FINPICKSEARCH DIGITECH PRIVATE LIMITED

In their own words

Optimising the returns on invested capital by diversifying across asset classes and ensuring returns are channelized for betterment of individual’s / family’s life style by adopting methodologies such as goal based investing, ensuring adequate insurance cover, driving awareness around new age pension products, etc, and all of this in a seamless manner thereby making the efforts to have financially literate and financially self-sufficient society. Indian investors are majorly invested in Real Estate, Gold and Bank Fixed Deposits and have very low level of adoption of alternate assets such as Equity, Insurance, Bonds, Pension funds or Corporate deposits. If we are to compare the penetration of most popular asset class, i.e. equity, with the average penetration in developed world, penetration of ~ 5%-6% in India is way behind around 50% penetration in developed world. Similarly, penetration of ~ 3% in Corporate bonds, around 4.5% in Insurance and around 6% in Pension leaves the majority of population out of the benefits of diversification in these other asset classes.

Written by the company on its public Startup India profile. Not verified by us.