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Business EconomyPosted at: May 19 2022 6:56PM


JARVIS Invest’s AUA rises 730x in 2 years

Mumbai, May 19 (UNI) JARVIS Invest on Thursday said that it has grown to onboard over 75000 clients across 800 partners as of April 2022.

The registered client base has grown multifold from about 500 in 2020 to over over 75000 while assets under advisory (AUA) has crossed Rs 100 crore as of April 2022 from Rs 13.7 lakh in 2019-20, a rise of 730x in two years, a statement from the company said.

JARVIS partners have grown multifold to 800 partners and its services now extend across Zerodha, HDFC securities, Mastertrust, Kotak Securities, Upstox, IIFL securities among others. JARVIS has seen great investor interest and has already raised Pre-Series funding of US $1million by BNP Investments.

Sumit Chanda, Founder and CEO, JARVIS Invest said “We founded JARVIS Invest with an aim to addresses limitations in the traditional equity investment model. The four key issues we wanted to tackle were the lack of access to personalized advisory, influence of human emotions and biases, absence of risk management system, and a one size fits all (model portfolio) approach. With our minimum investment size at Rs 30,000, our aim is to democratize portfolio management for the retail and HNI investor at an affordable cost.''

''We believe that today’s highly uncertain and dynamic macro environment calls for a superior investing experience and the answer lies in AI. AI could be a potential disruptor in the wealth management industry in the coming years and it will help investors achieve wealth creation goals smartly,” he said.
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