MoneyFront is a brand owned by MoneyMap Investment Advisors Pvt. Ltd. (Subsidiary of Investdirect Capital Services Private Limited) . The idea of MoneyMap was conceived in summer of 2015 by three school friends – Mohit Gang, Anil Bang & Puneet Mehta. All three working in different companies, yet combined with their passion for investments and markets!
The investment platform primarily offers financial advisory services to its clients via a comprehensive portfolio approach using a fully automated and paperless platform. Moneyfront uses a smart algorithm to profile the client and suggests the best Direct Plan suited to the investors’ persona.Thus, Moneyfront will be a one-stop digital solution offering comprehensive advisory to its clients. The platform offers scheme recommendations that have the lowest expense ratios (in-effect better returns) as compared to what any other broker or advisor offers in the marketplace. This is made sure by offering only Direct Plans. While the entire distribution industry offers a regular plan and makes a commission out of clients’ investments, Moneyfront will clearly stay away from this approach and work towards a client-centric model of advisory.
Moneymap Investment Advisors Private Limited is registered with the Securities and Exchange Board of India (“SEBI”) as an Investment Advisor under SEBI (Investment Advisers) Regulations, 2013 (“IA regulations”) vide registration no. INA000004500 dated April 05, 2016, pursuant to which it provides investment advisory services to its clients.