savart is an online-offline wealth manager that helps you invest into stocks and mutual funds picked by a combination of machine accuracy and human intelligence.
Each rupee that you invest with savart is invested into mutual funds and stocks that are hand-picked by our algorithm, experienced financial experts and reassured by our research team. Research and reassurance does not just include paper based analysis, but also meeting the managements of listed companies, talking to dealers, suppliers and customers to find out the strength of companies. We believe in giving our best to all customers without a compromise on quality. This shall eventually lead to better performance for all of our customers.
All data collected by savart is used to optimize the recommendations to you. We want to do all the planning and due diligence that a financial adviser does for a billionaire client for you too, without pinching your pocket. Data is one of our best friends which helps us help you.
Your investments into mutual funds are managed by the respective Asset Management Companies and your investments into stocks are held in your Demat Account. It means, unfortunately, if savart shuts down (it won't though:), your investments into both stocks and mutual funds remain safe and as it is.
savart does not have any subscription model. You can pull out of our application as well as your investments any time with no questions asked.
We are partnered with https://upstox.com/ to give you a seamless investment experience into stocks. Upstox is one of the leading and most affordable discount brokers in the country backed by some of the best-known faces in the country including the likes of Ratan Tata.
We shall keep you updated on our other broking partnerships going further.
Call us on +91-9705040987 or write to us at email@example.com to share your queries, complaints and suggestions anytime. We promise to try and work on all your communication in less than 24 working hours.
savart is as an online-offline wealth manager helping you make the right invesments. This platform that intends to give boutique investment advise to everybody without charging hefty fee and complications. Whether the investment is a rupee or a million, everything is filtered by a combination of our intelligent algorithm and our financial research experts.
savart's algorithm is capable of analyzing quantitative, qualitative & emotional parameters and then fusing it with your EFG inputs to create a customized portfolio just for you. The algorithm boasts of capabilitis to read annual reports, estimate management ethics and render a holistically sound portfolio, which is then weighed, sieved and served to you.
Management of your funds in accordance with your set goals is financial planning. It involves the determination of the amount of money you’ll require at different stages in life. Making sure that you have or attain a uniform and steady cash flow is also a part of financial planning. To create an efficient financial plan, you need to be aware of your current financial position as well as the state of the economy and markets. We understand that this understanding is neither everybody’s cup of tea nor their interest. So, with savart, you can simply automate this have a hands-free & profitable investment experience.
A financial plan is crucial to your goals. You have to save up, achieve goals & make sure you score good returns on your investments. This demands the requirement of a financial plan and extreme financial discipline which savart makes simple each day for thousands of customers.
The duration of a financial plan is self-determined. Depending upon the nature of your goal, you can formulate the tenure of your plan. A short term plan can involve you saving up for a vacation in the Santorini islands. Such plans would require a saving & investment plan spanning at least 1 to 3 years on an average. Some goals may require planning of more than 10 years too and are sensitive to your earning and saving appetite. savart’s algorithms constantly capture this data to create portfolios that align with your goals and ensure you achieve your deserved dream car or vacation or anything under the sun.
Any need that requires you to spend money needs planning. It can include education plans, saving plans or even if you want to save on taxes. If you wish to purchase an asset or to invest in stock, mutual funds or cryptocurrency, you will require a financial plan.
A financial planner can help develop a sound financial plan for you. The idea is to rationally tell them your situation & target. Financial planners can guide you with their set of skills so you utilize and save your resources systematically.
Some key aspects of financial planning include: (i) Determining and recording your current financial position . (ii) Stating financial goals and needs in reasonable detail. (iii) Evaluating and exploring options to reach goals . (iv) Choosing & implementing a plan . (v) Following up & reviewing it. This is simple but not easy, so if you do not have excess time, interest or are not a finance buff, leave it to us.
It will give you direction and an incentive, but a having a financial plan does not guarantee completion. It is just like Mario kart. You plan to get through all your obstacles, but practice and are consistent help you get through. However, your odds of success are definitely increased.
The earlier you start planning the better position you will be in the future. Most young employed people in the working sector have a sound pay and should have no difficulty in saving at least 10% of it.
Today will be tomorrow in lesser time than one thinks it will be. Financial planning clears the pathway to economic stability. Saving & investment has no minimum amount. It can be as less as one rupee, as shown by our round up feature. The part that may be slightly difficult is to not to overspend right now. Once you accomplish that, majority of the job is done.
Wikipeida defines a goal as 'an idea of the future or desired result that a person or a group of people envisions, plans and commits to achieve.'
savart defines this as something that is most important to the customer's life and hence is of immense importance to us too.
