[nikhilmantha]

Thanks a lot Amruta! You are absolutely right. MF industry has reached $300B assets with just under 1% population investing while over $800B sit in bank assets. The penetration is super low. We are definitely looking to educate our users in creative ways. First we focussed on building a simple app to sign up and use and create a seamless platform for transactions. Now we have big plans to build over this platform. Thanks again for your encouragement! :)

[balladeer]

I have working for around 7% and my 100% savings sit in PPF, FD and now recently started in NPS.

I really never felt comfortable with any service with which I can have complete control and freedom to transact. I had tried IIFL back in the day and after 3 months putting decent amount of money I wanted to sell some SUZLON shares one day when the price was at 5x of what I had bought at. Transactions failed, kept failing throughout the day. 7 days later I got a one line response saying it was a glitch. Exited after few days and closed the account. Never went back to trading again.

I mean I see the numbers and % of returns I will get but how can I trust the industry where interfaces, that I want to be in that industry, are so unreliable.

[nikhilmantha]

Hello balladeer! We do understand your concerns. The industry infrastructure needs a lot of upgrade especially the funds industry. Also the payment gateways need to improve a lot.

Infact this has been our prime focus at Piggy. We have been optimising and automating our operations as much as possible to ensure that the users never face any trouble. And we completely support our customers with any issues and sort them out as we work closely with the exchanges and other intermediaries.