Thank you everyone for participating in the journey of co-creating INDmoney. I wanted to take this opportunity to share some important updates that we have been working on:
1. Buying & selling of INDstocks is live 🚀
Excited to share that we are now fully live with Indian Stock trading on the INDmoney app with an overwhelmingly positive response❤️ from our early users!
The launch of Indian stocks is in line with our aim of delivering an all-in-one SuperMoney app with all the investment options in one place: across Indian stocks, ETFs, Savings & Deposits, Global equities, Direct Plan Mutual Funds, etc. along with powerful financial dashboard for all your family members. All INDians can now set up their free Indian Stock account within minutes, buy and sell across 5000+ stocks & 160+ ETFs (all Stocks and ETFs listed at both Stock Exchanges, NSE & BSE); set up their daily savings & SIPs towards ETFs and Stocks conveniently, and also experience the highly simplified Intraday trading feature which gives you up to 5x times your wallet balance.
2. Digital Banking on INDmoney, now supercharged ⚡
We have a new digital banking partnership that has enabled us to RELAUNCH fast remittance (international) for US stocks as well as various other powerful banking features!
But why did we relaunch? On January 23, 2023, our then-banking partner was asked by the regulator to halt foreign remittances for all use cases. This affected both you and us as a company since the remittances to your US Stocks wallet became cumbersome and expensive. Given this development, team INDmoney worked relentlessly to launch digital banking with a new partner bank. From swift problem-solving to speedy collaborations, I am proud of the team to have executed the new launch in a record span. As of today, we are now live with:
- Fast remittance for your US stocks wallet
- Fixed Deposit products
And there are more digital banking innovations coming your way. Stay tuned!
3. Mutual Fund tracking is now easier🔥
We have made tracking your externally purchased Mutual Funds easier with a simple OTP!
Previously you had to track your externally purchased mutual funds via synching your emails with the App or manually uploading your statements. Now, I am excited to share that we are live with tracking of mutual funds via an OTP (One-time password) journey. We think of mutual funds as an open architecture product and we have hence beautifully integrated the experience of enabling you to track your external mutual funds as well as purchase/ switch/ redeem funds on the INDmoney app including setting up your nominees across family members!
4. Learning finance made simpler with IND Learn 🎓
We have made financial learning easier with free bite-sized courses on the app!
We are obsessed with making financial services easy, accessible, and truly democratized. We realized that there is a lot of educational material yet really difficult for people to comprehend but the buck stops here! With IND Learn, our financial learning center, we aim to simplify the learning experience with bite-sized courses. Till now, 0.5 million INDians have already learned via IND Learn and we can’t wait for this number to grow to 100 million because financial literacy matters!
5. Your Financial Dashboard is more powerful📱
Your financial dashboard is super-powered with insights across your spending, investments, and savings along with a 10-year view of your net worth!
All your bank accounts, credit cards, and expenses are now available in one place. Don’t miss the awesome expense insights across your bank accounts and credit cards. Your investment insights have also become more powerful with sector allocation across Stocks and Mutual Funds. For example, you will now know how much exposure you have in IT sector stocks across Mutual funds and direct stocks. Similarly, you would also be able to view your holdings overlaps across funds and stocks. Don’t forget to give the dashboard a spin!
Team INDmoney has been working hard to launch a range of impactful features aimed at making financial services and investing more accessible and easy for you. We remain committed to innovating and enabling you to improve your financial life!
Onwards and upwards, INDians!
Sincerely,
Ashish Kashyap
Founder & CEO, INDmoney