Comment on Introducing Balance - Clever ways to save

Balance commented on 05 May 2017, 02:29 PM

Hi Shekhar,

You can go through our blog post(blog.balance.tech) to understand more about the product. And do ensure to tune in to our Webinar on Zerodha’s Youtube channel at 2:30 PM today, https://www.youtube.com/watch?v=zFT-nA6j6Ek

To quickly answer your questions, your Zerodha Kite account acts as a source of funds , these funds are currently invested in ICICI Prudential Money Market Fund and ICICI Prudential Long Term Equity Fund. The iPru MM Fund is a low risk option that has never shown negative growth YoY.

The Frequency of your saves would depend on the recipes you apply, you remain in complete control of how and when you save and also how much.

Thanks!

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