Findvise (Acquired by Kredent Infoedge)

According to latest reports, only 3.37 crore, i.e., around 2.6% of the total population of 130 crore has made investments in the last FY. However, 66.6% of the population earning less than 50K pm, which is about 2.67 million in India, (according to NCAER), is saving around 40% of their income, but they are not so keen to invest the maximum amount of savings. The average cost of getting a complete financial planning consultation in India is around 10K p.a., which is very high for any upper middle class family. So, either they make investment based on their own knowledge or get misled by some financial product distribution agent. As a result, the average asset holding in India is only $3,835, whereas it is $52,819 for the world. We aim to mitigate this with professional guidance, proper and customized financial planning and investment advisory, which is simple, analytical and cost effective. We want to make India digitally smart and competent with the world’s average wealth standard.