For mutual fund investors, switching funds intelligently and in a timely manner has hitherto been a very complex process, involving tiring calculations and lengthy spreadsheets. Recognising this,
Bharosa Club - a Registered Investment Advisory (RIA) firm, has launched a proprietary online tool named ‘Migration Wizard’ that allows any mutual fund investor to exit funds effectively and efficiently at a click of a button. Aimed at convenience and to make mutual fund transactions user friendly, Bharosa’s Migration Wizard automatically isolates units that are free of exit loads and taxes, and helps an investor exit poor performing regular funds without doing complex calculations.
Bharosa Club, a company started by ex-Paypal founding team member Sanjay Bhargava, aims to serve millions by providing affordable advice and execution, integrating technology and innovation to help people make wise financial decisions. It was started with a vision to offer an innovative, fresh and honest approach to investment advisory, starting with Mutual Funds. Members can invest in Mutual Funds through Bharosa Club in a commission-free, open and transparent environment.
The Migration Wizard is an industry first initiative, and an easy-to-use tool. “Mutual fund investors are understanding the huge impact that commissions have on their portfolio returns, and are looking at ways to migrate to Direct plans. What come in the way are taxes and exit loads. That’s the problem our Migration Wizard tool solves. At any point in time, it isolated units free of taxes and exit loads, and allows an investor to exit Regular funds without incurring any losses. This is a huge value add and simplifies the effort required on the part of an investor to move to commission free plans,” explains Shantanu Kumar, EVP Product & Marketing, Bharosa Club.
The Migration Wizard is the latest in line of the innovations launched by Bharosa Club such as:
• Free Portfolio Check - An unique, free of cost and instant mechanism for an investor to evaluate the overall health of their mutual fund
• Market Linked Investing: A tool that lets investors pre-set their investments based on market PE levels to get an alpha
• Instant SIP: SIPs take weeks to set-up, change & cancel. With Bharosa, this is possible instantly
Bharosa Club encourages mutual fund investors to take advantage of the Migration Wizard and start their journey towards building a more efficient portfolio.
