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Business EconomyPosted at: Feb 12 2019 4:56PM


ETMoney crosses Rs 2K cr of investment in MF

New Delhi, Feb 12 (UNI) Financial services app ETMoney on Tuesday announced that it has crossed the landmark of Rs 2,000 crores of money invested in Mutual Funds through its platform.
It is also adding more than Rs.150 crores of new investment transaction value every month from investors across 1,200 cities.
"The news comes five months after ETMoney switched to Direct Mutual funds, allowing users to invest through its platform at 0 per cent commission. These benefits of providing users with low cost and transparent investment options from a single place has struck the right cord with users and ETMONEY has since then doubled the amount of investment done on its platform, with SIPs being the most prominent investment mode," said ETMoney Founder and CEO Mukesh P Kalra.
"We are aiming to grow to Rs.5,000 crores of mutual fund transactions in the next 12-18 months,” added Mr Kalra.
"Used by more than 50 lakh Indians, ETMoney is available on Android or iOS," a statement here said.
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