How Does Scripbox and ETMoney Generate Revenue Without Charging Mutual Fund Investors?
Thank you for your inquiry. This question gives us a fantastic opportunity to explain our approach to personal finance and as an extension of our services, how we earn revenue.
Understanding the Fund Investment Process
What sets Scripbox and ETMoney apart is that we only offer direct mutual funds through our app. For you, this means there's no commission charged on your investments. However, this doesn't mean our app is just a tool for mutual fund investment.
Our goal is to provide a comprehensive approach to personal finance. Investing is just one aspect of managing your finances, and we believe in offering solutions that cover the entire spectrum.
ETMoney – A One-Stop Solution for Your Financial Needs
That's why we've created ETMoney to be a 'one-stop-shop' for all your financial needs. From mutual funds to loans, insurance, and other financial products, everything you need is available in one convenient platform.
Revenue Generation Models Explained
So, how do we generate our income? Unlike many other financial apps, we don't charge our users directly for mutual fund investments. Instead, our revenue comes from partner offerings and services. We don't sell your personal data; we make sure all your information remains confidential and secure.
Loans Services
We partner with some of India's leading NBFCs (Non-Banking Financial Companies) and banks to simplify the loan application process. This is done to make it hassle-free and accessible for our customers. We don't share any personal data without your explicit consent, ensuring you have complete peace of mind.
Insurance Services
For insurance needs, we have partnered with ETINsure, our group company, which provides health term and motor vehicle insurance. ETINsure collaborates with some of India's largest insurers, making it easy to get quotes and apply for insurance without any paperwork.
The Future of Personal Finance
The services we offer today are just the beginning. In the coming months, we plan to introduce value-added services that will be paid for, but will still ensure that our core transaction services remain free. These additional services will offer guidance, advisory, and more, delivering immense value to our users.
Stay Tuned for More
Here are some ways to stay updated on our latest offerings:
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Our commitment to providing a holistic and user-friendly approach to personal finance is unwavering. We believe in bringing all your financial needs under one platform to make your life easier. We are excited about the future and the value we can offer to our users. Join us on this journey as we continue to grow and evolve.