculating the final alphamatter portfolio returns for the end user which will lead to different return experiences for their investments vs the model alphamatter as user returns are based on their individual investment dates for each investment tranche.

      B. Rebalancing: The model alphamatter incorporates rebalancing of the portfolio exactly as has been suggested by the underlying model, i.e., it would not incorporate for any slippages in price on account of rebalancing done on different dates which may be the case with individual users

    Some definitions to keep in mind while reviewing your investment performance.

    Total Investment Amount:

      Total Investment Amount represents the amount of money that you have cumulatively invested in the alphamatter by way of your first investment in the alphamatter followed by subsequent smaller reinvestments made at the time of rebalancing.

      Total Investment Amount = Total Amount cumulatively invested in the portfolio

    Current Market Value

      Current Market Value represents the Market Value of your Total investment in the alphamatter, i.e. this is the amount of money that you will realize if you were to sell all your holdings in the alphamatter today at the prevailing market rates.

      Current Market Value = Market Value of Total Investment

    Total Returns (Amount and %)

    • Total Returns is the sum of realized as well as unrealized gains/losses on your investment. In other words,
    • Total Returns = Current Market Value – Total Investment Value
    • Total Returns % = (Total Returns / Total Investment Value)*100
    • This is because, at the time of rebalancing your portfolio, our proprietary algorithms closely match the cumulative value of all stocks being sold with the matching value of stocks to be bought. As such if there are any gains which are realized on account of profit booking in a stock, the proceeds are invested in the next promising opportunity, as such the amount doesn’t leave your portfolio and you get to enjoy the true impact of compounding of returns on your investments.

    Realized Gain / Loss (Amount and %)

    • To Realized Gain / Loss represents the amount of profit or loss that has been booked till date on an active portfolio due to any rebalancing event that may have occurred. For example, during a rebalancing event, Let's assume that 100 Shares of Tata Motors which have been bought at an average price of Rs.130 are sold at Rs. 180. So Realized Gain / Loss will be calculated as:
      • Realized Gain = (180-130)*100 = 5,000
      • Realized Gain % = [(180-130)/130]*100

    Unrealized Gain / Loss (Amount and %)

    • Unrealized Gain / Loss is the amount of profit that is yet to be realized on the portfolio. In simple terms it is calculated in the following manner:
    • Total Returns – Realized Gain / Loss = Unrealized Gain / Loss
    • Unrealized Gain Loss % = (Unrealized Gain/Loss / Original Investment Amount)/100

    XIRR (% Return)

    • This is shown to users once they have completed minimum of 180 days of holding of any particular alphamatter.
    • XIRR is particularly used to show results when there are multiple inflows and outflows into the same alphamatter on different dates.
    • XIRR will be calculated with respect to that day’s closing Current Market Value
  • Miscellaneous

    • Can I create my own alphamatter on alphaniti?

      Build your own alphamatter is a feature we are working on and will soon be introducing it on the platform. This will allow registered users to create, buy and track their own alphamatters.

    • How do I view my investments?

      All investments (under Portfolio or Watchlist) made on alphaniti can be viewed as portfolios on the “Quick View” page. Click on “View” on the portfolio tile to view the stocks in the portfolio.

    • Where can I download the Capital Gains statements?

      The Capital Gains Statements will be available in your account on the on-you broker’s platform or application.

    • What about the dividends from your investments in alphaniti?

      The dividend income from all your investments – alphagenie/ alphamatter are directly credited to your bank account. Your investments not only fetch you returns but also dividends periodically.

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