Technology penetration has brought drastic changes across sectors, reshaping the way operations have traditionally been carried out. Increasing advancements in AI, and others are bringing changes to industries like wealth management, increasing convenience and effectiveness of solutions. However, clients require a balanced approach between technological integration and human intervention to feel safe and comfortable in how their assets are being managed. This presents immense scope of growth for the wealth-tech sector for ensuring that services delivered to the clients are risk mitigated, personalized, timely, and aligned with their needs.

Simultaneously, when it comes to wealth management and money matters, the financial literacy in India is still at a growing stage, and the need for experts who can break down complex topics into simpler bits is the need of the hour. This is where My Money Panda (MMP), a dynamic wealth and asset management tech startup, emerges as a reliable partner. Founded with the vision to simplify complex topics of money, the company aspires to increase the penetration of financial products in the highly under penetrated Indian market.

Comprehensive Wealth Management Services

MMP offers a comprehensive suite of services and products including Mutual Funds, PMS, AIF, Corporate FDs, Bonds,

Unlisted Shares, and more. Moreover, leveraging its vast network of affiliate tie ups, the company also offers assistance for services such as will making, education counseling for children, foreign migration, shares recovery, and tax planning, becoming a one-stop destination for all wealth-related solutions, and more. The platform also ensures 100 percent data protection and privacy demonstrated by its Secure Sockets Layer (SSL) certification.

To ensure meticulous service, the company dedicates an RM to every client that assists them through the investment planning process. Additionally, what sets the firm apart is that it integrates value added components and services to provide holistic solutions to the clients, as well as follows an algorithm driven approach to drive innovation. MMP also enables clients to generate unique investment plans from its one-of-a-kind platform and implement it through the platform as well.

“Through our platform, we allow clients to generate their investment plans which typically covers inputs like income, expenses, life goals, asset allocation, and more, to offer a customized plan to align with the needs of the client. It is thus an end-to-end solution platform that makes it easier for the client to manage their resources effectively. For those that need support in understanding the platform, our dedicated RMs walk them through the entire process”,shares Ankit Garg, CEO, MMP.

To ensure accuracy, the company leverages an inhouse algorithm which collects inputs from over 50 data points on all the 4000+ mutual funds, and then offers recommendations of optimized portfolios for varied risk profiles. This unique model designed by the company explores a myriad of risk-return parameters, skillsets of the fund managers, and recommends multi factor portfolios, ensuring that not more than 20 percent of wealth is allocated to a single amc.

“We follow a multi factor FAMA model to understand the source of the fund's performance. Any portfolio’s performance can be correlated with either the market, fund manager’s asset allocation and its net selectivity. Fund managers who do consistently well on asset allocation and net selectivity on a rolling basis get prioritized in our model”, further adds Aditya Gupta, Chief Investment Officer, MMP.

Future Roadmap

Driven by innovation, MMP has ambitious aspirations for the future. The company envisions holding a position as the most trust money management brand in India. It also aims to target a very neglected target audience, which is young professionals, and help them start their wealth creation journey.