Show HN: A simple tool to do passive investing with ETFs (India specific)
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Re: Show HN: A simple tool to do passive investing with ETFs (India specific)
#2etfcetra is very small (~3MB) app and you don't need to create an account to use it, so please try it out if you are into passive investment/index fund investment/ETF. Currently, you can do the following:
1. Explore various equity, debt, gold and international ETFs that you can invest in the Indian market.
2. Create SIP-like investment plan for buying either individual or basket of ETF stocks.
3. Like SIP, you can decide how much you want to invest periodically and this app will remind you how much stocks you can buy considering the current price of the ETFs.
4. When the installment amount is not multiple of ETF stock price you cannot invest your entire installment amount (because unlike mutual fund units, you cannot buy fractional stocks). In that case, you can either decide to always invest little more than your installment amount. Or you can decide to invest less than installment amount and then carry forward remaining amount to next installment.
5. Buy all the stocks in your basket straight from the etfcetra app with Zerodha integration.
Currently, this is only an Android-only app, but I will be happy to hear if someone interested in either web app or iOS app. Let me know at swapnil@etfcetra.com.