Mimic is a fintech idea that is a copy-trading platform, enabling users to replicate the investment strategies of prominent investors, financial influencers, and even elected officials , allowing everyday individuals to
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Yah recently one yc participants also pitched this idea in their video round. And this is not legal in India cause I am working with a SEBI registered RA and he refused that SEBI will not allow this idea.
I don't agree , SEBI’s IA Regulation (2013, Clause 2(l)) defines investment advice as a personalized recommendation—Mimic never gives that. It just shows portfolios, like Screener or YouTube channels with 100K+ finance followers already do legally. • Over 70+ creators on platforms like Smallcase publish model portfolios under RIA or RA partnerships—Mimic follows the same route for monetized creators. • SEBI’s June 2023 circular allowed PMS performance disclosures with a 3-month lag—showing they're open to transparency-first models, not just traditional advisory. • Influencer-based trading insights are already public—e.g., Groww’s YouTube channel (5M+ subs) breaks down investor portfolios with no compliance issues. So yes , looks like gray area , but it's not on how we're trying to operate , I hope I'm clear to you , & if you aren't convinced by this, wait till we execute it legally with SEBI complaince
And at last platforms like Smallcase get away with it because they're tightly regulated and follow strict guidelines. But anything outside that framework, even if it’s manual, can still raise compliance issues.
Now second point you mentioned running trades through a SEBI-registered broker protects the execution part sure but SEBI's concern is more about who is influencing the decision to buy/sell. And if someone is copying another person’s portfolio systematically, it can be seen as "disguised advice" unless the creator is SEBI-registered themselves.
What is like bro
Sorry , I didn't understand your question
Good idea btw.But through an app called screener shows all these famous portfolios...and strategies vary for every person right. But this does have some potential all the best!
All the best bro...I hope you win!
Ohh so you mean that the portfolios you display will be agile based on user preferences...so users will be benefitted creating a win win situation
Thanks ,Screener is great for research, but it’s static—you can’t track real-time moves or execute them. MIMiC is action first, It's like going from watching portfolios to actually investing like them
There's numerous copy trading platforms right?
No, there aren't any—all of them are focused on crypto which refers to copytrading, and no one is built for the Indian equities market with SEBI compliance
If you like the idea , please upvote it Also dm me if you have any queries or suggestions
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