News Roll
Photo: soumik kar
“Yoga has many
benefits for our health
and overall well-being.
It brings calmness
to mind. In the world
of investments, the
winner is a person who
can overcome greed as
well as fear. The inner
peace or calmness
brought by yoga
will help an investor
navigate the volatility
of the market and
guide him to stay calm
when others around
him or her are fearful or
greedy.”
Nilesh Shah
Managing Director,
Kotak Mutual Fund
An App Is Your Wealth Advisor
M
umbai-based Cube Wealth has
launched a new mobile
banking app that promises to offer
advice on wealth creation. It will
offer a bouquet of automated
banking services for savings and
expense management as well as a
gamut of personalised tips on
investment. Cube Wealth app can be
accessed only by an invite code.
The Android and iOS app was
launched by entrepreneur and
prolific angel investor, Satyen
Kothari, who founded digital
payments firm, Citrus Payments.
“Cube is the modern finance
avatar that combines everything
that a great wealth manager and a
perfect bank account should do to
18
simplify our lives,” says Kothari,
Founder and Chief Executive
Officer, Cube Wealth.
Cube Wealth has roped in top-
class wealth advisors, who normally
advice high net worth individuals.
With expert advice, members will
be able to invest in modern wealth
creation options.
Through this app, subscribers can
gain access to an assortment of
mutual funds, including
international ones, based on their
return and risk factors. “It’s like
having your personal, perfect money
manager working for you around
the clock. The product has been
extensively tested by our early beta
members since January,” he said.
Outlook Money July 2018 www.outlookmoney.com
The app has automated the
investing process, while still
allowing full control to the user. It
can track exactly how each of the
investment is performing in simple
terms of amount and profit. It also
displays where your money is
invested in a simple historical
statement.
The app vouches to keep personal
information safe and secure and the
money will be invested in a
member’s name in funds and
accounts approved by the Securities
and Exchange Board of India. “We
are obsessively focused on member
data privacy and security,” says
Kothari.
M Rajendran