Harshil is a Happy Kuverian. He is a 31-year-old PSU banker with Oriental Bank of Commerce. We spoke to Harshil about his experience with Kuvera, India’s friendliest Direct Plan Investment Platform.
Please tell us about yourself, where did you grow up and your story?
I have completed my Mcom, MBA, CAIIB from Ahmedabad and am employed with Oriental Bank of Commerce for the last 9 years.
What is your approach to financial planning?
I invest in a mutual fund as lumpsum whenever the market goes down. I do not believe in SIP and track the market daily.
How did you learn about Kuvera?
I came to know about Kuvera when I searched “Best online Platform to invest in mutual fund” on google.
How were you investing in Mutual Funds before? Did you know about Direct Plans before Kuvera?
Since I work in a bank, I knew about direct plans in mutual funds. This is my first time investing in mutual funds and I chose Kuvera after reading all about them online.
Why do you invest and why Mutual Funds?
I expect more returns in a mutual fund than bank deposits over a period of time, which is why I have started investing in them. I also prefer to invest in ELSS as it has less lock-in period than any other tax savings instrument.
What were the biggest problems that you have faced with investing and financial planning in India?
I always wanted to invest in mutual funds but because of the paperwork, the commission of agents and the conflict of interest I avoided to invest in MF.
Can you describe your experience with Kuvera?
I am really happy with Kuvera because I can invest very easily through your mobile app.
I can order at 2:59 pm by judging the market to take the same day NAV. I am fully satisfied with Kuvera after introducing the same day NAV Updation. And as they are offering only direct plans, I will get benefit in the longer period.
What goals have you planned for?
I am investing in mutual funds for Buying an electric car after 4-5 years, for a Singapore trip, for my child’s education and his marriage and most importantly for my retirement.
How did you choose which schemes to invest in? Will you recommend Kuvera to your friends and colleagues?
Before investing in any mutual fund, I track the portfolio of the particular fund. I look for schemes that are invested in beaten-down quality stocks and then I invest in that scheme. I have already recommended to a few friends and will continue to do so in the future.
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