We request you to carefully 'Add your goal' in the Goals section to help our algorithms and experts plan for you to achieve it financially and mentally. This section must not be deemed as just another section to input data or simply a ritual. A goal would unlock a serious path of financial planning and investment plan on the back-end that will automatically put you on track to achieve it.
If you have any queries regarding how this service works, please e-mail or call us through the contact details provided. We would be happy to explain it to you.
Fortune favors the bold. In order to let your saving grows exponentially, you have to take the risk of investing it. Although the risk factor in mutual funds, stock, cryptocurrency is higher than the usual savings plan, the return on these investments can be colossally higher. But make no mistake, you could also lose the money if the investment does not work out. However, correct determination and understanding of the market can be learnt with experience. You may lose x amount of money today but taking a risk can earn you 4 times x with time. If, however you do not wish to take risks, savings a/c, GIC’s etc. ensure slow growth of your money with very little or almost no risk.
This again depends on the type of savings or investments you go for. (i) If you decide to invest in a savings a/c or GIC’s the risk involved is very less or almost negligent i.e, your money will grow. However, the return on your savings here will be very low. Your money will grow slowly and over a longer period of time. (ii) If you decide to put your money in higher risk involving investments such as the stock market, bitcoin, mutual funds, equity etc. the return on your investment will be much higher in proportion to any savings a/c. However, it must be noted that since the risk involved in such investments is higher, one should be prepared for any market fluctuations.
Expenditure is for sustenance and savings are for your aspirations. Your trade-off between a spend or save today determines the fates of your dreams and goals tomorrow. It is imperative to invest your savings, as savings alone are not capable of over-powering inflation (simply put, it is the average increase in prices of good every year) and hence cannot suffice for your goals. The current average inflation in India is ~6% which means your deposit in a bank is earning an actual absolute return of (6-75% - bank savings’ interest rate- 6% - average inflation rate) 0.75% on an average. This is very often ignored and forgotten. This is why it is necessary to invest and make sure your money appreciates in value and does not stagnate or depreciate. Money can be invested into wide-ranging assets including real estate, gold & bonds though we love stocks, mutual funds & you over anything else :)
The day you receive your first pocket money, scholarship is your first opportunity to save & hence invest. It is a common misconception that you cannot save when you have only a small amount of liquid cash. The idea is to allocate your money in the best possible manner and make it a habit. By doing so, you fulfill your needs and spare money which you can save. The earlier you start saving and investing, the easier it is to start investing and faster you will achieve financial freedom. Hence, savart helps you invest even a rupee through the round-up feature thus helping you start early.
Remember when you saved up to buy tickets to that Coldplay concert? You let go of the usual sandwich you bought after school and used that money towards buying those tickets. The sandwich was an unnecessary cost and so you did away with it to fulfill an objective. That is actually saving. Start small. Open a savings account and make up your mind to put a fixed amount in it every month. The amount you put in every month can top your base amount but try not to go below the amount you decide. How much you save is not important. You can decide upon an amount as little as 50 rupees and the invest it using the round-up feature of savart.
It is crucial to have a well thought plan when it comes to saving. More importantly, to be consistent with it. A lot of people try to cut down in numerous places so as to save more. They then end up using the money from their savings on discretionary or contingency items, which is a bad idea. Be rational and only put the money you won’t need in the short-run towards savings. Also, move your cash around. Having a single savings a/c and hoarding it will only lead to an increased tendency of using the money for leisurely purposes.
Fortune favors the bold. In order to let your saving grows exponentially, you have to take the risk of investing it. Although the risk factor in mutual funds & stocks is higher than the usual savings plan, the return on these investments can be colossally higher. But make no mistake, you could also lose the money if the investment does not work out. However, correct determination and understanding of the market can be learnt with experience, expertise, personal research or a combination of all this through platforms like savart. You may lose x amount of money today but taking a risk can earn you 10x with time.
It depends on your income & your expenditure. It is observed that an average person having a regular source of income should not have any difficulty saving at least 20% of it. However, every individual has a different set of expenses and goals. For example: one may want to go abroad to pursue higher education, in that case saving 20% would not be enough. You may then need to save more. The goals’ planning feature of savart helps you plan more than 10 goals simultaneously based on your lifestyle and risk appetite and optimizes your finances to help reach them in the shortest period of time. savart also makes sure you are on track and focused on the goals.
