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.”
- Kolkata CP urges elderly to stay alert against digital scams at ‘Pronam’ interaction
- Sona Incubations, Salem picks 17 startups for Rs 11 Mn DST investment, grant
- Visva-Bharati University unveils a transformational roadmap under Vice-Chancellor Dr. Probir Kumar Ghosh
- Sona College of Technology hosts Think Salem 2025: To spur startup opportunity from Tier-2 Cities
- ACM India unveils National AI Olympiad 2026 to spot school talent for global AI stage
- Reject Macaulayan education, reclaim Indian values: H M Bangur’s big World Hindu Economic Forum pitch
- Sona College of Technology: Many academic, research and industry-linked advances in 2025
- Kolkata: ICCR hosts 10th anniversary celebration of Robir Kiran
- Sydney's Bondi Beach horror: Pakistani-origin man named as one of the key suspects
- ‘Abba Aur Main: Ek Anokhi Dastan’ — Urdu Translation of Neelima Dalmia’s Memoir Launched at New Delhi’s Jashn-e-Rekhta Festival
Etihad Airways is set to introduce direct flights to Luxembourg, becoming the first airline from the Middle East to operate services to the country. Launching on Oct 29 2026, the new route will also be the only nonstop connection between Luxembourg and Abu Dhabi, linking two key centres in Europe and the Middle East, the airline said.
Lufthansa will mark its 100th anniversary in 2026, commemorating a century since the founding of the original “Luft Hansa” on January 6, 1926. The airline’s first flight followed shortly after, on April 6 of the same year, marking the beginning of what would become one of aviation’s most recognisable brands.
Tata Group-owned Air India on Tuesday announced a new, unilateral codeshare partnership with airBaltic, the flag carrier of Latvia, thus making the Baltic region more conveniently accessible for Air India customers.