CRED acquires Kuvera

[vishp]

CRED acquires Kuvera, marks entry into wealth management space. Was using Kuvera for my mutual fund investments. Thinking now to delink them from the app.

CRED acquires Kuvera, marks entry into wealth management space

The latest deal would allow CRED to offer investment product like direct mutual funds, FDs, SIPs, and digital gold to its user base besides financial planning tools. The company has also been looking to expand its new insurance product under fintech arm DASPL.

www.moneycontrol.com

 

[AritraSaha]

CRED acquires Kuvera, marks entry into wealth management space. Was using Kuvera for my mutual fund investments. Thinking now to delink them from the app.

CRED acquires Kuvera, marks entry into wealth management space

The latest deal would allow CRED to offer investment product like direct mutual funds, FDs, SIPs, and digital gold to its user base besides financial planning tools. The company has also been looking to expand its new insurance product under fintech arm DASPL.

www.moneycontrol.com

Can use indmoney, all features are available..

 

[Deleted member 11974]

invest directly with the fundhouse

 

[moneyMaker]

Ig if the amount is large, just use traditional banks?

 

[arun4455]

Ig if the amount is large, just use traditional banks?

The banks do not allow to invest in direct schemes. Or One has to take ETF route through their demat.

 

[palen]

I hate this.

 

[moneyMaker]

The banks do not allow to invest in direct schemes. Or One has to take ETF route through their demat.

I think you can directly invest on the MF's sites?

 

[COSMOCRAT]

Kuvera was a no BS, straightforward app with a decent UI and a single place to track everything. I guess continue with MF Central.

 

[moneyMaker]

I guess continue with MF Central

Is there any advantage of MF over NIFTY or smallcase/baskets?

Just cut the middle man?

 

[COSMOCRAT]

Is there any advantage of MF over NIFTY or smallcase/baskets?

Just cut the middle man?

MFs are actively managed with a fixed expense ratio that doesn't change often. Better for those who prefer to invest in midcap, smallcap, flexicap, and international FOFs. They are better to be actively managed to squeeze out as many gains as possible.

Nifty is good for large-cap-only passive investors since the options to select stock in large-cap are fewer.

Smallcase, I only used it briefly. Good if you can analyze stocks in depth and make your custom baskets. The pre-made baskets will be rebalanced constantly and eat away any gains as STCG tax will be required to be paid. Not rebalancing defeats the purpose of premade baskets.

I hate middlemen too and try to cut it where I feel it, if it's a small price to pay below convenience and time then I don't mind. Depends from person to person.

 

[Deleted member 11974]

I think you can directly invest on the MF's sites?

YES
+
=
+

 

[Deleted member 11974]

The banks do not allow to invest in direct schemes. Or One has to take ETF route through their demat.

DIRECTLY INVEST WITH THE FUNDHOUSE
YOU CAN CREATE A SIP MANDATE AS WELL IF REQUIRED

 

[moneyMaker]

The pre-made baskets will be rebalanced constantly and eat away any gains as STCG tax will be required to be paid. Not rebalancing defeats the purpose of premade baskets.

A very good point, thx.

 

[Deleted member 11974]

ALSO YOU CAN TRY ET MONEY

 

[moneyMaker]

ALSO YOU CAN TRY ET MONEY

Bhai chila kyun rha hai? Raat hogi hai.

 

[gamersgzb]

Kuvera was a no BS, straightforward app with a decent UI and a single place to track everything. I guess continue with MF Central.

I also invest via kuvera... Really nice app.. it's good to track, purchase and redeem from single app..
Don't like the indmoney as feel it's a bit complex app

 

[COSMOCRAT]

I also invest via kuvera... Really nice app.. it's good to track, purchase and redeem from single app..
Don't like the indmoney as feel it's a bit complex app

It also calculated any applicable tax based on FIFO for SIPs when you redeemed any manual number of units/amount.

Indmoney is very shady, they created a savings account without my knowledge when I tried years ago, and when I tried to link it never synced correctly.
CRED's UI is hideous and unnecessarily gamifies and bloats everything. I fear they will do the same to Kuvera.
Coin saves in demat form.
Groww is a wannabe super app.
ETmoney doesn't have a web app.
MFcentral is useful but has fewer QOL features and minor frontend shortcomings and looks like a love child of Windows 7 and Vista.

 

[arun4455]

Yes,

I think you can directly invest on the MF's sites?

Yes, but then you have to follow multiple AMCs website or track through cams/ karvy.
This give a single interface for direct mutual funds.

 

[prankster]

Been using Kuvera since 2017,simple and solid app. Hope Cred does not kill the User Experience.

 

[moneyMaker]

Coin saves in demat form.

What can be the issues here?