In a remarkable achievement, My Money Panda has surpassed an INR 2 crore Systematic Investment Plan (SIP) book, a significant milestone since its launch in December 2022.
This accomplishment reflects the company’s rapid growth and aligns with the broader narrative of India’s rising participation in the financial markets, particularly through SIPs. With a mission to bring technology into the still-traditional domain of wealth management, Wealthy Nivesh has positioned itself as a forward-thinking player in the industry.
The achievement comes at a time when India’s SIP landscape is expanding rapidly.
Retail investors have significantly boosted their investments in equity mutual funds over the past year, driven by factors such as strong past returns, simplified product offerings, tax benefits, wider market reach, and the growing use of mutual funds as a means for wealth creation. Net inflows into equity-oriented mutual fund schemes surged by 95%, reaching ₹4.3 lakh crore in September 2024, up from ₹2.21 lakh crore in the same period last year. Inflows through systematic investment plans (SIPs) also grew by 41%, totaling ₹2.43 lakh crore, compared to ₹1.72 lakh crore a year ago.
Capitalizing on robust market conditions, fund houses launched a range of new products, attracting inflows of ₹1.11 lakh crore—a 57% increase from ₹70,560 crore in the previous year.
MMP’s (My Money Panda) achievement of a ₹2 crore SIP book is a reflection of the trust and belief that clients have placed in its cutting-edge technology and advisory services. Systematic Investment Plans have become a preferred investment method for millions of Indians due to their simplicity, convenience, and potential to create long-term wealth.
The core philosophy of MMP revolves around eliminating human biases in investment decisions through technology.
The firm has developed proprietary algorithms that offer a holistic and unbiased analysis of all the Mutual Funds, PMSes (Portfolio Management Services), and AIFs (Alternative Investment Funds) in India. This data-driven approach allows clients to benefit from objective insights while mitigating risks.
With a leadership team boasting over 40 years of combined experience in wealth management, including Garg, Aditya Gupta (Co-founder and Managing Director), Shrishti Sangal (Chief Service Officer), and Dr. Vikas Agarwal (Research Mentor), the firm has been able to offer exceptional client experiences and high-performance portfolios.
Their comprehensive strategy, which merges quantitative and qualitative frameworks, has earned them a loyal client base and impressive results.
In addition to its SIP success, the father brand of My Money Panda – Wealthy Nivesh recently raised $1 million in a fresh funding round, enabling the firm to expand its product offerings and enhance its digital brand, My Money Panda. This move is aimed at targeting key segments such as women and young investors, who represent the next wave of growth in the financial services industry.
“We’re excited to cross the INR 2 crore SIP milestone, and it’s a testament to our mission of increasing penetration of wealth products in India by blending technology with subjective analysis. Our approach ensures that clients not only receive superior returns but also benefit from risk mitigation strategies tailored to their financial goals,” says Aditya Gupta, Co-founder and Managing Director of Wealthy Nivesh.
With transactions worth ₹1,000 crore already processed on their platform in the past year, My Money Panda and Wealthy Nivesh have ambitious plans for the future. They aim to broaden their client base while continuing to provide innovative, tech-driven wealth management solutions. The company’s proprietary technology, combined with a deep understanding of market dynamics, positions them well to navigate India’s evolving financial landscape and deliver exceptional results.
