26 Jan 2017, 05:41 pm
This is one of the country’s first paperless investment destination, where only direct plans are at play ensuring higher returns.
It is a platform targeted at astute investors, who want to save on third party commissions on their financial products and services.
With over 1.5 crore investors and 5 crores folios in Mutual Funds, the total industry AUM comes up to a collective of 16 lac crores. Out of which investment through direct plans stand at around 6 lac crores only.
Mohit Gang, Co-founder and CEO, Moneyfront.in said, “We see a need and potential in the market place for a reliable and a fully automated advisory platform dedicated to investors who want to invest in mutual funds directly without going through a middle man. We want to create investor awareness and at the same time expand this direct plan investment route which is currently at 6 lac crores. Our focus markets at present are Delhi, Mumbai, Bangalore, Chennai and Kolkata. We will be looking at newer regions in the upcoming quarters.”
- Sona College of Technology welcomes 2,400 freshers to UG, PG programmes
- ‘Children shouldn’t carry the burden’: Social activist Sundeep Bhutoria urges Centre to enforce 10% school bag rule
- When the Body Becomes a Temple: The Ramnami Samaj's Century-Old Rebellion Now Inspires Kolkata's Durga Puja
- From Ramnami tattoos to a global app: Chaltabagan's 'Nishan' takes Durga Puja beyond Kolkata
- 66th Graduation Day: Thiagarajar Polytechnic records 100% placement for graduating batch of 692 across 11 disciplines
- 66th Graduation Day: Thiagarajar Polytechnic records 100% placement for graduating batch of 692 across 11 disciplines
- Three outstanding PhD scholars to receive Rs 1 lakh a year for three years from Valliappa Foundation
- Chaltabagan Durga Puja 2026: Khuti Puja marks new beginning amid Bengal’s political change
- Project Prayas: Taj Hotels, Prabha Khaitan Foundation turn hospitality floors into learning spaces for young adults with special needs
- Sona College of Technology Fashion Technology students win Ministry of Textiles' Design Innovation Hackathon
Air India and Drukair, Royal Bhutan Airlines, have entered into an interline partnership to enhance travel convenience and strengthen network connectivity between India, Bhutan, and destinations beyond.
SAS will resume nonstop flights between Scandinavia and India from October 1, 2026, with a year-round service connecting Copenhagen and Mumbai. The route will operate five times a week using an Airbus A330, marking SAS' return to India after a 17-year gap.
Bihar's Gaya is set to get a direct international air link to Bangkok, with IndiGo announcing twice-weekly flights from October 26, opening a faster route for pilgrims, tourists and business travellers.