Wealth Simple vs Noddit

Bharosa Technoserve Private Limited presents Wealth Simple - Triple Money. Aim: Provide a platform to invest in Mutual Funds in India. Why makes us different: It's cash flow i.e. Money from Your account -----> Your Wealth Simple Portal Where we select the funds to invest your money based on our AI enabled research algorithm. Just add the money and relax, leave rest to us. Analyse your portfolio anywhere, anytime with just a tap of your finger on your iOS device. This app is designed to be used by every Indian, rich or poor, to be able to invest as little as Rs 100 in mutual funds and start their journey on the road to financial prosperity. The app will help in financial inclusion and reduction of poverty. It will be available in multiple Indian languages and is designed to be multi-lingual. Fixed deposits doubles wealth in 10 years while WealthSimple will triple wealth in 10 years. The user only has to Add money and Withdraw money which can be done one time or monthly. They do not have to worry about choosing the funds to invest in and adjusting the portfolio when markets go up and down. Rebalancing and tax optimization are done by the WealthSimple engine. The engine also uses machine learning to select top performing funds to invest in. The portfolio is adjusted monthly for performance, asset allocation and change in the equity percentage desired by the investor. It can be used by minors, including a baby, young people, middle aged people and retired people. To use the app, a person does not have to be a Bharosa member. The app shows users the power of compounding and through videos and case studies helps them estimate how much wealth mutual funds can create and helps them with financial literacy. The app is expected to have users who have as little as Rs 100 to users who have many crores managed by WealthSimple. In USA, only 5% of actively managed funds beat the S&P 500 Index on a long term basis. In India, actively managed large and multicap funds beat the index, but more complex strategies do not deliver superior performance. WealthSimple is designed to deliver good performance along with simplicity. Currently many people in India use fixed deposits because of the simplicity and fixed returns. We have analyzed over 15 years of data and found that in 100% of the cases, WealthSimple beats fixed deposits by 2.5% and in 95% of the cases by over 4%. The conclusion is that WealthSimple delivers around 5% better performance annually than fixed deposits and is easier to use than fixed deposits once a user has completed set up.

"Experience the Noddit Mobile Banking App – Redesigned for Your Convenience" Discover the newly revamped Noddit application, meticulously designed to empower you in managing your mobile banking and financial matters. Achieve financial prowess effortlessly within one app: Introducing the all-new Noddit application, featuring an appealing fresh interface and an array of impressive functionalities. With this app, you can open an account, transfer funds, settle bills, purchase airtime or data, and more, all in a single place! Key Features: - Swiftly open an account and verify your identity using a selfie. - Expedited login and transaction verification through biometrics, facial recognition, or a PIN. - Report any transaction discrepancies instantly. - Execute transfers, airtime, and data purchases with just three taps using the springboard. - Keep your account funded by seamlessly withdrawing money from accounts in other banks via your Noddit app. - Elevate your account privileges without the need to visit a branch. - Customize your interface with Dark and Light modes to suit your personal preference. Effortlessly Manage Your Finances: - Settle bills, manage utilities, and access various services. - Simplify transfers with the assistance of your phone book contacts. - Access an intelligent transaction history for greater transparency. - View and share transaction receipts. - Purchase airtime and data for yourself, your phone book contacts, and others. - Download statements for up to a specified number of months.