Kuvera app is a one-stop investment app with a simple way of using that makes financial planning easier. The app is completely free with no hidden fees, and you can upgrade to direct mutual funds without paying commissions. Overall, Kuvera is a handy tool for investors wishing to easily expand their portfolios.
Founders
Kuvera was founded in 2016 by Gaurav Rastogi, a former portfolio manager at Morgan Stanley, and Neelabh Sanyal, a former vice president at Axis Capital. Their goal was to provide a user-friendly platform for direct mutual fund investments with no commissions.
Mayank Sharma who is a cloud architect at Amagi, became the third co-founder in 2017 and managed technology. They collaborated to create Kuvera, a platform that provides low-cost wealth management services such as direct mutual funds, stock trading, tax planning, and goal-based investment, all with a focus on transparency and long-term growth.
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Advantages:
- Zero Charges:
There are no broking, account fees, or hidden expenses, which is best for people looking for low-cost investment options.
- Comprehensive Financial Products:
It provides many investing choices with multiple asset classes in one site with
Simple and easy Interface where many investors love the platform’s pleasing experience.
- Smart Alerts and Tools:
Features such as “TradeSmart” will notify you to capital gains, allowing them to manage their taxes more effectively.
Disadvantages:
- App Crashes and Performance difficulties:
Users frequently report slow loading, sign-in difficulties, and crashes which significantly impacting their experience.
- Transaction Failures:
Some customers report failed transactions that take too long to process, which causes dissatisfaction.
- Customer Service concerns:
Customer service is frequently complained for not resolving consumer concerns quickly, generating frustration among users.
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1. Can we trust Kuvera app?
Yes, Kuvera is SEBI-registered and follows strong security protocols with reputable partners, ensuring your investments are safe.
2. Who owns Kuvera?
Gaurav Rastogi, Neelabh Sanyal, and Mayank Sharma founded Kuvera.
3. How can I setup a SIP in Kuvera?
To setup a SIP in Kuvera, take the following steps:
Step 1: Ensure that all required documents are in order.
Step 2: Complete your KYC.
Step 3: Sign in to Kuvera and choose “Start SIP.”
Step 4: Select an right plan depending on your financial need.
Step 5: Decide how much you wish to invest on a regular basis.
Step 6: Choose a preferred date for your SIP contributions.
Step 7: Once you submit your form, your SIP will be set up.
4. Is Kuvera direct or regular?
Kuvera offers Direct Plans, which allow you to save on commissions.
5. What is the minimum deposit for Kuvera?
The minimum deposit for opening a Fixed Deposit is Rs. 5,000.
6. Are there hidden charges in Kuvera?
No, Kuvera does not charge fees, AUM-linked costs, or hidden charges.
Conclusion
Kuvera is a user-friendly investment apa that offers a wide range of financial products and has no fees. On the other hand, Users should be aware of the technical difficulties and bad customer support. Despite these drawbacks, Kuvera’s overall features, such as goal-based planning tools and account management, make it a good option for anyone seeking a low-cost investment platform.
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