MoneyFront is a brand owned by MoneyMap Investment Advisors Pvt. Ltd. The idea of MoneyMap was conceived in summer of 2015 by three school friends - Mohit Gang, Anil Bang & Puneet Mehta. All three working in different companies, yet combined with their passion for investments and markets!
The investment platform primarily offers financial advisory services to its clients via a comprehensive portfolio approach using a fully automated and paperless platform. Moneyfront uses a smart algorithm to profile the client and suggests the best Direct Plan suited to the investors’ persona.
Moneyfront believes in the philosophy that a ‘Happy client is your best advocate,' hence, as a conscious call, the company offers only Direct plan of mutual fund schemes, which has lower expense ratios as against the regular plans.
Thus, Moneyfront will be a one-stop digital solution offering comprehensive advisory to its clients. The platform offers scheme recommendations that have the lowest expense ratios (in-effect better returns) as compared to what any other broker or advisor offers in the marketplace. This is made sure by offering only Direct Plans. While the entire distribution industry offers a regular plan and makes a commission out of clients’ investments, Moneyfront will clearly stay away from this approach and work towards a client-centric model of advisory.
Moneymap Investment Advisors Private Limited is registered with the Securities and Exchange Board of India (“SEBI”) as an Investment Advisor under SEBI (Investment Advisers) Regulations, 2013 (“IA regulations”) vide registration no. INA000004500 dated April 05, 2016, pursuant to which it provides investment advisory services to its clients.
505, Crystal Plaza, Satam Wadi, Opposite Solitaire Park, Andheri (East) Mumbai, Maharashtra 400099 India
Pros: They are very understanding enjoyed working with them
Situations handled by them was very patiently. Cons: They do not revert on mails quickly
A little delay in the feedback as well
Pros: Supportive and understanding client.
Good co-ordination with the HR.
The team is very understanding and patient, had a good experience working with them Cons: The feedback is delayed at times