Niladri is a Happy Kuverian. A 29 year old Software Engineer and die hard Dhoni fan, he is from Ranchi and lives and works in Bengaluru. We spoke to Niladri 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 am a gadget freak with a keen interest in technology and love coding to solve various problems & challenges. I grew up in Ranchi and studied in same school as M S Dhoni. Love playing cricket and a huge fan of Dhoni !!!
What is your approach to financial planning?
I feel financial planning is the most important thing when one starts their earning career. The sooner you start the more benefits you reap. I feel I was not guided by anyone and wasted 5 years of my career without any financial planning and investment. But since past 3 years I have been aggressively investing in mutual funds across various AMC’s with a sole aim of attaining financial freedom and getting my family financially secured.
How did you learn about Kuvera?
I was exploring google play store and suddenly saw Kuvera pop in financial tools section. Thought of giving it a try and since then I am really fond of this platform and love investing using it.
How were you investing in Mutual Funds before? Did you know about Direct Plans before Kuvera?
I knew about direct plans before and was using various AMC sites to invest directly in Equity funds. Even used apps like MoneyView to invest in their green account (Debit Funds). Also used Reliance Simply Save app to invest in debt/liquid funds with instant withdrawal facility.
Why do you invest and why Mutual Funds?
My main motive of investment was to make my money work hard and get the best possible return. I thought stocks are a risky option and thus landed up in Mutual Funds since they are considered little on the safer side being managed by a expert fund manager.
What were the biggest problems that you have faced with investing and financial planning in India?
The biggest challenged faced by me was how to track all my investments into one single portal. Have been using Perfios all the way long but problem was limitation of adding 15 accounts and another setback was to share all my passwords with them.
Can you describe your experience with Kuvera?
My experience with Kuvera has been superb and simply amazing. I am really thrilled to find a platform to track all my investments in a single portal. Another part which I love is you can use existing folio numbers to invest in direct plans and that too FREE !!! They have goal planning and portfolio recommendation and also smart switch (now TradeSmart ) which really helps to save on taxes and exit loads. The SIP, STP and SWP section is very simple to use. Overall the dashboard is very user friendly and design is superb. Kudos to Kuvera team for building such a great platform. Hope more features are added in future and all the very best for Kuvera.
Mainly my financial objectives are to retire early, pay back all my loans and lead my life as per my wishes and not as per others.
How did you choose which schemes to invest in? Will you recommend Kuvera to your friends and colleagues?
I generally go with the CRISIL rankings and top rated funds. I have already started referring Kuvera to my friends and my colleagues.
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