In the world of mutual fund investing, Dezerv app has recently gained attention as a platform designed to help you manage and optimize their mutual fund portfolios. However, these questions remain: Is Dezerv trustworthy?
With its growing popularity, full of advertisements on YouTube and Facebook, many potential investors are curious about itsfeatures, and overall dependability. In this article, we’ll get to know about Dezerv, how it works, and if you can trust it with your mutual fund investments.
What is Dezerv App?
Dezerv, which was founded in 2021 is an investment tool that lets customers review and optimise their mutual fund portfolios. The platform is operated by a team of experienced founders who are Sandeep Jethwani, Sahil Contractor and Vaibhav Porwalwith backgrounds in investment banking and financial services, making it a trustedapp for investors looking to maintain their portfolios.
How Does Dezerv Work?
Dezerv works by considering your current mutual fund investments.After signing up, the app joins to your mutual fund statement and gives helpful advice based on what you have.Dezerv does more than just looking at your funds; it explains which funds are underperforming, why they are underperforming, and makes suggestions on whether funds to sell or retain for the long term or not.
Dezerv’s User Experience
When you download the Dezerv app from the Play Store or App Store, the registration process is easy. You must submit your email address, after thatDezerv will request access to your mutual fund statement via email. The app analyses your statement, giving you a full picture of your entire holdings and investment amounts, and current portfolio performance.
One of Dezerv’s distinguishing features is its ability to provide extensive information about the performance of your mutual funds. It calculates your funds’ target performance against sections such as the Nifty 100 and displays how your portfolio performs against the market. For example, the app will show if a particular fund has underperformed and will give you the reasons for the underperformance.
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Is Dezerv Trustworthy?
1. SEBI-registered Portfolio Manager And Mutual Fund Distributor.
Dezerv is a SEBI-registered portfolio manager and mutual fund distributor, which makes major trustable app. The Securities and Exchange Board of India (SEBI) monitors financial platforms in India to ensure they adhere to ethical standards and protect investors’ interests. Dezerv’s control of these licenses shows that the company follows with regulatory rules and works honestly.
2. Skilled Leadership and Strong support
This app is managed by a team of experienced experts with backgrounds in investment banking and financial management. Dezerv’s reliability is improved by the experience of its founders and leadership team, who have a great understanding of financial markets and mutual funds.
3. Actionable Insights and Transparent Recommendations
Dezerv was created to allow you with actionable insights and personalised recommendations. It identifies underperforming funds and provides expert recommendations on which funds to sell, retain, or add to your portfolio.
The app modifies recommendations based on your particular portfolio and financial goals, rather than simply providing normal advice. This increases its trustworthiness. Furthermore, the app provides thorough explanations for its recommendations, ensuring that users understand why particular funds are underperforming and how to improve their portfolios.
Key Features of Dezerv
1. Portfolio Review and Insights
One of Dezerv’s primary feature is to analyse and evaluate your mutual fund portfolio. It allows you to check your entire investment, current portfolio performance, and identify areas for improvement.
The app provides a detailed breakdown of your stock, debt, and gold holdings, providing you a complete picture of your portfolio. It also assesses your risk exposure and gives specific information on how your investments are allocated across various categories and asset management firms (AMCs).
2. Performance Comparison to Benchmarks
Dezerv analyses your mutual funds’ performance to important benchmarks, such as the Nifty 100 index. This feature shows you how well your funds are performing in comparison to the market. If a fund has been underperforming, Dezerv provides actionable insights to help you make informed decisions, such as whether to exit the fund or hold onto it for a longer period.
3. Personalized Portfolio Recommendations
Dezerv also makes personalised portfolio recommendations depending on your risk profile. During the setting process, you can select your investment style which includes Careful, balanced, aggressive, growth or conservative. Based on this, the app generates a customised portfolio with recommendations for which funds to invest in across various risk categories.
For example, if you choose a balanced investment plan, Dezerv may recommend investing in a combination of stock and debt mutual funds that match your financial intrests. The platform guarantees that these recommendations are personalised to your risk tolerance, making it easy to put up a diverse portfolio.
4. Regular Mutual Fund Offerings.
Another unique feature of Dezerv is that it provides normal mutual funds rather than direct mutual funds. This means that Dezerv receives a commission from mutual fund distributions, which is how the app makes revenue.
Unlike some platforms, which may not openly express their business strategy, Dezerv is open about how it makes money. This transparency helps us to trust the platform since we understand how it works and how it makes money.
5. Dedicated Investment Advisor
Dezerv also offers consumers access to specialist investment advisors. Once you’ve started using the app, you can contact a designated advisor via WhatsApp if you have any questions or need advice about your portfolio.
Pros
- Simple Registration Process:
Signing up for Dezerv is quick and easy, and the user-friendly design makes it simple to use to even for beginner investors.
- SEBI-Registered:
As a SEBI-registered portfolio manager and mutual fund distributor, Dezerv follows strong regulatory rules to protect investors.
- Personalised Insights:
Dezerv provides unique insights based on your current mutual fund portfolio, allowing you to make informed investing decisions.
- Dedicated Advisors:
Having access to dedicated investment advisors provides a personal contact, ensuring that you receive expert guidance when necessary.
- Transparency:
Dezerv is open about its business plan, it provides regular mutual funds, allowing customers to understand how the platform makes money.
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Cons
- Regular Funds Only:
Dezerv only provides regular mutual funds, which will effect in higher costs than direct mutual funds offered on other platforms.
- Limited Investment Options:
The app is largely focused on mutual funds, so if you’re looking for a platform that includes equities, bonds, and other asset classes, Dezerv may not be the good option.
- New in the Market:
While Dezerv has good features, it is still in its early stages when compared to other financial platforms.
1. Is Dezerv registered with SEBI?
Yes, Dezerv is a Portfolio Manager registered with the Securities and Exchange Board of India (SEBI). The company got this registration in 2021 under SEBI’s Portfolio Manager Regulations, assuring that it follows to the highest levels of investor protection and compliance.
2. Is Dezerv a broker?
No, Dezerv is not exactly broker. Instead, it is a wealth management app that offers skilled financial advice. Dezerv enables you to invest in mutual funds and other assets, either in your own name or through a third-party guardian. While they manage and enhance your investments, they do not immediately provide as a broking platform for purchasing and selling securities such as stocks.
3. What does Dezerv do?
Dezerv is a wealth management platform that combines cutting-edge technology with the experience of financial professionals. Dezerv, founded in 2021 by a team with significant expertise managing big portfolios, provides personalised investment solutions to help you build wealth and meet your financial objectives. The platform focusses primarily on mutual fund investments, which are either held in your name or managed securely by third-party gaurdians.
Customer Service
Mail- member@dezerv.in
Phone Number- 022-48930368.
Conclusion
So, is Dezerv trustworthy? Based on the features, user experience, and regulatory support, the response is positive. Dezerv provides a user-friendly, SEBI-registered platform that includes personalised portfolio analytics, transparent operations, and access to specialised advisors.
It stands out as a dependable choice for individuals trying to enhance their mutual fund portfolios. While it does have restrictions, such as just offering traditional mutual funds, its openness and excellent leadership make it a reliable platform for managing your money.
However, like with any financial platforms, it is important to understand the charges and confirm that the platform matches your investment objectives. If you’re looking for personalised advice and a thorough measurement of your mutual fund portfolio, Dezerv could be a useful option to your financial investments.
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