Richmee 0.3.5

The Richmee mutual fund app offers a streamlined and efficient approach for investors looking to enter the world of mutual funds online. Users can quickly register and complete a one-time KYC process directly through the app, allowing for immediate access to investment options.

Investors have the flexibility to purchase mutual funds either as a lump sum or through systematic investment plans (SIPs), all facilitated in just a few steps. The app provides comprehensive performance metrics such as Net Asset Value (NAV), Fund Manager details, asset size, and technical ratios, enabling users to make informed decisions when selecting the most suitable schemes.

The platform features an extensive selection of over 10,000 mutual fund schemes, allowing users to curate a list of potential investments. With options to add schemes to a cart or save them in a wishlist, investors can thoughtfully consider their choices before committing.

Users can align their investments with predefined goals or establish personal financial objectives. The dashboard offers real-time tracking of investment performance and progress towards these goals, contributing to a transparent and organized investment experience. A convenient sell option is available, allowing for swift liquidation and access to funds within a few days.

For those interested in SIPs and ELSS tax-saving mutual funds, the minimum investment starts at just Rs. 500 per month, with SIP amounts beginning at Rs. 100. These investments allow individuals to save on taxes while engaging with high-quality mutual fund options. Investors can potentially save up to Rs. 46,800 annually through ELSS mutual fund SIP contributions.

The app supports a diverse range of mutual fund categories, including:

• Equity Mutual Funds
• Large Cap Mutual Funds
• Mid Cap Mutual Funds
• Small Cap Mutual Funds
• Debt Mutual Funds
• Balanced Mutual Funds
• Long Term Mutual Funds
• ELSS Tax Savings Mutual Funds

Investors can strategically plan for long-term financial goals such as retirement, children's education, or purchasing a home. The platform facilitates better returns compared to traditional fixed deposits (FDs) while maintaining low-risk exposure through short and ultra-short liquid schemes.

The Richmee app is compatible with all 43 major mutual fund companies (AMCs), including reputable names such as SBI Mutual Fund, Reliance Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Axis Mutual Fund.

Investment tracking is made easy with the app's intuitive dashboard that monitors annualized returns, total returns, and detailed holdings information. Users can also utilize a mutual fund calculator to assess potential returns efficiently.