If your objective is to generate long-term wealth but you lack the expertise to research stocks yourself, portfolio management service (PMS) providers can assist you in investing in the stock market.
However, PMS firms work with investors who have a portfolio worth at least Rs. 50,00,000.
WealthDesk and Smallcase tackle the problem by making PMS-level advising services available to retail investors with portfolios of 10 to 20 lacs, such as you and me.
Rather than investing in individual company stocks, the investment portfolio focuses on long-term trends.
Portfolio investing solution suppliers WealthDesk and Smallcase –
- Provides a stock selection chosen by experts.
- Stock order placement with a single click in conjunction with your stockbroker
- Expert portfolio tracking and rebalancing through the internet
- Using the built-in tools, perform a portfolio analysis.
- In your trading account, you own the stocks and receive all dividends straight in your bank account.
Both WealthDesk and Smallcase are founded in India and have credible founders.
WealthDesk was established in 2016 by Ujjwal Jain, CFA.
Smallcase was founded in 2015 by IIT Kharagpur grads Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta.
They feature overlapping product offerings and appear to be comparable on the inside. Both platforms provide investors with a one-click solution for building a reputable stock portfolio. Portfolio investment baskets created by SEBI licenced investment advisors and research analysts are available on both sites.
Shares in a certain basket must be purchased on the NSE and BSE using a Demat and trading account.
The service can only be provided in conjunction with the assistance of stockbrokers. You can’t buy a basket if your broker isn’t affiliated with any of the companies.
WealthDesk and Smallcase have partnerships with various stockbrokers. A list of brokers who have integrated with both brands can be found here –
Provides Services Through Discount Brokers such as Zerodha, Upstox, R Money, and Paytm Money, as well as Full-Service Brokers such as Anand Rathi, Arihant Capital, Astha Trade, BP Wealth, ICICI Direct, IIFL Securities, JM Financial, Motilal Oswal, Prabhudas Liladhar, Pune e Stock, Religare, Sushil Finance, and Yes Securities.
Smallcase provides services through discount brokers like Zerodha, Upstox, Alice Blue, 5Paisa, and others.
Angel Broking, Axis Direct, Groww, HDFC Securities, Kotak Securities, Edelweiss, IIFL Securities, Motilal Oswal, and Trustline are examples of full-service brokers.
Fees and Surcharges
WealthDesk and the Smallcase platform are both free to use. Browsing and exploring are also free of charge. You will be charged as soon as you purchase a basket.
You will be charged two types of fees: advisory charges for basket purchases and standard buy/sell charges by your stockbroker.
WealthDesk Advisory Fees
You can invest in WealthBaskets for free using Paytm Money.
Other WealthBaskets include recurring fees that range from 0.5 per cent to 2.5 per cent and are charged every quarter, six months, or annually (as a proportion of the investment amount).
The maximum price you would spend for WealthBaskets for a 12-month subscription is Rs. 3,200. This grants you access to all accessible WealthBaskets.
Advisory Fees for Smallcases
At the time of purchase, you are only charged a one-time price of $100 for each minor case.
If you invest less than $4,000 on the day of investment, the fee is just 2.5 per cent of the amount invested.
There are also tiny cases with recurring fees every quarter, six months, or annually (as a percentage of the investment amount) ranging from 3% to 21.5 %.
The most price you would have to pay for a smallcase is Rs. 35,400 for a period of 12 months. You only have access to one of the smallcases in this.