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Chennai firm launches online tool for retail investors

Chennai: City-based INXS Technologies Tuesday unveiled a wealth management online solution called “Market Simplified” aimed at India’s retail investors.

The product has been launched in the US market simultaneously.

“Every investor wants to invest his money. The more difficult job is to protect investments. What we have done is to simplify the process involved in investments,” said Vinod Muthukrishnan, INXS’ business strategist.

“We are providing investors advanced online tools to guide him in his investments,” said K. Gopinath, senior vice-president of the company, adding the system provides options and choices an investor has from the client profile and requirement provided.

“We provide the investor a fully customised and mobile wealth management solution delivered on the desktop through web access or on an advanced mobile platform,” he said.

INXS CEO and co-founder Venkat Rangan said: “250 million mobile users in India enables INXS to utilise this space and provide a neutral financial platform with real-time data, news, alerts and advanced charting and technical analysis.”

INXS has been set up with an investment of about $2 million. It expects to break even in 18 months, the company said here.

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