Hey, when are you starting to put CRISIL rating for the schemes?
Launch HN: Piggy (YC S17) – Investment App for India
51–60 of 61 posts
Re: Launch HN: Piggy (YC S17) – Investment App for India
#52Guys, Firstly congrats. The app looks sweet. With all the Coin by Zerodha talk happening, my keyword alert engine has been buzzing. I couldn't keep quiet. :) About buying mutual funds or anything else in demat form, anyone who has used demat accounts will know is a lot more convenient. Yes, Franklin will come soon, but almost all the others are already there. Setting up SIP without NACH, flexibility to move from one…
Thanks Nitin for your inputs and we are really inspired by Zerodha and your success. Re Business model we are working on it. It is still early days.
Re: Launch HN: Piggy (YC S17) – Investment App for India
#53Hey, when are you starting to put CRISIL rating for the schemes?
Hey,
We'll consider adding it in future releases of the app.
Thanks,
Re: Launch HN: Piggy (YC S17) – Investment App for India
#54Earlier quoted context omitted.
> they take 0.5-1.5% commission on that investment every year as long as 10000 remains invested and to whatever that amount grows to. So you are paying compounding commissions. Most Indians aren't aware of this. This is a massive claim. Any source?
https://scripbox.com/pages/disclosures http://economictimes.indiatimes.com/mf/analysis/direct-plans...
First link does not mention anything about scripbox taking commissions from the consumers.
Second link does not mention scripbox at all!
Re: Launch HN: Piggy (YC S17) – Investment App for India
#55Earlier quoted context omitted.
A point to be noted here is: Scripbox keeps getting that commission even after you have left Scripbox and stopped using it. Same with FundsIndia etc. I would say, avoid any MF that is not direct. the long term hidden cost is staggering. @Nikhil Congrts and just a feedback: I would have been very much interested if you had a monthly fee plan like Zerodha Coin and also offered advisory and analytics like Invezta, ORO e…
Do take a look at the charges section in our app. We have something out there that might work for you! :) Also We focussed on building an easy to use app with seamless transaction platform that supports all fund houses first. The cake is in place. We will be adding a lot more over this. Thank you for taking time out for all the detailed feedback!
Tried registering. Not sure I am registered or not yet. Was entering correct OTP and I remained on same screen w/o any measage or feedback. Whenever changing between apps the filled registration form will be cleaned.
And password length only 12 max? That's serious.
Looks like the app is still in beta or alpha. Anyway good luck. Not the time to put my money there yet. It's just a feedback and I am talking about iOS app.
Re: Launch HN: Piggy (YC S17) – Investment App for India
#56Guys, Firstly congrats. The app looks sweet. With all the Coin by Zerodha talk happening, my keyword alert engine has been buzzing. I couldn't keep quiet. :) About buying mutual funds or anything else in demat form, anyone who has used demat accounts will know is a lot more convenient. Yes, Franklin will come soon, but almost all the others are already there. Setting up SIP without NACH, flexibility to move from one…
Thanks Nitin for your inputs and we are really inspired by Zerodha and your success. Re Business model we are working on it. It is still early days.
Thanks & Best of luck
Re: Launch HN: Piggy (YC S17) – Investment App for India
#57Earlier quoted context omitted.
https://scripbox.com/pages/disclosures http://economictimes.indiatimes.com/mf/analysis/direct-plans...
First link does not mention anything about scripbox taking commissions from the consumers. Second link does not mention scripbox at all!
Basically there are two plans in Mutual Funds. Direct and Regular. Both have the same securities, manager, structure etc. Only difference is that Fund houses pay commissions to agents on sale of regular plans, while there are no commission s on Direct plans. These commissions are counted as expenses towards the funds. The more the expenses the less the return. And these expenses are compounding hence the loss of return is also compounding. Scripbox provides only regular plans where they take commissions(Commission rates mentioned in the link). So while nothing is going from investor's pocket, the investor is taking a sizeable hit in their returns!
How do you differentiate between the two plans? Look for the word 'Direct' in direct plans of mutual funds.
Re: Launch HN: Piggy (YC S17) – Investment App for India
#58Earlier quoted context omitted.
Do take a look at the charges section in our app. We have something out there that might work for you! :) Also We focussed on building an easy to use app with seamless transaction platform that supports all fund houses first. The cake is in place. We will be adding a lot more over this. Thank you for taking time out for all the detailed feedback!
Tried registering. Not sure I am registered or not yet. Was entering correct OTP and I remained on same screen w/o any measage or feedback. Whenever changing between apps the filled registration form will be cleaned. And password length only 12 max? That's serious. Looks like the app is still in beta or alpha. Anyway good luck. Not the time to put my money there yet. It's just a feedback and I am talking about iOS ap…
Thanks! We'll look into it. Try our Android app if you can. That is up to date. iOS app will be up to speed soon.
Re: Launch HN: Piggy (YC S17) – Investment App for India
#59Why should I use Piggy over Coin by Zerodha? What are the important differences?
Hello esteer! Thanks for your question. Important Difference. 1. Coin is based on Zerodha's kite platform and requires a demat account for investments. There are multiple disadvantages of using a demat account for mutual funds, one of them being transaction costs on every transaction from demat as well. The others are difficulty in estate planning and also your movement options to other services would be restricted i…
Hey, sorry for the delayed response. In case you see this, do you have any data that I use to compare the costs involved by investing through Coin vs Piggy? Also, since you're a start-up I'd be a bit concerned to give my money with doubts what'd happen if you shut down. How can I make sure my investments are secured even if you shut down?
Re: Launch HN: Piggy (YC S17) – Investment App for India
#60Earlier quoted context omitted.
Hello esteer! Thanks for your question. Important Difference. 1. Coin is based on Zerodha's kite platform and requires a demat account for investments. There are multiple disadvantages of using a demat account for mutual funds, one of them being transaction costs on every transaction from demat as well. The others are difficulty in estate planning and also your movement options to other services would be restricted i…
Hey, sorry for the delayed response. In case you see this, do you have any data that I use to compare the costs involved by investing through Coin vs Piggy? Also, since you're a start-up I'd be a bit concerned to give my money with doubts what'd happen if you shut down. How can I make sure my investments are secured even if you shut down?
Hello! We have an offer running currently where when you invite 5 friends to complete sign up through us then all transactions via Piggy are free for you for life.
Also regarding your investments. They are all in your name. You get the final allotment statements directly from the fund houses to your email. You can also generate consolidated investment statements by yourself. So in absence of Piggy you can still buy and sell your investments. We've just made it easier for you to do so.