Still, many are hesitant to invest in mutual funds due to a lack of know-how.
The trio launched Moneyfront, a financial advisory platform that lets investors invest profitably in direct plans of mutual funds and that too without any paperwork.
The company promotes this concept through technology and by offering transparent advice to clients wishing to invest in mutual funds.
"Our target customers are all existing investors in mutual funds who are currently investing through their banks or local distributors.
Moneyfront - Business Model And Revenue ModelAs Moneyfront caters to direct plans of Mutual Funds, it doesnâ€™t take any commission from fund houses.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Individual venture capital firms receive more than 1,000 proposals a year and are mostly interested in businesses that require an investment of at least $250,000.
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