IndMoney Review


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What is IndMoney?

IndMoney formerly known as IndWealth is a portfolio management app or a finance app that helps its consumers track all their investments in a single place. It stole the limelight for the very reason that it made US stock investment from India a hassle-free task. It also provides investment opportunities in mutual funds, fixed deposits, and insurances in the Indian market. It is not a simple financial tracker. It helps the user calculate their net worth based on existing liabilities against investments. It helps the user directly buy fractional shares of famous listed stocks such as Apple, Alphabet, Amazon, and others which are otherwise beyond the regular investor’s budget. It is an app that consolidates all the investments, bank accounts, and liabilities for a specialized and simple view.

Benefits of IndMoney

  1. Indian Stock Market Analysis- The Artificial Intelligence advisory helps the consumer in market analysis by providing valuable information on the existing help stocks and prospects. Each stock has the PE Ratio, ROE, stock momentum, and such options for detailed understanding.
  2. Mutual Funds Basket- After the addition of the required information, one can create an MF basket depending on the risk appetite, investment tenure, and amount. It also provides an estimate of the money that can be generated in the next 10 years.
  3. The RoboAdvisory- This helps the consumer organize the investment basket using AI. It is a new addition and is currently one of the few fintech apps in India that provide and deploy Robo-Advisory full-scale front end.
  1. Indian Stock Market Analysis- The Artificial Intelligence advisory helps the consumer in market analysis by providing valuable information on the existing help stocks and prospects. Each stock has the PE Ratio, ROE, stock momentum, and such options for detailed understanding.
  2. Mutual Funds Basket- After the addition of the required information, one can create an MF basket depending on the risk appetite, investment tenure, and amount. It also provides an estimate of the money that can be generated in the next 10 years.
  3. The RoboAdvisory- This helps the consumer organize the investment basket using AI. It is a new addition and is currently one of the few fintech apps in India that provide and deploy Robo-Advisory full-scale front end.
  4. Some collective benefits of IndMoney can also be described as high security, high Fixed Deposit rates, Provision of a zero balance account, acquiring a home loan or loan against property, tracking credit card history, and managing the rewards of the consumers. It also provides commission-free US stock investment opportunities.

Some drawbacks of Using IndMoney

  1. The absence of an in-house robot advisory or chat platform that is handled by a customer care executive is big as the customers’ queries and doubts may take more than long to be solved. This small delay in problem-solving may hamper the user experience.
  2. Premium services that are provided are considered a little overpriced and unjustified due to lower satisfaction feedback by the customers.
  3. The customer support system that exists is rated only above average in a vital detail-oriented industry like the financial markets.

When the pros and cons of IndMoney are tallied for a final decision to be taken, many thoughts come to mind. For example, the exclusive feature of a 2-in1 account is novel, helpful and industry defining just like the accurate Robo-advisory feature. The positive of US market investing opportunities is negated by the very basic shortcoming of adequate customer support for confused users. The platform has made several advancements that are out of the question top-notch but the lack of a strong foundation may prove risky for the future and survival of the platform. The creators should focus on doubling down on their strengths and meanwhile cross out every small detail that portrays them to fall short in this competitive environment.

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