I came across Multipl app wherein you can have SIPs for a goal like buying a phone or trip expenses. Brands like Flipkart, MMT, Reliance Digital, Nykaa, Croma also co-invest in the SIPs and their contri can be cashed out as gift cards.
Now here are a few concerns I have:
The business model just didn't make sense to me. Any insight from FinBros, Product guys would be welcome.
Save Now Pay Later is another crap that is being peddled. There is natural demand for lending given borrowing helps to prepone your purchases. There is zero demand for save now pay later shit. Why would someone save on your platform? He/she can invest in better instruments via groww, indmoney etc. Save Now Pay Later as a sector has been force fitted as an alternative to BNPL while fundamental thinking around this has been completely missing.
Groww, zerodha, Jupiter, fi should be getting some commission from AMC. Do you know what is the commission percentage and what there term is typcially?
Hi Folks,
I was using Paytm Money App for MFs. Started around last year and kept my Auto Pay limit to 25k which I can’t increase now.
So I was planning to move to another app like Groww or any other.
Which app do you use currently ...
Need your suggestions advices in which app is better for long term sips. My concern is the app should be easy to understand has less hidden charges and can be looked after for 10 years atleast.
Kuvera
What is your advise when it comes to investment via apps? Do you invest through the same app or distribute investments across multiple apps? For example, if I want to invest in SIPs, is it good to do so through a single app or use differ...
