Making Its Mark In The Indian Fintech Space, ETMONEY Crosses Rs.2,000 Cr Of transaction In Mutual Fund Investments - GADGETS INNOVATIONS


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Tuesday, February 12, 2019

Making Its Mark In The Indian Fintech Space, ETMONEY Crosses Rs.2,000 Cr Of transaction In Mutual Fund Investments

● Adding over Rs.150 Cr in investment transaction value every month
● Investors from 1,200+ Indian cities are investing in Mutual Funds using ETMONEY

India’s largest app for financial services, ETMONEY announced today that it has crossed the landmark of Rs.2,000 crores of money invested in Mutual Funds through its platform. It is also adding more than Rs.150 Crores of new investment transaction value every month from investors across 1,200 cities.

The news comes five months after ETMONEY switched to Direct Mutual funds, allowing users to invest through its platform at 0% commission. These benefits of providing users with low cost and transparent investment options from a single place has struck the right cord with users and ETMONEY has since then doubled the amount of investment done on its platform, with SIPs being the most prominent investment mode.

Over the last 18 months, ETMONEY has introduced a slew of Industry-first offerings like SmartDeposit with Instant Withdrawal, Paperless KYC, One-tap Portfolio Buys, SIP Registration without First Installment and Option to Skip SIP Installments. All these unique features have helped it gain the largest market share of total new monthly SIPs amongst all Online Mutual Fund Platforms.

Continuing its innovation streak, it also launched a unique feature to enable existing investors save lakhs in agent commissions on their existing mutual fund investments by instantly allowing them to switch to direct plans. This has already helped its users convert over Rs. 500 crore worth of investments from regular into direct plans.

With an aim to play an integral role in a modern Indian’s financial life, ETMONEY has expanded its offerings providing Instant Personal Loans through its app along with Insurance products via ETInsure. This has helped to grow it’s total transactions across all services to an annual figure of over Rs.2,100 Crores which is growing at 200% every six months.

Used by more than 50 Lakh Indias, ETMONEY is available on Android or iOS.

New Delhi, February 12, 2019

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