Never invest your hard earned money with someone who spend your money on pubs and senseless marketing material.

I know in and out of Minance and how they operate. The so called investment company starts their trading operations at 11 after opening hours of market (kindly remember at this juncture, if market moves against you and Minance have holdings in your account, think you lost capital).

The so called CEO of company comes to office at 1:00pm and designs so called delta neutral, vega and gamma neutral, and thetha eating strategies. He designs this strategies using capital mind ( he is a big follower of Deepak Shenoy, I come to this point later). They don’t have any internal platform and claim themselves as fintech company. I seriously don’t know what problem they trying to solve.

Their bloom product, which claims long term returns, is again a copy cat of capital mind. Mr. CEO has access to all premium slack channels (paid version) of big personality like Deepak Shenoy. He chooses that security which is common in all slack channels.

Coming to their derivative product, Arbour. Again Mr. CEO takes his view after hangover at 2:00 and takes positions in client accounts. No data driven decisions or no Algorithm. I urge retail investors to think thrice before choosing such company.

Coming to educational credentials, one can easily get the company’s bio online. This company surviving on brokerage rebate from angel broker now shifted to IIFL. Take best call for your money and I seriously think those smart people who think to fund this company.