{"id":4017,"date":"2021-09-10T00:25:46","date_gmt":"2021-09-09T18:55:46","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=4017"},"modified":"2023-01-28T00:02:57","modified_gmt":"2023-01-27T18:32:57","slug":"moneyjar-review","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/moneyjar-review\/","title":{"rendered":"MoneyJar Review – Mutual Fund Investment Made Simple","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

There are tons of investment apps in India<\/a>. Here’s another one, called MoneyJar.<\/p>\n

For the past few weeks, I’ve been testing the MoneyJar app – a “Jargon Free “mutual fund investment platform for beginners.<\/p>\n

Here’s a full MoneyJar review to help you decide whether you should start investing via this platform or not.<\/p>\n

What is MoneyJar<\/a>?<\/h2>\n

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MoneyJar is an assisted mutual fund<\/a> investment platform. It differs from platforms like Groww<\/a>, Coin<\/a> and ETMoney<\/a> in two ways:<\/p>\n

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  1. It is assisted – you get help with your investment and there are fund portfolios curated by MoneyJar based on multiple factors including risk, sector and liquidity.<\/li>\n
  2. MoneyJar acts as an advisor – You don’t have to monitor your mutual funds regularly if you don’t want to – MoneyJa will rebalance your portfolio for you (this is applicable only if you authorize)<\/li>\n<\/ol>\n

    While MoneyJar assists you with your investment strategy, they are still a commission-free mutual fund investment platform. You don’t have to pay any charges for their services.<\/p>\n

    Their core mission is to ” create a financial ecosystem that is easy to use and rewarding for everybody.”\u00a0<\/em><\/p>\n

    It was founded by Rohan Agarwal and Shrenik Patel back in 2017 (Their actual platform went live in 2018 though<\/em>).<\/p>\n

    They’ve since improved a lot. Their web platform has become much more intuitive and the overall Signup-to-investment friction has reduced a lot.<\/p>\n

    Let’s talk about MoneyJar’s Investment Jars<\/em> – Their flagship product. Then we’ll discuss if you should start investing with MoneyJar.<\/p>\n

    Investment “Jars” by MoneyJar<\/h2>\n

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    Jars<\/em> are a collection of multiple mutual funds curated in one investment instrument by MoneyJar experts. There are multiple Jars based on different themes such as :<\/p>\n