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How does ETMONEY make money?
The Challenge Of India’s Tight Fintech Market With its new services focussed around insurance and loans, ETMONEY is shifting to a commission-based revenue model where the financial service provider pays a certain fee for each new customer. This is in stark contrast to its earlier play of zero-commission mutual funds.
How does ET app make money?
On ETMONEY, you can invest in zero-commission, direct mutual funds, which helps you earn up to 1\% extra return every year compared to commission-embedded, regular mutual funds.
Does ETMONEY charge commission for mutual fund?
How ETMONEY Works. ETMONEY online platform helps you invest in commission-free direct mutual fund schemes. Further, the platform helps you track, manage and redeem your mutual fund investments from the convenience of your home.
Is ETMONEY direct or regular?
One of the most significant advantages of investing through the ETMONEY app is you invest in direct plans of mutual funds. When you invest through an agent (like a bank), you invest in a regular plan of the mutual fund.
Does ETMONEY charges for mutual fund?
ETMONEY Charges You do not have to pay any charges for buying units, tracking returns, and redeeming your mutual fund investment. The other services like purchasing insurance, applying for loans, NPS investment, using Expense Manager and generating credit reports are also free of charge.
How do I cancel SIP in ETMONEY?
Tap on the three dots at top right corner and click on “My SIPs” Select the SIP you wish to skip, click on three dots on top right corner and click on “Modify SIP” On this page, you will see an option to “Cancel this SIP” and “Skip next instalment”
How much does ETMoney charge for the mutual fund investments?
The ETMONEY does not charge anything for the mutual fund investments as it offers direct plans. It helps in earning more returns than the regular plans. Yes, it does not give a personalised advisory but to help you choose easily they have a very intuitive option “FIND FUNDS: available on the home page of the app.
How much does etetmoney cost?
ETMONEY online platform comes in the form of an app that is free to download and use. You do not have to pay any charges for buying units, tracking returns, and redeeming your mutual fund investment.
Why ETMoney is the best option?
ETMONEY offers users a single account to help in managing all investment needs like investing in mutual funds, insurance (health & auto), loans and NPS. You won’t have to access separate portals & apps for different investment needs. ETMONEY keeps you away from the challenge of memorizing several login ids and passwords.
What is the difference between Paytm Money and ETMoney?
While ETMONEY is already an established name offering loans, insurance and mutual funds to more than 40 lakh users, Paytm is a fintech mammoth who will offer mutual funds through its wealth management arm Paytm Money. What will be the outcome of this competition on the distribution space?
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