SEBI Registered Investment Advisory (RIA) Pickright Technologies just lately joined palms with Bajaj Financial Securities Limited (BFSL) to supply thematic funding concepts on the BFSLTRADE App. With this partnership, retail buyers can now spend money on diversified portfolios in a single click on and get analysis and advisory companies to ease inventory choice to construct a long-term portfolio.
In a press release, Pickright mentioned it should provide totally different investpacks which might be theme-based funding picks like girls, scholar, and retired person-centric investpacks with many extra monetary merchandise via the BFSLTRADE APP.
BFSL shoppers can place a number of orders with out worrying about brokerage as the fees of BFSL is among the lowest brokerage charges and lowest MTF (Margin Trade Funding) rates of interest within the business, in accordance with the assertion. .
The wealth tech startup goals to leverage and provide full E2E monetary planning and clever monitoring companies to BFSL prospects within the 6-9 months.
Commenting on the partnership, Archana Elapavuluri, Co-Founder of Pickright Technologies mentioned, “Our partnership with BFSL as a wealth tech partner is an essential step towards simplifying investments for every retail investor and becoming a one-stop solution for all their financial goals. We will be providing ready to invest theme-based diversified smart portfolios that are managed, monitored, and rebalanced, Thus providing a truly delightful experience to BFSL customers. With this collaboration, we are looking to target at least 30% of the total user base of the platform to be on Pickright in the next 6 months.”
Manish Jain, CEO, Bajaj Financial Securities Limited (BFSL) mentioned, “Since the lockdown, there has been an upsurge in the new Demat Accounts, and investors are keen to start their wealth creation journey. A significant percentage of these investors opening Demat and Trading accounts today are new to the market and seek guidance for stock selection. Pickright has been garnering a lot of interest amongst Indian investors for their theme-based investment picks. We are confident that our collaboration with Pickright will provide our clientele the expert assistance to help them seamlessly save, plan, invest and manage their wealth creation journey, all at a single click.”
Pickright has additionally partnered with 10 extra brokerages, retail tech, and different B2C corporations in different domains to offer E2E wealth options for retail customers.
(Investment in securities market are topic to market dangers. Please seek the advice of your monetary advisor earlier than making any funding determination)
Source: www.financialexpress.com”