ETMONEY crosses Rs 500 cr gross mutual funds sales in a month; investments managed surpasses Rs 20,000 cr

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ETMONEY, a fintech and investments platform, has crossed the milestone of Rs 500 crore of mutual funds sales in a month. The overall investments tracked and managed on the ETMONEY platform has grown to over Rs 20,000 crore with investors from over 1,400 cities across India.

According to a press release issued by ETMONEY, it has accomplished this growth on the back its customer-centric approach and multiple industry-first initiatives. “ETMONEY was the first in the country to offer completely paperless video KYC for Mutual Fund investments and launched the country’s first Aadhar-based SIP payment feature. The recent addition of a report card for every Mutual Fund scheme in India has been of immense help for investors,” stated the release.

ETMONEY Founder & CEO Mukesh Kalra said, “With over 40% of our inflows coming via monthly SIPs and more investors joining the platform every month, we are well on track to cross Rs INR 10,000 crore of gross sales in the financial year 21-22.”

ETMONEY helps users take informed investment decisions by helping them invest in zero-commission direct mutual funds for free, protect their families with unique insurance solutions and use ETMONEY Credit Card to take instant loans at low-cost.

(Disclaimer: ET Money is owned by Times Internet, the publisher of Economic Times website)

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