A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets.
Mutual funds are essentially a basket of many financial instruments that generate returns over a period of time. If an investor invests in a mutual fund scheme, s/he buys units of that scheme based on the Net Asset Value(NAV) of that fund on the day of transaction.
Zerodha started operations on the 15th of August, 2010 with the goal of breaking all barriers that traders and investors face in India in terms of cost, support, and technology. We named the company Zerodha, a combination of Zero and “Rodha”, the Sanskrit word for barrier.
Today, Zerodha disruptive pricing models and in-house technology have made us the biggest stock broker in India in terms of active retail clients.
Over 5+ million clients place millions of orders every day through our powerful ecosystem of investment platforms, contributing over 15% of all Indian retail trading volumes.
Nithin bootstrapped and founded Zerodha in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Today, Zerodha has changed the landscape of the Indian broking industry.
He was named one of the “Top 10 Businessmen to Watch Out for in 2016 in India” by The Economic Times for pioneering and scaling discount broking in India.
Reference- Zerodha website
Groww is an investing platform where users can find the best mutual funds to invest in and can invest their money without any difficulty.
Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh started Groww in 2016.
Headquarters- Bengaluru, Karnataka
Only around 25 million people in India are investing in stocks or mutual funds. We will continue working to change this. The new capital will help us invest in new products, acquire talent and continue building our financial education platforms,” said Lalit Keshre, CEO & co-founder.
How to create Groww account–
Paytm Money Limited is a SEBI registered Investment Adviser (IA) that offers investment execution & advisory services. Our simplified user experience allows you to start your investment journey with zero paperwork, seamless digital KYC, automated payments, updated portfolio and powerful insights to take well informed investment decisions.
Vijay Shekhar Sharma is the Founder & CEO of One97 Communications & Paytm.
Vijay has played a major role in the evolution of mobile payments in India. Having nurtured an entrepreneurial streak for over a decade, he has successfully built businesses in content, marketing, payments and online commerce. His next aim is to build India’s first $100-billion company.
Cyrus Khambata is a Director at Paytm Money.
He comes with rich industry experience in capital markets and Banking, spanning over 40 years. He has held several leadership positions at BOI Share Holding, the Clearing House of BSE and at Central Depository Services (India) Ltd (CDSL) including Executive Director and Managing Director of CDSL Ventures Ltd (CVL). He completed his tenure as the Group Advisor to CDSL and its subsidiaries. He holds an M Com., LLB & a Diploma in Finance from Mumbai University along with professional qualifications from Institute of Company Secretaries & Institute of Bankers.
Reference Paytm Money website
We’re on a mission to make investing simple.
Say investing, and you think – biased relationship managers, complicated jargon, hidden charges, and myriad opinions on where to invest.
At Kuvera, we’re changing all that.
WE TACKLE THE HARD STUFF
Fund selection, goal planning, tax optimization, rebalancing – we take care of it in a transparent and unbiased way. And best of all, if a feature is missing then let us know and we will add it in our next release. Kuvera is the friendly investment community you have always wanted.
SO YOU, CAN REST EASY
We translate it all into an easy to use online platform that is absolutely free to use. Plus, we are always at hand to answer any questions.
UNIV. OF CHICAGO, IIT DELHI
Gaurav is our Chief Evangelist. As a Portfolio Manager with Morgan Stanley, Gaurav saw first hand how the wealth management industry is focused solely on the super rich. He started Kuvera to change that and is on a mission to make the latest investment tools available to everyone. He also enjoys quoting dialogues from movies and playing soccer.
Neelabh obsesses with solving for efficiency. His mission at Kuvera is to simplify the delivery of financial services. And for that, he focusses on unlearning everything he had learned while working for some of the largest banks in the world. He is an avid poker enthusiast and aspires for a WSOP bracelet someday.
SURAJ PRAKASH– VP, ENGINEERING
Suraj is our technology head & responsible for driving the company’s customer-centric technology vision. He is passionate about building for masses in the fintech space. As an architect at PayU, he designed and built the next generation of payment products and contributed in scaling the systems & business. He loves reading and playing chess and video games.
Reference Kuvera website
ETMONEY is on a mission to simplify the financial journey of retail consumers! We are a group of passionate Entrepreneurs, IITians and Designers with deep expertise in technology, mobile & financial services.
We are challenging the status quo of the entire financial services space and leveraging technology deeply to change it & shift the power back to consumers. We are reimagining everything related to ‘money’ using mobile, technology, design and data. We are a team that is passionate about personal finance & we care deeply for our users. An Innovation-first, Trust & Steep Learning based culture has helped us create a strongly bonded, super talented team of 200 members.
The Product team focuses their energy on turning ETMONEY vision into reality, every day! In the last 4 years, we have helped our users automatically track their expenses, pay their bills on time, smartly invest in mutual funds, take the right insurance cover, and get instant loan whenever they need. We are proud to have built such a unique platform that’s an integral part of our user’s personal finance journey. We make products that are mobile-first, paperless, and easy-to-understand even for a beginner.
Reference ET Money website