SmartSpends rebrands itself to ETMONEY, additionally allows mutual fund transactions on the platform
Smartspends, the Occasions Web backed private finance app has rebranded itself into ETMONEY and has prolonged its companies to Mutual Fund transactions.
The change of name identify is in keeping with the workforce’s imaginative and prescient to create a cellular first residence for all private finance wants of Indians. Extra importantly, branding it as ETMONEY brings credibility, familiarity and belief of ‘ET’ Model.
Mr. Mukesh Kalra, COO, ETMONEY, commented, “We imagine that the monetary journey of retail customers in India is totally damaged. We began fixing it by enabling customers to know and handle their cash in a means much better than different alternate options. As a pure extension, we’ll now assist customers develop their cash by investing in mutual funds seamlessly.”
The brand new complete investing answer is constructed grounds up for brand spanking new traders to make their discovery, transaction & administration cycle easy & seamless.
Discovery of finest funds – Simple to know report playing cards and themes
For starters, ETMONEY makes it simple to seek out one of the best performing funds by way of auto-created themes. These themes are primarily based on particular targets (for instance tax saving) & are created by analyzing efficiency of greater than 5,000+ mutual funds over the past 5-10years. With the view to assist new traders perceive what they’re investing in, the app additionally affords no-jargon report card for every fund which clearly present the goodness of the fund when it comes to returns and danger. This provides the a lot wanted confidence to the traders whereas making investing choices.
Precise transaction – Fully Paperless, takes lower than 2min whether or not you might be KYC or Not
After getting recognized the fund to spend money on, the method of investing takes lower than 2 min, whether or not you might be KYC verified or not (As per authorities laws, to spend money on mutual funds, the patron must be KYC verified). The large differentiator right here is that the entire technique of on-boarding is totally paperless. After the one-time setup, it takes lower than 30sec to spend money on any fund. The app additionally provides you full visibility in regards to the stage your funding, similar to the way you see supply particulars on ecommerce websites. To begin with, the corporate has tied up with prime 10 mutual fund homes and allows you to spend money on greater than 5,000+ funds.
Submit Transaction – Distinctive data-led portfolio administration & suggestions
Submit funding, one other distinctive function of the app is its steady Portfolio Administration. Along with giving consolidated funding view of your investments completed by way of the app, it additionally allows you to observe those you haven’t invested by way of the app. Subsequent, it provides data-led insights into your portfolio that can assist you take corrective actions. Its good analytics system combines consumer’s spend sample, inventory market actions & investing patterns to recommend funding choices not like something out there out there. Its pretty much as good as having your personal workforce of private finance specialists working 24/7 in the direction of enhancing your efficiency, without spending a dime.
“Having a cellular & information first method helps us present a extra seamless, unbiased expertise. Every part that you just see on ETMONEY is backed by information and is totally clear”, Mr. Kalra stated.
The brand new investing answer is an addition to the automated expense and invoice administration options already supplied on the app. At present out there solely on Android, the app was lately featured by Google as a prime private finance app and is utilized by greater than 8 Lakh customers.
@Technuter.com Information Service