All of us have at some point in our life have been mis-sold poor and expensive financial products by bank managers and insurance agents.
Given that experience we often turn to friends or parents for financial advice. While they have our best interests in mind, they are not professionally trained to provide holistic advice. In the age of Internet, platforms like Quora have helped but overall quality of advice remains poor.
Since going online in August 2016, we have brought a number of innovations to the fore. Paperless KYC, algorithm driven fund selection, rebalancing to name a few. Our mission is to build software that becomes the central nervous system of your money and guides you towards quality financial outcomes.
We are team of finance professionals, software engineers and experience designers. We have just got started and there is much more to come.
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Wealthy helps strike the right balance between risk and reward through asset allocation and fund selection
Control of money is entirely in your hand. Withdraw when you want, right from the mobile app or by logging into your Wealthy account from Web
You can chat with our trained customer support, from 9AM-8PM Monday to Saturday, right from website or mobile app
Your money is transferred directly to regulated mutual fund companies without ever coming to Wealthy’s bank account. We employ bank grade security to protect your personal information
Start investing in less than 3 minutes in a completely paper-less manner. Invest one-time or setup monthly (SIP) contributions for your portfolios
Withdraw money at the tap of a button and get money back to your bank account within 3 working days. Pause your monthly contributions or edit amount and date right from your Wealthy dashboard
Wealthy is an online investment service. We are here to help you grow your money in a way that is personalised, unbiased and proven. Our aim is to take the best practices of successful investing - asset allocation, diversification, rebalancing and review - and automate these practices using the power of technology.
The money invest by goes straight to reputed Mutual Fund companies without ever coming to Wealthy’s bank account. Post successful transaction, mutual fund units will get allocated under your name with a distinct folio number. Statement of investment can be downloaded from your Wealthy dashboard.
We don't charge you any fee to invest and manage your money using Wealthy. However, you pay an annual fee (called as total expense ratio) to the Mutual Fund which is adjusted from your investment by the fund manager. This fee is in the range of 0.2-2.2% annually depending on the portfolio chosen. Wealthy earns a part of this fee from the fund manager.
You can withdraw your money anytime from the your Wealthy account by logging on to web or via our mobile apps. There is no lock-in period in diversified portfolios. Tax-saver portfolio has a lock-in of 3 years from the day of your investment.
The returns are not guaranteed. Please note that there is also always a chance of incurring a loss or earning more than expected returns in your investment period. Wealthy has designed each portfolio such that chances of your investment going below your initial capital, by the end of your investment period, is less than 5%.
As per SEBI, the market regulator, it is compulsory to complete Know Your Customer procedure. However, with Wealthy, the process is completely paperless and can be completed in less than 3 minutes via our website / app. If you have previously made an investment in mutual funds / stocks, then you won’t need to go through the KYC process again.