Moneyfront.in, one of India’s leading robo-advisory mutual fund investment platform launched its mobile App for the Android platform. The App is an extension of the company’s vision of making direct plans of mutual funds easily accessible to investors and create a paperless investment platform. With the introduction of the android application MoneyFront has amplified investors’ convenience by offering mutual fund investment, portfolio management and performance monitoring straight from the smartphones.
Mr Mohit Gang, Co-founder and CEO, Moneyfront.in said, “Moneyfront’s App embodies our vision of making investment in mutual funds simpler with each step. There is myth surrounding direct plans of mutual funds that they are hard to invest in. This has led to investors shying away from direct plans, despite its obvious benefits. The introduction of MoneyFront.in, our website facilitated ease of investment, and the introduction of the app adds further value to this convenience. Using the Moneyfront App, investors can just sign up under 5 minutes on their mobile phones and invest in mutual fund schemes in a matter of seconds. They can also manage and monitor their portfolios on the go. App is currently on the Android and we will get it live on the IOS platform in coming months.”
Moneyfront.in is one of the country’s first paperless investment portals which offer investment in direct plans that ensure maximised returns as compared to regular plans. It is a platform targeted at both novice and expert investors, who want save on third party built-in commissions of up to 1.5 % on their investments in mutual funds. With over 1.7 crore investors and 5crores folios in Mutual Funds, the total industry AUM comes up to a collective of 18.5 lac crores. Out of which investment through direct plans stands at around 7.8 lac crores only.
Key highlights of the App are:
Unparalled investment convenience
Investors can now invest in direct plans of mutual funds from their mobile phones, choosing their preferred time and place.
Instant Sign up & 100% Paperless
Investors can use the app to buy one time or set up a monthly SIP to invest in direct plans of mutual funds
Investors can redeem investments at any time
Automated and Unbiased advice
Investors get access to unbiased recommendations based on complex data algorithms
Status on capital gains
Investors can get capital gains status on the App
No Distributor Fees:
Monerfront.in help investors save on distributor costs and on upfront and inbuilt commissions which eat into an investor’s savings. Up to 1.5% more returns every year on investments by investing in the Direct Plan of Mutual Funds
Free services for first 3 months after registration. Post which, a nominal yearly fee to use the platform
Manage your portfolio and monitor your losses/gains on-the-go. Performance, risk, returns & taxes – Personalized reports as per investor requirements. Track it 24*7 on the move with the soon to be launched www.moneyfront.in mobile app
Live feeds, regular updates, story behind the numbers. Schemes analysed, ranked and dissected for the discerning investor.