Comment on Introducing Balance - Clever ways to save

Balance commented on 05 May 2017, 05:20 PM

Hi Manish, for the Ultra Short Term Debt MF that Balance automates your saves to, the commissions are extremely low. We don’t want our users to pay an extra 50 bucks every month and a potential 600 rupees annually for saving on Balance via Kite. Since the commissions amount to a much lower sum, we decided this to benefit the user instead, and not make you pay 50 bucks a month. However the direct options via Coin works well if you invest in several funds where the commissions would be higher than what they are for the MF used by Balance. Hope this answers your query. : )

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