Research Analyst - Equity & Mutual Funds

Zenara Technologies; Bengaluru; Hybrid; INR 1,200,000 - 2,500,000; Full time

Job summary

Zenara Technologies Private Limited in Bengaluru seeks a Research Analyst with strong expertise in Indian equity markets, fundamental analysis, and mutual fund evaluation to help build the research engine behind adwizr, our AI-powered financial advisory platform.

The role spans stock and mutual fund ratings, industry research, model portfolios, and research-backed stock baskets, with hybrid work four days in office and one day remote.

Qualifications

• CFA Level II cleared mandatory; Level III is welcome.
• MBA/Finance/CA or related postgraduate qualification preferred.
• 2–5 years in equity research, stock analysis, mutual fund research or investment research.
• Experience in Indian brokerage research, AMCs, wealth management, investment advisory, or fintech preferred.

Responsibilities

• Conduct fundamental research on Indian listed companies, covering financials, business models, valuations, and risks.
• Analyze industries, sectors, macroeconomic developments, and market trends to identify investment opportunities and risks.
• Evaluate mutual fund schemes using returns, risk metrics, portfolio composition, and benchmarks.
• Develop screening criteria, scoring methodologies, and rating models for stocks and funds.
• Create research-backed stock baskets and model portfolios based on strategies and diversification.
• Monitor stocks, funds, and portfolios; review developments and adjust recommendations.

Skills

Equity research

Financial statement analysis

Valuation

Mutual fund evaluation

Financial modelling

Excel

Data analysis

Writing & communication

Education

CFA Level II

MBA/Finance/CA or related postgraduate

Tools

Capitaline

CMOTS

Bloomberg

Refinitiv

Morningstar

Value Research

Job description

Hiring: Research Analyst Equity & Mutual Funds

Company: Zenara Technologies Private Limited

Location: Bangalore

Experience: 2 - 5 Years

Employment Type: Full-time

Work Mode: Hybrid (four days in office, one day remote)

Role Summary

Zenara Technologies is seeking a Research Analyst with strong expertise in Indian equity markets, fundamental analysis, and mutual fund evaluation to help build the research engine behind adwizr, our AI-powered financial advisory platform. The role spans stock and mutual fund ratings, industry research, model portfolios, and research-backed stock baskets. It offers a rare opportunity to shape how rigorous investment research is translated into objective, automated, goal-based advice for a wide base of investors.

Key Responsibilities

• Conduct fundamental research on Indian listed companies, covering financials, business models, management quality, valuations, growth prospects, and risks.
• Analyse industries, sectors, macroeconomic developments, and market trends to identify investment opportunities and emerging risks.
• Evaluate mutual fund schemes using returns, risk metrics, portfolio composition, fund manager performance, costs, and benchmark comparisons.
• Develop research frameworks, screening criteria, scoring methodologies, and rating models for stocks and mutual fund schemes.
• Create and maintain research-backed stock baskets and model portfolios based on investment strategies, valuations, diversification, and risk considerations.
• Monitor stocks, schemes, ratings, and portfolios; review material developments and recommend changes when warranted.
• Track trends across equities, debt, gold, and other relevant asset classes to develop investment insights.
• Prepare research reports, ratings, industry analyses, portfolio rationales, and market updates supported by reliable data.
• Collaborate with Advisory, Product, and Technology teams to integrate research outputs and methodologies into adwizr.
• Maintain research documentation, review processes, and disclosures in line with applicable SEBI requirements and internal governance standards.

Required Skills

• Strong knowledge of Indian equity markets, financial statement analysis, company valuation, and fundamental research.
• Demonstrable interest in capital markets and equity research, evidenced through professional work, published research, investment competitions, or a personal investing track record.
• Sound understanding of mutual fund evaluation and performance analysis.
• Ability to develop stock and mutual fund ratings, screening frameworks, model portfolios, and stock baskets.
• Understanding of portfolio construction, diversification, investment strategies, and risk assessment.
• Proficiency in financial modelling, Excel, market data analysis, and research databases.
• Strong analytical, writing, and communication skills, with high attention to detail.

Qualifications & Preferred Profile

• Mandatory: Cleared CFA Level II at a minimum; Level III candidates and charter holders are welcome.
• Education: MBA/Masters in Finance, CA, or another relevant postgraduate qualification in Finance, Economics, or a related discipline.
• Experience: 2 - 5 years in equity research, stock analysis, mutual fund research, or investment research.
• Experience in Indian brokerage research, AMCs, wealth management, investment advisory, or fintech is preferred.
• Exposure to stock ratings, model portfolios, stock baskets, and investment screening frameworks is an advantage.
• Familiarity with Capitaline, CMOTS, Bloomberg, Refinitiv, Morningstar, Value Research, or similar platforms is preferred.
• Relevant NISM certifications are an advantage.
• Prior use of AI tools in a professional setting (for example, AI-assisted research, data analysis, or report drafting) is strongly preferred.

What We Are Looking For

• Strong analytical judgement and understanding of Indian financial markets.
• A genuine passion for personal finance and a commitment to helping individuals make better financial decisions.
• A strong belief in advisory automation and in technologys ability to make high-quality financial advice objective, scalable, and accessible.
• Ability to translate research into objective ratings, investment theses, and well-reasoned portfolios and stock baskets.
• A disciplined approach to valuation, risk assessment, and ongoing research review.
• High standards of integrity, accuracy, documentation, and ownership.
• Collaborative and entrepreneurial mindset to build a scalable, technology-enabled research function.

About Zenara Technologies and adwizr

Zenara Technologies Private Limited is a Bengaluru-based fintech company founded and led by professionals with more than 100 years of combined experience across investing, financial advice, and financial technology. Our founding belief is simple: India learned how to invest long before it was able to receive unbiased advice, and every family deserves an adviser it can trust.

adwizr

Zenaras flagship product, is an AI-powered financial companion and a fee-only, SEBI Registered Investment Adviser, launching very soon in India. adwizr brings investments, insurance, tax, retirement, and estate planning together into one connected, goal-based plan. It earns no commissions and sells no products, so every recommendation is aligned with the clients interests alone. Clients assets always remain in their own name, and adwizr explains the reasoning behind each recommendation in plain language.

Our vision is to become the adviser every Indian family trusts first, so that 150 million households never have to face financial decisions alone. Joining Zenara at this stage is an opportunity to build the research, ratings, and portfolio capabilities that will sit at the heart of adwizr’s advice.