Think about it. Would your needs today and those 10 years later be the same? Today you may be saving to keep up your Netflix subscription. Tomorrow, you may save up to buy your first home and for your retirement a few years later. In each of these cases, you need the money you save up in different lengths of time. You will not require the money you save for your retirement for a long time and so it is a long-term saving. On the other hand, you may need the money for the house in a smaller span of time and so it may be termed as short-term savings. Moreover, times does not just affect you, it also affects the value of money, the value of a 100 rupee note today is not the same as that 5 years from now, because as prices go up and India grows, your goals become costlier too making it necessary for you to act quick.
Any requirement that demands funds within a year is a short-term goal. The money required for it needs to be saved and also has to appreciate in value. A smart choice to savings for the short term is to invest in liquid funds or in select dividend-paying stocks large cap companies. These are fairly safe and help generate a relatively higher return over the likes of a fixed deposit or savings accounts over a short span of time.
A savings plan can be as simple as one where you can save a small amount of money regularly by opting for an auto-debit feature in case of SIP or Round-up makes sure that you don’t just save but also invest. Remember, this is the same money that you would have otherwise spent thereby eliminating any chances for achieving your future goals. This is how you save money smartly.
The day you receive your first pocket money, scholarship is your first opportunity to save & hence invest. Financial discipline is imperative to start saving. The earlier you start saving, the easier it is to start investing. Hence, savart helps you invest even a rupee through the round-up feature thus helping you invest early.
Return on investment is directly proportional to the amount of risk you are willing to take. As long as you are aware of the loss you may incur. The higher the risk, the higher the probability of a greater return. The lower the risk you are willing to take, the lower is possibility of return. In the long term, however, we at savart believe that this proportionality can be skewed in your favor by staying patient and doing the right way of research. Invest through savart to experience this magic!
Investments involve putting together a resource for an entity to use and give you future benefits. Likewise, Mutual fund is a trust managed by professionals which pools the investments of various investors with a predetermined investment plan. As per the plan, the money is then invested in diverse assets such as debt, equity and money market securities. The profit which results after deductions by the asset management company (AMC), is given to the investors as dividends or as an appreciation to the price of assets. One can invest as little as Re. 1 in a mutual fund. There are various general and thematic mutual funds to choose from with varying risk and return possibilities. Mutual funds present an easy savings and investments option for those who lack the time or knowledge to make traditional and complex investment decisions. Mutual Funds are regulated by the Association of Mutual Funds in India (AMFI) in accordance with principles laid down by SEBI.
Simplicity in investment With the liberty of investing as little as Re. 1 in many programs, you can invest in mutual funds aligned with your investment objective & includes the investment time period and the amount of risk you are willing to take. Mutual funds are offered at brokerage firms, discount brokers, online, mutual fund companies, banks, and insurance companies. Investments are managed by professionals. When you invest in a mutual fund, experienced and skilled professionals start managing your investment. Rather than researching, analyzing, buying and selling stocks or bonds yourself, you have a skilled money manager doing it for you. Thus, by investing in mutual funds, you can avail the services of professional fund managers, which would otherwise be costly for an individual investor. Liquidity Mutual funds are very liquid investments, unit you have invested in pre-specified lock-in period your money is available to you anytime you want, subject to exit load, if any. Even with most of such close-ended schemes, one can sell the units on a stock exchange at the prevailing market price. Flexibility You are given an option to pick any fund as per your risk profile and bundle all of them into a single portfolio. Investors can benefit from the convenience and flexibility offered by mutual funds to invest in a wide range of schemes. Regular and disciplined investing You can invest in a systematic manner with options to make periodical investment to unburden you from the everyday hassle of calculating and maintaining records of how much to save and invest each month. Tax-saving Mutual funds can be tax-efficient investment avenues that can help reduce your tax burden and simultaneously increase your wealth. Equity Linked Savings Schemes (ELSS) are Ideal tax-saving instruments, offers an easy option to obtain tax benefits and an opportunity to harness the potential upside of investing in the equity market.
