Nivesh Mitr is changing the way people invest. After understanding a user’s investment requirement, a personalised mutual fund portfolio is built for each investor and with just a click, you can start investing. What’s better is that their team constantly monitors your investments and gives real-time advice on your portfolio. All you’ve to do is click to approve while the experts are managing your money.
Anybody can start investing on www.NiveshMitr.com with as little as Rs. 500/- and is completely free to use.
Users are required to submit some of their basic details (which takes less than 5 minutes) to complete their account creation and they’re ready to invest.
Below are some of the interesting features of www.NiveshMitr.com:
Method of selecting funds
Nivesh Mitr’s team is regularly in touch with industry’s top experts like Nilesh Shah (MD, Kotak Mutual Fund), Jinesh Gopani (Head-Equities, Axis Mutual Fund) etc. With that information, they design your investment portfolios. And hence, you can be sure your money is in good hands. You can read these interviews on the website’s home page.
They have designed a proprietary tool to judge your risk profile in under 2 minutes. On the basis of five questions, it judges financially and psychologically, how much risk you’re comfortable in taking and designs your investment portfolio accordingly.
Nivesh Mitr’s method of calculating your risk profile is very unique. It does not follow the conventional asset allocation thumb rule (higher the age of investor, lower should be his risk capacity).
Nivesh Mitr follows the principle that – A 65 years old investor whose goal is to invest for his grandchildren for 20 years, should have an aggressive investment portfolio while a 20-something investor who is not comfortable with any short term losses should invest only in conservative investment options.
It is extremely simple and easy to invest through Nivesh Mitr. They have minutely designed the website without using any financial jargons to make sure even a layman can start investing on his own.
Completely online & paperless
Right from creating your account, getting your PAN KYC verified (a regulatory requirement by SEBI) and executing transactions. The entire process is completely paperless. You can say goodbye to signing forms and making cheques.
Analytics & Reports
- Smart analytics not just telling you when to invest, but also the best time to withdraw your money to increase the probability of best returns
- Tax reports, portfolio valuation statements are readily available
Invest online even if you don’t have internet banking
They have an advanced technology in place which lets you invest online (with just a click) even if you don’t use internet banking. At the time of signup, the website prompts you to the bank mandate page, on completion of which you can start investing seamlessly.
Safe to use
You don’t need to worry about the security of your account. Nivesh Mitr takes security very seriously. Your funds are routed through the BSE platform and do not even touch Nivesh Mitr’s bank account.
This feature of Nivesh Mitr is like a self-driving car. You can input how much money you need and when. And Nivesh Mitr will tell you exactly how to achieve that goal. They have designed smart goal calculators to help you plan your financial goals. Some of the financial goals include retirement, holiday, house, car, child education, child marriage, etc.).
Every investor is allotted an exclusive investment advisor who helps in your investment journey. Their customer service is very quick, responsive and dependable.
Flexibility to select your own funds
Apart from selecting in its recommended portfolio, you have the flexibility to invest in your choice of funds too.
Nivesh Mitr is a smart and safe solution to your investing needs. They make intelligent investing fun, simple and accessible to all. You should definitely try it and let me know what you think of it.