Zerodha’s Nithin Kamath is an investor in this startup; here’s what it does

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Vishrant Suresh, co-founder of Chennai-based fintech AssetPlus, recently posted linkedin About meeting Nikhil Kamath, Co-Founder, Zerodha and what the company intends to do in the future.

IIT Madras graduate Vishrant Suresh has also said that Kamath is an investor in AssetPlus, which provides digital-first solutions to financial advisors and mutual fund distributors.

“Grateful to have had the opportunity to meet one of the most respected entrepreneurs, Nitin Kamath, last week. He is also an investor in AssetPlus. Had a great discussion about the mutual fund industry and the distribution ecosystem. It clearly Clearly, as the industry grows, there is a shortage of financial advisors/distributors,” Suresh wrote.

The company claims that the mobile app is trusted by over 1,50,000 users, and is used by distributors to process investments worth over Rs 1,200 crore. On its website, the company said, “We provide comprehensive technology and MFD business solutions to our distributors to enhance their digital brand presence and grow their mutual fund business online.”

“In this aspect, AssetPlus has built a strong platform to equip financial advisors and distributors to provide high quality service to their clients and we are currently working with over 3,000 MFDs. With AssetPlus With more financial products being added and tie-ups with distributors venturing deeper into the Tier 2/3 market, the next few years promise to be exciting! If you are in the same space and looking to collaborate, please feel free to Contact,” Suresh said.

“Currently, we have over 1,500 financial advisors and mutual fund distributors (MFDs) across the country using the AssetPlus platform. We aim to take this number to 5,000 by the end of this financial year and 10,000 by September 2023. Hindu Business Line earlier this year.

Zerodha had last year received in-principle approval to set up an asset management company (AMC) company.

The broking company had applied for the AMC license in February 2020.

Read also: Nitin Kamath tells students, ‘Stay in India as it will have great opportunities in the future.’

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