ETMONEY continues its rapid growth; crosses $ 3 billion in investments managed on its platform
Update: November 17, 2021 2:46 PM STI
New Delhi [India], Nov. 17 (ANI / NewsView): ETMONEY, one of India’s fastest growing investment and wealth management platforms, has passed US $ 3 billion (INR 22,500 crore) in funds mutual funds managed on the platform.
The current value of investments made through ETMONEY itself has exceeded $ 1 billion, while an additional $ 2 billion of investments are actively managed by its users through the import of their verified wallets to the platform. The investments made via ETMONEY went from INR 832 Cr. in March 2019 to over 7,500 INR Cr. in October 2021, growth of 901% in 2.5 years. While the total managed investments grew by over 100% during the same period.
ETMONEY has been a pioneer in the country’s wealth tech space and has launched a host of innovative innovations such as KYC paperless video for mutual fund investments, the first Aadhar-based SIP payment function. country and a report card for each mutual fund system among others.
Guided by a series of educational investment initiatives, ETMONEY users have been able to maintain healthier investment portfolios with much higher SIP contribution and retention. The quality of the growth is also evident in the average INR 2,300 SIP of ETMONEY users, which is much better and 53% above the average of the top 5 players online. More than half of new users on ETMONEY are novice investors who choose the free and commission free trading platform for its simplicity and reliability.
Taking this step, ETMONEY Founder and CEO Mukesh P Kalra said, “We are proud that so many users across India have trusted ETMONEY with billions of dollars of their hard earned money. Our relentless efforts to simplify the wealth creation journeys of Millennial Indians are in helping us ride the wave of massive growth in wealth technology in India. This is just the start for us, we aim to set new benchmarks in the industry with our next line of innovative products that will solve the next round of wealth management challenges in India. India.”
ETMONEY is India’s largest financial services app that simplifies the financial journey for New Age Indians. ETMONEY helps users make informed investment decisions by helping them invest in direct, commission-free mutual funds for free, protect their families with unique insurance solutions, and use the ETMONEY credit card to take out claims. instant loans at low cost.
With 350% growth per year, combined with multiple innovative solutions, in less than five years, ETMONEY has added 10 million users to its platform in more than 1,400 Indian cities. ETMONEY manages and tracks over INR 22,500 crore of mutual fund investments.
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