Neobank Fi has introduced the launch of a brand new sponsorship platform that can help customers spend money on financing to improve their wealth. Advancing its vision of rethinking the millennial financial plan, Fi, India’s fastest growing neobank, announced its launch. an investment platform to help users invest their money in Mutual Funds to grow their wealth.
The aim is to help users improve their finances by educating them about Mutual Funds and making investing enjoyable instead of hard work. Speaking to the media about the announcements, Fi founder Sumit Gwalani said, “We have designed our investment products keeping in mind, both the need for a new investor to be simple and the level of complexity required by a high-end investor.”
Fi has also announced that it will launch its P2P investment platform in a few weeks which will allow users to diversify their portfolio with annual profits of up to 9%. Thousands of years today choose to invest from an early age which allows them to remain independent after retirement, or even to understand early retirement.
A study by Computer Age Management Services (CAMS) shows that 1.7 million new mutual fund investors in their FY18-19 area were 1,000 years old, accounting for 47% of the total 3.6 million new accounts. Information such as NAV, previous operations, etc. presented in an easy-to-understand, non-jargon, and attractive way. To address the growing number of investors from beginners to experienced investors, we have created ‘Fund Collections’ and ‘Advanced Tests’. Fund collection is a list of selected funds that include options such as ‘Initial Funds’ and ‘Employee Options’ to reduce the overflow of information and simplify the decision-making process.
Fi Mutual Fund app screens: Wallet Collections and Advanced Screen. In the first stage, users can choose from a collection of indexes and passive wallets, while additional funds from all the top national funds will be added in the next few weeks.
Fi’s have decided to introduce index funds because they are a safe and easy way for users to be free from the idea of investing and offer competitive advantages at very low wallet management. Apart from Mutual Funds, Fi is also set up to withdraw funds. a peer-to-peer investment option called ‘Fi Jump’ which allows users to invest and earn up to 9% annual return on their investment. This was done in partnership with Liquiloans, RBI-registered lending, and lending platform. Investments made in the ‘Fi Jump’ can be withdrawn at any time – even slightly, and the investment value can be tracked at any time right in the Fi operating system.
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