Money market funds. Money market funds are fixed income mutual funds that invest in debt securities characterized by short maturities and minimal credit risk. Money market mutual funds are among the lowest-volatility investments. Income generated by a money market fund is either taxable or tax-exempt, depending on the types of securities the fund invests in. Fixed income funds As the name suggests these funds provide investors with steady income. They invest in a combination of government securities, certificates of deposits, corporate bonds and money market instruments. They are managed by expert who actively try to manage the portfolio based upon the interest-rate movements, while keeping the portfolio credit worthy. Equity funds It is a type of fund that primarily makes investments in stocks, it gives the investor an opportunity to procure ownership in a business. It feeds the desire to invest in booming startups or already existing businesses. Balanced funds These funds are often called hybrid funds. These funds keep a balance between regular growth and income. Such schemes are made to attract investors who seek safety, income and modest capital appreciation. These schemes generally invest in both income and equity funds. Index funds These funds are passively managed funds and as the name suggests, these funds invest in an index. Such funds purchase all the stocks in the same proportion as in a particular index. An index mutual fund provides market exposure and low operating expenses. These funds follow specific standards (e.g. efficient tax management or reducing tracking errors) that stay in place irrespective of the state of the market. (explain better & more simply) Specialty funds This is the type of fund that primarily invests within the securities of a particular industry, sector, or region of the world. Thus, specialty funds are commonly referred to as sector funds. The most common sectors include: energy, financial services, health care, precious metals, real estate, technology, and utilities. Fund-of-funds As the name suggests, it is a fund that invests in other mutual funds to offer huge diversity. These funds do not directly invest in stocks, bonds or securities but instead invests in a collective investment scheme. However, the fees of such investments are little higher, as it includes the fees of underlying funds. (make this more relevant and explain more simplistically)
The Net Asset Value (NAV) of a scheme is the price per unit of the scheme or simply the price per share of the fund. NAV usually shows consistent performance unlike stock, which keep on changing. NAV gives the fund's value that an investor will be entitled to at the time of withdrawal of investment. In case of a close-end fund, price per unit is determined by market and is either below or above the NAV. In short, NAV is equal to the (Value of Assets minus Value of Liabilities)/ number of units outstanding.
Mutual fund companies take an amount from investors when they join a scheme. This amount is generally referred to as an ‘entry load’. In simpler words it is the fees that an investor is charged with, when they purchase units of a scheme.
Exit load is charged at the time of redemption. It is the sum total percentage deducted from the NAV when the investor tries to withdraw from a scheme. Basically, it is a fee charged while leaving a scheme to discourage an investor to withdraw from it.
The final sell price depends upon the exit load, so it is in a way different from NAV. For example, if the NAV of the Current scheme is Rs.100 and the exit load is 2.0 per cent, the final or effective selling price will be Rs.98.
It is the price at which an investor purchases one unit of the mutual fund. If a company includes entry load, then the purchase price will be greater than the NAV. The price will depend upon the entry load levied on the fund. For a ‘No Load’ fund, the purchase price is same as NAV.
Redemption price is the price that an investor/customer receives on selling units of an open-ended scheme to the fund. In case of funds that do not put an exit load, the redemption price is same as the net asset value. However, in case the fund puts an exit load, the redemption price is lesser than the Net Asset Value (NAV). In that case, the exit load percentage is subtracted from the NAV when the investor is redeeming the fund.
Repurchase price is the price at which an investor/customer of a close-ended scheme repurchases its units. The repurchase price can either be equal to the NAV or have an exit load on it. Hence, the repurchase price will vary as per the exit load implementation.
Asset allocation is very important and occupies an important position in the financial world as it diversifies risk and create a good portfolio. With savart, you need not worry about the allocation towards gold, bonds, mutual funds & stocks as it is done by our unique algorithm that takes care of all asset allocation.
You can track your investments in stocks & mutual funds anytime on your savart dashboard. Please note that all data available on savart is End Of Day i.e., the data that prevails at the end of the trading day. (closing price & closing data)
EFG stands for Emotional, Financial & General Analysis and is the proprietary procedure of savart to analyze customer's financial requirements, temperament and investment character using simple data that includes the time & response management while populating the EFG details.
This is not a one-time evaluation but an ongoing, continuously evolving mechanism that helps us build unique portfolios for customers. By 2019, EFG will be capable of generating 1 billion unique portfolio combinations for customers.
This has been developed so as to mimic a financial adviser who spends time, energy and thought to understand the investor/customer requirements before recommending anything. So, this is savart's attempt to combine the ease of online investing with the intuition of humans and computing power.
EFG directly effects the customer's portfolio and there are no right or wrong answers to any questions. The grading is a continuum that is plotted by our algorithms to understand the risk levels and expectations thus governing lot of aspects of the savart experience.
All your data is completely secure with us and is used either to optimize your portfolio or to develop macro-level insights for other business interests of savart. However, at no point in time, your individual or any micro-level data will be shared with any third party. Moreover, apart from the minimum personal data required for compliance, savart does not store much personal data of the users.
These submissions are required o make your Mutual Fund & stocks' investment process completely paperless and seamless.
savart is partnered with Bombay Stock Exchange to help you make investments into mutual funds. To do so, it is important to establish that the account details provided by you are actually yours. Hence, we ask for a photo of your cheque, bank statement or passbook. The signature is used to attest the application form that is submitted to the BSE.
The same is the case with stocks, however, this process is conducted by our broking partner, Upstox.
We can guarantee you that these details are not used for any other purpose without your notice or authorization.